Portfolio Analyst/Manager – Managed Accounts, Macquarie Private Wealth

Location: Toronto, ON

The Macquarie Banking & Financial Services Group (BFS) is creating a team of the most respected professionals in the industry as it strives towards its goal of becoming one of the leading providers of financial products, services and advice to Canadians.  To support its growth in North America, Macquarie Private Wealth is seeking a results-driven individual to assume the position of Portfolio Analyst/Manager for its Managed Accounts.

Reporting to the Chief Investment Office the Portfolio Analyst/Manager will be responsible for implementing and administering the organization's supervisory and account review process for all discretionary managed client accounts of registered portfolio managers and associate portfolio managers, and supporting the portfolio management function. 

The successful candidate will be responsible for:

o  Collecting and compiling portfolio holding summaries, asset mix summaries, performance summaries and transaction history for all discretionary managed accounts, as well as corresponding client objectives and risk information on a regular quarterly basis.

o  Screening managed accounts based on established metrics for adherence to internal managed account policies, legal and regulatory requirements, as well as appropriate and professional portfolio management practices.

o  Screening managed accounts for adherence to constraints and limitations established in the Investment Policy Statement (IPS), as well as assessing the appropriateness, suitability and effectiveness of investment strategies implemented in pursuit of agreed upon client objectives and risk tolerance.

o  Assisting portfolio managers and associate portfolio managers with the development and maintenance of Investment Policy Statements. 

o  Ensuring consistency of information contained in Investment Policy Statements with the objectives and risk tolerance specified in the New Account Application Forms (NAAF).

o  Assisting the CIO in assessing the general appropriateness of portfolios and activities conducted within managed accounts to the specific objectives and risk tolerance agreed upon with the client.

o  Implementing a follow-up process and procedures with individual portfolio managers and associate portfolio managers to address issues and/or concerns resulting from advisor and account reviews.

o  Creating plans for corrective action as required to rectify issues or findings deemed material by the CIO, vis-a-vis individual managed accounts, and/or advisor actions.

o  Documenting individual portfolio reviews and creating an audit trail of the processes implemented for internal and regulatory audit.

o  Assisting the CIO in drafting and modifying policies affecting the managed accounts platform, and writing bulletins and memos on various topics of platform concern.

o  Participating on the Managed Accounts Investment Committee and adding value through input on policy and management decisions affecting discretionary managed accounts.

o  Becoming a resource expert on Macquarie Private Wealth's portfolio management and trading systems; assisting advisors with system use and facilitating application training support.

o  Assisting the CIO with administrative responsibilities involved with the new accounts approval process, and preparing/assessing advisor applications for approval to the managed accounts program.

o  Assisting with other initiatives and priorities as deemed relevant by the CIO.

Core Competencies:

•  Self-starter;

•  Attention to detail;

•  Excellent oral and written communications skills;

•  Excellent organization skills and time management abilities;

•  Ability to operate in a fast paced environment and meet strict deadlines;

•  Good familiarity with investment terms and concepts;

•  Good understanding of general portfolio management principles and theory;

•  Experience and proficiency with Microsoft Excel, Word and PowerPoint.

Requirements:

•  Undergraduate university degree in a business related field of study (i.e. commerce, economics);

•  2-5 years experience in the investment industry;

•  Completion of the Canadian Securities Course (CSC) and ideally the CIM designation;

•  Enrollment in or completion of Level I of the CFA program would be an asset;

•  General understanding of the legal and investment regulatory environment in Canada would be an asset.