Senior Manager, Managed Asset Program (12 month contract)

Scotiabank; Toronto; On-site; CAD 120,000 - 180,000; Part time

Job summary

Scotiabank in Canada seeks a Senior Manager, Managed Asset Program for a 12-month contract. You will oversee the Managed Portfolio Program, align with CIRO regulations and Investment Policy, and lead a large team of portfolio managers.

The role emphasizes strategic initiatives, training, and stakeholder relationships across wealth management, with a focus on performance, governance and compliance in a fast-paced, client-focused environment.

Qualifications

• University degree in a relevant discipline or equivalent experience.
• CFA designation or equivalent education would be an asset.
• Currently registered as a Supervising Portfolio Manager, Supervision of Managed Accounts.
• Detailed knowledge of capital markets, portfolio management, provincial and national securities regulations.
• 5 years relevant experience in mutual fund, investment management or brokerage industry.
• Significant comfort with and expertise in research methods and statistical analysis.

Responsibilities

• Champion a customer focused culture to deepen client relationships.
• Lead the oversight of ScotiaMcLeod’s Managed Portfolio Program (MPP).
• Identify and develop new initiatives to support Portfolio Managers in growing their MPP business.
• Lead the implementation and rollout of program initiatives.
• Provide training to the business line on portfolio management, including research, portfolio construction, and maintenance.
• Coach investment professionals on program best practices and mentor junior team members.
• Ensure oversight of investment activities of 400+ Associate Portfolio Managers and Portfolio Managers.
• Ensure accounts adhere to Investment Policy Statement and IIROC regulations.
• Maintain policies and procedures reflecting CIRO Regulations and monitor reporting.

Skills

Portfolio management

Leadership

Stakeholder relationships

Regulatory knowledge

Mentoring

Education

University degree in relevant discipline

CFA designation

Supervising Portfolio Manager certification

Tools

MPower

Bloomberg

Morningstar Direct

MS Excel

Zephyr

Mellon

Job description

Title: Senior Manager, Managed Asset Program (12 month contract)

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose:

Contributes to the overall success of the Managed Portfolio Program Global Portfolio Solutions / Scotia Wealth Management in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Contract Position: Maternity Leave.

Is this role right for you? In this role you will:

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Lead the oversight of ScotiaMcLeod’s Managed Portfolio Program (MPP) by:

• Identifying and developing new initiatives to support Portfolio Managers in the growing their MPP business.
• Leading the implementation and rollout of program initiatives.
• Participating in the Managed Accounts Operating Committee.

Investigate and implement changes to MPP by:

• Leading the effective implementation of technology upgrades, new policies and procedures, improved administrative flows, new program features and portfolio management enhancements.

Provide ongoing training to the business line on all issues surrounding portfolio management by:

• Developing, implementing, and presenting educational and training programs for new and experienced WAs and PMs including research, portfolio construction, implementation, and maintenance.

Provide support to business line investment professionals by:

• Proactively coaching highly experienced, demanding investment professionals on program best practices.
• Acting as mentor for more junior investment team members requiring ongoing coaching regarding portfolio management.

Provide guidance and supervision to the Managed Portfolio Program team by:

• Ensuring the oversight of the investment activities of more than 400 Associate Portfolio Managers (APM) and Portfolio Managers (PM).
• Ensuring that PMs manage accounts within the parameters of the program, Investment Policy Statement and IIROC regulations.
• Ensuring that all accounts are reviewed on a quarterly basis for suitability of investments, appropriate investment strategy, security selection, diversification parameters, performance against Investment Policy Statement and markets.
• Ensure the group has a complete policies and procedures manual that is maintained and properly reflects CIRO Regulations.
• Ensuring the development of reports and tools necessary to monitor accounts.
• Ensuring the maintenance of proper records of reviews, escalations, and discipline process

Provide strong team leadership to motivate and develop individual and team performance by:

• Fostering and developing a strong, positive team environment to drive a high degree of engagement.
• Regularly scheduling one-on-one coaching with direct reports.
• Identifying and supporting training and developmental needs of team members.
• Managing staffing requirements and departmental workloads.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high-performance environment and contributes to an inclusive work environment.

Do you have the skills that will enable you to succeed in this role? We would love to work with you if you have:

• University degree in a relevant discipline or equivalent experience.
• CFA designation or equivalent education would be an asset.
• Currently registered as a Supervising Portfolio Manager, Supervision of Managed Accounts.
• Detailed knowledge and understanding of capital markets, portfolio management, provincial and national securities regulations, mutual funds and the mutual fund industry.
• 5 years relevant experience in mutual fund, investment management or brokerage industry.
• Highly developed PC skills and comfort with relevant industry software (MPower, Bloomberg, Mellon, Zephyr, Morningstar Direct, MS Excel, etc.)
• Significant comfort with and expertise in research methods and statistical analysis.
• Self-motivated and able to work in a dynamic, fast paced, demanding environment.
• Able to work both independently and as part of a team.
• Strong ability to build and maintain key internal and external relationships

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know.