Senior Portfolio Manager

4 days ago


Great Barrington, Massachusetts, United States BMO Full time
Job Summary

We are seeking a highly skilled Senior Portfolio Manager to join our Wealth Management team. As a key member of our team, you will be responsible for providing high-quality sales and service to investment clients, delivering an exceptional client experience, and ensuring compliance with all aspects of investment management and administration.

Key Responsibilities
  • Develop and implement investment proposals and participate in meetings with prospects and clients.
  • Provide investment management, fiduciary expertise, and strategic leadership for business, products, and policies to investment professionals within the assigned portfolio or jurisdiction.
  • Act as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.
  • Develop an expert understanding of business and group challenges.
  • Network with industry contacts to gather competitive insights and best practices.
  • Recommend measures to improve organizational effectiveness.
  • May consult to or serve on various committees and task forces.
  • Manage resources and lead the execution of strategic initiatives to deliver on business and financial goals.
  • Recommend business priorities, advise on resource requirements, and develop a roadmap for strategic execution.
  • Help determine business priorities and best sequence for execution of business or group strategy.
  • Conduct independent analysis and assessment to resolve strategic issues.
  • Support the execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Act as the prime contact for internal and external stakeholder relationships, which may include regulators.
  • Break down strategic problems and analyze data and information to provide insights and recommendations.
  • Define business requirements for analytics and reporting to ensure data insights inform business decision-making.
  • Coordinate the management of databases and ensure alignment and integration of data in adherence with data governance standards.
  • Monitor and track performance and address any issues.
  • Design and produce regular and ad-hoc reports and dashboards.
  • Collect data needed for quarterly performance reporting and analyze the performance of each mandate on the platform.
  • Develop and recommend model portfolios based on the statistical evaluation of risk, return, and correlations.
  • Prepare spreadsheets and reports with information about performance, portfolio summaries, asset allocation targets, etc.
  • Lead change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
  • Lead the development of the communication strategy, focusing on positively influencing or changing behavior.
  • Collaborate across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behavior.
  • Lead the execution of operational programs, assess, and adapt as needed to ensure quality of execution.
  • Lead/participate in the management of governance meetings and maintenance of governing body mandates, oversight, and approval guidelines.
  • May provide specialized support for other internal and external regulatory requirements.
  • Oversee the design, development, and implementation of tools and training required to deliver business results.
  • Act as the day-to-day contact for vendors, support the implementation, maintenance, and sustainment of vendor solutions.
  • Lead/oversee the management of vendor relationships and provide guidelines for execution, ensuring that all agreements are met as per requirements.
  • Lead/participate in the design, implementation, and management of core business/group processes.
  • Develop and manage a business/group program.
  • Review the program for effectiveness, consider industry trends, and recommend enhancements; make changes as required.
  • Identify business needs, design/develop tools and training programs; may include delivery of training to audiences.
  • Perform sales and service support activities as required to meet client needs and maintain overall service levels.
  • Provide administrative support to team members and relationship managers, including regular communication with clients, investigating and responding to customer inquiries, preparing customized client reports, implementing portfolio re-optimizations, and verifying performance measurement reports.
  • Meet high-quality service standards to maximize relationship retention and growth.
  • Develop rapport and instill confidence with the client to develop credibility and earn their trust.
  • Build effective relationships with internal and external stakeholders.
  • Ensure alignment between stakeholders.
  • Follow 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 ensure an effectively run function.
  • Protect the Bank's assets and comply with all regulatory, legal, and ethical requirements.
  • Operate at a group/enterprise-wide level and serve as a senior specialist resource across BMO.
  • Influence how teams/groups work together.
  • Apply expertise and think creatively to address unique or ambiguous situations and find solutions to multiple, interdependent, complex problems.
  • Communicate abstract concepts in simple terms.
  • Foster strong internal and external networks and work with and across multiple teams to achieve business objectives.
  • Anticipate trends and respond by implementing appropriate changes.
  • Foster a culture aligned to BMO's purpose, values, and strategy and role model BMO values and behaviors in all that they do.
  • Ensure alignment between values and behavior that fosters diversity and inclusion.
  • Regularly connect work to BMO's purpose, set inspirational goals, define clear expected outcomes, and ensure clear accountability for follow-through.
  • Build interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
  • Attract, retain, and enable the career development of top talent.
  • Improve team performance, recognize and reward performance, coach employees, support their development, and manage poor performance.
  • Monitor performance results at the regional, market, and professional level; develop action plans to resolve gaps.
  • Develop internal and external networks and referral sources to grow business in the assigned portfolio or jurisdiction.
  • Enhance presence in the marketplace by collaborating with other experts to create integrated business development strategies.
  • Broaden work or accountabilities may be assigned as needed.
Qualifications
  • Typically 9+ years of relevant experience and post-secondary degree in a related field of study or an equivalent combination of education and experience.
  • MBA or Finance certification preferred.
  • Expert understanding of fiduciary law and applicability to trust investment accounts.
  • Expert understanding of fiduciary law and applicability to trust investment accounts.
  • Expert knowledge of equity and fixed income markets.
  • Expert understanding of tax-related issues affecting investments.
  • In-depth knowledge of the regulatory environment.
  • Seasoned expert with extensive industry knowledge.
  • Technical leader viewed as a thought leader for innovation.
  • Verbal & written communication skills - Expert.
  • Analytical and problem-solving skills - Expert.
  • Influence skills - Expert.
  • Collaboration & team skills; with a focus on cross-group collaboration - Expert.
  • Able to manage ambiguity.
  • Data-driven decision-making - Expert.


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