Portfolio Manager, Equity Index ETFs (BMO Global Asset Management)

Address:

This is an exciting opportunity to join a fast paced and growing team at BMO ETFs. This role will focus on the day-to-day portfolio management and investment strategy of Equity Index ETFs, Mutual Funds, Segregated Mandates, and CDRs. BMO ETFs is the second largest ETF provider in Canada and we are looking for a portfolio manager for our Equity Index suite of products. BMO ETFs manages 151 different strategies and $136 bln in AUM - this role will focus on the Equity Index strategies (60 strategies and $66bln in AUM).

Manages, evaluates and monitors market investments (e.g., stocks, bonds, private markets, and/or cash) on behalf of clients, who may be individual investors, institutional investors, or the overall organization, in accordance with the investment objectives and parameters defined by these clients. Optimizes investment performance consistent with clients' investment objectives and risk profiles. May include (1) buying and selling individual securities and/or physical assets; and/or (2) allocating assets to third-party managers depending upon the investment approach. Provides input into strategic decision making. Maintains client contact for assigned relationships and presents results.

• Supports new product and business development.
• May manage client relationships.
• Influences and negotiates to achieve business objectives.
• Assists in the development of strategic plans.
• Identifies emerging issues and trends to inform decision-making.
• Manages tactical relationships with some exposure to senior management.
• Completes assigned deliverables with little day-to-day management.
• Completes assigned processes.
• Manages, evaluates and monitors performance of the designated portfolio in alignment with investment objectives and client parameters based on the designated portfolio management discipline (e.g., equity, fixed income, quantitative, etc.).
• Develops investment strategies to meet objectives and constructs and maintains portfolio within client investment guidelines, achieving appropriate diversification.
• Assists in the construction of models in order to ensure the necessary investment characteristics are within client needs and investment mandates.
• Executes various portfolio management requirements including, but not limited to: trading and execution, regular economic commentaries, corporate actions, rebalancing, asset allocation, risk management, idea generation and product engineering, and interacting with market participants.
• Contributes to business development in client and industry facing activities and events.
• Monitors domestic & international economic and political trends for potential impact on the fundamentals and performance of the capital markets and strategies.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Conducts research to support portfolio management activities.
• Maintains the highest fiduciary duty when representing and acting in our clients’ interests.
• Continuously identifies, monitors and manages potential risks within our business and processes.
• Discusses process, portfolio construction risk management and issuer selection with existing and potential clients as circumstances require.
• Provides written and oral reports to clients on performance of account, the market, and performance of individual securities/portfolios.
• Assists with new business opportunities; delivers presentations and effectively acquires or develops new business with potential clients or external parties.
• Ensures controls are in place and are being followed.
• Builds effective relationships with internal/external stakeholders. Ensures alignment between stakeholders.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 6 - 8 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Established track record of providing strong investment performance and effective risk management.
• Completion of relevant investments certification.
• Advanced understanding of business line and a growing understanding of the overall firm and the competitive environment.
• Advanced understanding of specialized discipline and gaining understanding of other disciplines.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Assets:

• CFA or CIM
• Programming (Python) considered a strong asset
• Experience with:
  Passive or Index Portfolio Management (Equity)
  ETF Portfolio Management
  ETF Market Making (Capital Markets)
  Registered APM or PM at another Asset Management firm

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.