Managed Accounts Supervisor
Top Benefits
About the role
Application Deadline: 10/30/2025
Address: 100 King Street West
Job Family Group: Wealth Sales & Service
Department Overview: Supervision, Support and Governance (SS&G) is responsible for managing the overall risk and governance for BMO Private Wealth. The Managed Portfolio Account (MPA) Supervision team, which is part of the broader SS&G team, provides regulatory oversight for BMO Nesbitt Burns Managed Portfolio Accounts. The MPA Program is an ideal solution for high-net-worth clients who wish to delegate their day-to-day investment decisions to a qualified Portfolio Manager. Supervision of these accounts is a regulatory requirement.
Job description: Working with the Director, Portfolio Management Supervision, other immediate team members and internal partners, the successful candidate has primary accountability to provide quarterly supervision of managed accounts in BMO Nesbitt Burns Managed Portfolio Account (MPA) program and (if licenced as a Portfolio Manager) will act as Direct Supervisor to Associate Portfolio Managers. This individual will also contribute to the ongoing management of the MPA Program, as well as enhance the program to meet the evolving needs of the marketplace and regulatory environment. Additionally, the individual will act as a subject matter expert on MPA program by providing consult to Portfolio Managers and other BMO partners.
The key accountabilities for this role include, but are not limited to:
Supervision of Managed Accounts
- Quarterly review of accounts in the MPA Program to ensure that each managed account conforms to the Client Account Agreement, MPA program investment guidelines and CIRO regulatory obligations.
- Coordinate with Branch Supervision resolution of any issues identified as a part of the quarterly oversight process and escalate issues where necessary.
- Make recommendations regarding the enhancement of the supervisory system for MPA accounts
- Co-present supervision updates and APM/PM candidates to the MPA Operating Committee
- As a member of the broader Supervision, Support and Governance team, support various broader initiatives from time to time.
- Act as Direct Supervisor for Associate Portfolio Managers which includes pre-approving their models (if candidate is PM licenced or eligible to get licenced)
- Other duties as assigned.
Risk Management and Control
- Contribute to the development of long-term strategic planning for the BMO Nesbitt Burns MPA Program
- Together with Director, Portfolio Management Supervision, ensure appropriate supervisory coverage is maintained at all times
- Screen internal applicants applying to get licensed as Associate Portfolio Managers and Portfolio Managers
- Attend MPA Operating Committee meetings to provide supervision updates and present Associate Portfolio Manager and Portfolio Manager candidates
- Facilitate responses to internal and external audit inquiries in coordination with the Director, Portfolio Management Supervision and fellow MPA Supervisors.
- Attend quarterly Portfolio Solutions Committee meetings in order to gain investment insights
- Participate in the annual review of MPA policies, procedures and guidance documents
- Focus on business ethics, regulatory and compliance practices
Coaching and Guidance
- Act as a relationship manager with Portfolio Managers and Associate Portfolio Managers in coaching on various oversight and portfolio modelling matters
- Promote risk awareness and a compliant environment
- Develop communications related to or in support of the MPA program
- Co-facilitate training for newly approved Associate Portfolio Managers and Portfolio Managers
- Provide on-going support and guidance to Branch Supervision teams
Key Interactions
The following internal interactions constitute an integral part of this position:
On-going interactions with Portfolio Managers, Associate Portfolio Managers, Regional Directors of Supervision, Regional Supervision Officers, Branch Supervision Specialists, Market Leaders, and fellow MPA Supervision team members
High level interactions with BMO Private Wealth Senior Leadership Team, and internal partners including Legal, Compliance, Governance, Practice Management, Wealth Learning, Communications, Investment Management Research team and Registrations.
Accountable to Director, Portfolio Management Supervision.
Qualifications / Skills / Experience
- Minimum 5 years experience in wealth management industry
- Strong understanding of portfolio management principles
- Clear understanding of the regulatory environment
- Good knowledge of equity and fixed income markets
- Strong problem-solving and decision-making skills with ability to effectively communicate
- Well organized, and able to execute well in a multi-task environment
- Field experience dealing directly with clients, Investment Advisors and/or Portfolio Managers and their teams
- Highly developed consulting skills
- Excellent interpersonal, communication and persuasion skills (verbal, listening, and writing)
- Solid presentation skills
- Strong proficiency in MS Office applications
- Bilingual (French/English) (preferred but not mandatory).
Specific Educational Requirements / Accreditations
- CFA or CIM designation in good standing (or working towards obtaining these designations)
- CIRO licensed as Portfolio Manager and Designated Supervisor of Managed Accounts or meets the proficiency requirements to apply to get registered in these categories
- University degree or College Diploma in business or related field preferred.
About Desjardins
Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $435.8 billion as at March 31, 2024. It was named one of Canada's Best Employers by Forbes magazine and by Mediacorp. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has some of the highest capital ratios and credit ratings in the industry and the first according to Bloomberg News.
