Government jobs in Canada

TELUS Health is empowering every person to live their healthiest life. Guided by our vision, we are leveraging the power of our leading edge technology and focusing on the uniqueness of each individual to create the future of health. As a global-leading health and well-being provider – encompassing physical, mental and financial health – TELUS Health is improving health outcomes for consumers, patients, healthcare professionals, employers and employees.

The Portfolio Manager will be responsible for managing OCIO client portfolios amongst other things. This position will work with external stakeholders (investment managers, custodians, etc.) as well as partner with internal stakeholders (compliance, investment operations, consultants, etc.) to ensure the effective management of OCIO clients.

Responsibilities

Portfolio Management

• Establish the client investment strategy based on the Statement of Investment Policies and Procedures (SIPP) and discussions with the client and the investment consultant;
• Develop Investment Policy Statements (IPSs);
• Review client’s SIPP;
• Review and approve client portfolio implementation and transition plans;
• Update and review client KYC information and suitability on a regular basis;
• Select investment managers and complete required agreements on behalf of clients;
• Replace, terminate and/or add investment managers as necessary;
• Work with approved external liability-driven (LDI) investment managers to define clients’ LDI strategy and target allocation;
• Assist with the management of the external investment managers relationship which includes:
• Negotiating agreements and preferential fees;
• Meeting with them on a regular basis to review the strategies clients are invested in;
• Acting as the day-to-day contact.
• Work with investment consultants to identify appropriate client asset mixes;
• Assist in the development of model portfolios for the OCIO investment platform;
• Monthly review of client asset mix to ensure it is consistent with IPS/SIPP guidelines;
• Review and approve client daily cash monitoring, including forecasted cash flows;
• Review and approve client trade calculations and instructions letters;
• Address portfolio management related questions from clients;
• Participate in client meetings as required.

Performance Measurement and Attribution

• Review and approve the performance calculation of the firm’s Alternative strategies fund;
• Monitor and evaluate the performance of investment managers and report to clients as to if they are
• performing according to expectations;
• Prepare quarterly performance commentaries;
• Participate in various ad hoc performance analysis.

Investment research

• Participate in manager research;
• Participate in other topical investment research.

Miscellaneous

• Participate in client proposals and RFPs;
• Develop and maintain portfolio management controls and procedures.

Qualifications

• Bachelor degree in Business Administration, Economics, Finance, Mathematics, Actuarial Science or related field;
• Minimum of 5 years of relevant experience in an investment management or consulting firm;
• Registered as an Advising Representative or possess the required experience and proficiency to be registered as an Advising Representative with the Canadian Securities Administrators upon joining;
• Experience dealing with institutional clients, an asset;
• Experience with actuaries, consultants, an asset;
• Understanding of pension plan liabilities and liability-driven strategies, an asset;
• Experience with portfolio management systems;
• Proficiency with MS Office (Excel, PowerPoint, Word);
• Advanced Excel skills (e.g. macros), an asset;
• Bilingual (English and French), strongly preferred;
• Excellent oral and written communication skills;
• Strong attention to details;
• Ability to think strategically and implement changes and/or improve processes;
• Ability to analyze problems, determine and implement appropriate solutions for complex client and business issues.

A bit about us

We’re a people-focused, customer-first, purpose-driven team who works together every day to innovate and do good. We improve lives through our technology solutions and foster a culture of innovation that empowers team members to solve complex problems and create remarkable human outcomes in a digital world.

TELUS is proud to foster an inclusive culture that embraces diversity. We are committed to fair employment practices and all qualified applicants will receive consideration for employment. We offer accommodation for applicants with disabilities, as required, during the recruitment process.

Disclaimer: In accordance with the TELUS Health Solutions Data Center Security Policy, as a condition of employment, all team members whose job functions require they work at a Data Center and/or have access to detailed knowledge of technology related to client service delivery, are subject to a Personnel Security Screening conducted through the Government of Canada.

The health and safety of our team, customers and communities is paramount to TELUS. Accordingly, we require anyone joining our TELUS Health Care Centres to be fully vaccinated for COVID-19.

Note for Quebec candidates: if knowledge of English is required for this position, it is because the team member will be asked, on a regular basis, to interact in English with external or internal parties or to use English applications or software as part of their tasks.

By applying to this role, you understand and agree that your information will be shared with the TELUS Group of Companies’ Talent Acquisition team(s) and/or any leader(s) who will be part of the selection process.