Managing Director, Interest Rates

hoopp; Toronto; On-site; CAD 350,000 - 550,000; Full time

Benefits offered by this job

Pension plan

Health benefits

Learning & development

Wellness programs

Job summary

HOOPP is seeking a Managing Director, Interest Rates to lead the development and execution of the interest rate investment strategy, delivering strong risk-adjusted returns in HOOPP's Total Portfolio approach. The role requires deep expertise in global fixed income, with emphasis on Canadian and U.S.

rates markets, portfolio construction, and performance management. The successful candidate will collaborate with senior leaders across Capital Markets and drive growth of the Interest Rates

Qualifications

• 15+ years of direct investment management experience with deep expertise in Canadian and U.S. rates markets.
• Experience with cash and derivatives across nominal and inflation-linked markets.
• Proven leadership experience managing an investment team and driving strategic direction.

Responsibilities

• Lead development, implementation and trading of global interest rate strategies within risk and liquidity guidelines.
• Identify strategic and tactical opportunities to generate alpha in Canadian and U.S. rates markets.
• Oversee portfolio construction and capital allocation across cash and derivatives.
• Develop and run quantitative research to improve decision making and efficiency.
• Mentor investment professionals and build leadership capability across the team.

Skills

Fixed income

Leadership

Portfolio management

Quantitative analysis

Macro analysis

Communication

Education

Bachelor's in Finance/Economics/Engineering/Related

CFA designation or advanced degree

Tools

Bloomberg Terminal

Python

Excel

Job description

Why you'll love working here:

• high-performance, people-focused culture
• our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves
• learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees' career growth
• membership in HOOPP's world class defined benefit pension plan, which can serve as an important part of your retirement security
• competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).
• optional post-retirement health and dental benefits subsidized at 50%
• yoga classes, meditation workshops, nutritional consultations, and wellness seminars
• the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers

Job Summary

The Managing Director, Interest Rates is accountable for developing and implementing the interest rate investment strategy to deliver strong risk-adjusted returns in support of HOOPP's Total Portfolio Approach.

The role requires deep expertise in global fixed income markets with a particular focus on Canadian interest rate markets. The Managing Director is accountable for portfolio construction, capital allocation, investment strategy and performance, talent development and the continued evolution of the Interest Rates strategy. The successful candidate will get an opportunity to partner with other senior investment leaders across various teams in Capital Markets.

What you will do:

• Leading the development, implementation and trading execution of global interest rate strategies within liquidity, risk and mandate guidelines ensuring these strategies are aligned with HOOPP's Total Fund objectives and risk parameters.
• Identify and implement both strategic and tactical opportunities to generate alpha specifically in Canadian and U.S. interest rate cash and derivatives markets, with an emphasis on disciplined trade implementation within the context of the Fund portfolios.
• Apply deep expertise of Canadian market liquidity sources to directly execute transactions.
• Identify trading signals and dislocations via analysis of central bank policy, market structure, macroeconomic investment themes and investor behaviors.
• Oversee portfolio construction and optimize capital allocation decisions for the portfolios across cash and derivative securities in accordance with the Firm's opportunity set, VaR and capital usage, and liquidity guidelines.
• Ideate, develop and conduct quantitative research initiatives and analytical tool building to improve investment decision making and portfolio efficiency.
• Partner with Risk and analytics teams to enhance investment tools, stress testing, scenario analysis, and portfolio reporting.
• Assist in development and growth of Interest Rates business, including new and profitable adjacent strategies like inflation-linked and U.S. agency markets.
• Drive technological implementation of automation and AI-related initiatives.
• Develop, mentor and inspire investment professionals while strengthening leadership capability, succession pipelines, and talent retention.
• Build and maintain relationships with external market professionals: dealers, research providers, industry peers, and the broader investment community.
• Communicate clearly internally and externally to senior leadership and governance bodies on portfolio strategy and performance, risk positioning, market developments and recommendations.
• Collaborate closely with Total Fund Management, Balance Sheet and Liquidity Management, Risk, and other investment teams to support strategy, governance, liquidity planning, and asset mix decisions at the Fund level.

What you bring:

• An undergraduate degree in one of the following: Finance, Economics, Mathematics, Engineering, Business, or a related discipline; a CFA designation or advanced degree is preferred.
• 15+ years of direct investment management experience with deep expertise specifically in Canadian and U.S. rates markets, including both cash and derivatives products, with experience in benchmark aware and proprietary macro investing across nominal and inflation-linked developed markets.
• A demonstrated record of success managing large institutional portfolios delivering strong risk-adjusted performance through different market cycles; implying strong skills in portfolio construction, capital allocation, direct trade execution and risk management, contributions to the strategic direction of the investment business.
• Proven leadership capability with experience leading an investment team and business: settin