100 King Street West
Job Family Group:
The portfolio manager will join an experienced and dynamic team that builds and manages exchange traded funds (ETF), mutual funds and institutional mandates, along with managing one of the largest option overlay strategies in Canada. The role will focus on fixed income ETFs and will be responsible for analysis and management of both indexed and non-indexed ETFs, mutual funds, and institutional strategies, across Canadian and international mandates. 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 contribute to the overall business development of the global exchange traded fund business within BMO GAM.
Investment Management - Index ETF and Passive Institutional Strategies Investment Management - Non-Index ETF Investment Management - Custom Solutions Research/Economic Commentary Trading and Execution Sales/Client Service Risk Management & Compliance
Investment Management – Index ETF and Passive Institutional Strategies
Responsible for the day to day management of a defined set of fixed income ETFs.
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).
Investment Management – Non-Index ETF
Serve as a research aid in the idea generation process to help develop and build in-house strategies
Key point person for building economic analysis for new funds, as well, creating sales support materials
Aid in communicating each investment strategy to sales team and clients
Aid in the analysis of performance and investment decisions to defend to senior investment committee.
Investment Management – Custom Solutions
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
Trading and Execution Fixed Income
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
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.
Risk Management & Compliance
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, 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.
Experience in macroeconomic research and a familiarity with writing regular commentaries and strategy reports
Possess strong written and presentations skills
Possess strong excel skills (VBA and/or other coding skills are not required but seen as an asset)
We’re here to help
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.
To find out more visit us at https://bmocareers.com .
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.