Pic Portfolio Manager - Kitchener, Canada - Scotiabank

Scotiabank
Scotiabank
Verified Company
Kitchener, Canada

4 weeks ago

Sophia Lee

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Sophia Lee

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Description
Requisition ID: 174226

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


This position is a trusted advisor of private wealth services that meet high net worth client's short and long term holistic wealth management and investment growth goals, through a firm wide investment strategy and a disciplined and defined wealth management process.


A Portfolio Manager develops client relationships to gain an intimate understanding of client's life goals, circumstance and needs in order to provide investment counselling integrated into life based wealth advice and solutions.

Through this understanding, he/she will be responsible for engaging Bank and Scotia Wealth Management partners as needed to deliver on wealth strategies and directing our "team of experts" to deliver on our wealth promise and client experience.

The Portfolio Manager focuses on acquiring new clients and managing/retaining/deepening relationships with a book of existing high value clients.

He/she will also be responsible for identifying high net worth/ultra-high net worth prospects in specific markets by developing acquisition strategies and maintaining a prospect sales pipeline in order to generate sustainable and profitable growth.


The Portfolio Manager understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions, ensuring that all activities conducted are in compliance with governing regulations, internal policies and procedures.


Key Accountabilities

Client Relationship Management

  • Delivering exceptional client experience and the wealth advisory value proposition
  • Developing a professional, mutually beneficial and profitable relationship between the client and Private Investment Counsel
  • Conducting ongoing wealth conversations with clients, developing and sustaining an intimate and ongoing understanding of client life goals, circumstances and wealth needs
  • Providing lifebased wealth advice and solutions, focusing on enabling client goals
  • Based on an intimate understanding of their clients' situation, identifying and capitalizing on new business opportunities throughout the lifecycle of client relationships
  • Consistently delivering the desired client experience during all client interactions
  • Using strong knowledge of the Bank's, Scotia Wealth Management and Private Investment Counsel diverse products and services, to ensure the client's needs are well understood, documented and satisfied
  • As the primary relationship manager, acting as the central point of contact for all client needs
  • Directing and utilizing the team of experts to deliver on wealth strategies and wealth value promise
  • Partnering with all internal product/service business partners, as required ensuring client needs are met
  • Actively listening and seeking client feedback on products, services and the delivery of client experience
  • Consistently executing on SWM and PIC service standards regarding proactive contact, central client point of contact, recording and maintaining the Client Contact database
  • Responding to client and Senior Management inquiries, resolving problem situations autonomously when they arise
  • Proactively identifying and implementing strategies to address client needs
  • Monitoring of client accounts to ensure optimal profitability is maintained in each relationship

Investment Management

  • Utilizing the KYC process and Investment Profile Questionnaire (IPQ) to develop an indepth understanding of client's needs and determining the appropriate asset allocation model based on needs, risk tolerance and short/medium and long term 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 Investment Management team and using defined investment management processes to communicate advice to clients on their strategic asset allocation, models and underlying investment portfolio
  • Regularly monitoring client investment portfolios
  • Actively managing the client's Financial Plan and wealth strategy and participating in the client's annual Financial Plan review process

Business Development

  • Developing and managing business plans including sales targets and marketing strategies for prospective and existing clients
  • Using a PIC defined business development and sales planning process to find and attract new clients, as well as consolidate assets from existing clients in order to increase share of wallet
  • Partnering with the Financial Consultants in the business acquisition process
  • Actively promoting and marketing the development of Private Investment Counsel's book of business
  • Identifying new business opportunities to gather additional assets and/or increase revenue
  • Executing on marketing strategies to attract and retain valuable clients by providing
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