Assistant Vice President, Private Wealth

Job ID#: 1046

Location: New York, NY

Schedule: Full-time

Employment Type: Permanent

With approximately CAD 179.5 billion in assets under management as of June 30 2021, Fiera Capital, an independent firm, is one of Canada’s leading investment managers. We deliver customized multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia. We strive to be at the forefront of investment-management science, and we are passionate about creating sustainable wealth for clients. Fiera Capital is recognized for our talented people. Our teams collaborate and seek to draw on the global industry’s most innovative and diverse offerings to craft strategies that meet the needs of any client, anywhere they are located.

Why join Fiera Capital:

• Inclusive workplace and diverse background of employees
• Growth and development opportunities
• Entrepreneurial industry-leading company with a purposeful mission
• Flexible work arrangements, competitive compensation and benefits
• Collaborative approach, innovative and culture of integrity
• Ambitious organization who strives for excellence

What we are looking for:

Reporting to the Executive Vice President, Head of US Private Wealth, the Assistant Vice President assists in portfolio analysis, asset allocation decisions for various accounts, development of marketing and reporting materials.  Client contact will range from sourcing and helping with client questions to working with a client to determine their investment objectives, asset allocation, time horizon and risk tolerance.  Our objective is to ensure high quality and personalized investment management service to private wealth clients.

Your responsibilities:

• Work closely with portfolio managers in the day-to-day management of accounts (monitor daily cash balances, review trades for proper account allocation, follow through on putting trades into our system, become familiar with investment guidelines, understand and respect client’s investment objectives and risk tolerance as well as various restrictions);
• Assist in the creation, maintenance, and updating of Investment Policy Statements (IPS):
• Create Investment Policy Statements with the client portfolio manager for current and prospective clients;
• Overtime, will serve as a portfolio manager for a set of clients along with a backup manager;
• Work with manager to ensure portfolios are being managed according to guidelines; this entails careful monitoring of the strategists selected as managers for the various accounts; 
• Regularly review portfolio to ensure that the asset allocation targets are being followed and that the strategists are managing the accounts appropriately;
• Understand alternative investments that are both income and capital appreciation oriented; must be able to determine if they are appropriate for a client.  If so, will work with client to develop correct asset allocation to various alternatives;
• Assist in the preparation of client presentations; this includes:
• Conceptualization of the presentation that will be easy for the client to understand;
• Use standard material if possible and help develop standard material;
• Prepare periodic reports for clients and consultants, including quarterly letters;
• Collaborate on designing market and economic charts;
• Respond promptly and effectively to various client requests for quantitative and qualitative information.

Must have requirements to be successful in this role:

• Bachelor’s degree in Finance or any other related field;
• CFA or MBA is considered an asset;
• Minimum of 7 years of relevant experience;
• Advanced proficiency in Microsoft Excel and PowerPoint;
• Knowledge of both equity and bond markets as well as the various sectors within these markets;
• Working Knowledge of bond and equity formulas in portfolio management/asset allocation;
• Knowledge of the LLPs and how they work as to liquidity, carry, lock-up, and pricing;
• Creative, thoughtful and personable.

Please submit your resume via our website.

The use of masculine is for the sole purpose of lightening the text and refers to both women and men.

Fiera Capital subscribes to the principle of employment equity. Our staff are our most valuable asset and our goal is to create an inclusive and equitable environment where everyone can reach their true potential.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability, genetic information, or any other federal, state or local protected class. Fiera Capital will not tolerate any form of discrimination or harassment.

All staffing decisions, including hiring and promotion decisions, will be based on merit, skills, performance and business needs. We are pleased to receive applications from qualified individuals from a variety of backgrounds. Job applicants who are individually selected for an interview will be notified that accommodations are available upon request. If a selected participant requests accommodation, Fiera Capital shall consult with the applicant and provide, or arrange for the provision of, a suitable accommodation in a manner that takes into account the applicant’s accessibility needs due to disability.

We thank all applicants for their interest in a career with Fiera Capital. We will only communicate with those selected for an interview.

Please stay vigilant and never share personal or confidential information during this hiring process unless it is through Mintz Global Screening, the secured platform we use to exchange such information. If in doubt, or if you think you have been a victim of fraudulent manoeuvres during your hiring process, please contact us.