Purpose

Contributes to the overall success of the Pooled Investment Vehicles team within Global Investment Solutions (“GIS”), ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the team’s and broader GIS business strategies and objectives. Ensures all activities conducted in adherence with governing regulations, internal policies, and procedures.

Responsible for providing timely investment advice, direction and thought leadership across GIS, the Pooled Investment Global Knowledge Centre (“PIV GKC”) and Global Wealth Management (“GWM”) with a focus on the mutual fund and ETF investment universe for Canadian investors. Assist with asset allocation and portfolio strategy decisions in relation to these products.

Accountabilities

• Champions a client-driven culture and partners across Scotiabank’s global footprint to leverage resources to deepen Client engagement.
• Deliver strong risk-adjusted outcomes for investment advisors, relationship managers and clients, adjusting strategies and processes as necessary to optimize performance.
• Contribute to the effective functioning of the Pooled Investments team through due diligence on Canadian-based mutual funds, ETFs, and alternative mutual funds to protect Scotiabank, GWM, its investment advisors, and Scotia clients.
• Conduct regular reviews of third-party managers, as well as conducting primary research (quantitative and qualitative) on Canadian pooled investment vehicles and stay abreast of capital market developments, news, and industry trends with a view to communicating relevant findings.
• Determine best-in-class pooled investment solutions and a framework in collaboration with key partners to service high/ultra-high net worth clients.
• Support a suite of preferred pooled investments by monitoring the pooled investment landscape, global trends, along with advisor and client needs and ensure global fulfillment solutions continue to meet GIS selection criteria.
• Establish and monitor model portfolios consistent with the strategic and tactical asset allocation models established by GIS and preparing written rationales for updates/changes as part of the ongoing monitoring obligations.
• Develop and maintain relationships with fund manufacturers to facilitate the flow of information to advisors to meet ongoing product monitoring and Know Your Product obligations.
• Support GWM advisors by conducting client portfolio reviews for existing client accounts and participate in the creation of portfolio proposals incorporating pooled investments to attract new business. Respond to ad hoc advisor requests with qualified and value-added ideas and opinions to educate advisors about the product/service offering of the Pooled Investment Vehicle team, including participation in branch visits, conference calls, and client presentations.
• Support the implementation of a GIS framework for pooled investments. Partner and collaborate across GWM with internal distribution and asset management teams to align product fulfillment options with a pan-wealth perspective.
• Understand how the Bank’s risk appetite and risk culture should factor into day-to-day activities and decisions.
• Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

Education / Experience

• Minimum 5 years of finance-related experience
• An understanding of Investment Funds/Alternative Assets/ETFs with three years of fund research/manager research experience
• Post-secondary degree required (Commerce or Business Administration degree preferred)
• CFA or CAIA charter holder or candidate for the designation is preferred.
• Experience with Morningstar Direct, Bloomberg, MS Office, and VBA programming language
• Strong skills in analytics; written and verbal communication; relationship building; self-management; and diligence.
• Professional integrity