Portfolio Associate, Portfolio Mangement Group

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The Portfolio Management Group (PMG) is responsible for supporting BMO Private Banking Canada’s Investment Counselors (ICs) with the effective administration and implementation and monitoring of client investment accounts which are to be in line with BMO Private Investment Counsel (BPIC)’s philosophy, strategies and mandates.

Key Accountabilities

1. Portfolio Administration and Implementation
2. Leadership & Team Effectiveness
3. Project Management
4. Risk Management & Control

ACCOUNTABILITIES

Job Description
1. Portfolio Administration and Implementation

• Proactively assist PMG Managers with implementation of investment recommendations (from BPIC’s Investment Policy Committee and investment managers) in BPIC’s discretionary accounts.
• Create standard and customized reporting including, but not limited to, analysis and review of asset allocation and model portfolios, to support various BPIC teams and professionals.
• Prepare and coordinate communications with various stakeholders internal and external to BPIC or BMO to support investment recommendation implementation.
• Support Investment Counsellors (ICs) in the administration and management of client portfolios through various means, such as supporting the creation of investment models and creating client proposals.
• Complete routine activities to support portfolio management processes.
• Proactively liaise with the trading desk to enhance synergies.

2. Team Effectiveness

• Establish and maintain positive relationships with PMG Managers and ICs.
• Support a work environment that inspires innovation, creativity, collaboration, diversity and demonstrates a high tolerance and flexibility for change.
• Take initiative to drive efficiencies and enhance the effectiveness of the team.

3. Project Management

• Assist, as subject matter experts, with ad-hoc projects in support of BMO Private Wealth Canada initiatives.

4. Risk Management and Control

• Protect the Bank’s assets and clients by ensuring proper adherence to all aspects of First Principles, Our Code of Conduct, Ethics, and compliance policies and procedures relating to private client money management.
• Exhibit a strong level of understanding of policies and procedures relating to investment management and ensure risk management procedures and controls are being followed.

Knowledge and Skills

Knowledge

• University Degree
• Completion of Level 1 of the CFA Program, or in process of achieving the CIM (Chartered Investment Manager) designation, preferred.
• Minimum of 3 years working experience in the investment and/or financial services industry, either in a similar role or within the BMO Private Wealth or Investment Management divisions.

Skills

• Very good understanding of portfolio management principles and the regulatory environment.
• Ability to work in a face-paced environment.
• Very good interpersonal, communication, relationship management and persuasion skills (verbal, listening and writing).
• Strong attention to detail and analytical skills as well as being organized and the ability to multi-task and take initiative.
• Strong ability to work independently and as part of a team.
• Strong understanding of financial markets, investment products and familiarity with taxation issues.
• Strong understanding of the regulatory environment.
• Strong technical skills and exposure to portfolio management and trading (Charles River - CRIMS and CRA) and book of record (FIS - Global Plus) systems is an asset.
• Strong computer skills: MS Office, MS Outlook; Bloomberg is an asset.

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.