National Portfolio Manager

Is this role right for you?

In this role, you will:

Be accountable for client discovery, development of the Investment Policy Statements (IPS), portfolio modelling and investment compliance with the client’s IPS

Contact is initiated by the client, Financial Consultant or the PM and can be facilitated through voice and web channels by the PM. Depending on the service and contact model requirements, client contact with the PM will be through telephone, email and web conferencing (i.e., Teams Meetings). At least one formal investment review will occur annually with the FC, the client & the PM (virtually).

Be licensed nationally and supports a team of advisors in your assigned region as the Portfolio Manager for assigned PIC clients, providing discretionary investment management while partnering with the FC

Transactional and execution-focused in relation to investment discussion, compliance and regulatory obligations and advisor-led client meetings.

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

Conduct ongoing client reviews include discussion of portfolio performance, periodic reviews of appropriateness of objectives and of tax situation and cash flow needs

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

In partnership with the FC, works 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 pursue 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.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

Minimum of 5 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)
Life Licensed would be an asset
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
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
Must be fluently bilingual English & French

In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere.

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