Senior Portfolio Management Consultant

Senior Portfolio Management Consultant page is loaded Senior Portfolio Management Consultant Apply remote type Hybrid locations Toronto, Ontario time type Full time posted on Posted 12 Days Ago job requisition id R_1351083

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

TD General

Pay Details:

We’re committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

Department Overview

The Wealth Investment Office (WIO) is TD Wealth’s source for investment management strategy. We empower advisors and portfolio managers across TD Bank Group’s Wealth Management division — including Financial Planning, Private Investment Advice and Private Investment Counsel — by giving them the knowledge and tools they need to execute an efficient and consistent approach to Professional Portfolio Management. WIO is a place for professionals who love to manage money and get excited about the opportunity to consult with others on how to build and manage investment portfolios. This is not a place for people stuck in neutral. WIO is a dynamic, multifaceted, multi-channel group working on numerous priorities and initiatives in a fast-paced environment. 

The group provides holistic investment advice, portfolio construction, and investment management strategy across a broad range of methodologies including traditional, endowment and risk-aware allocations. WIO is the engine behind the TD Wealth's investment strategy process and allocations. WIO also manages the Risk Priority Portfolios and is the investment manager behind the TD Core Managed Equity Portfolios and the Guided Corporate Bond Portfolio. In addition, WIO plays a role in the education and ongoing support of TD Wealth advisors through numerous internal and client-facing publications, as well as conferences, presentations, seminars and one-on-one communications to advisors.

Position Overview

This is a priority position as the Senior Consultant will oversee team members and work with partners in Practice Management, Product & Private Wealth Management to assist advisors in transitioning to a more process driven and efficient business model by specifically coaching them on portfolio construction, investment management techniques and the implementation of Professional Investment Management. Using the existing product shelf and recommended lists the Consultant will develop model portfolios, analyze the securities holdings of the identified advisors, develop talking points and action plans for the transition to modeled solutions and assist Practice Management and field management in guiding the advisor through the transition.

Position Summary:

• Understand the TD product platform and pricing methodologies and how they can be leveraged to create an efficient modeled book.
• Have direct experience working with Investment Advisors, Portfolio Managers, Financial Planners and understand the business dynamics, structure and goals of our professional advice channels.
• Demonstrate the development of the core competencies to impact & influence a targeted audience and change behaviors.
• Have direct experience leading & supervising teams; coordinating activities to ensure a positive experience for WIO's "clients" & partners, on-going coaching and mentoring team members and assisting with the execution of daily operations by overseeing & coordinating staff training, team building exercises and giving input to the Senior Manager Consulting on performance reviews.
• Lead Book Review & portfolio construction activities for all three of TD Wealth's investment advisory channels.
• Source and analyze the holdings & portfolio construction techniques within individual advisor's book for the purpose of coaching and assisting advisors to transition to a more scalable and efficient portfolio construction methodology
• Will have a proven ability to analyze, breakdown and explain complex investment management strategies, products and services to experts and novices alike.
• Educate advisors and Field Managers on developing, building and maintaining a scalable and efficient approach to investment management.
• Assist advisors in aligning a well-documented investment philosophy, value proposition and discovery process with a prescribed portfolio construction methodology that can be deployed over the majority of their book of business
• Develop model portfolios for a variety of client risk profiles, circumstances and account sizes
• Counsel advisors on how to build and maintain solution sets for small accounts & households
• Coordinate with and support Practice Management & other field partners in the on-going role clarification, monitoring and follow-up with advisors to ensure they achieve the long-term goals with regards to building a scalable and efficient practice.
• Work with field and National Office partners to ensure a transparency with regard to on-going actives and the quick resolution of any role conflicts or overlap with regard to Advisors and field management.
• Contribute to market-related publications and conference calls on an occasional basis.
• Coordinate with and support the Product team in educating advisors on the different trading platforms and pricing methodologies that can be deployed in the transition to a more efficient business model.
• Support & deliver on the development of turn-key reporting on critical book metrics; performance, holdings, dispersion, security concentrations, asset allocation, model adoption for the field and senior management.
• Collaborate with the Compliance monitoring teams to build a deep understanding of nuances and priorities of their roles in supporting the different advisor channels.

Key accountabilities include:

• Business plan to drive the adoption of the components of Professional Investment Management across all Advisors and platforms in PWM as measured by book metrics.
• Support infrastructure in building a multi-factor holistic view of an advisor's book of business for the purpose of analyzing security positions, asset allocation and portfolio construction techniques. 
• Oversee and monitor timeliness, content, and track success of responses to advisor inquiries and requests for information regarding managed investments, portfolio & book reviews.
• Provide team with coaching, tools & resources to build recommendations and possible solutions sets that can be adopted by the advisor to transition their business to modeled solution set and lower overall product dispersion.
• Working with the team, WIO and partners to level set the client and Advisor experience across PWM.
• Provide on-going support to the Senior Manager and Chief Wealth Strategist by coordinating designated activities of the team, monitoring workflows, adherence to timelines and solving problems.
• Educate, train & coach implementation team too;

- Develop a deep understanding of TD Wealth's fee-based and managed account platforms and corresponding pricing methodologies and assist the advisors in adopting newer technologies in building a more scalable practice 
- Build and integrate an investment philosophy into TD Wealth's Advisor population,
- Identify and transition to modeled solutions sets that can be deployed over the majority of the advisor's book.
- Provide on-going support to field managers & advisors as they execute on transitioning their book of business based on their investment philosophy and their adopted modeled solutions sets.
- Identify team member strengths and opportunities, coaching & training to elevate impact and influence with our cleints and partners. 

