Position Description
Contributes to the overall success of the Global Portfolio Advisory Group / Scotia Wealth Management in Canada by ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.
Contributes to a team responsible for managing equity recommendations and the performance of the GPAG equity guided portfolios. Areas of focus may include Canadian, U.S., or International equites. Responsible for providing timely investment advice, direction and value-added equity ideas to Scotia Wealth Management investment advisors.
Key Accountabilities
- Lead one or more Scotia Wealth Management equity guided portfolios, and help team members manage positions in their portfolios. Accountable for portfolio performance and ensuring positions adhere to GPAG’s equity selection criteria. Write rationales for updates/changes to these portfolios and work closely to share information with all GPAG members to aid in portfolio management. Maintain models used in the equity security selection process. Assist in fulfilling portfolio performance reporting requirements.
- Contribute to the effective functioning of the equities team via input to written publications including daily notes and weekly, monthly and quarterly reports. Review research from a variety of sources and stay abreast of capital market developments, news, and industry trends with a view to communicating relevant findings through the advisor channel. Build effective working relationships across the team.
- Regularly support Scotia Wealth Management investment advisors. Help Scotia Wealth Management advisors manage individual client accounts (conduct client portfolio reviews), and assist with the creation of portfolio proposals as needed. Respond to ad hoc advisor requests with qualified and value-added ideas and opinions. Participate in branch visits, conference calls, and client presentations.
- Maintain a high level of customer service while facilitating a culture of open and honest communication. Actively participate in and contribute to team meetings. Actively share knowledge and experience to enhance the development of all team members.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Functional Responsibilities
- Portfolio construction and review including sector and company allocation
- Recommending trade ideas and clearly articulating trade rationales
- Fundamental sector and stock research in the coverage universe including stocks held in the portfolios as well as new idea generation
- Financial analysis, DCF, initiation of coverage presentation, and a one-pager summary
- Providing timely advice to Investment Advisors regarding client portfolios and new ideas
- Periodic verbal and written communication of the key insights on portfolios, sectors, and companies as well as a recommendation of actionable ideas
Required Skill / Experience
- 2+ years of experience in capital markets, preferably in equity portfolio management
- Post-secondary degree required (Commerce or Business Administration degree preferred).
- CFA charter holder or in the process of achieving the designation.
- Sound knowledge of investment disciplines and processes within the financial industry.
- Equity market knowledge, as well as sector-specific knowledge
- Analytical and valuation skills, e.g. DCF models
- Ability to distinguish between the signal and the noise; ability to focus on what matters most
- Adept multi-tasker with solid project management skills
- Curious and innovative problem solver
- Excellent interpersonal skills – experience working with Wealth Advisors considered an asset
- Proficient in PC with advanced knowledge of Bloomberg, Excel, Word, PowerPoint, and FactSet
- Exceptional written and presentation skills including an ability to succinctly distill information in written and spoken format