Managed Accounts Supervisor
Top Benefits
About the role
Application Deadline: 10/30/2025
Address: 100 King Street West
Job Family Group: Wealth Sales & Service
Department Overview: Supervision, Support and Governance (SS&G) is responsible for managing the overall risk and governance for BMO Private Wealth. The Managed Portfolio Account (MPA) Supervision team, which is part of the broader SS&G team, provides regulatory oversight for BMO Nesbitt Burns Managed Portfolio Accounts. The MPA Program is an ideal solution for high-net-worth clients who wish to delegate their day-to-day investment decisions to a qualified Portfolio Manager. Supervision of these accounts is a regulatory requirement.
Job description: Working with the Director, Portfolio Management Supervision, other immediate team members and internal partners, the successful candidate has primary accountability to provide quarterly supervision of managed accounts in BMO Nesbitt Burns Managed Portfolio Account (MPA) program and (if licenced as a Portfolio Manager) will act as Direct Supervisor to Associate Portfolio Managers. This individual will also contribute to the ongoing management of the MPA Program, as well as enhance the program to meet the evolving needs of the marketplace and regulatory environment. Additionally, the individual will act as a subject matter expert on MPA program by providing consult to Portfolio Managers and other BMO partners.
The key accountabilities for this role include, but are not limited to:
Supervision of Managed Accounts
- Quarterly review of accounts in the MPA Program to ensure that each managed account conforms to the Client Account Agreement, MPA program investment guidelines and CIRO regulatory obligations.
- Coordinate with Branch Supervision resolution of any issues identified as a part of the quarterly oversight process and escalate issues where necessary.
- Make recommendations regarding the enhancement of the supervisory system for MPA accounts
- Co-present supervision updates and APM/PM candidates to the MPA Operating Committee
- As a member of the broader Supervision, Support and Governance team, support various broader initiatives from time to time.
- Act as Direct Supervisor for Associate Portfolio Managers which includes pre-approving their models (if candidate is PM licenced or eligible to get licenced)
- Other duties as assigned.
Risk Management and Control
- Contribute to the development of long-term strategic planning for the BMO Nesbitt Burns MPA Program
- Together with Director, Portfolio Management Supervision, ensure appropriate supervisory coverage is maintained at all times
- Screen internal applicants applying to get licensed as Associate Portfolio Managers and Portfolio Managers
- Attend MPA Operating Committee meetings to provide supervision updates and present Associate Portfolio Manager and Portfolio Manager candidates
- Facilitate responses to internal and external audit inquiries in coordination with the Director, Portfolio Management Supervision and fellow MPA Supervisors.
- Attend quarterly Portfolio Solutions Committee meetings in order to gain investment insights
- Participate in the annual review of MPA policies, procedures and guidance documents
- Focus on business ethics, regulatory and compliance practices
Coaching and Guidance
- Act as a relationship manager with Portfolio Managers and Associate Portfolio Managers in coaching on various oversight and portfolio modelling matters
- Promote risk awareness and a compliant environment
- Develop communications related to or in support of the MPA program
- Co-facilitate training for newly approved Associate Portfolio Managers and Portfolio Managers
- Provide on-going support and guidance to Branch Supervision teams
Key Interactions
The following internal interactions constitute an integral part of this position:
On-going interactions with Portfolio Managers, Associate Portfolio Managers, Regional Directors of Supervision, Regional Supervision Officers, Branch Supervision Specialists, Market Leaders, and fellow MPA Supervision team members
High level interactions with BMO Private Wealth Senior Leadership Team, and internal partners including Legal, Compliance, Governance, Practice Management, Wealth Learning, Communications, Investment Management Research team and Registrations.
Accountable to Director, Portfolio Management Supervision.
Qualifications / Skills / Experience
- Minimum 5 years experience in wealth management industry
- Strong understanding of portfolio management principles
- Clear understanding of the regulatory environment
- Good knowledge of equity and fixed income markets
- Strong problem-solving and decision-making skills with ability to effectively communicate
- Well organized, and able to execute well in a multi-task environment
- Field experience dealing directly with clients, Investment Advisors and/or Portfolio Managers and their teams
- Highly developed consulting skills
- Excellent interpersonal, communication and persuasion skills (verbal, listening, and writing)
- Solid presentation skills
- Strong proficiency in MS Office applications
- Bilingual (French/English) (preferred but not mandatory).
Specific Educational Requirements / Accreditations
- CFA or CIM designation in good standing (or working towards obtaining these designations)
- CIRO licensed as Portfolio Manager and Designated Supervisor of Managed Accounts or meets the proficiency requirements to apply to get registered in these categories
- University degree or College Diploma in business or related field preferred.
About Desjardins
Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $435.8 billion as at March 31, 2024. It was named one of Canada's Best Employers by Forbes magazine and by Mediacorp. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has some of the highest capital ratios and credit ratings in the industry and the first according to Bloomberg News.