Job Board

Portfolio Manager, Equity ETFs

Company:
BMO GAM
Location:
Toronto, ON
Posting Closing Date:
December 12, 2021
Employment Type:
Full-time
Contract Type:
Permanent
Job Description:

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 equity and derivative-overlay ETF strategies, and will be responsible for management of non-indexed ETFs across Canadian and International mandates. The portfolio manager's responsibilities will include, but are not limited to, portfolio management of equity and derivative based ETFs, derivatives trading, modelling and implementing equity rebalances, product design, and interacting with market participants. In addition to portfolio management responsibilities, the successful candidate will also contribute to client focused commentary, performance and attribution analysis, as well as taking part in client presentations, to support the overall ETF product offering within BMO GAM.

Job Responsibilities:

Investment Management - Non-Index ETF

  • Responsible for the day to day management of a defined set of equity and derivatives-based ETFs Responsible for modelling and trading equity option trades based on market dynamics, taking into account the overall pricing of the volatility market, and company and macro risks
  • Maintain and review equity models and identify opportunities to improve them
  • Maintain knowledge and understanding of marketplace dynamics, including sources of ETF, equity, and option liquidity
  • Build a trading strategy for any fund rebalances and portfolio transitions to minimize market impact and tracking
  • Collaborate with equity trading desk to effectively plan equity rebalances required
  • Monitor corporate actions and decide on best course of action
  • Currency Hedging - Support the team during monthly hedge roll adjustments
  • 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 Support broader equity ETF portfolio management team by backing up on other index-based or institutional mandates as needed
  • Periodic investment commentaries to support both business development, as well as regulatory requirements

Trading - Derivatives

  • Facilitate equity options, futures, OTC derivatives trading across multiple geographic regions
  • Work with other portfolio managers to coordinate and execute derivative trades
  • Maintain contacts and knowledge of the equity option and other derivative marketplaces
  • Continuously improving the operational efficiencies of the PM/Trading process

Sales/Client Service

  • 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, through delivery of timely and insightful commentary, support and ETF analysis
  • 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

Research/Investment Commentary

  • Maintain a high level of knowledge of Equity and Derivative markets
  • Provide investment analysis and commentary to the portfolio management and sales teams
  • Provide investment analysis on new product launches
  • Write commentaries and regulatory disclosure documentation

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

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
Qualifications:

Knowledge

  • University graduate in Commerce, Business, Engineering, Mathematics or Economics and may have a post graduate degree
  • CFA Charterholder, CIM, or working towards
  • A minimum 5-10 years of investment industry experience, with at least 3-5 years of direct investment experience, buy side or sell side
  • Equity derivatives experience is an asset, including options licensing
  • Experience in macroeconomic research and a familiarity with writing regular commentaries and strategy reports
  • Excellent working knowledge of global financial markets, investment management, products and marketing
  • Proven track record of active equity, derivatives and deep knowledge of these markets

Skills

  • Possess exceptional interpersonal, verbal, written and presentations skills
  • Possess strong quantitative and technology skills
  • Possess strong excel skills (VBA and/or other coding skills are not required but seen as an asset)
  • Collaboration & team skills - in-depth
  • Analytical and problem solving skills - In-depth
  • Influence skills - In-depth Banking Group Specific Information
How to Apply:

https://bmo.wd3.myworkdayjobs.com/External/job/toronto-ON-CAN/Portfolio-Manager---Equity-ETFs_R210001775