Requisition ID: 142825
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Portfolio Manager occupies a key role within MD Financial Management. Working as a partner with MD's Financial Consultants, the Portfolio Manager will leverage his/her years of experience, specifically delivering discretionary investment management services to high net worth clients to foster, maintain and strengthen client relationships. Core Individual Responsibilities:
Assess client objectives and risk tolerance, calibrate investment solutions based on client input and cues, develop and implement appropriate written Investment Policy Statement; this includes gathering client personal information, determining asset allocation and identifying special needs and liquidity requirements
Analyze securities for transfer in-kind due to capital gain/loss reasons, analyze segregated stocks and bonds to determine classification, suitability, and eventual disposition/tranching-in strategies, review credit quality and duration of fixed income investments, analyze industry, sector and country allocation as it pertains to equity investments
Communicate and explain to clients the individual fund manager's strategy; this includes management style and view of each Pool held in the portfolio, MD's strategic and tactical view on markets and the economy, and overall portfolio performance
Ongoing client reviews including discussion of portfolio performance, periodic reviews of appropriateness of objectives and of tax situation and cash flow needs
Participate in networking activities to foster relationships to ensure the value proposition, as it relates to Private Investment Counsel, is promoted and understood
In conjunction with the Financial Consultants, work to assist in developing client understanding and education of Private Investment products
Participate in discovery meetings, working with Financial Consultants and other advisors within the team to develop client wealth plans
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 his/her 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. Competency Requirements:
Strong relationship building skills
Exceptional communication and interpersonal skills
Strong business intelligence with a clear understanding of complex multi-stakeholder demands
Demonstrated behaviors consistent with MD Financial Management: client first, mutual trust and high integrity
Strong team player Education & Experience:
Minimum of 6 years' experience specifically delivering discretionary investment management services to high net worth clients
Must be registered, or have the ability to become immediately registered, with the appropriate provincial securities commission as a Portfolio Manager
Must be a CFA charter holder (including 12 months of relevant investment management experience subject to regulatory approval) or possess their Chartered Investment Manager (CIM) designation (including 24 months of relevant investment management experience subject to regulatory approval)
University degree is required
Broad based business experience and acumen in supporting and partnering with other wealth lines of business and delivering services to external clients
Is respected within external community and external peer group as a credible and open partner where he/she can seek and provide advice
Knowledge and understanding of critical macro-economic issues for their potential financial impact on clients' investment portfolios
Ability to articulate the firm's macro view of the economy, markets and global issues and incorporate this perspective into the firm's capital market return assumptions and advice regarding clients' investment goals and strategies
Thorough understanding of MD fund manager selection and oversight processes, including the managers' methods and their research used in selecting securities
Location(s): Canada : Quebec : Montreal
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. If you require technical assistance, please click here . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
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