Associate Portfolio Manager - CIBC Asset Management - Montreal - Bilingual

at  CIBC

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit
CIBC.com
What you’ll be doing
CIBC Asset Management Inc., is one of Canada’s largest asset management firms with over $227 billion in assets under management. We are leaders in providing a broad range of high-quality global investment management solutions to retail and institutional clients.
At CIBC Asset Management, our goal is to help our clients achieve what matters to them. Our philosophy is based on the CIBC values of Trust, Teamwork, and Accountability and we achieve results for our clients through an in-depth disciplined investing approach based on rigor and research.
Our assets include those under institutional money management for pension funds, endowments and insurance funds, private wealth management, and those that are part of the CIBC family of mutual funds such as CIBC Mutual Funds and Renaissance Investments family of funds and the CIBC family of managed portfolio solutions such as Managed Portfolio Services (MPS), Personal Portfolio Services (PPS), Frontiers Pools and Axiom Portfolios. CIBC Asset Management (CIBC AM) is part of the CIBC Wealth Management group.
Under the direction of the Portfolio Manager, Currency Management, the incumbent is responsible for participating in portfolio management activities in the currency management team that sits within the broader CIBC Asset Management Multi-Asset and Currency Management group.
As part of the Global Sovereign and Currency unit, the Associate Portfolio Manager (APM) makes a significant contribution to the portfolio management of our active currency mandates. Drawing from our internal quantitative research capabilities and complemented by our internal fundamental research, the APM will take an important role in the research efforts, portfolio construction, implementation and monitoring of these mandates. Their research and portfolio management conclusions are shared with the Portfolio Manager for consideration and potential implementation into client portfolios.
The incumbent will have specific accountability for conducting analysis, research and development into the determinants of currency returns. This role requires continuous collaboration with, and provision of impactful insights to, the currency Portfolio Manager with the objective of significantly contributing to the achievement of currency portfolio performance objectives.
At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How you’ll succeed

• Portfolio Management - Under the supervision of the Portfolio Manager, Currency Management, the APM will generate strategy ideas and support the portfolio management process for all currency portfolios in accordance with the established investment processes. Actively participate in managing the portfolios. This includes: regular review of quantitative model output; monitoring of economic and market events; evaluating Fundamental Analysts’ research and recommendations. Consider all relevant information to evaluate the implications for portfolio strategies and assess the actions required in portfolios. Actively participate in portfolio construction. This includes: advancing the discipline of risk budgeting/management to support the Portfolio Manager; constructing a portfolio management review that incorporates all elements of the investment process to guide portfolio management discussions and meetings. Actively participate in operational portfolio implementation. This includes: the effective maintenance of the proprietary CIBC AM Target Management System; coordination with CIBC AM currency traders to ensure smooth portfolio implementation.
• Investment Research - In collaboration with the fundamental research team, perform ad-hoc research projects to support the team’s understanding of the global macro environment, leading to a better understanding of the outlook for currencies. Help guide the process that leads to relevant research topics and generate implementable recommendations. Track analyst discussions and make sure that analysts have reviewed all currencies within the currency investment universe over an appropriate period of time. Active participation in discussions surrounding the team’s quarterly macro-economic forecast sessions to provide insights, challenge conclusions, and interpret portfolio implications.
• Process Enhancements and Business Developments - In collaboration with various teams, lead impactful research & development for enhancing the currency investment process. This includes: working with the Multi-Asset & Currency Management quantitative research team on various research projects; identifying research ideas and creating working models for potential integration into investment process; working to upgrade existing portfolio management systems; and data warehousing. Provide support to the Global Distribution team in its Business Development and client servicing activities. This includes contributing to currency-related client presentations and responding to ad-hoc data requests, charts and tables supporting the team’s views.

Who you are

• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it’s the right thing to do. Capacity to promote CIBC’s image both internally and externally. The position requires periodic travel.
• You’re a certified professional. You have current accreditation and good standing with the CFA designation. Masters in Economics or Finance or related field.
• You can demonstrate experience and strong understanding of economic relationships and factor models as they relate to financial markets including currency, equity, and fixed income markets. Minimum 5 years in the investment management industry with broad exposure to macro-economic analysis.
• Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise. The incumbent is expected to collaborate with a wide range of colleagues across the CIBC network, including: Portfolio Managers, Analysts and researchers, in multi-asset, fixed income and equity, Total Investment Solutions, Client Portfolio Managers, Business development and client servicing teams (Institutional, Advisors, and Asset Specialists), Middle office, Traders, Business Controls, Investment Controls, Global Operations, Wealth Management Technology, Wealth Management Compliance, External clients.
• You look beyond the moment. You know what you do will make a difference today and tomorrow. You look for new opportunities to define what’s possible. Autonomy, initiative, sense of responsibility and organizational skills. Capacity to meet deadlines and to work under pressure. Ability to work with highly educated and skilled analysts.
• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
• You’re fluent in French and English to serve our clients in the community.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program, defined benefit pension plan, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
• Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact

Mailbox.careers-carrieres@cibc.com

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location
Trader-1000 Gauchetière O
Employment Type
Regular
Weekly Hours
37.5
Skills
Capital Markets, Currency Management, Financial Markets Research, Forecasting Planning (Inactive), Market Forecasts, Market Research, Monetary Policy, Portfolio Management, Risk Assessment

Please refer the Job description for details