Institutional Trader (Vancity Investment Management)

Vancity; Vancouver; Hybrid; CAD 90,000 - 100,000; Full time

Job summary

An established industry player is seeking a talented Institutional Trader to join their dynamic team. This permanent, full-time role offers hybrid working arrangements, allowing you to balance office and home work effectively. You will be at the forefront of managing daily trading workflows, executing trades, and enhancing trading capabilities. The ideal candidate will possess strong quantitative skills, a solid understanding of trading environments, and a commitment to ethical standards. Join a forward-thinking organization that values diversity and empowers its employees to thrive in a supportive environment.

Benefits

Flexible vacation allowance

Comprehensive benefits package

Defined benefits pension plan

Additional statutory holidays

Living wage employer

Wellness days for personal illness

Qualifications

• 5+ years of experience on a buy-side or sell-side trading desk.
• Strong programming background in trading technology.
• Knowledge of rules and regulations governing trading.

Responsibilities

• Manage daily trading workflows for the Fund Sub-advisory team.
• Execute equity trades using traditional and electronic strategies.
• Conduct transaction cost analysis and post-trade analytics.

Skills

Quantitative Problem-Solving

Mathematical Aptitude

Trading Benchmarks Knowledge

Execution Strategies

Market Microstructure

Relationship Management

Trading Platforms Proficiency

Ethical Standards

Education

Undergraduate Degree in Applied Math

Undergraduate Degree in Statistics

Undergraduate Degree in Finance

Chartered Investment Manager (CIM)

Chartered Financial Analyst (CFA)

Tools

Bloomberg Terminal

OMS/EMS Systems

Job description

About Vancity

Vancity is a member-owned credit union built on the principles of inclusion and social justice. A relentless commitment to their values has helped them challenge the status quo and break down barriers since day one in 1946. They have bold commitments to make Vancity net-zero by 2040 across all mortgages and loans and are pursuing strategies on Indigenous banking and to improve the financial resilience of their members.

Vancity Investment Management (VCIM) is a rapidly growing leader in Responsible Investing with $4 billion in assets under management. We offer retail and institutional clients an active, integrated investment process that utilizes shareholder engagement and incorporates Environmental, Social and Governance (ESG) analysis and traditional financial analysis in the construction and management of investment portfolios.

About the workplace

The VCIM team is looking for an Institutional Trader to manage daily institutional trading workflows for the VCIM Fund Sub-advisory business. The candidate must have experience on a buy side or sell side trading desk, understand the Bloomberg trading environment and be comfortable trading in a multi-custodian environment.

This is a permanent, full-time role that will enjoy hybrid working arrangements which can be fulfilled primarily from the VCIM office and your Lower Mainland based home office. This role may require you to work in-office at least once a week.

A typical day would involve:

• Managing the daily trading workflows for the Fund Sub-advisory team
• Executing equity trades using traditional and electronic strategies
• Conducting transaction cost analysis and post-trade analytics to measure trading efficiency and identify areas for improvement
• Developing best execution practices and processes
• Analyzing systems, data, securities and marketplaces against cashflows and portfolio requirements and providing detailed feedback to VCIM Portfolio Managers for strategic decision-making purposes
• Operating, maintaining and enhancing the Bloomberg environment used to support trading workflows
• Leading the implementation of key projects to enhance VCIM’s trading capabilities for new and existing products
• Troubleshooting and resolving trading and technical issues in a timely and risk appropriate manner
• Managing relationships with brokers, vendors and the Investment Management Team

You have:

• An undergraduate degree in a highly quantitative field, such as Applied Math, Statistics, Engineering, Mathematical Finance, Finance or Economics
• Outstanding quantitative problem-solving skills and mathematical aptitude
• At least 5 years of experience on a buy-side or sell-side trading desk at a Canadian financial institution
• Strong knowledge of trading benchmarks, execution strategies and market microstructure
• Strong programming background and experience configuring and operating complicated trading technology
• Strong relationship management skills while working in a fast-paced highly competitive environment with tight deadlines and competing priorities
• Proficiency with trading platforms and tools (OMS/EMS systems) and multi-custodian trading workflows
• A working knowledge of the rules, regulations, procedures and policies governing this work
• High ethical standards and a commitment to uphold fiduciary responsibilities
• The ability to manage trading activities during non-standard hours, including Asian and European time zones
• A Chartered Investment Manager (CIM) or Chartered Financial Analyst (CFA) designation would be a strong asset

You are:

• A decisive problem solver - You diagnose challenges and issues, develop innovative business solutions and assess risks and opportunities that may affect the business
• An excellent communicator - You use your written, spoken and interpersonal skills to act as a resource for the specialized area and provide insights, advice and explanations while responding to inquiries and supporting the investment management and member-facing teams
• A self-starter and organized planner - You use your coordination skills to create the best approach to address analytical, reporting and business challenges as efficiently as possible
• A collaborative team player – You work with others, participating in discussions, sharing expertise, and supporting colleagues to achieve shared goals.
  
  

We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.

The base salary range for this role is $90,000-100,000 annually plus incentive pay annually. The upper half of the salary range is typically reserved for individuals who have demonstrated consistent strong performance in the role and possess a high level of job knowledge and skill.

Posting Deadline: Posted until filled

A career at Vancity is more than just a job, you’re joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay, we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

We offer:

• We are the largest private-sectorLiving Wage Employerin Canada and have been consistently recognized as one of theTop Employers in Canada.
• Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs.
• New employees receive between three to four weeks of vacation allowance per calendar year, and the number of vacation days grows
• In addition to the 10 statutory holidays in British Columbia, Vancity provides an additional three statutory holidays. We offer care days for periods of short-term personal illness or emergency family illness.
• We have flex credits for our health care & dental benefits offer three levels of coverage for you to select from. These benefits will also be effective immediately based on your hire date.
• We understand that retirement means different things to different people and at Vancity we will offer you a Defined benefits pension plan that pays you a retirement income for life.

At Vancity we’re committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent, understand and respond to our community needs and deliver on our member experience.

We are committed to providing an inclusive and accessible recruitment experience for all candidates. If you require any accommodations at any stage of the recruitment process, please reach out to our Talent Acquisition team at [e-mail] for confidential support. In-person assistance is also available. We will collaborate with you to ensure your needs are met promptly and effectively.