Managing Director, Funding

Fonction publique de l'Ontario; Toronto; On-site; CAD 247,000 - 262,000; Full time

Job summary

Ontario Financing Authority seeks a dynamic leader to oversee borrowing and debt issuance aligned with provincial funding needs. You will monitor markets, build relationships with financial institutions, and guide strategic funding decisions across the public sector.

This leadership role requires strong capital markets knowledge, bold decision-making, and a commitment to inclusive, high-performing teams that deliver results for Ontario.

Qualifications

• Demonstrated leadership experience and ability to manage teams through change.
• Strong analytical skills and knowledge of capital markets.
• Ability to build and maintain relationships with financial institutions.

Responsibilities

• Lead borrowing initiatives to finance provincial funding needs.
• Monitor market conditions and adjust funding strategies accordingly.
• Develop and maintain relationships with domestic and international financial institutions.
• Monitor financial markets to identify trends impacting funding decisions.
• Collaborate with stakeholders to support funding operations and strategic decisions.
• Provide leadership and direction in a dynamic funding environment and develop talent.

Skills

Fixed income

Money markets

Derivatives

Relationship building

Strategic leadership

Education

Bachelor's degree in finance/economics

Tools

Risk management software

MS Office

Job description

Apply By: Thursday, October 8, 2026 11:59 pm EDT

AOF03 - Finance Management & Control Group

Please note: Effective April 1, 2026, the salary range for this position is $246,998.00 - $261,754.00 per year.

Fund Ontario's Future. Navigate Global Markets. Lead Strategic Borrowing Decisions.

Are you a dynamic leader with strong financial markets expertise and a passion for shaping funding strategies? If so, consider this opportunity to join the Ontario Financing Authority!

As the Managing Director, Funding, you will lead borrowing strategies and debt issuance activities that support the Province's and Ontario Electricity Financial Corporation's funding requirements. You will monitor market and economic developments, maintain relationships with financial institutions, identify emerging trends, and work with stakeholders across the Ontario Financing Authority and broader public sector organizations to advance Ontario's funding objectives.

The Ontario Public Service: Strengthening Ontario, together.

A career in the Ontario Public Service (OPS) is driven by purpose. We're building a stronger Ontario by delivering programs and services that make a real difference in people's lives. If you share this ambition, you'll find a workplace that reflects the diversity of the people we serve and empowers you to lead with confidence.

Why Your Leadership Belongs Here

• Purpose that drives you: Lead work that matters. Your leadership will shape policies, programs, and services that improve lives across the province—every day.
• A culture that supports you: Thrive in a flexible, inclusive, and respectful workplace that values your well-being and empowers you to bring your whole self to work.
• A career that grows with you: Explore leadership opportunities across ministries and sectors. With access to mentorship, learning, and mobility, your career can evolve here.
• Recognition that reflects your impact: We value the difference you make. You'll receive competitive pay, a defined-benefit pension, and benefits that support your well-being—plus meaningful recognition for your contributions

About the job

We hold our leaders to high standards because we believe in their potential to drive meaningful change. In the Ontario Public Service, leadership means showing up with authenticity, acting with integrity, and having the courage to do what's right—even when it's hard.

As a leader, you'll be expected to create a team culture that encourages innovation, supports collaboration, and champions inclusion. You'll help build a diverse, anti-racist, and accessible workplace where everyone feels safe, respected, and able to thrive.

Leadership is about impact—and in these roles, you'll have the opportunity to make a meaningful one. You will:

• Lead the development and execution of borrowing initiatives to finance the Province's and Ontario Electricity Financial Corporation's funding requirements
• Evaluate and recommend borrowing strategies by monitoring and incorporating evolving economic and financial market conditions
• Build and maintain relationships with domestic and international financial institutions to support funding activities and market intelligence gathering
• Monitor financial markets and economic developments to identify emerging trends and assess their potential impact on funding strategies
• Collaborate with stakeholders across the Ontario Financing Authority and broader public sector organizations to support effective funding operations and strategic decision-making
• Provide leadership and strategic direction in a dynamic funding environment, building strong relationships, developing talent, and supporting the achievement of divisional and organizational goals

Meet Your New Team

The Capital Markets Division develops and executes the Province of Ontario's borrowing and debt management programs, invests funds for the Province and specific government entities, and provides investment management services to the Ontario public sector.

