Managed Accounts Supervision Specialist, Private Wealth

We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.

Position: Managed Accounts Supervision Specialist
Working with the Director, Portfolio Management Supervision, and other immediate team members, and internal partners, the successful candidate will focus on the investment suitability and oversight of BMO Nesbitt Burns Managed Account programs.

The primary responsibilities for this role include, but are not limited to:

• Complete suitability reviews of new and updated Managed Client Account Agreements.

• Exercises judgment to identify, diagnose, and solve problems within given rules.

• Provides support and guidance to branch supervision employees on supervision issues

• Supports Regional Supervision team with managed account KYC review monitoring

• Support the team with quarterly oversight to ensure that each managed account conforms to the account’s Client Account Agreement (“CAA”) investment guidelines, managed account programs and regulatory obligations.

• Coordinate resolution of any issues identified as a part of the daily and quarterly oversight process and escalate issues where necessary.

• Act as a relationship manager with Branch Supervision and Investment Advisors/Portfolio Managers in coaching on various suitability related and oversight matters.

• Support branch supervision to ensure Client Account Agreements and Investment Policy Statements are reviewed and updated as required.

• Help facilitate responses to inquiries for internal and external audits in coordination with the Director, Portfolio Management Supervision.

• As a member of the broader Supervision, Support and Governance team you will need to support various broader initiatives from time to time.

• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.

• Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences.

• Performs supervision activities to meet regulatory requirements and maintain service level standards.

• Builds effective relationships with internal stakeholders.

• Follows through on risk and supervision processes and policies to ensure we safeguard our customers’ assets, maintain their privacy, act in their best interests, and ensure an effectively run function.

• Protects the Bank's assets and complies with all regulatory, legal and ethical requirements.

• Identify and recommend process improvements.

Qualifications:

• Chartered Investment Manager (CIM) or Chartered Financial Analyst (CFA) designation is required.

• Registered with CIRO as Supervisor responsible for supervision of managed accounts – or eligible to request registration.

• Minimum 3-5 years of experience with managed accounts

• Post-secondary education in related field of study or an equivalent combination of education and experience.

• Technical proficiency gained through education and/or business experience.

• Strong analytical skills in working with MS Excel

• Ability to work independently and with minimal guidance

• Thorough and detail-oriented

• Excellent organizational, interpersonal, written and verbal skills

• Ability to work under time constraints in high volume situations

• Flexible, team player

• General knowledge of all supervision and industry regulations

• Verbal & written communication skills

• Collaboration & team skills

• Analytical and problem solving skills

• Influence skills

• Data driven decision making.

• While the primary location for the role is Toronto, there is flexibility to work form an office within other regions in Canada.