Assistant Vice-President, Portfolio Construction

Job Description

Grade: P10

Referral Level: Level 2

Division:

MI-PR

IGM Financial Inc. is a leading wealth and asset management company in Canada, managing approximately $271 billion in assets. It offers financial planning and investment services to over two million Canadians through IG Wealth Management and Mackenzie Investments.

Mackenzie Investments, founded in 1967, is a key part of IGM's business model, serving as a comprehensive asset-management partner for Canadian financial advisors and their clients.

At Mackenzie Investments You Can Build Your Career with Confidence.We are proud to be recognized as one of Canada’s Top 100 Employers for the fourth consecutive yearsand one of Canada’s Best Diversity Employers. Our vision and strategy aim to innovate the industry and support Canadians in achieving their financial goals.

Join our team to engage in continuous learning and skill development in a supportive environment.

Experience the best of both worlds with our hybrid work environment, where you spend three days a week in the office, connecting, collaborating, and enjoying quality time with your amazing colleagues!

Our Values:
Be better;we strive for improvement in everything we  accountable;we foster clarity and are empowered to act  a team;we are united to drive collective impact to achieve our goals.

Reporting to the VP, Head of Portfolio Construction, the successful applicant will oversee our portfolio construction franchise and help investment advisors build better portfolios for their clients. Responsibilities include overseeing our current state of operations and helping to define and create our future state.

Overseeing our current state will include owning responsibility for our guided portfolios, leading and/or collaborating on thought leadership initiatives, and managing a team of up to two portfolio construction specialists. With regards to our future state, the successful candidate will play a leading role in building and launching a next-generation portfolio construction engine that will be built by an external vendor to support Canadian financial advisors.

• Lead ownership of portfolio construction franchise. The successful candidate will own all elements of the current portfolio construction franchise. This includes guided portfolios, fulfillment solutions, and incorporation of private assets in portfolio models that are utilized by investment advisors focused on high-net-worth investors in Canada.
• Be a builder. Our future state of portfolio construction requires a builder mindset. The successful candidate will be able to articulate ‘the art of the possible’ as to how portfolio construction solutions help drive better outcomes for advisors and clients. The candidate will be able to translate portfolio construction, views on risk models and factor investing into vendor specifications. Successful candidate is keen to help evaluate and select external technology partners responsible for developing the platform of the future.
• Deep knowledge of Modern Portfolio Theory (MPT) and the Total Portfolio Approach (TPA). The successful candidate will be an expert on MPT, which is the basis of our current approach tom portfolio construction and understand the logic behind constructing efficient frontiers through mean-variance optimization. The incumbent will have an informed view on the TPA and its relevance for portfolios construction.
• Portfolio construction thought leadership. The successful candidate will be able to author and present investment narratives and materials that distill complex portfolio concepts into clear, persuasive communications for internal and external audiences as necessary
• People management. There is a people management responsibility of fewer than two people where the successful candidate will be able to lead, mentor and help develop talent and foster a culture of excellence, and intellectual curiosity.

• A university degree in a business or finance-related discipline.
• Combination of CFA, CAIA or MBA a plus.
• 10+ years relevant experience in the investment industry.
• 5+ years of experience of relevant experience as a…