Manager, Portfolio Management Group

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The Portfolio Management Group (PMG) is responsible for supporting BMO Private Banking Canadas Investment Counselors (ICs) with the effective administration and implementation and monitoring of client investment accounts which are to be in line with BMO Privates 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

1. Portfolio Administration and Implementation

Implement investment recommendations of the Investment Policy Committee and investment managers by generating orders and executing transactions in BPICs discretionary accounts.
Support Investment Counsellors in the administration and management of client portfolios by generating orders and executing transactions upon request.
Maintain low portfolio variability with established investment models to keep performance in line with internal benchmarks.
Proactively review client accounts to ensure portfolios are managed in an efficient manner by utilizing portfolio management software capabilities while ensuring compliance with investment constraints.
Proactively liaise with the trading desk to enhance synergies.
2. Practice Management and Team Effectiveness

Establish and maintain positive relationships with Investment Counsellors and provide guidance to Investment Counsellors in the management of client portfolios.
Coach motivate develop and provide counsel to Portfolio Associates and Portfolio Assistants in the resolution of complex issues.
Provide insight and share expertise with team members and colleagues in regards to BPICs investment platform and products.
Support a work environment that inspires innovation creativity collaboration diversity and demonstrates a high tolerance and flexibility for change.
Provide feedback and support to the Regional Directors of Investments.
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 Banks 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.

Knowledge

• Credentials and experience sufficient to achieve registration as Advising Representative with Provincial Securities Commissions is required (earned CFA Charter and has gained 12 months of relevant investment management experience in the 36-month period before applying for registration; or received the Canadian Investment Manager designation and has gained 48 months of relevant investment management experience 12 months of which was gained in the 36-month period before applying for registration) or eligibility to be registered as an Advising Representative - Client Relationship Manager (AR-CRM).
• University degree
• CFA Charter or Canadian Investment Manager designation
• Minimum of 5 years working experience in the investment and/or financial services industry either in a similar role or within the Private Wealth or Investment Management divisions.
  Skills
• Strong understanding of portfolio management principles and the regulatory environment.
• Ability to work in a fast-paced environment
  Excellent 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 software (FIS Global Plus) is an asset.
• Strong computer skills: MS Office MS Outlook Bloomberg is an asset.

The above represents BMO Financial Groups 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 Groups expected target for the first year in this position.

BMO Financial Groups 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: 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. Well 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 well help you gain valuable experience and broaden your skillset.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others 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.