Associate Director and Lead, Overlay Management, Investment Management Platform

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The primary role of the Associate Director and Lead, Overlay Management is to lead and execute the portfolio administration and trade management functions for BMO Nesbitt Burns' centrally managed account programs (UMA and SMA), including client account monitoring, rebalancing and trade execution. The Associate Director and Lead, Overlay Management acts as the functional leader of the Overlay Management team while also participating in the execution of Overlay Management responsibilities.

Major Duties and Responsibilities:

• Lead and participate in daily trade execution including sub-advisor model trade recommendations and trades to facilitate account investment, divestment and rebalancing in a manner consistent with client objectives, constraints and regulatory requirements. Securities traded include equity, fixed income, exchange traded funds and mutual funds.
• Execute tax-related trading strategies such as superficial loss protection, tax loss harvesting and gains crystallization.
• Act as the supervisor for managed accounts, ensuring client accounts remain aligned to their investment objectives and constraints.
• Lead and develop trading and rebalancing strategies for complex trade scenarios.
• Lead and enhance portfolio administration and risk management efforts including the creation and review of standard operating procedures, model reconciliations, corporate action reviews and constraint management.
• Act as the subject matter expert related to overlay management trading functions and systems.
• Participate in the onboarding of new models and sub-advisors.
• Act as the team leader, to ensure all team responsibilities are accounted for.
• Support the development of team members through cross-training and motivation.
• Perform other duties as assigned.

Qualifications:

• Registered or have the qualifications to be registered as a Portfolio Manager and Supervisor with the Canadian Investment Regulatory Organization (CIRO).
• CFA Charterholder, Chartered Investment Manager or Canadian Investment Manager designation
• University degree
• Minimum of 10+ 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 overlay/portfolio management and trade-related concepts and systems
• Strong analytical and investigative skills
• Strong attention to detail and ability to work in a fast-paced, dynamic environment
• Able to lead and work collaboratively within a team environment
• Effective time-management and prioritization skills
• Highly flexible and adaptable to change
• Excellent oral and written communication skills
• Understanding of tax-related concepts affecting investments

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.