Portfolio Manager – Fixed Income ETFs

Job Purpose:

• The Portfolio Manager will join an experienced and dynamic team that builds and manages exchange traded funds (ETFs), mutual funds and institutional mandates, along with managing one of the largest option overlay strategies in Canada
• This role will focus on fixed income ETFs and will be responsible for analysis and management of both indexed and non-indexed ETFs, mutual funds, and institutional strategies across Canadian and international mandates.

Your Responsibilities:

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 minimizing 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)

• Serve as a research aid in the idea generation process to help develop and build in-house strategies
• Key point person for building economic analysis for new funds, as well, creating sales support materials
• Aid in communicating each investment strategy to sales team and clients
• Aid in the analysis of performance and investment decisions to defend to senior investment committee

• 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

• 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

• 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)

• 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 and presentations
• 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

• 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.

Skills and Qualifications:

• University graduate in Commerce, Business, Engineering, Mathematics or Economics; a post graduate or Master’s degree are strong assets
• A CFA Charterholder or working toward a CFA Charter or CIM
• At least 8 years of experiences in the Investment industry with a thorough knowledge of the Canadian Mutual Fund Industry; specifically minimum 4 years of experiences in external client and industry facing activities
• Experience in macroeconomic research and a familiarity with writing regular commentaries and strategy reports

• Possess strong written and presentations skills with an ability to identify with and present to diverse audiences internally and externally
• Possess strong excel skills
• Strong analytical and research skills
• Well-developed relationship management skills with experience in managing business relationships in a financial institution
• Effective time management skills with an ability to prioritize various projects
• The ability to multi-task and manage resources effectively is critical.

Source: for more information click here.