Job Information
Scotiabank Director, Pooled Investment Vehicles in Toronto, Ontario
Director, Pooled Investment Vehicles
Requisition ID: 205694
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Director, Pooled Investment Vehicles
Location: Global
Purpose
Responsible for providing timely investment advice and value-added pooled investment vehicles (e.g. mutual funds, ETFs, alternative investments, etc) recommendations to relationships managers across key Global Wealth Management distribution channels.
Contributes to the overall success of the Product Services Group, which manages global risk ratings and the product shelf, to ensure key initiatives are executed in support of the team’s business strategies and objectives. Ensures all activities conducted to comply with governing regulations, internal policies, and procedures.
Accountabilities
Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
Lead the design and implementation of a Global Wealth Management framework for pooled investment vehicles. Partner with internal distribution and asset management teams to align asset allocation, portfolio strategy, and product fulfillment options with a pan-wealth perspective.
Responsible for the effective functioning of the Investment Funds team through due diligence on pooled investment vehicles, including:
Conduct primary research (quantitative and qualitative) and due diligence of alternative funds, offshore funds, and ETFs.
Support management of mutual funds, offshore funds, and ETF recommended lists and guided portfolios to ensure positions continue to meet GPAG’s selection criteria
Provide advisory support by providing recommendations, conducting client portfolio reviews for existing clients, and portfolio proposals to attract new business.
Understand how Scotiabank’s risk appetite and risk culture are implemented in day-to-day activities and monitor investment options with a focus on product risk to anticipate any areas of concern.
Review third-party research pertaining to regulatory developments and assess the implications for Global Wealth and investment advisors
Communicate changes to advisor channel, Sales Management, Compliance, and other business lines
Perform due diligence on New/Complex/Exempt Products
Perform due diligence and analysis on exempt products (hedge funds, private assets, other Offering Memorandum products)
Review new product categories and due diligence on new issuers of approved product categories
Prepare internal due diligence reports and seek approval for new exempt products to the appropriate committees within Global Wealth Management
Monitor exempt offerings to ensure products and managers continue to meet qualification standards.
Maintain an internal database of approved Exempt Products and alternative Mutual Funds
Support the management of the alternative asset recommended list by monitoring the universe of alternative products approved by Scotia Wealth, and preparing written rationales for updates/changes to alternatives lists
Provide support to investment advisors through assessments of alternative products from an operational due diligence and product/investment strategy perspective.
Perform quarterly operational due diligence for exempt offerings on the PIC platform and prepare and present oversight results to the appropriate committee within Scotia Wealth
Dimensions
All wealth distribution channels within GWM (Canada, Mexico, Chile, Peru, Columbia, Jamaica, CCA)
Knowledge of pooled investment vehicles in key markets
Supports >1,000 relationship managers and >$200B in assets across GWM with PIV research
Education / Experience / Other Information
Minimum 10 years of finance-related experience
An understanding of Investment Funds/Alternative Assets/ETFs with five years of fund research/manager research experience
Post-secondary degree required (Commerce or Business Administration degree preferred)
CFA charter holder or candidate for the designation preferred
Strong skills in: analytics; written and verbal communication; relationship building; self-management; and attention to detail
Professional integrity
Working Conditions
Work takes place in an open concept office environment
Customer demands are constant and unpredictable. Non-standard working hours are a common occurrence
Deadlines to produce deliverables that reflect a high standard of personal and departmental professionalism may be unpredictable and conflicting
Exceptional time-management is a prerequisite skill for this position
Pursuant to a language needs assessment conducted by Scotiabank, the successful candidate will be required to be able to communicate in English in addition to French because they will be required to work closely with other groups from head office who operate primarily in English, they will report to a manager from head office who is an English speaker, and/or they will serve and English-speaking clientele.
Location(s): Canada : Ontario : Toronto || Canada : British Columbia : Vancouver || Canada : Quebec : Montreal || Canada : Quebec : Quebec || Mexico : Ciudad de México : Mexico
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.