Fixed Income Trader

AGF Management Limited; Old Toronto; On-site; CAD 80,000 - 140,000; Full time

Job summary

A forward-thinking asset management firm is seeking a Fixed Income Trader to join its dynamic Investment Management team in Toronto. In this pivotal role, you will be responsible for analyzing the fixed income market, generating innovative trade ideas, and executing trades across diverse bond mandates worth over $6 billion. The ideal candidate will have a strong background in fixed income trading, credit analysis, and a keen understanding of market dynamics. This is an exciting opportunity to contribute to a culture of curiosity and innovation, where your expertise will directly impact investment outcomes for a wide range of clients. If you thrive in a fast-paced environment and are passionate about fixed income markets, this role is perfect for you.

Qualifications

• 5+ years of experience in fixed income sales, trading, or credit analysis.
• Strong understanding of North American fixed income markets.

Responsibilities

• Generate and propose trade ideas by identifying market mispricing.
• Execute fixed income trades across various mandates.

Skills

Fixed Income Trading

Credit Analysis

Market Monitoring

Idea Generation

Collaboration

Self-motivation

Understanding of Economic Fundamentals

Education

Financial Background

Accounting Background

Tools

Fixed Income Derivatives

Trading Platforms

Coding Skills

Job description

Founded in 1957, AGF Management Limited is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, private capital, and high-net-worth businesses. Our suite of diverse investment solutions extends globally to a wide range of clients, from individual investors and financial advisors to institutions, including pension plans, corporate plans, sovereign wealth funds, endowments and foundations. Our commitment to the principles of good stewardship and responsible investment is a positive differentiator for AGF. We believe integrating Environmental, Social and Governance (ESG) issues into our investment decision-making and ownership practices across platforms will help deliver better investment outcomes to our clients.

About the Team:

AGF Fixed Income team is looking for a Fixed Income Trader to join our Investment Management team in Toronto. The Fixed Income team is responsible for managing AGF’s bond mandates worth over $6 billion spread over a variety of strategies: core plus, high yield, emerging markets, total return, target date, and convertibles.

AGF’s growth and success are the direct result of employees’ commitment and dedication, and in particular our disciplined approach to investing. At AGF, our tenure, expertise and access to global firm resources has allowed us to maintain a disciplined approach while at the same time embracing a spirit of research and innovation to adapt. We believe a culture of curiosity, open dialogue and challenging each other’s ideas leads to better investment outcomes and helps to continually raise the bar for our clients.

Your Responsibilities:

• Idea generation: Analyze, generate and propose trade ideas by identifying mispricing in cross-asset markets, engage in relative value trading, and execute within the boundaries of mandate suitability and constraints.
• Execution: Execution of fixed income trades (investment grade, high yield/distressed, syndicated bank loans, convertibles, rates and fixed income derivatives) across all the bond mandates.
• Analysis: Formulates and articulates both specific and comprehensive credit perspectives, collaborating closely with the research team to ensure thorough due diligence and rigorous credit analysis.
• Market monitoring: Monitor the market and communicate factors that impact portfolio’s buy/sell decisions. This includes understanding economic fundamentals, supply and demand dynamics, seasonal events and technical factors that drive the fixed income markets.
• Portfolio Monitoring: Track portfolios for optimal structure, sector weightings, and positioning relative to manager expectations.
• Collaboration: Constantly engaging and interacting with the portfolio managers to effectively implement trade ideas.
• Support: Clear understanding of account guidelines and monitor portfolios for compliance with guidelines. Support settlements and pricing functions.

Your Qualifications:

• Experience: 5+ years of fixed income sales/trading/execution/credit analysis experience (credit, rates, or fixed income derivatives).
• Working knowledge of North American fixed income markets and good understanding of bond portfolio management/construction/trading including but not limited to market technicals, supply/demand dynamics, credit spreads and credit quality.
• Financial & accounting background strongly recommended.
• Self-motivated and ability to work in a fast-paced environment.
• Experience with fixed income derivatives trading would be an asset.
• Coding skills are an asset.

No unsolicited agency referrals please.

AGF is an equal opportunity employer. AGF welcomes and encourages applications from people with disabilities. Accommodations are available on request in all aspects of our recruitment and selection process. It is the Company's policy to recruit and select applicants for employment solely on the basis of their qualifications, with emphasis on selecting the best qualified person for the job. AGF does not discriminate against applicants based on race, color, religion, sex, national origin, or disability or any other status or condition protected by applicable legislation.