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BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good.
We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.
Position: Managed Accounts Supervision Specialist
Working with the Director, Portfolio Management Supervision, and other immediate team members, and internal partners, the successful candidate will focus on the investment suitability and oversight of BMO Nesbitt Burns Managed Account programs.
The primary responsibilities for this role include, but are not limited to:
Complete suitability reviews of new and updated Managed 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 oversight to ensure that each managed account conforms to the account’s Client Account Agreement (“CAA”) investment guidelines, managed account programs 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 Investment Advisors/Portfolio Managers in coaching on various suitability related and oversight matters.
Support branch supervision to ensure Client Account Agreements and Investment Policy Statements are reviewed and updated as required.
Help facilitate responses to inquiries for internal and external audits in coordination with the Director, Portfolio Management Supervision.
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.
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.
Identify and recommend process improvements.
Qualifications:
Chartered Investment Manager (CIM) or Chartered Financial Analyst (CFA) designation is required.
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.
While the primary location for the role is Toronto, there is flexibility to work form an office within other regions in Canada.
We are committed to hiring military and Veteran spouses and encourage you to identify your connection with the MSEN when reaching out to us or applying to any of our open roles.
Have questions or want to learn more about us? We would love to hear from you!
Whenever possible, reach out to a named contact rather than a general inbox - it helps ensure a quicker, more personalized response. If you hit a bounce-back, let us know at
We’re proud to be the official bank of the Canadian Defence Community – and that goes beyond supporting your financial well-being. We value the skills you’ve earned in the military, and we’re here to help as you move into the next stage of your professional life.
BMO is a top ten North American bank that provides personal and commercial banking, global markets and investment banking services to 13 million customers and clients. Founded in 1817, we’re driven by our Purpose: Boldly Grow the Good in business and life. BMO has established itself as a destination for top talent, with an employee experience that’s built on personalized career development opportunities, a performance-driven winning culture, competitive rewards and benefits, and a deepcommitment to the health and well-being of our people.
If you’re ambitious, curious, creative, and eager to make an impact, you should consider BMO as a place to build your career.
#ProudtoWork@BMO