Director, Portfolio Management Supervision

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BMO Nesbitt Burns is seeking a highly experienced investment professional to lead the MPA Supervision Team within BMO Nesbitt Burns.

As Director, Portfolio Management Supervision, you will provide national leadership and oversight for the Managed Portfolio Account (MPA) Program, one of the firm's discretionary portfolio management platforms serving high-net-worth clients. You will lead a team of supervisors and specialists responsible for ensuring the program operates with the highest standards of regulatory compliance, risk management, suitability oversight, and client protection.

This role serves as a key partner to Branch Supervision, Compliance, Governance, Registration, Wealth Learning, and senior business leaders to help shape the future direction of the managed accounts platform while ensuring alignment with evolving CIRO requirements and industry best practices. The successful candidate will play a vital role in supporting the growth, governance and ongoing enhancement of BMO's discretionary portfolio management business.

Key Responsibilities

Leadership & Team Management

• Lead and develop a national team responsible for Managed Portfolio Account (MPA) supervision
• Foster a strong risk management and compliance culture while supporting business growth and advisor development.
• Provide coaching, mentorship and professional development to team members.

Managed Portfolio Account (MPA) Oversight

• Oversee the quarterly supervision program for managed accounts across the MPA platform.
• Act as an escalation point for oversight and other supervisory exceptions.
• Ensure regulatory and internal policy requirements are effectively implemented and monitored.
• Report program trends, risks and supervisory outcomes to senior leadership and governance committees.

Registration & Portfolio Management Supervision

• Support the team with review and vetting of Associate Portfolio Manager (APM) and Portfolio Manager (PM) candidates.
• Support oversight of direct supervision obligations for APMs and supervising PMs.
• Partner with Registration, Compliance and Business Leadership teams regarding regulatory requirements and registration matters.

Training, Coaching & Practice Development

• Support the design and co-facilitate training programs for newly licensed APMs and PMs.
• Provide ongoing coaching, guidance and subject matter expertise regarding portfolio management practices, suitability and fiduciary obligations.

Governance & Strategic Leadership

• Represent Portfolio Management Supervision on the MPA Operating Committee, Managed Accounts Committee and other governance forums as required.
• Collaborate with stakeholders across Supervision, Compliance, Governance, Registration and Wealth Learning to continuously enhance the MPA Program.
• Identify emerging regulatory developments, industry trends and competitive marketplace opportunities and translate them into practical program improvements.
• Contribute to policy development, supervisory frameworks and strategic initiatives impacting discretionary portfolio management services.

Qualifications

Required

• CFA® Charterholder or CIM® designation.
• 5-10+ years of progressive experience within wealth management, portfolio management, supervision, compliance or investment advisory services.
• Strong knowledge of discretionary portfolio management, managed accounts and regulatory supervision.
• Eligible for registration with CIRO as a Supervisor Responsible for the Supervision of Managed Accounts.
• Demonstrated leadership experience, including people leadership, coaching and team development.
• Excellent communication, stakeholder management and influencing skills.
• Proven ability to collaborate across multiple business and control functions.

Preferred

• Registered Portfolio Manager or eligible for Portfolio Manager registration with CIRO.
• Experience working with managed account platforms and discretionary investment programs.
• Previous experience participating in governance committees, regulatory initiatives, or business transformation projects.
• Advanced understanding of suitability, fiduciary obligations, investment policy statements, portfolio construction and wealth management operations.

What You'll Bring

The ideal candidate is a collaborative and strategic leader who combines strong regulatory judgment with practical business acumen. You are passionate about developing people, enhancing client outcomes and strengthening supervisory frameworks. You thrive in complex environments, build strong partnerships across functions, and bring a balanced perspective that supports innovation while maintaining a strong focus on risk management and regulatory excellence.

About BMO Wealth Management

At BMO Wealth Management, our purpose is to Boldly Grow the Good in business and life. We are committed to helping clients achieve their financial goals while fostering an inclusive culture where employees can thrive, develop and make a meaningful impact.

Join us and help shape the future of discretionary portfolio management and managed account supervision across Canada.

This job posting is for a current vacancy.

Salary:

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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.