Application Deadline:

08/27/2026

Address:
100 King Street West

Job Family Group:

Wealth Sales & Service

BMO Nesbitt Burns is seeking a highly experienced investment professional to lead the MPA Supervision Team within BMO Nesbitt Burns.

As Director, Portfolio Management Supervision, you will provide national leadership and oversight for the Managed Portfolio Account (MPA) Program, one of the firm's discretionary portfolio management platforms serving high-net-worth clients. You will lead a team of supervisors and specialists responsible for ensuring the program operates with the highest standards of regulatory compliance, risk management, suitability oversight, and client protection.

This role serves as a key partner to Branch Supervision, Compliance, Governance, Registration, Wealth Learning, and senior business leaders to help shape the future direction of the managed accounts platform while ensuring alignment with evolving CIRO requirements and industry best practices. The successful candidate will play a vital role in supporting the growth, governance and ongoing enhancement of BMO's discretionary portfolio management business.

Key Responsibilities

Leadership & Team Management

• Lead and develop a national team responsible for Managed Portfolio Account (MPA) supervision
• Foster a strong risk management and compliance culture while supporting business growth and advisor development.
• Provide coaching, mentorship and professional development to team members.

Managed Portfolio Account (MPA) Oversight

• Oversee the quarterly supervision program for managed accounts across the MPA platform.
• Act as an escalation point for oversight and other supervisory exceptions.
• Ensure regulatory and internal policy requirements are effectively implemented and monitored.
• Report program trends, risks and supervisory outcomes to senior leadership and governance committees.

Registration & Portfolio Management Supervision

• Support the team with review and vetting of Associate Portfolio Manager (APM) and Portfolio Manager (PM) candidates.
• Support oversight of direct supervision obligations for APMs and supervising PMs.
• Partner with Registration, Compliance and Business Leadership teams regarding regulatory requirements and registration matters.

Training, Coaching & Practice Development

• Support the design and co-facilitate training programs for newly licensed APMs and PMs.
• Provide ongoing coaching, guidance and subject matter expertise regarding portfolio management practices, suitability and fiduciary obligations.

Governance & Strategic Leadership

• Represent Portfolio Management Supervision on the MPA Operating Committee, Managed Accounts Committee and other governance forums as required.
• Collaborate with stakeholders across Supervision, Compliance, Governance, Registration and Wealth Learning to continuously enhance the MPA Program.
• Identify emerging regulatory developments, industry trends and competitive marketplace opportunities and translate them into practical program improvements.
• Contribute to policy development, supervisory frameworks and strategic initiatives impacting discretionary portfolio management services.

Qualifications

Required

• CFA® Charterholder or CIM® designation.
• 5-10+ years of progressive experience within wealth management, portfolio management, supervision, compliance or investment advisory services.
• Strong knowledge of discretionary portfolio management, managed accounts and regulatory supervision.
• Eligible for registration with CIRO as a Supervisor Responsible for the Supervision of Managed Accounts.
• Demonstrated leadership experience, including people leadership, coaching and team development.
• Excellent communication, stakeholder management and influencing skills.
• Proven ability to collaborate across multiple business and control functions.

Preferred

• Registered Portfolio Manager or eligible for Portfolio Manager registration with CIRO.
• Experience working with managed account platforms and discretionary investment programs.
• Previous experience participating in governance committees, regulatory initiatives, or business transformation projects.
• Advanced understanding of suitability, fiduciary obligations, investment policy statements, portfolio construction and wealth management operations.

What You'll Bring

The ideal candidate is a collaborative and strategic leader who combines strong regulatory judgment with practical business acumen. You are passionate about developing people, enhancing client outcomes and strengthening supervisory frameworks. You thrive in complex environments, build strong partnerships across functions, and bring a balanced perspective that supports innovation while maintaining a strong focus on risk management and regulatory excellence.

Join us and help shape the future of discretionary portfolio management and managed account supervision across Canada.

This job posting is for a current vacancy.

Salary:

$89,800.00 - $139,800.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards