Associate Portfolio Manager - Fixed Income ETFs - BMO Global Asset Management

at  BMO Financial Group

100 King Street West Toronto Ontario,M5X 1A1
The Associate Portfolio Manager will join an experienced and dynamic team that builds and manages exchange traded funds (ETF), mutual funds and institutional mandates. The role will focus on fixed income ETFs and will be responsible for analysis and management of indexed ETFs, mutual funds, and institutional strategies, across Canadian and international mandates. The portfolio manager’s responsibilities will include, but are not limited to, trading and execution, regular economic commentaries, corporate actions, rebalances, idea generation and product engineering, and interacting with market participants/liquidity. 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.

Key Dimensions

• Investment Management - Index ETF and Passive Institutional Strategies Investment Management
• Trading and Execution
• Custom Solutions Research
• Economic Commentary
• Client Service
• Risk Management & Compliance

Accountabilities

Investment Management – Index ETF and Passive Institutional Strategies

• Responsible for the day to day management of a defined set of fixed income ETFs.
• Ensure each ETF tracks their respective index within allocated tolerance.
• Monitor corporate actions and decide on best course of action.
• Build a trading strategy for any fund rebalances and portfolio transitions to minimize market impact and tracking
• Currency Hedging – Support the team during monthly hedge roll adjustments.
• Responsible for trading multiple asset classes (fixed income, preferred shares and derivatives).
• Aid in the analysis of performance and investment decisions to defend to senior investment committee.

Trading and Execution Fixed Income

• Facilitate fixed income trading across multiple fixed income products i.e. Government, investment grade, high yield and derivative instruments.
• Work with other portfolio managers to generate and execute fixed income trade lists
• Provide detailed post trade analysis on all fixed income trades
• Conduct liquidity analysis on several segments of the fixed income market (CAN,US, Corporate, Government, Provincial)
• Continuously improving the operational efficiencies of the PM/Trading process

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

Research/Economic Commentary

• Maintain a high level of knowledge of the Canadian and international fixed income markets
• Provide economic analysis and commentary to the portfolio management and sales teams
• Provide economic analysis on new product launches
• Review and help improve index methodologies by working with index providers
• Write commentaries and regulatory disclosure documentation

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.
• 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.

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.

Knowledge:

• University graduate in Commerce, Business, Engineering, Mathematics or Economics and may have a post graduate degree.
• CFA Charterholder or working toward CFA Charter
• A minimum 5 years of direct investment experience, buy side or sell side.
• Experience in macroeconomic research and a familiarity with writing regular commentaries and strategy reports

Skills

• Strong attention to detail
• Process driven
• Computer Programing (specifically, Python and VBA) are considered a strong asset
• Ability to make decisions under pressure
• Ability to excel in a team based environment
• Possess strong excel skills
• Possess strong written and presentations skills

Please refer the Job description for details