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Managed Accounts Supervision Specialist
| Company | Bank of Montreal |
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| Location | Toronto, ON, Canada |
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| Salary | $50900 – $94800 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Mid Level, Senior |
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Requirements
- Chartered Investment Manager (CIM) or Chartered Financial Analyst (CFA) designation
- Registered with CIRO as Supervisor responsible for supervision of managed accounts – or eligible to request registration
- Minimum 3-5 years of experience with managed accounts
- Post-secondary education in related field of study or an equivalent combination of education and experience
- Technical proficiency gained through education and/or business experience
- Strong analytical skills in working with MS Excel
- Ability to work independently and with minimal guidance
- Thorough and detail-oriented
- Excellent organizational, interpersonal, written and verbal skills
- Ability to work under time constraints in high volume situations
- Flexible, team player
- General knowledge of all supervision and industry regulations
- Verbal & written communication skills
- Collaboration & team skills
- Analytical and problem solving skills
- Influence skills
- Data driven decision making.
Responsibilities
- Complete suitability reviews of new and updated MPA Client Account Agreements.
- Exercises judgment to identify, diagnose, and solve problems within given rules.
- Provides support and guidance to branch supervision employees on supervision issues.
- Supports Regional Supervision team with managed account KYC review monitoring.
- Support the team with quarterly account oversight review of all MPA accounts in the MPA Program to ensure that each managed account conforms to the account’s Client Account Agreement (“CAA”) investment guidelines, MPA program and regulatory obligations.
- Coordinate resolution of any issues identified as a part of the daily and quarterly oversight process and escalate issues where necessary.
- Act as a relationship manager with Branch Supervision and MPA Advisory Teams in coaching on various suitability related and oversight matters.
- Oversee the tracking process to ensure Client Account Agreements and Investment Policy Statements are reviewed and updated annually.
- Point of contact for internal auditors and facilitates responses to inquiries for external audits in coordination with the Director, Portfolio Management Supervision and fellow MPA Supervisor colleagues.
- As a member of the broader Supervision, Support and Governance team you will need to support various broader initiatives from time to time.
- Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
- Provides input into the planning and implementation of operational programs.
- Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences.
- Performs supervision activities to meet regulatory requirements and maintain service level standards.
- Builds effective relationships with internal stakeholders.
- Follows through on risk and supervision processes and policies to ensure we safeguard our customers’ assets, maintain their privacy, act in their best interests, and ensure an effectively run function.
- Protects the Bank’s assets and complies with all regulatory, legal and ethical requirements.
- Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
- Identify and recommend process improvements.
- Broader work or accountabilities may be assigned as needed.
Preferred Qualifications
- Flexibility
- Team player
- Strong communication skills
