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- Responsible for the day to day management of a defined set of Index ETFs - both Fixed Income and Equity
- Ensure each ETF tracks their respective index within allocated tolerance.
- Monitor corporate actions and decide on best course of action.
- Build a trading strategy for any fund rebalances and portfolio transitions to minimize market impact and tracking
- Currency Hedging - Support the team during monthly hedge roll adjustments.
- Responsible for trading multiple asset classes (fixed income, preferred shares and derivatives).
- Aid in the analysis of performance and investment decisions to defend to senior investment committee.
- Responsible to maintain and enhance the BMO ETFs investment infrastructure, for both fixed income and equity mandates.
- Work with internal parties (Business infrastructure, data, technology, operations) to ensure that daily processes are effectively designed, built and operating
- Work with portfolio management team to improve the scalability of the business by improving automation
- Facilitate fixed income trading across multiple fixed income products i.e. Government, investment grade, high yield and derivative instruments.
- Work with other portfolio managers to generate and execute fixed income trade lists
- Provide detailed post trade analysis on all fixed income trades
- Conduct liquidity analysis on several segments of the fixed income market (CAN,US, Corporate, Government, Provincial)
- Continuously improving the operational efficiencies of the PM/Trading process
- Work with institutional sales team to leverage the capabilities within the ETF team.
- Aid the portfolio management team in building "one stop" solutions for our clients, by using the most efficient products, whether ETF, index funds or derivative based.
- Provide input and develop rational for new product launches. Working with PM team or index provider in the designing or engineering of new products.
- Assist in providing analysis and building presentations for client meetings and sales presentations with the institutional sales team
- Maintain a high level of knowledge of the Canadian and international fixed income markets
- Provide economic analysis and commentary to the portfolio management and sales teams
- Provide economic analysis on new product launches
- Review and help improve index methodologies by working with index providers
- Write commentaries and regulatory disclosure documentation
- Function as subject matter expert to support sales initiatives to drive asset growth.
- Foster a highly integrated and collaborative partnership with the sales team to deliver exceptional client service.
- Support products through education and sales
- Participate in client focused road shows, presentations and meetings.
- Support the construction of PR and media messaging as the subject matter expert for ETFs as opportunities arise.
- Promote BMO ETFs both externally and internally.
- Maintain the highest fiduciary duty when representing and acting in our clients' interests.
- Continuously pursue and identify potential risk within our business and processes.
- Eliminate, where possible, manual processes
- Automate and build systems that reduce operational risk.
- Ensure controls are in place and are being followed
- Join a culture that continuously looks to mitigate operational risk.
- University graduate in Commerce, Business, Computer Science, Engineering, Mathematics or Economics and may have a post graduate degree.
- CFA Charterholder or working toward CFA Charter
- A minimum 5 years of direct investment experience, buy side or sell side, in investment management or computer science.
- Strong attention to detail
- Process driven
- Computer Programing (specifically, Python and VBA) are considered a minimum requirement
- Ability to make decisions under pressure
- Ability to excel in a team based environment
- Possess strong excel skills
- Possess strong written and presentations skills
Associate Portfolio Manager - Toronto, Canada - BMO
Description
Application Deadline:05/05/2024
Address:
100 King Street West
The Associate Portfolio Manager will join an experienced and dynamic team that builds and manages exchange traded funds (ETF), mutual funds and institutional mandates. The role will focus on Index ETFs and will support both equity and fixed income portfolio management teams. This role will be a very unique, cross asset class opportunity and will be responsible for analysis and management of indexed ETFs, mutual funds, and institutional strategies, across Canadian and international mandates. The portfolio manager will aid in the development of scalable processes to drive business growth. The portfolio manager's responsibilities will include, but are not limited to, trading and execution, regular economic commentaries, corporate actions, rebalances, idea generation and product engineering, and interacting with market participants/liquidity. In addition to portfolio management responsibilities, the successful candidate will also contribute to client focused commentary, performance and attribution analysis, as well as taking part in client presentations, to support the overall ETF product offering within BMO GAM.
Key Dimensions
- Investment Management - Index ETF and Passive Institutional Strategies Investment Management
- Programming (Python) - Business Infrastructure
- Trading and Execution
- Custom Solutions Research
- Economic Commentary
- Client Service
- Risk Management & Compliance
Accountabilities
Investment Management - Index ETF and Passive Institutional Strategies
6
Job Category:
Individual Contributor / Collaborateur
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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.
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.