Manager, Managed Accounts

Manager, Managed Accounts


Location
:
This posting is for an existing vacancy in Wellington-Altus’ Winnipeg or Toronto office.
Our organization: Founded in 2017, Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Counsel Inc., Wellington-Altus USA Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., and Wellington-Altus Private Wealth Inc.

-the top-rated
* investment dealer in Canada and one of Canada’s Best Managed Companies. With over $45 billion in assets under administration and offices across the country, Wellington-Altus identifies with successful, entrepreneurial advisors and portfolio managers and their high-net-worth clients.
* Investment Executive 2025 Brokerage Report Card.
The opportunity: The Manager, Managed Accounts will be primarily responsible for the day-to-day operations of the Wellington-Altus Private Wealth (WAPW) managed account programs including its Private Platinum Portfolios using the Envestnet trading platform. The role will encompass oversight, trading and administration of the program, including periodic rebalancing.
The role is responsible for carrying out all activities in an efficient, effective and accurate manner and will involve close communication with internal Portfolio Managers, Sub-Advisors, Investment Advisors, Operations, Strategic Counterparties (NBIN), external Service Providers (Envestnet), and Compliance. In addition, the role will also participate in the build out and enhancement of the Wellington-Altus trading platform - Envestnet.
The role will also entail supporting various other operational processes and functions with system utilization, trouble shooting and working with the support, reconciliation and account opening teams in defining processes and best practices. The incumbent will also support the department AVP and VP, in the coordination of projects, initiatives, and activities established as a priority for the business. The role requires collaboration, attention to detail, prioritizing competing demands in a fast-paced energetic environment.

Key responsibilities include: People Management

• Lead and supervise the day-to-day operation of the managed accounts team

• Allocate team resources to support business priorities and service delivery

• Act as escalation point for operational, client and team related issues Trade Order Management

• Collaboratively work with key stakeholders across the business to understand and document the key processes and workflows for trade order management/execution within the managed account business lines and determine changes and modifications as may be required from time to time to support the evolution of these delivery channels.

• Participate as a subject matter expert (SME) on project management initiatives to implement changes and improvements to the managed account modelling/trade execution ecosystem. Order Entry

• Daily order management of WAPW Managed Account programs.

• Development and execution of the portfolio management activities that include onboarding, rebalancing requests, cash management and handling special situations.

• Oversee daily trading of bonds, preferred shares, ETFs, mutual funds, REITs, and common shares working with the various trade desks and external parties to ensure effective, efficient and accurate execution.

• Managing bulk equity allocations in adherence with the firm’s Fair Allocation of Trades policy.

• Supporting the trade reconciliation process and working in conjunction with trade support and system analysts to ensure an effective recon process for all trade breaks and failures.

• Serving as a SME on the effective use and application of the portfolio modelling and trading systems utilized across the enterprise. Investment Monitoring and Analysis

• Engaging with advisors and advisory team members and with operations support teams to ensure client trading activities and trading needs are effectively handled.

• Interacting with the Operations team and mid-office support team on trade reconciliations as necessary.

• Generating and executing equity, mutual fund, and fixed income orders in a timely manner in…