Managed Accounts Supervision Specialist, Private Wealth

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BMO Private Wealth provides a broad range of wealth management services to individuals, families and institutions. Within BMO Nesbitt Burns, the Supervision, Support & Governance team provides oversight and guidance across the business to support sound investment practices and regulatory requirements. This role sits within Portfolio Management Supervision, with a specific focus on the suitability and oversight of Managed Account programs.

Position: Managed Accounts Supervision Specialist
BMO Nesbitt Burns is looking for an investment professional with strong managed accounts experience to join our Portfolio Management Supervision team.

Working closely with the Director, Portfolio Management Supervision, this role provides oversight of BMO Nesbitt Burns managed account programs, with a focus on investment suitability, Client Account Agreements, portfolio guidelines and regulatory requirements.

You’ll work directly with Branch Supervision teams, Investment Advisors and Portfolio Managers, providing guidance on managed-account suitability and helping ensure portfolios operate within established client mandates and program requirements.

This is an opportunity for someone who understands both the investment side of managed accounts and the supervisory framework supporting them, and who enjoys solving complex suitability and portfolio oversight issues.

• Complete suitability reviews of new and updated Managed Client Account Agreements.
• Apply sound judgment to identify, assess and resolve issues within established policies and guidelines.
• Provide support and guidance to Branch Supervision employees on managed account supervision matters.
• Support the Regional Supervision team with managed account KYC review and monitoring.
• Support quarterly oversight activities to ensure managed accounts conform to Client Account Agreement ("CAA") investment guidelines, managed account program requirements and regulatory obligations.
• Coordinate the resolution of issues identified through daily and quarterly oversight activities, escalating where appropriate.
• Build strong working relationships with Branch Supervision, Investment Advisors and Portfolio Managers, providing guidance on suitability and managed account oversight matters.
• Support Branch Supervision in ensuring Client Account Agreements and Investment Policy Statements are reviewed and updated as required.
• Help facilitate responses to internal and external audit inquiries in coordination with the Director, Portfolio Management Supervision.
• Support broader initiatives across the Supervision, Support and Governance team as required.
• Support the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Identify business needs and support the design and development of tools and training programs, including delivery of training where appropriate.
• Perform supervision activities to meet regulatory requirements and service-level standards.
• Build effective relationships with internal stakeholders.
• Follow established risk and supervision processes and policies to safeguard client assets, protect client privacy, act in clients' best interests and support an effectively managed function.
• Ensure activities comply with applicable regulatory, legal and ethical requirements.
• Identify and recommend opportunities for process improvement.

• Chartered Investment Manager (CIM) or Chartered Financial Analyst (CFA) designation required.
• Registered with CIRO as a Supervisor responsible for the supervision of managed accounts, or eligible to request registration.
• Minimum 3–5 years of experience with managed accounts.
• Post-secondary education in a related field of study or an equivalent combination of education and experience.
• Strong knowledge of managed account supervision and relevant industry regulations.
• Strong analytical and problem-solving skills, including proficiency with Microsoft Excel.
• Ability to work independently with minimal guidance and exercise sound judgment.
• Strong attention to detail and organizational skills.
• Excellent interpersonal, written and verbal communication skills.
• Ability to manage multiple priorities and work effectively in high-volume environments.
• Collaborative and flexible team player.
• Strong influencing skills and ability to work effectively with Investment Advisors, Portfolio Managers and supervision partners.
• Ability to use data and analysis to support decision-making.

While the primary location for this role is Toronto, there is flexibility to work from a BMO office in other regions across Canada.

This job posting is for a current vacancy.

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.