Director, OCIO and UHNW Market Segments

Overview  

Requisition
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
BRIEF INTRODUCTION
Contributes to the overall success of the Pooled Investment Vehicles team (“PIV”) within Global Investment Solutions (“GIS”), ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the team’s and broader GIS business strategies and objectives. Ensures all activities conducted in adherence with governing regulations, internal policies, and procedures.
Responsible for providing timely investment advice, direction and thought leadership across Global Wealth Management (“GWM”) with a focus on the mutual fund and ETF investment universe for Canadian and Offshore investors. Assist with asset allocation and portfolio strategy decisions in relation to these products.
Responsibilities   Champion a customer focused culture throughout the PIV and GIS teams to deepen Outsourced CIO (OCIO) and Ultra High Net Worth (UHNW) client relationships and leverage broader Bank partners, systems and knowledge.
Deliver strong risk-adjusted outcomes for OCIO/UHNW clients, investment advisors, and relationship managers, adjusting strategies based on product availability to optimize portfolio performance.
Lead the ongoing relationship with outsourced partners (Mercer) retained to provide research and reporting integral to identifying best-in-class solutioning for UHNW model portfolios.
Design and manage a suite of best-in-class solutions to support the effective functioning of the PIV Team and the OCIO program through due diligence on alternative products including hedge funds and private assets to protect Scotiabank, GWM, its investment advisors, and Scotia clients.
Conduct research on pooled investments with a primary focus on alternative investments (illiquid private assets and liquid hedge strategies) utilizing third-party research and platforms.
Curate a preferred list of Key Scotiabank relationships to access direct investment solutions and pricing to benefit UHNW and institutional clients consistent with GIS/Mercer selection criteria.
Design and monitor UHNW model portfolios consistent with the strategic and tactical asset allocation models established by GIS and preparing written rationales for updates/changes as part of the ongoing monitoring obligations.
Support Scotia Wealth and Global Family Office Group advisors across the GWM global footprint by conducting client portfolio reviews for existing client accounts and participate in the creation of portfolio proposals incorporating alternative and traditional asset classes and solutions to deliver best-in-class portfolios designed to attract new business.
Respond to ad hoc advisor requests with qualified and value-added ideas and opinions to educate advisors about the product/service offering of the Pooled Investment Vehicle team, including participation in branch visits, conference calls, and client presentations.
Understand the Bank’s risk appetite and culture and incorporate into daily activities and decisions.
Create an environment in which team members pursue effective and efficient operations of PIVs, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
Drive a high-performance environment and culture within the PIV team that demonstrates leadership while motivating the team around them and fostering an inclusive work environment.
Qualifications   Minimum 10 years of finance-related experience
An understanding of Investment Funds/Alternative Assets/ETFs with five years of fund research/manager research experience
Experience delivering best practices with portfolio construction techniques
Post-secondary degree required (Commerce or Business Administration degree preferred)
CFA or CAIA charter holder preferred

Experience with Morningstar…