Senior Manager, Investment Management and Oversight

Senior Manager, Investment Management and Oversight What You’ll Be Doing

CIBC Trust Investment Management is a team under the CIBC Wealth Solutions department within the CIBC Commercial Banking and Wealth Management. The team provides Investment Management services, solutions and oversight to the clients of CIBC Trust Corporation. CIBC Trust is a wholly owned subsidiary of CIBC which is incorporated, licensed and operating under the powers and authorities granted by Trust and Loans Companies Act.

The primary purpose of the business is to provide Estate, Trust and Agency (ETA) services to high net worth, ultra‑high net worth and institutional clients within the CIBC network. The role contributes to the development and implementation of an investment oversight framework and strategies for discharging CIBC Trust’s fiduciary duties in overseeing internal and external investment portfolio managers. The person will have direct responsibility for managing and overseeing a block of large, complex and demanding investment situations in supporting the ETA Team.

In an unstructured environment, the individual will gather information to evaluate the client requirements, understand and respect various relationships, negotiate suitable investment plans and solutions, and monitor the investments to generate reasonable outcomes for all relevant stakeholders.

• Investment Management and Oversight – Perform investment oversight on internal and external Investment Managers to fulfil CIBC Trust’s fiduciary responsibilities for investments that are not managed directly by the CIBC Trust Investment Team. Meet and communicate with staff, clients, portfolio managers, consultants, lawyers and accountants, as applicable. Review client investment objectives, requirements, tolerances and constraints in performing KYC. Draft, customise and negotiate detailed client investment plans and policies, including transition thereof.
  
  Conduct due diligence and assess appropriateness and suitability of potential portfolio managers and their firm, portfolio strategies and construction, products and solutions. Monitor and evaluate on an ongoing basis portfolio manager activities and results to ensure compliance with agreed upon investment mandate and parameters. Manage difficult relationships in addressing and resolve conflicts in a reasonable and timely manner. Comply, and educate Trust personnel, portfolio managers and other stakeholders on CIBC Trust policies, processes, systems and controls.
  
  Prepare reports, communicate and present issues, observations and commentaries for the investment team, Trust personnel, clients, beneficiaries and investment managers, as necessary. Keep abreast of financial markets and economic conditions to have current and proper perspective for performing oversight.
• Investment Management Operations and Administration – Perform Operational and Administrative functions as required to support the smooth operations of the Investment Management department within CIBC Trust. Act as a leader and role model for the team in making day to day operational decisions. Develop, implement and support departmental policies, procedures, forms, letters, workflows, reports and templates. Compile and review other reports as requested and in accordance with deadlines.
  
  Maintain investment department diaries, various control lists and databases. Review, evaluate and resolve issues raised by auditors, compliance, business controls, risk management and regulators. Assist or lead various special projects, initiatives and activities as they arise from time to time. Provide support and backup services to other team members.

• You have a financial background with a Business/Commerce/Finance/Economics degree. Completion of at least CFA – Level 1 or full Canadian Investment Management (CIM) designation, or equivalent.
• You have 5+ years of relevant investment management experience (RIME). You have knowledge of Investment Policy and Strategy, Portfolio Construction, Estates and Trusts, Law, Personal Financial Planning, Canadian Tax, Trading, Accounting and Investment Operations. You have strong analytical and…