Associate Director, IMR

Application Deadline:

02/20/2025

Address:
100 King Street West

Job Family Group:

Wealth Sales & Service

Provides high quality service to investment clients to deliver an exceptional client experience. Provides technical expertise for all aspects of investment management and administration to ensure compliance. Works collaboratively with Investment Advisors, the BMO Nesbitt Burns Operations/Mutual Fund teams, internal stakeholders and sub-advisory relationships as part of the client/relationship management solution.

• Develops investment proposals using complementary investment vehicles such as mutual funds, exchange traded funds and separately managed accounts to create diversified portfolios with attractive risk/return characteristics that meet client investment objectives.
• Produces client reports based on analysis of client-specific investment data and leads the production of quarterly manager profile sheets.
• Provides guidance to the relationship manager on portfolio management issues and acts as a point of contact for inquiries and research initiatives for select investment strategies on various platforms.
• Evaluates investment markets, portfolio characteristics and investment manager performance and actively contributes research insights and new high conviction ideas in the monthly team research meeting.
• Conducting research on investment managers and their mandates across various asset classes to assess team/firm stability and alpha potential relative to peers/benchmark.
• Consults portfolio managers and relationship managers in the development of optimal portfolios for prospective and existing clients.
• Responsible for managing the fund strategy inbox and working with Investment Advisors, the BMO Nesbitt Burns Mutual Fund/Operations teams to respond to inquiries on investment products, risk ratings, security classifications, and requests to approve trading on products operationally.
• Supports the note approval inbox by working with BMO Nesbitt Burns Mutual Fund/Operation teams to assign risk ratings and approve trading for principal protected/principle-at-risk note requests from Investment Advisors.
• Attending operational dealer meetings with our sub-advisors back-office to educate them on the requirements needed to bring a product on the platform.
• Assists in the development of strategic plans and identifies emerging issues and trends to inform decision-making.
• Conducts independent analysis and assessment to resolve strategic issues.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Participates in the design, implementation and management of core business/group processes.
• Collects data needed for quarterly performance reporting and assists in analyzing the performance of mandates on the platform.
• Monitors and tracks performance, and addresses any issues with the investment manager accompanied by presenting findings to the broader research team.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Prepares spreadsheets and reports with information about performance information, portfolio summaries, asset allocation targets, etc.
• Leads or participates in a variety of change management activities
• Makes recommendations regarding the maintenance and implementation of the supervisory system for managed accounts.
• Provides input into the planning and implementation of operational programs.
• Leads/participates in the design, implementation and management of core business/group processes.
• Reviews the program for effectiveness, considers industry trends and recommends enhancements; makes changes as required.
• Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences.
• Performs sales & service support activities as required to meet client needs and maintain overall service levels.
• Provides administrative support to team members and relationship managers that includes regular communication with clients, investigating and responding to customer inquiries, preparing customized client reports, implementing portfolio re-optimizations, and verifying performance measurement reports.
• Meets high-quality service standards to maximize relationship retention and growth.
• Develops rapport and instills confidence with the client to develop credibility and earn their trust.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Follows through on the risk and compliance processes and policies to ensure we safeguard our customers' assets, maintain their privacy, act in their best interests, and ensures an effectively run function.
• Protects the Bank's assets and complies with all regulatory, legal and ethical requirements.
• 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 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• MBA or Finance certification preferred and/or pursuing the CFA designation.
• In-depth understanding of portfolio management principles and asset mix determination.
• In-depth knowledge of equity and fixed income markets and mutual fund structures.
• In-depth knowledge of the regulatory environment.
• Proficiency with investment management software.
• 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.

Salary :

$68,000.00 - $126,000.00

Pay Type:

Salaried

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.