To be considered for this opportunity, please submit your resume and related information by email to bci@spencerstuart.com with “Portfolio Manager, Partnership Portfolio– BCI” in the subject line.
Only qualified candidates that match the requirements will be contacted. Please do not submit your application directly to BCI.
DEPARTMENT DESCRIPTION
The Public Markets Group manages a portfolio of fixed income, equity and absolute return investments representing approximately $105 billion utilizing both index and active management strategies. The Group invests in Canada, the U.S. and Internationally in both the developed and emerging markets. Assets are managed using both internal management and external managers. The Group uses a diverse mix of financial instruments including bonds, equities and derivatives. In addition, the Group is a leader in Responsible Investing actively integrating environmental, social and governance factors into our investment analysis and decision-making.
POSITION DESCRIPTION
The Portfolio Manager plays a key role in a dedicated team of investment professionals with the goal of delivering consistent long-term value-add by developing and managing effective partnership strategies and this team has overall responsibility for:
Externally managed long-only equity portfolio
Externally managed absolute return portfolio
QUALIFICATIONS
Must have:
A minimum of 10 years of experience in managing/overseeing investment mandates in equity and/or absolute return portfolios, including at least 5 years of allocation experience
Familiarity with different portfolio management styles (value, growth, momentum etc.), a wide variety of investment strategies as well as portfolio construction
Bachelor’s degree in finance or equivalent
Excellent interpersonal skills: i.e., a proven ability to build lasting trust-based relationships with a wide variety of stakeholders
Excellent communication skills, both written and verbal
A high level of intellectual curiosity
Preferred:
Master’s degree in finance or equivalent
CFA designation
PRIMARY RESPONSIBILITIES
Develop wide network of potential partners, establish partnerships and negotiate mandates
Source, analyze, select and negotiate terms with long-only equity managers and/or hedge fund investments
Work closely with other teams within BCI to develop partnerships and share opportunities
Contribute towards the plan to build the portfolio
Help manage portfolio construction, including risk management, scenario analysis and implement overlay hedging if appropriate
Assist in the sourcing and initial due diligence of co-investment opportunities with external manager partners
Take a proactive role in relationship management, monitor the portfolio including performance and risk oversight
Be proactive in the evolution of the portfolio to capture market opportunities to create value
Provide leadership and mentoring to junior members of the team involved in partnership investing
COMPETENCIES
Research/Analytical Skills
Effective performers have strong research and analytical skills; they are able to locate and interpret relevant information to produce insights and to provide well thought out recommendations based on a rigorous process of organizing and analyzing data.
Coaching & Mentoring
Effective performers undertake a developmental relationship with junior staff through daily mentoring, coaching and advising. They communicate effectively over a sustained period of time regarding work, career and professional development. They provide coaching focused on skill building, as well as mentoring focused on outlook and developing good judgment. They have an open and honest approach, provide ongoing performance feedback and are effective role models.
Technical Expertise
Effective performers are knowledgeable and skilled in business fundamentals, financial modeling, investment analysis and portfolio management. They add value to the organization by effectively monitoring investments at the portfolio and individual investment level and supporting investment due diligence activities.
Relationship Management
Effective performers understand that a primary factor in success is establishing and maintaining productive relationships. They devote appropriate time and energy to establishing and maintaining networks. They initiate contacts readily and maintain them over time. They are able to capitalize on relationships to facilitate business transactions.