Portfolio Manager
About the job
- Typically 7+ years of relevant experience and a post-secondary degree in a related field, or an equivalent combination of education and experience.
- Preferred: Bachelor of Arts degree or finance certification.
- In-depth or expert understanding of portfolio management principles and asset mix determination.
- In-depth or expert understanding of fiduciary law and its applicability to trust investment accounts.
- In-depth or expert knowledge of equity and fixed income markets.
- In-depth or expert understanding of tax-related issues affecting investments.
- In-depth or expert knowledge of the regulatory environment.
- In-depth or expert verbal and written communication skills.
- In-depth or expert analytical and problem-solving skills.
- In-depth or expert influence skills.
- In-depth or expert collaboration and team skills, with a focus on cross-group collaboration.
- Ability to manage ambiguity.
- In-depth or expert data-driven decision-making skills.
- Provide high-quality sales and service to investment clients to deliver an exceptional client experience.
- Provide technical expertise for all aspects of investment management and administration to ensure compliance.
- Work collaboratively within the branch and regional team as part of the client and relationship management solution.
- Identify and make referrals to other business groups as appropriate.
- Develop internal and external networks and referral sources to grow business in the assigned portfolio or jurisdiction.
- Enhance marketplace presence by collaborating with experts to create integrated business development strategies.
- Develop investment proposals and participate in meetings with prospects and clients.
- Provide investment management, fiduciary expertise, and strategic leadership for business, products, and policies to investment professionals within the assigned portfolio or jurisdiction.
- Make recommendations to senior leaders on strategy and new initiatives based on an in-depth understanding of the business or group.
- Act as a subject matter expert on relevant regulations and policies.
- Network with industry contacts to gain competitive insights and best practices as needed.
- Manage resources and lead execution of strategic initiatives to deliver business and financial goals.
- Recommend business priorities, advise on resource requirements, and develop roadmaps for strategic execution.
- Help determine business priorities and the best sequence for executing business or group strategy.
- Conduct independent analysis and assessment to resolve strategic issues.
- Support strategic initiative execution in collaboration with internal and external stakeholders.
- Act as the primary subject matter expert for internal and external stakeholders.
- Break down strategic problems and analyze data and information to provide insights and recommendations.
- Define business requirements for analytics and reporting so data insights inform business decisions.
- Coordinate database management and ensure data alignment and integration according to data governance standards.
- Monitor and track performance and address issues.
- Design and produce regular and ad hoc reports and dashboards.
- Collect data for quarterly performance reporting and analyze the performance of each mandate on the platform.
- Develop and recommend model portfolios based on statistical evaluation of risk, return, and correlations.
- Prepare spreadsheets and reports containing performance information, portfolio summaries, asset allocation targets, and related information.
- Lead change management programs, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment.
- Lead development of communication strategies focused on positively influencing or changing behavior.
- Collaborate across BMO to develop communication strategies and ensure consistent messaging.
- Lead execution of operational programs and assess and adapt execution as needed to ensure quality.
- Lead or participate in governance meetings and maintain governing body mandates, oversight, and approval guidelines.
- Provide specialized support for internal and external regulatory requirements as needed.
- Oversee the design, development, and implementation of tools and training required to deliver business results.
- Act as the day-to-day contact for vendors and support implementation, maintenance, and sustainment of vendor solutions.
- Lead or oversee vendor relationship management and provide execution guidelines, ensuring agreements are fulfilled.
- Lead or support contract negotiations with vendors while balancing cost, risk, and performance.
- Lead or participate in designing, implementing, and managing core business or group processes.
- Develop and manage a business or group program.
- Review program effectiveness, consider industry trends, and recommend or implement enhancements.
- Identify business needs and design or develop tools and training programs, including training delivery when required.
- Perform sales and service support activities to meet client needs and maintain service levels.
- Provide administrative support to team members and relationship managers by communicating with clients, investigating and responding to customer inquiries, preparing customized client reports, implementing portfolio re-optimizations, and verifying performance measurement reports.
- Meet service standards to maximize relationship retention and growth.
- Develop client rapport and confidence to establish credibility and trust.
- Build effective relationships with internal and external stakeholders.
- Ensure alignment between stakeholders.
- Follow risk and compliance processes and policies to safeguard customer assets, maintain privacy, act in customers’ best interests, and operate the function effectively.
- Protect the bank’s assets and comply with regulatory, legal, and ethical requirements.
- Operate at a group or enterprise-wide level and serve as a specialist resource to senior leaders and stakeholders.
- Apply expertise and creative problem-solving to address complex, non-routine, unique, or ambiguous situations.
- Implement changes in response to shifting trends.
- Make risk-informed decisions in line with the Risk Management Framework, Risk Culture, approved Risk Appetite, applicable policies, laws, and regulations.
About the company
Bank of Montreal (BMO) is a diversified financial services provider offering personal, business, and commercial banking, along with capital markets and wealth management, across Canada and the United States. Individuals use personal banking for everyday needs and loans, households can obtain mortgages and credit products, and businesses access commercial loans, treasury/cash management, and industry-specific advice. In capital markets, BMO assists clients with raising capital, trading, and research, while wealth management delivers investment strategies and asset management for portfolios. The company aims to help clients manage and grow their money through a full range of financial services for individuals, small businesses, large corporations, and public sector entities in North America.
Company Size
10,001+
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1988
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Simplify's Take
What believers are saying
- Q3 2026 adjusted net income rose 19% to $2.859 billion.
- BMO opened Brent Reston as U.S. chief digital officer on August 24, 2026.
- March 17, 2026 plans add 130 California centers and 15 Arizona locations.
What critics are saying
- Q3 2026 reported net income fell 25% after a $962 million goodwill charge.
