Portfolio Manager - Wealth Management

BMO Financial Group, is a highly diversified North American financial services institution, ranked as one of the largest banks on the continent, serving 11 million customers.  We are deeply committed to a high performance culture - one that values diversity, continuous learning, a strong incentive and reward for service quality, employee commitment, community involvement and shareholder value.

 

The senior portfolio manager provides back-up to the portfolio manager focusing on segregate portfolios that are slightly more complex in nature, medium in average size ($3-5 million) and typically have less demanding clients, with the appropriate skill-set and experience to service them.

 

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 KEY ACCOUNTABILITIES

 

1. Investment management of client assets.

? Will assist and backup the Portfolio Manager in defining, implementing and maintaining portfolio asset allocation levels to meet the client?s investment objectives using Harris? strategic and active asset allocation targets.

? Utilize Harris? computer models and approved working lists of securities to assist in the structuring of client portfolios.

? The portfolio manager will comply with established processes, procedures and regulations in constructing client portfolios. 

? The portfolio manager will deliver competitive returns consistent with all relevant benchmarks and appropriate risk measures.

 

2.  Client development.

? Will backup the Portfolio Manager in communicating on a frequent basis with clients to ensure a clear understanding of the changing nature of the portfolio and to instill confidence and build credibility with the client.

? Will assist in enhancing current relationships and seek to develop new relationships through effective communication and trust building skills.

 

3. Investment related activities.

? Will work with the Portfolio Manager in actively participating in assigned committees as well as workgroups designed to achieve broad investment unit objectives.

? Will work to achieve expert status on all accounting, investment and workstation tools.

? Will continue to stay abreast of all investment related topics through the achievement of advanced degrees, certifications and the reading of financial literature and reports and the attendance at regularly scheduled training events.

? With experience, may begin to assume positions on senior investment committees including committee leadership responsibilities.

 

4. Market related activities.? Will be responsible for participating in and making effective investment presentations to prospects or groups of prospects as set forth by the market manager.

?  Will actively participate in market related initiatives as identified and set forth by market manager and the Portfolio Manager. 

 KNOWLEDGE AND SKILLS:

 

? Bachelor?s degree in business with MBA and/or CFA charter holder.

? 5-12 years of experience in performing specific personal portfolio management functions/responsibilities or have 5-12 years in a related field (including special asset management, trust administration, investment trading, investment research, financial planning, relationship management, etc).  Individual should also possess current knowledge of financial markets as well as historical perspectives of the markets.

? Individual should have a comprehensive understanding of investment management theory and ethics as well as tax issues and trust and fiduciary laws; consistently apply existing risk management procedures and follow compliance directives; display solid judgment in managing financial contribution of assigned relationships with occasional oversight; exhibit broad based communication techniques.