Within the division, the Funding team monitors domestic and international bond and capital markets and executes borrowings in these markets to meet the long-term and short-term public borrowing requirements for the Province and Ontario Electricity Financial Corporation.

What you bring to the team

Leadership Experience:

• Experience leading, mentoring, and developing high-performing teams through change and transformation
• Ability to set priorities, recommend solutions, and deliver results under tight timelines
• Proven commitment to fostering an inclusive, collaborative, and engaged workplace
• Strong relationship-building skills with the ability to motivate and work effectively with diverse technical professionals
• Sound judgment, integrity, and discretion in managing sensitive and confidential financial information

Technical Expertise:

• Knowledge of fixed income, money markets, foreign exchange, derivatives, and related capital market instruments
• Understanding of economic, financial, and statistical principles, with an emphasis on capital markets and funding activities
• Strong knowledge of risk management principles and sound judgment in evaluating and executing financial transactions
• Knowledge of financial management, reporting, and control frameworks, processes, and systems
• Proficiency using financial analysis tools and software to support market analysis, funding decisions, and transaction execution

Research and Analytical Skills:

• Demonstrated ability to assess economic, market, and investor trends to support funding decisions and borrowing strategies
• Experience analyzing financial market developments and evaluating their implications for funding programsAbility to assess new and emerging financial instruments and recommend appropriate financing options and solutions
• Proven analytical skills to develop and present funding strategies that support diversified and cost-effective sources of financing

Communications and Relationship Management:

• Strong relationship-building skills with the ability to develop and maintain effective partnerships with financial institutions, investors and other market participants
• Demonstrated ability to identify issues, evaluate options, and provide strategic advice to support organizational objectives
• Excellent verbal and written communication skills, including the ability to prepare briefings, presentations, and recommendations
• Strong negotiation and influencing skills, with the ability to achieve results through collaboration with diverse stakeholders

Don't meet every qualification?

We recognize that no one person might have every qualification in this job ad, and you just might be the right candidate!

How we support diversity, inclusion and accessibility

We are building an inclusive workforce that reflects the communities we serve. We encourage everyone interested in working with us to apply, including people with disabilities, Indigenous, Black and racialized individuals, as well as people from all ethnicities, cultures, sexual orientations, gender identities and gender expressions.

Our hiring process is accessible, consistent with Ontario's Human Rights Code and the Accessibility for Ontarians with Disabilities Act, 2005. We are working to prevent and remove barriers in our hiring processes and can offer accommodation to address specific needs related to Code-protected grounds such as disability, family status and religion. For more information about accommodation during the hiring process please contact us.

Learn more about the work the OPS is doing to create an inclusive, anti-racist, accessible and diverse workplace:

• diversity, equity and inclusion initiatives
• accessibility
• Anti-Racism Policy

• Customize your cover letter and resume to the qualifications listed on the job ad. Using concrete examples, you must show how you demonstrated the requirements for this job. We rely on the information you provide to us.
• OPS employees are required to quote their WIN EMPLOYEE ID number when applying.
• If you require a disability related accommodation in order to participate in the recruitment process, please ContactUs to provide your contact information. Recruitment services team will contact you within 48 hours.

Language requirements and assessment: All external Ontario Public Service (OPS) job ads are posted in English and French. Check the "position(s) language" section at the top of each job ad for the language requirements. For all roles, candidates are assessed in English, the business language of the OPS. If the position is bilingual (English/French), you'll also need to pass a French-language proficiency test.