Sr. Portfolio Manager

BMO • Hinsdale, IL

7d • $120,000 - $250,000

About The Position

The Sr. Portfolio Manager provides high-quality sales and service to investment clients, delivering an exceptional client experience while applying technical expertise in investment management and administration. The role collaborates with branch and regional teams, develops referral networks and business-development strategies, prepares investment proposals, and provides investment-management and fiduciary expertise to investment professionals and clients.

The position leads strategic planning and execution for the assigned business or portfolio, including analysis, performance monitoring, reporting, model-portfolio recommendations, and development of business requirements for analytics. It also leads change-management and operational programs; supports governance, regulatory, and vendor activities; develops tools and training; and maintains effective relationships with clients and stakeholders. The role protects client and bank assets by following applicable risk, compliance, legal, and ethical requirements.

Typically, the role requires seven or more years of relevant experience and a post-secondary degree in a related field, or an equivalent combination of education and experience. A BA or finance certification is preferred. The listed annual salary range is $120,000 to $250,000. BMO’s total compensation may also include performance-based incentives, discretionary bonuses, and other rewards. Benefits mentioned include health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

Requirements

• Typically, seven or more years of relevant experience and a post-secondary degree in a related field, or an equivalent combination of education and experience.
• Expert understanding of portfolio management principles and asset-mix determination.
• Expert understanding of fiduciary law and its applicability to trust investment accounts.
• Expert knowledge of equity and fixed-income markets.
• Expert understanding of tax-related issues affecting investments.
• 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 teamwork 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 support an exceptional client experience.
• Develop internal and external networks and referral sources to grow business in the assigned portfolio or jurisdiction.
• Collaborate with experts to develop integrated business-development strategies and strengthen marketplace presence.
• Develop investment proposals and participate in prospect and client meetings.
• Provide investment-management, fiduciary expertise, and strategic leadership to investment professionals in the assigned portfolio or jurisdiction.
• Recommend strategy and new initiatives to senior leaders, and act as a subject matter expert on relevant regulations and policies.
• Manage resources and lead strategic initiatives to achieve business and financial goals; recommend priorities, resource requirements, and execution roadmaps.
• Analyze strategic issues and collaborate with stakeholders to support the execution of initiatives.
• Break down strategic problems and analyze data to provide insights and recommendations; define analytics and reporting requirements to inform decisions.
• Coordinate database management and ensure data alignment, integration, and adherence to data-governance standards.
• Monitor performance, address issues, produce reports and dashboards, and collect and analyze quarterly mandate-performance data.
• Develop and recommend model portfolios using statistical evaluations 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 assessment, planning, stakeholder management, execution, evaluation, and sustainment.
• Develop and lead communications strategies, collaborating across BMO to promote consistent messaging and influence or change behaviour.
• Lead operational-program execution and adapt programs as needed to maintain quality.
• Lead or participate in governance meetings and maintain governing-body mandates, oversight, and approval guidelines.
• Provide specialized support for internal and external regulatory requirements as needed.
• Oversee the design, development, and implementation of tools and training required to deliver business results.
• Serve as a day-to-day vendor contact; support implementation, maintenance, and sustainment of vendor solutions; oversee vendor relationships and agreements.
• Lead or support vendor contract negotiations, balancing cost, risk, and performance.
• Lead or participate in the design, implementation, and management of core business or group processes.
• Develop and manage business or group programs, review effectiveness, consider industry trends, and recommend or implement enhancements.
• Identify business needs and design and develop tools and training programs, including delivering training where needed.
• Perform sales and service support activities, including client communications, inquiry resolution, customized client reporting, portfolio re-optimizations, and verification of performance measurement reports.
• Meet service-quality standards to maximize relationship retention and growth; build client rapport and trust.
• Build effective relationships with internal and external stakeholders and ensure stakeholder alignment.
• Follow risk and compliance processes and policies to safeguard customer assets, protect privacy, act in customers’ best interests, and ensure an effectively run function.
• Protect the Bank’s assets and comply with regulatory, legal, and ethical requirements.
• Apply the Risk Management Framework and make sound, risk-informed decisions consistent with business strategy, approved risk appetite, policies, laws, and regulations.
• Implement changes in response to shifting trends and undertake other related work or accountabilities as assigned.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and 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