Requisition ID: 212160
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

Contributes to the overall success of the Investment Funds team within Global Investment Solutions, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted comply with governing regulations, internal policies and procedures.

Responsible for providing timely investment advice, direction and value-added ideas to Scotia Wealth Management investment advisors with a focus on the alternative investment universe (alternative mutual funds, exempt market products, offshore funds/ETFs). Assist with asset allocation and portfolio strategy decisions in relation to these products.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Scotiabank relationships, systems and knowledge.
• Contribute to the effective functioning of the Investment Funds team through due diligence on alternative funds (prospectus and offering memorandum structures), offshore funds and ETFs, to protect Scotiabank, Scotia Wealth Management, its investment advisors, and, ultimately, Scotia clients.
• Conduct regular reviews of third-party managers, as well as conducting primary research (quantitative and qualitative) on alternative funds, offshore funds and ETFs and stay abreast of capital market developments, news, and industry trends with a view to communicating relevant findings.
• Support the management of the Alternative Recommended List by monitoring existing positions in the Alternative Asset Recommended Lists to ensure fulfillment solutions continue to meet GIS selection criteria, preparing written rationales for updates/changes as required and assist with Recommended List performance reporting. Develop and maintain relationships with fund provider contacts to facilitate the flow of information to advisors.
• Provide regular support to Scotia Wealth Management investment advisors by conducting client portfolio reviews for existing individual client account, and participate in the creation of portfolio proposals incorporating alternative investments to attract new business. Respond to ad hoc advisor requests with qualified and value-added ideas and opinions and educate advisors about the product/service offering of the Pooled Investment Vehicle team, including participation in branch visits, conference calls, and client presentations.
• Support International Investment Advisory (IIA) efforts with the alternative investment solutions for the offshore fund product shelf including product support, due diligence of new products, and review of agreements, prospectus and regulatory documentation.
• Support the implementation of a Global Investment Solutions framework for alternative investments. Partner with internal distribution and asset management teams to align product fulfillment options with a pan-wealth perspective.
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations of his/her respective areas, 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.

Education / Experience

• 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
• Experience with Morningstar Direct, Bloomberg, MS Office and VBA programming language
• Strong skills in: analytics; written and verbal communication; relationship building; self-management; and attention to detail
• Professional integrity

Location(s): Canada : Ontario : Toronto
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, please click here. 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.