Vice President, Private Equity - BMO Global Asset Management page is loadedVice President, Private Equity - BMO Global Asset ManagementApplylocationsToronto, ON, CANtime typeFull timeposted onPosted 2 Days Agojob requisition idR230021092Application Deadline:
01/02/2024Address:
100 King Street WestJob Family Group:
Strategy & ChangeJob Description:
Reporting to the Head of BMO Global Asset Management Private Equity, the Vice President, Private Equity is a key member of the private equity team with a broad range of responsibilities that include sourcing, due diligence, deal execution, portfolio management and management reporting for existing and future private equity funds/programs managed on behalf of institutional and private wealth clients.The individual will partner with the Head of Private Equity to expand BMO’s global presence in the private equity sector. The role requires an experienced individual that is inquisitive, conscientious and possesses the competencies and desire to grow the private equity business within a renowned, global, Canadian financial institution by being actively involved in all aspects of the business.
Investment Management
Participating in all stages of a transaction including initial deal-flow identification, due diligence, preparation of investment papers, review of legal documents, management of capital calls and distributions and quarterly reporting
Analyzing and reviewing financial and operating information relating to private equity fund investments and co-investments
Performing comprehensive research and due diligence on new investment opportunities
Preparing and/or reviewing financial models
Assessing the strengths and risks of each proposed investment
Summarizing the investment thesis in an investment memorandum for presentation to an Investment Committee
Reviewing and negotiating legal agreements, including Limited Partnership Agreements and Subscription Agreements
Conducting benchmark analysis using external Private Equity data sources such as Preqin, PitchBook, Burgiss and/or Cambridge Associates
Preparing quarterly performance reports for a portfolio of fund investments and co-investments
Verifying portfolio data to ensure accuracy
Reviewing and analyzing quarterly NAV statements and completing Mark-to-Market adjustments for existing portfolio investments, if required
Monitoring cash flows (capital calls and distributions) for the managed funds and their underlying investments
Completing reporting requirements, developing reports, and providing ad-hoc reporting
Relationship Management
Establishing effective business relationships within the Canadian, U.S., U.K., and Western European private equity industry
Collaborating with BMO partners that are also active in private equity industry
Liaising regularly between the various BMO Global Asset Management teams that support the business (e.g., product, distribution, legal, tax)
Maintaining strong relationships with investors
Business Development
Promoting both the private equity capabilities of BMO GAM and the business’s global products to North American institutional and qualified, accredited, high net worth investors
Drafting offering memoranda and investor presentations
Collaborating with BMO GAM’s Distribution team as well as BMO Private Wealth Management to identify and market to prospective investors
Collaborating with the BMO GAM Product team in the launch of new products
Risk Management & Compliance
Managing the portfolio within established risk framework
Monitoring activities to ensure ongoing compliance with risk appetite, framework, and policies
Ensuring that new proposed investments comply with Anti Money Laundering protocols
Collaborating with the BMO Legal and BMO Tax teams to effectively manage the risks to the investors and BMO
Authorities
Scope & Impact
As a key member of the Private Equity team, the successful candidate’s responsibilities will include developing innovative solutions to provide target markets with access to the private equity asset class and growing the private equity portfolios. The successful candidate will be involved in all stages of the transaction process, including initial deal flow identification, due diligence, preparation of investment papers, review of legal documents, management of capital calls and distributions and regular quarterly reporting.
Cross Functional Relationships
The role will involve some client-facing activity and there is scope for the successful candidate to be involved in business development. There will be a need for regular liaison and contact with our internal partners. The candidate will have a high regard for risk management and compliance procedures.
Knowledge & Skills
Education and Qualifications
An undergraduate degree, preferably with a degree in business
CA or CFA qualification is an asset
MBA is an asset
Experience investing in the private equity sector (funds and co-investments) with at least 8 years’ experience
Skills and Abilities
Strong financial skills and investment acumen
Proven ability to work with seasoned private equity professionals
An understanding of the value creation process in private equity
Deep analytical skills to assess the merits and risks of private equity investments
Ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized and concise manner
Ability to negotiate and communicate fund and deal structures
Excellent verbal and written communication skills
Strong interpersonal skills used within a collaborative and demanding team environment
Capability to independently function as part of a small team through self-motivation
Role Details
There is scope for the role to expand as the team grows.
Based on the 43rd floor of First Canadian Place, the successful candidate will work in a Canadian hybrid work environment
The successful candidate will work as a member of a smaller team in GAM
Travel may be required
We’re here to help
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us athttps://jobs.bmo.com/ca/en.
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.About UsBMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good.
Who we are
We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services.As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers.In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.#J-18808-Ljbffr