Portfolio Analyst

Requisition ID: 278280 
Employee Referral Program – Potential Reward: $1,000.00  

We are committed to investing in our employees and helping you continue your career at Scotiabank.

Purpose

A non-client facing role that is accountable for the management of large number of investment portfolios for high-net-worth clients on a centralized basis. Working with client facing registrants to ensure that the asset mix and total return meet clients’ short- and long-term income and investment growth goals using central models containing approved securities and the firm’s corporate investment asset mix strategy.

Liaising with Scotia Jarislowski Fraser Portfolio Management teams in the field as necessary to deliver a seamless and efficient client experience by managing cash requirements and ongoing portfolio management for portfolios adhering to the centralized models. while being sensitive to capital gains tax impacts and client driven constraints.

Major Accountabilities 

Provide centralized portfolio management services by:

• Regularly monitoring portfolios to ensure they are in-line with the security and asset mix targets and   rebalancing where appropriate
• Assisting with the development and execution of the various modeling strategies including but not limited to:
• • Model changes
  • Onboarding and realigning new accounts to the central models
  • Handling some special situations, i.e. illiquid positions or non-discretionary components of their portfolios.
  • Cash management activities
• Maintaining the central models on the portfolio accounting system and completing the various field communications and reporting.
• Maintaining our supplemental client/portfolio database

Provide timely support for the Portfolio Manager or Associate Portfolio Manager by:

• Preparing and customization of client portfolio reports and various management reporting
• Identifying areas of risk and opportunities for process improvement.

Ensure a high level of client satisfaction, internally and externally by:

• Proactively identifying and implementing strategies to address client needs
• Preparing communications and various reports in support of investment decisions.
• Ensure compliance with all regulatory requirements, firm policies and accuracy of trading activities 

Contribute to the effective functioning of the Centralized Portfolio Management team by:

• Assisting with various initiatives including technology projects and operational efficiency changes
• Acting as resource for general inquiries from the other departments
• Providing a high level of customer service
• Maintaining a culture of open and honest communication
• 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

Education/Work Experience/Designations

• A University Degree or College Diploma or equivalent
• Strong investment management knowledge and experience as it relates to understanding economic and capital markets
• Minimum 2 years direct industry experience
• Strong interpersonal, communication & listening skills
• Advanced knowledge of Excel, Portfolio Accounting systems, and Python would be an asset
• Enrollment in CFA program is an asset, or
• CIM, or its predecessor CIF, or in process of attaining CIM accreditation
• Demonstrated experience applying AI technologies to enhance efficiency, decision-making, or client outcomes in a financial services environment is an asset

Working Conditions

• Standard office environment with regular exposure to computer usage.
• Significant periods of concentration required to digest large volumes of data pertaining to portfolios, as well as economic and capital markets data

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. 

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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