Director Capital Markets & Treasury

City of Toronto; Toronto; On-site; CAD 223,231 - 296,400; Full time

Job summary

A major Canadian municipality is seeking a Director, Capital Markets & Treasury to lead financial strategy and oversee multi-asset portfolios. This senior executive will provide guidance on investment strategies, manage debt issuance, and maintain the City's financial stability. The ideal candidate has substantial experience in financial leadership, investment management, and regulatory compliance. Strong negotiation skills and the ability to communicate complex financial information to stakeholders are essential for success in this pivotal role.

Qualifications

• 10+ years of experience in financial leadership roles, particularly in public sector.
• Experience overseeing complex portfolios including fixed income and equities.
• Proven record in public sector debt issuance and negotiation with investment banks.

Responsibilities

• Guide the City's investment strategy and oversee investment portfolios.
• Lead the planning and execution of the City's debt issuance program.
• Represent the City to institutional investors and financial partners.

Skills

Leadership in financial management

Negotiation skills

Investment strategy development

Risk management

Education

Post-secondary degree in finance or related field

CFA, CPA, or MBA

Job description

Job Category: Finance, Accounting & Purchasing

Division & Section: Finance and Treasury Services, Office of the Chief Financial Officer

Work Location: City Hall, 100 Queen Street West

Job Type & Duration: Full Time, Permanent

Salary Range: $223,231.00 - $296,400.00, Wage Grade 12

Affiliation: Non-Union

Number of Positions Open: 1

Posting Period: 05-March-2026 - 31-March-2026

The City of Toronto is seeking an accomplished and forward-thinking financial leader to serve as the Director, Capital Markets & Treasury. This is a pivotal executive role responsible for guiding the City’s investment strategy, overseeing its multi‑asset portfolios, and ensuring Toronto’s financial stability through prudent, well‑timed debt issuance and long-term financing decisions.

As one of Canada’s largest and most complex public‑sector issuers, Toronto operates in sophisticated and constantly evolving capital markets. The Director plays a critical role in positioning the City to navigate risk, preserve liquidity, safeguard public funds, and support major city‑building initiatives through responsible financial management.

Reporting to the Chief Financial Officer & Treasurer, the Director is a trusted advisor to City Council, senior leadership, and the Toronto Investment Board, shaping financial strategies that influence both near‑term operations and long‑term economic resilience. The role requires exceptional judgment, political acuity, and the ability to operate confidently in high‑visibility settings, from Council chambers to boardrooms with banks, rating agencies, and large institutional investors.

The Director will provide guidance and leadership in the areas of:

The Director provides strategic direction and oversight for the City’s capital markets, investment, and treasury functions. You lead the development, implementation, and ongoing maintenance of investment, debt, liquidity, and treasury policies in alignment with legislative and regulatory requirements. You also serve as an advisor to the CFO & Treasurer, the Toronto Investment Board, City Council, and senior leadership on complex financial, capital market, and economic matters.

You oversee the City’s full suite of investment portfolios, including short-term, long-term, sinking fund, and both internally and externally managed assets. Delivering expert analysis, recommendations, and comprehensive materials, you will support the Toronto Investment Board in fulfilling its fiduciary responsibilities. The role is also responsible for evaluating external investment managers, consultants, and custodians, negotiating key contracts, and rigorously monitoring performance.

Capital Markets, Debt, and Financing

The Director leads the planning, structuring, and execution of the City’s debenture issuance program, ensuring alignment with market conditions and corporate financial needs. You monitor capital market trends and provide advice on optimal timing, structure, and scale of debt issuance. You will negotiate financing arrangements with banks, rating agencies, and major institutional partners such as the Canada Infrastructure Bank, FCM, and CMHC. This role also oversees liquidity, cash management, hedging strategies, and comprehensive financial risk management across the corporation.

Stakeholder & External Relations

You will represent the City to institutional investors, credit rating agencies, and major financial partners, serving as a key ambassador for the City’s financial strategy and performance. Delivering presentations on financial results, economic outlook, and investment strategy, you ensure clear and credible communication. The Director supports transparent investor relations practices to maintain a strong, reputable presence in capital markets.

Leadership & Operational Excellence

This leadership role is responsible for directing, developing, and motivating a team of senior professionals overseeing capital markets, investments, and treasury operations. You will ensure high standards of financial controls, compliance, reporting, and risk management, maintaining adherence to the Municipal Act, City bylaws, and all corporate financial policies. You will also champion psychological safety within your team, while encouraging innovation, continuous improvement, and operational efficiency across the division.

Key Qualifications

• Extensiveexperience developing and leading large‑scale investment, capital markets, and treasury programs within a public‑sector, financial institution, or institutional asset‑management environment.
• Extensive experience overseeing or managing complex portfolios that may include fixed income, equities, real assets, or externally managed funds, with responsibility for performance evaluation and risk management.
• Proven success in public‑sector or large‑scale debt issuance, including bond programs, negotiating with investment banks, managing credit‑rating processes, and determining strategic issuance timing and structure.
• Provenknowledge of regulatory requirements governing municipal investments, debt limits, risk management, financial controls, and fiduciary responsibilities associated with public funds.
• Considerableexperience preparing and presenting complex financial information to senior decision‑makers, Boards, or elected bodies, including the ability to provide clear recommendations based on financial analysis and market insights.
• Considerableexperience leading teams in a complex environment, including workforce planning, performance management, and promoting a culture of accountability and continuous improvement.
• Post‑secondary degree in finance, economics, business administration, or a related field. Designations such as CFA, CPA, or an MBA are considered strong assets.

Equity, Diversity and Inclusion

The City is an equal opportunity employer, dedicated to creating a workplace culture of inclusiveness that reflects the diverse residents that we serve. Learn more about the City’s commitment to employment equity.

Accommodation

The City of Toronto is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs. Disability-related accommodation during the application process is available upon request. Learn more about the City’s Hiring Policies and Accommodation Process.