Portfolio Manager

BMO • Chicago, IL

1d • $65,000 - $140,000

About The Position

The Portfolio Manager provides high-quality sales and service to investment clients, delivering an exceptional client experience while providing technical expertise in investment management and administration. The role works collaboratively with branch and regional teams, builds referral networks, supports business development, develops investment proposals, and provides investment management, fiduciary expertise, and strategic leadership to investment professionals in the assigned portfolio or jurisdiction.

The position advises senior leaders on business strategy and initiatives, serves as a subject matter expert on regulations and policies, and leads strategic execution, operational programs, governance, and change management. It analyzes performance and other data, develops model portfolios, prepares reports and dashboards, and supports analytics, data governance, and performance reporting. The role also oversees vendor relationships, business processes, tools, training, and program effectiveness.

Client support includes responding to inquiries, preparing customized reports, implementing portfolio re-optimizations, and verifying performance measurement reports. The Portfolio Manager builds trust with clients and stakeholders, maintains service standards, and follows risk, compliance, privacy, legal, and ethical requirements to protect client and bank assets. Broader work or accountabilities may be assigned as needed.

Requirements

• Typically 7+ years of relevant experience and a post-secondary degree in a related field, or an equivalent combination of education and experience.
• In-depth or expert understanding of portfolio management principles and asset mix determination.
• In-depth or expert understanding of fiduciary law and its applicability to trust investment accounts.
• In-depth or expert knowledge of equity and fixed income markets.
• In-depth or expert understanding of tax-related issues affecting investments.
• In-depth or expert knowledge of the regulatory environment.
• Seasoned professional with a combination of education, experience, and industry knowledge.
• Expert verbal and written communication skills.
• Expert analytical and problem-solving skills.
• Expert influence skills.
• Expert collaboration and team skills, with a focus on cross-group collaboration.
• Ability to manage ambiguity.
• Expert data-driven decision-making skills.

Nice To Haves

• BA or finance certification preferred.

Responsibilities

• Provide high-quality sales and service to investment clients and deliver an exceptional client experience.
• Develop internal and external networks and referral sources to grow business in the assigned portfolio or jurisdiction.
• Collaborate with other experts on integrated business development strategies, develop investment proposals, and participate in prospect and client meetings.
• Provide investment management, fiduciary expertise, and strategic leadership to investment professionals.
• Recommend strategies, priorities, resource requirements, and initiatives to senior leaders; support their execution with internal and external stakeholders.
• Serve as a subject matter expert on relevant regulations, policies, and investment matters for stakeholders.
• Analyze strategic issues, business data, and performance; provide insights and recommendations for decision-making.
• Define analytics and reporting requirements, coordinate databases, and ensure data alignment and adherence to governance standards.
• Monitor and track performance; design and produce regular and ad-hoc reports and dashboards.
• Collect data for quarterly performance reporting and analyze the performance of mandates on the platform.
• Develop and recommend model portfolios using statistical evaluation of risk, return, and correlations.
• Prepare spreadsheets and reports covering performance, portfolio summaries, asset allocation targets, and related information.
• Lead change management programs, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment.
• Develop and lead communication strategies and collaborate across BMO to ensure consistent messaging and influence behaviour.
• Lead operational programs and adapt execution as needed to ensure quality.
• Lead or participate in governance meetings and maintain governing body mandates, oversight, and approval guidelines.
• Provide specialized support for other internal and external regulatory requirements as needed.
• Oversee the design, development, and implementation of tools and training required to deliver business results.
• Manage vendor contacts and relationships, support vendor solution implementation and maintenance, and oversee execution against agreements.
• Lead or support vendor contract negotiations, balancing cost, risk, and performance.
• Lead or participate in the design, implementation, and management of business and group processes and programs.
• Review programs for effectiveness, consider industry trends, recommend enhancements, and make changes as required.
• Identify business needs and design or develop tools and training programs; training delivery may be included.
• Provide sales and service support, including regular client communication, investigating and responding to inquiries, preparing customized reports, implementing portfolio re-optimizations, and verifying performance reports.
• Meet service standards to maximize relationship retention and growth; build client rapport and trust.
• Build effective relationships with internal and external stakeholders and ensure alignment between them.
• Follow risk and compliance processes and policies, safeguard customer assets and privacy, and act in customers’ best interests.
• Protect bank assets and comply with regulatory, legal, and ethical requirements.
• Apply the Risk Management Framework, make sound risk-informed decisions within approved risk appetite, and follow applicable policies, laws, and regulations.
• Adapt to shifting trends and address complex, non-routine, ambiguous situations with creative solutions.
• Perform broader work or accountabilities as assigned.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans
• Performance-based incentives, discretionary bonuses, and other perks and rewards may be included in total compensation.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior