Pic Portfolio Manager - Toronto, Canada - Scotiabank

Scotiabank
Scotiabank
Verified Company
Toronto, Canada

1 month ago

Sophia Lee

Posted by:

Sophia Lee

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Description
Requisition ID: 175450

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.


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 graduates of Scotiabank's WMAP (Wealth Manager Associates Program) 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.


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
  • Administration training:
  • Investment Management / Portfolio Management
  • Client Relationship Management
  • Administration
  • Including but not limited to: Systems Training
  • Processes, Policies and Procedures
  • Account Opening (Documentation / Forms and onboarding)

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.
  • Supervising the know your client (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 objectives
  • Developing mock meetings and practice for WA recommendations of appropriate investment asset mix aligned with life goals, income needs, return expectations and risk tolerance that fulfills client objectives
  • Training and onboarding of new Wealth Associates
  • Training / development of the annual review process, client investment portfolios to ensuring suitability
  • Staying abreast of changes to the central models and connecting with the WA to discuss effects to client's portfolio and stated objectives

Client Relationship Management

  • Working collaboratively with the WA to satisfy identify client needs
  • Provide training and development around the deep discovery process, the PIC Value Proposition, the firm's core beliefs, the 5step 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 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
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