Vice President, Private Equity - BMO Global Asset Management

Application Deadline:

04/28/2024

Address:
100 King Street West

Job 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

Compensation

Please note there is a variable compensation component to this role.

Grade:
7
Job Category:
People Manager / Gestionnaire
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.

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.

Category

Management and Executive