Scotiabank

Scotia Jarislowsky Fraser Portfolio Manager, CRIA - Toronto

Scotiabank • $90K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • University Degree in Business, Economics, Accounting, or Finance
  • CFA or CIM Designation required; CAIA is a plus
  • Proficiency in Mandarin or French is a strong asset
  • 5+ years of direct experience in discretionary investment management
  • Currently registered as an Advising Representative (AR) or eligible for registration
  • Strong relationship management and communication skills
  • Advanced knowledge of MS Office and Salesforce

Responsibilities

  • Manage investment portfolios to align with client goals and risk tolerance
  • Conduct KYC processes to understand client needs and develop asset allocation models
  • Collaborate with Portfolio Management group to advise on strategic asset allocations
  • Monitor and actively manage client financial plans and wealth strategies
  • Engage in ongoing wealth conversations and identify new business opportunities
  • Provide mentorship and guidance to Wealth Associates and Wealth Managers
  • Ensure compliance with regulatory standards and internal procedures

Benefits

  • Opportunities for professional development and mentorship
  • Collaborative work environment with a focus on communication and teamwork
  • Access to a diverse range of financial products and services
  • Participation in annual Financial Plan review processes
  • Support in achieving investment management registration and career development
Full Job Description
Requisition ID: 264724

Purpose Of Job

This position is a trusted advisor of private wealth services and acts as registrant in the management of investment portfolios by ensuring asset mix and total return meet client's short- and long-term income and investment growth goals, using approved securities and following corporate investment strategies.

Work closely with Scotia Jarislowsky Fraser (SJF)Wealth Managers and Wealth Associates to manage client relationships. Fulfill the role as the investment expert in relationship, assessing clients' investment needs, setting appropriate investment objectives and ensuring accurate implementation and monitoring of portfolios (KYC / KYP and determining suitability).

Provide mentorship and guidance to Wealth Associates and Wealth Managers on their career development journey towards registration and help them develop their relevant investment management experience.

Major Accountabilities

1. Portfolio Management:
  • Utilizing the KYC process and Investment Profile Questionnaire (IPQ) to develop an in-depth understanding of client's needs and determining the appropriate asset allocation model based on needs, risk tolerance and objectives
  • Recommending an appropriate investment asset mix aligned with life goals, income needs, return expectations and risk tolerance that fulfills client objectives
  • Collaborating with the Centralized Portfolio Management group and using defined investment management processes to communicate advice to clients on their strategic asset allocation, models and underlying investment portfolio
  • Regularly monitoring client investment portfolios
  • Actively managing the client's Financial Plan and wealth strategy and participating in the client's annual Financial Plan review process
  • Developing and executing upon strategies to address unique situations including but not limited to:
    • Transition of new accounts to central models
    • Accounts with must hold or illiquid positions
    • Unique IPS or Investment Objectives
    • Non-discretionary accounts
  • Staying abreast of changes to the central models and connecting with the Wealth Advisor to discuss affects to client's portfolio and stated objectives• Developing mock meetings and practice for WA recommendations of appropriate investment asset mix aligned with life goals, income needs, return expectations and risk tolerance that fulfills client objectives


2. Client Relationship Management
  • Working collaboratively with the Wealth Manager to satisfy client needs
  • Conducting ongoing wealth conversations with clients, developing and sustaining an intimate and ongoing understanding of client life goals, circumstances and wealth needs
  • Providing life-based wealth advice and solutions, focusing on enabling client goals
  • Based on an intimate understanding of their clients' situation, identifying and capitalizing on new business opportunities throughout the lifecycle of client relationships
  • Consistently delivering the desired client experience during all client interactions
  • Using strong knowledge of the Bank's, Scotia Private Client Group and Private Investment Counsel diverse products and services, to ensure the client's needs are well understood, documented and satisfied
  • Partnering with all internal product/service business partners, as required ensuring client needs are met
  • Monitoring of client accounts to ensure optimal profitability is maintained in each relationship


3. Contribute to the effective functioning of the Centralized Portfolio Management team by:
  • Building effective working relationships across the team and with various business line and corporate function contacts
  • Maintaining a high level of customer service
  • Facilitating a culture of open and honest communication
  • Actively participating and contributing to touch bases and team meetings
  • Encouraging the generation of new ideas and approaches
  • Actively share knowledge and experience to enhance the development of all team members
  • Developing and executing a meaningful employee development plan


4. Risk Management/Compliance
  • Maintaining awareness and ensuring compliance/adherence to all procedures, regulatory activities and guidelines including Privacy, Anti-Money Laundering, Anti-Terrorist Financing, FCAC, Know your Client, Occupational Health & Safety and Guidelines for Business Conduct
  • Minimizing the Bank's overall exposure to risk
  • Maintaining client portfolios in accordance with established firm strategy which includes, utilizing the Central Portfolio Models and pools, focusing on client segmentation and client's risk appetite
  • Ensuring the suitability of wealth and investment recommendations and alignment with clients' financial goals, objectives and risk levels
  • Adhering to bank and firm standards, policies and business practices to ensure that Private Client Counsel is meeting the appropriate regulatory and compliance requirements as they relate to both new and existing accounts
  • Escalating, documenting and reporting any unusual occurrences, suspicious or fraudulent activities, as per established procedures


Education/Work Experience/Designations
  • University Degree (Business, Economics, Accounting, Finance)
  • CFA or CIM Designation Required, CAIA Designation is an asset
  • Proficiency in Mandarin or French is considered a strong asset for this role.
  • Currently registered as an Advising Representative (AR) or must meet the regulatory requirements to be registered with the appropriate securities commissions
  • Minimum 5 years direct experience in discretionary investment management, covering both financial analysis and managing portfolios (individuals, estates, trusts, pension plans, foundations, registered accounts), with an expert understanding of investment returns, potential risks and the associated tax implications
  • Thorough investment management know-how and depth of experience, as it relates to understanding economic and capital markets data in order to describe the firm's investment strategy to partners and clients
  • Strong relationship management skills
  • Strong interpersonal and communication skills
  • Advanced knowledge of MS Office, Salesforce, knowledge of Mpower


Functional Competencies:
  • Thorough investment management know-how and depth of experience required as it relates to understanding economic and market data in order to describe the firm's investment strategy to partners and clients
  • Strong ability to explain financial and wealth strategies and concepts integrated with firm-wide investment strategies
  • Expert relationship management skills
  • Strong communication and influencing skills
  • Results/Goal achievement oriented
  • Self- motivated and disciplined
  • Executes with Integrity


#SWM

Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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