investment manager
Title posted on CareerBeacon -
Supervising Portfolio Manager - Centralized Investment Advisory (CRIA) - Toronto
Posted on
September 17, 2024
by
Employer details
Scotiabank
Job details
Requisition ID: 206771Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Purpose of Job: This position is a trusted advisor of private wealth services and acts as registrant supervising Associate Advising Representatives (AAR) nationally within Private Investment Counsel. Works closely with PIC Associate Advising Representative (AAR registrants) to manage relationships. Fulfill role as the investment expert in relationship, and supervising the assessment of clients' investment needs, the setting of appropriate investment objectives and ensuring accurate implementation and monitoring and approving advice provided by the Associate Advising Representative. Major Accountabilities: Portfolio Management: Supervising the know your client (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 Supervising and approving AAR recommendations of appropriate investment asset mix aligned with life goals, income needs, return expectations and risk tolerance that fulfills client objectives Training and onboarding of new AARs Regularly monitoring the annual review process, client investment portfolios to ensuring suitability Supervising the development and execution of strategies and collaborate with the AAR to address unique situations including but not limited to: Transition of new accounts to central models Accounts with client directed holds or illiquid positions Unique IPS or Investment Objectives Non-discretionary accounts Staying abreast of changes to the central models and connecting with the AAR to discuss effects to client's portfolio and stated objectivesClient Relationship Management Working collaboratively with the AAR to satisfy client needs Supervise and approve advise prior to advice given in conversations with clients Ensure that the AAR is consistently delivering the desired client experience during all client interactions within the regulatory framework Within the regulatory framework, support the AAR in business development, growth and consolidation efforts with clients and prospects Using strong knowledge of Scotia Wealth Management's diverse products and services, to ensure the client's needs are fulfilled, while providing oversight of the AAR within the regulatory environment (KYC/KYP/Suitability)Contribute to the effective collaboration of key Scotia Wealth Management Stakeholders: Building effective working relationships across teams and with various business lines 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 planRisk 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 Supervising the maintenance of client portfolios in accordance with established firm strategies which include, utilizing the Central Portfolio Models and pools Supervising 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 pr
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LocationToronto, ON
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Workplace information
On site
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SalaryNot available
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Terms of employment
Permanent employmentFull time
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Starts as soon as possible
- vacancies
1 vacancy
- Source
CareerBeacon
#2112333
Advertised until
2024-10-16
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