Job Description

Requisition ID: 180263

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose Of Job

This position is a trusted advisor, trainer, mentor and education coordinator of private wealth services for Private Investment Counsel, and acts as registrant by working closely with Wealth Associates in the management of investment portfolios, fulfills the role as the investment expert in relationship, assessing clients\' investment needs, setting appropriate investment objectives and ensuring accurate implementation and monitoring of portfolios (KYC / KYP and determining suitability).

The Portfolio Manager is responsible for managing the initiation, execution and delivery of training and development programs for Wealth Associates within Private Investment Council. The Portfolio Manager will work closely with Wealth Associates engaged by Private Investment Counsel provide training, development, education and relevant investment management experience. Lead the implementation of existing anew training initiatives aligned within the business.

The Portfolio Manager will act as key contributor to the Centralized Investment Advisory team, assist the portfolio review and investment analytics, and build effective working relationships with internal and external partners.

Major Accountabilities

• Delivering training and development based on a complete curriculum focused on 3 key areas to new incumbents (Wealth Associates) into the Private Investment Counsel business line nationally.

• Provide facilitation, virtual, conference calls and synchronous training as required to new and existing Wealth Associates.

• Provide individualized learning support to program participants

• Proactively and on an ongoing basis identify opportunities for enhancements and continuous improvements, implement plans for delivering changes

• Investment Management / Portfolio Management

• Client Relationship Management

• Training and onboarding of new Wealth Associates

• Completing investment portfolio reviews/analytics and proposals

• Processes, Policies and Procedures

Investment / Portfolio Management

• Including but not limited to: Training on the PIC Investment Platform / Mandates / Strategies, Portfolio Construction, KYP or Know Your Product and assessing suitability.

• Utilizing the KYC process and Investment Profile Questionnaire (IPQ) to develop an in-depth understanding of client\'s needs and determining the appropriate asset allocation model based on needs, risk tolerance and objectives

• Recommending an appropriate investment asset mix aligned with life goals, income needs, return expectations and risk tolerance that fulfills client objectives

• Collaborating with the Centralized Portfolio Management group and using defined investment management processes to communicate advice to clients on their strategic asset allocation, models and underlying investment portfolio

• Delivering insights to the field that will support competitive positioning and more effective portfolio advise

• Providing ongoing support to the field, responding on investment performance and client concerns utilizing various portfolio management system (Bloomberg, Morningstar Direct, Mpower, Crystal Report)

• Providing portfolio analytics and risk measurement of mandate composites and client portfolios

Client Relationship Management

• Conducting ongoing wealth conversations with clients, developing and sustaining an intimate and ongoing understanding of client life goals, circumstances and wealth needs

• Provide training and development around the deep discovery process, the PIC Value Proposition, the firm\'s core beliefs, the 5-step relationship process.

• Ensure that the WA is consistently delivering the desired client experience during all client interactions within the regulatory framework

• Within the regulatory framework, support the WA in business development, growth and consolidation efforts with clients and prospects

• Using strong knowledge of Scotia Wealth Management\'s diverse products and services, to ensure the client\'s needs are fulfilled, while providing training/support to the WA within the regulatory environment (KYC/KYP/Suitability)

• Contribute to the effective collaboration of key Scotia Wealth Management Stakeholders:

• Building effective working relationships across teams and with various business lines

• Maintaining a high level of customer service

• Facilitating a culture of open and honest communication

• Actively participating and contributing to touch bases and team meetings

• Encouraging the generation of new ideas and approaches

• Actively share knowledge and experience to enhance the development of all team members

• Developing and executing a meaningful employee development plan

Risk Management/Compliance

• Maintaining awareness and ensuring compliance/adherence to all procedures, regulatory activities and guidelines including Privacy, Anti-Money Laundering, Anti-Terrorist Financing, FCAC, Know your Client, Occupational Health & Safety and Guidelines for Business Conduct

• Minimizing the Bank\'s overall exposure to risk

• Supervising the maintenance of client portfolios in accordance with established firm strategies which include, utilizing the Central Portfolio Models and pools

• Supervising the suitability of wealth and investment recommendations and alignment with clients\' financial goals, objectives and risk levels

• Adhering to bank and firm standards, policies and business practices to ensure that Private Client Counsel is meeting the appropriate regulatory and compliance requirements as they relate to both new and existing accounts

• Escalating, documenting and reporting any unusual occurrences, suspicious or fraudulent activities, as per established procedures

Education/Work Experience/Designations

• University Degree (Business, Economics, Accounting, Finance)

• CFA Designation Required

• Meet the regulatory requirements to be registered with the appropriate securities commissions, preferrable currently registered as an Associate Advising Representative (AAR) or Advising Representative (AR)

• Minimum 5 years direct experience in discretionary investment management, covering both financial analysis and managing portfolios (individuals, estates, trusts, pension plans, foundations, registered accounts), with an expert understanding of investment returns, potential risks and the associated tax implications

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

Scotiabank