• Act as liaison between the WIO and our key identified business partners & field management
• Participate in advisor training, coaching and branch presentations as required
• Support WIO initiatives that may not be directly related to managed investments
• Scale our coaching efforts through targeted group training of Regional Managers, Branch Managers, MCS, Wealth Advisors, Senior RMs, SRMs. Provide field managers visibility into proper execution and enable their coaching across the broader teams. Integrate with, support and provide full transparency to our partners for maximum impact and leverage; PCS, TDAM, National Office
• Support advisors with winning share of wallet, OFI assets, use of Wealth investment strategy process (SAA/DAA is based on our grids) i.e. adoption of firm models (SMP, FGP, RPP, Core, RFP), increase LEI
• Oversee the establishment of consistent; reporting, coaching and support on portfolio construction and investment management process for identified FPs, PIA, and PMs, with the goal of delivering legendary client experiences anchored in the Four Wealth Pillars;
FP – New FPs, Premier FPs
PIA – PMP, FP to PIA transitions
PIC – New PIC PMs, Senior PIC PMs
• Establish, maintain and review process and procedures to ensure efficiencies are maximized – both within the team and with stakeholders and control partners.
• Manage the overall relationship of our partners and stakeholders
• Collaborate with partners to prioritize and develop impactful programs and materials to support proprietary sales teams
• Identify opportunities to improve efficiencies, develop best practices and work with Control Partners to improve process

Key Quantitative Metrics:

• FP: Dispersion, Managed Solution Adoption, NAG & AUM Growth
• PIA: % of discretionary, dispersion, fee-based, asset allocation
• PIC: model adoption, dispersion, centrally managed, asset allocation
• Measure use of firm's investment strategy process
• Measurable use of firm model portfolios
• Measurable use of firm's wealth personality tool
• NAG and revenue growth across all channels
• LRM completion
• PMP application completion

What will success look like?

• Ability to efficiently scale book analysis generation, coach & transition across our three advice channels
• Changing behavior and mindset of with regard to the activities that underscore Professional Investment Management. 
• Recognition, understanding & implementation of the components of Professional Investment Management across our Advisors and Field Management.
• Accelerated AUM growth, less security dispersion & enhanced practice efficiencies as a result of advisors adopting recommended solutions
• Adoption of firm or customized investment models that are then being deployed across the majority of books across our three advisor channels
• Deeper advisor & Branch Manager knowledge of the different investment platforms, pricing methodologies and the adoption of new technology
• A well-documented investment plan / philosophy for all advisory clients
• Broader adoption of wealth management activities within all advice channels.
• Build and maintain strong relationships with key partners, integrating strategies when desirable, sharing KPIs and build towards a one voice approach with our Advisors
• Meeting and exceeding team OKR metrics across a variety of business situations
• Deployment of team to best meet needs & priorities of the business.
• Improve cohesiveness of team activities both within WIO and with our partners.
• Championing and key resource in building a defined Investment Management process across TD Wealth;

- Discovery Process
- Formalizing Risk Return Framework
- Asset Allocation Guidance
- Managing Behavioral Biases
- Wealth Personality Assessment
- Investment Strategy and Tactics
- Portfolio Construction and Execution
- Performance Review and Benchmarking
- Usage of Investment Management Marketing

Education/Accreditations:
• Undergraduate degree with a major/speciality in Business, Finance, Statistics, Mathematics 
• Investment industry accreditation (e.g., CSC, CIM) 
• Completion of or working towards completion of the CFA Institute’s Chartered Financial Analyst (CFA) designation
• Financial planning & Post-graduate degree designation desirable

Other Qualifications/Skills/Experience:
• 15+ years of experience in a variety of roles in the financial services industry 
• Team development, management, leadership and one-one-one coaching experience a necessity
• Practice Management experience an asset
• Strong knowledge of financial markets
• Strong understanding of TD Wealth's managed products including mutual funds, ETFs, and SMAs
• Strong knowledge of TD Wealth's investment management platforms, deployment and pricing methodologies
• Relevant experience & knowledge with regard to working with advisors and their teams
• Strong time management, prioritization and organizational skills are required to manage multiple deadlines and priorities
• Strong verbal written & presentation skills
• Strong interpersonal and relationship management skills needed to effectively work with other members of the team and other areas of TD Wealth 
• Excellent technical skills and a strong working knowledge of Microsoft Office are required; strong Microsoft Excel skills are essential 
• Knowledge and understanding of Bloomberg and Morningstar is preferable 
• Ability to work both independently and as a team player
• Outgoing individual who demonstrates keen initiative, flexibility and ability to react quickly to changing needs, positively rising to challenges presented
 

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.
 

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you

Language Requirement:

N/A. Similar Jobs (1) Manager, HNW Planning remote type Hybrid locations Toronto, Ontario time type Full time posted on Posted 3 Days Ago

Our Values
At TD we’re guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.
Our Commitment to Diversity, Equity, and Inclusion
At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.
Helping to Make an Impact in Communities – TD Ready Commitment
TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That’s why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of C$1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It’s our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities. Learn more: Canada | US | Europe & Asia Pacific

#J-18808-Ljbffr

---