- Selling 138 Midwest branches cuts deposits and weakens local relationships through 2027.
- A failed Bank of the West integration would trap BMO in low-return U.S. scale.
What makes Bank of Montreal unique
- BMO's Canada-U.S. platform spans commercial, wealth, and capital markets under one brand.
- September 22, 2026 tokenized deposits with Canada’s six biggest banks widen payment leadership.
- BMO's California buildout pairs branch density with advice-led banking and local teams.
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Benefits
Health Insurance
Tuition Reimbursement
Accident and Life Insurance
401(k) Retirement Plan
Professional Development Budget
Hybrid Work Options
Company News
Big banks exploring Canadian dollar-based digital money with tokenized deposits. Daniel Johnson TORONTO - Canada's big banks are exploring the development of Canadian dollar-based digital money, starting with a tokenized deposits initiative. Tokenized deposits are traditional bank deposits recorded on a decentralized database or distributed ledger, such as a blockchain. The plan seeks to deliver faster, more efficient and programmable payments to Canadian customers while preserving safety, stability and effective regulatory oversight. It means Canadian dollars could be converted into tokens on blockchain for easier transfers, said Claire Célérier, Canada Research Chair in household finance at the University of Toronto's Rotman School of Management. "My understanding is that the six banks will share the same blockchain, and so it implies that transactions can be made instantaneously across wallets with tokens," she said. Bank of Montreal, CIBC, National Bank, Royal Bank, Scotiabank and TD Bank are taking a collaborative approach to the project. The tokens would be issued by commercial banks and from a legal perspective, depositors can treat them the same as traditional bank deposits. The banks say the first phase aims to move tokenized deposits between Canadian financial institutions. "It's really exploratory now. I think what they're saying is that they're willing to work together to develop the technology," Célérier said. She said the potential capabilities would be of particular benefit to large companies or institutional investors, allowing them to complete "more sophisticated transactions." "What I expect is that these tokenized dollars will be mostly used by large companies and so on who have accounts across these Canadian banks, and it will be used to move large amounts of money," she said. Cristian Bravo, professor and Canada Research Chair in banking and insurance analytics at Western University, said the potential change could allow large producers to settle accounts far faster than their typical 30-day window. "If you have an instant settlement, you're closing that gap and closing that inefficiency in the market. And the fact that you have the money when you fulfil the contract, that can help reduce dependency on working capital and mobilize that capital faster," he said. But Bravo said that due to the lack of historical examples, it is not clear how much of an effect the move could have on the bottom lines of companies or institutional investors that use it. Bravo said it is also notable that digital money is not the same as cryptocurrency, but rather a "digital ledger to move deposits in a very quick, instant way."
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St. Paul's Summit Brewing Company faces foreclosure. One of Minnesota's largest brewers could lose its St. Paul brewery to foreclosure after its lender sued them to collect more than $8 million worth of unpaid debt. In a lawsuit filed last week, BMO Bank alleges Summit Brewing Company missed a loan payment deadline at the end of last year. The bank then agreed to a forbearance period - holding off trying to collect the loan - until July 31. But BMO alleges in court filings that Summit indicated in a June letter that it still didn't have the ability to repay the loan, and that its "liquidity position and operational flexibility continue to deteriorate." BMO wants a judge to appoint a receiver who could "take possession of, manage, operate, and property" belonging to Summit, according to the lawsuit. In a statement to MPR News, Summit CEO Brandon Bland said they will continue to run their day-to-day operations during the proceedings, but he acknowledged the brewery is facing financial struggles. "Our Board and management team have made substantial efforts over many months to chart a different course for this company," Bland said. "This reflects the difficult capital environment the entire craft brewing industry is navigating, not a reflection of the strength of our brand, our people or our operating model." Summit said its company leaders have worked with outside advisors over the course of the last year to find alternative paths forward. "Despite these substantial efforts, the Company and BMO were unable to reach a resolution, and BMO has elected to proceed with the foreclosure action, including its request for the appointment of a general receiver," Summit said in the statement. Bland said they'll continue to look at every option available to them as the process moves forward. No court hearings have been scheduled in the case. Dear reader,. When our communities are navigating uncertainty, staying informed matters more than ever. At MPR News, we're committed to keeping Minnesotans informed and involved, curious and connected - and Minnesota Today is one way we do that. Getting these updates in your inbox helps you stay informed with trusted reporting and thoughtful context from across Minnesota.
Cannara Biotech has secured an $80 million syndicated credit facility with Bank of Montreal and The Toronto-Dominion Bank, marking a $30 million increase from its previous borrowing capacity of approximately $50 million. The Montreal-based cannabis producer will use the funds to refinance existing debt whilst providing additional liquidity for working capital and strategic investments. The restructured facility expands Cannara's revolving credit capacity from $10 million to $40 million and extends the maturity date from December 2027 to December 2029. BMO continues as administrative agent, with TD joining as co-lead arranger. The vertically integrated company operates two facilities in Québec spanning over 1.6 million square feet. Chief Executive Zohar Krivorot described the syndicated arrangement as a strong endorsement of the company's disciplined, profitable growth strategy.
Fortis Inc. announced on 9 September 2026 the pricing of a $1 billion public offering of junior subordinated notes maturing 30 March 2057. The issuance comprises two $500 million tranches with coupon rates of 6.625% and 6.875%. The St. John's, Newfoundland-based regulated electric and gas utility holding company plans to use net proceeds to repay maturing debt and support general corporate purposes. Closing is expected on 21 September 2026. The firm commitment offering is managed by a syndicate including Morgan Stanley, MUFG Securities Americas, Wells Fargo Securities, and BofA Securities as joint bookrunners. Fortis reported $12 billion in revenues in 2025 and held $79 billion in total assets as of 30 June 2026.