Managing Director, Overlay Management

OMERS; Toronto; On-site; CAD 250,000 +; Full time

Job summary

A leading Canadian pension plan is seeking a Managing Director for Overlay Management in Toronto. Responsibilities include leading the Overlay team, developing dynamic asset allocation strategies, and presenting to executive leadership. The ideal candidate will have over 15 years of experience in the investment industry and a strong background in portfolio management across various asset classes. This role offers a chance to shape investment strategies in a collaborative and innovative environment.

Benefits

Commitment to diversity and inclusion

Opportunities for career growth

Supportive work environment

Qualifications

• 15+ years of experience in investment industry with portfolio management background.
• Proven track record in managing overlay strategies at scale.
• Exceptional interpersonal skills and strong communication abilities.

Responsibilities

• Lead the Overlay team and establish strategic direction.
• Collaborate with stakeholders to implement Overlay strategies.
• Manage multi-billion-dollar portfolios and develop allocation recommendations.

Skills

Leadership

Investment management

Communication

Derivatives expertise

Problem-solving

Education

Undergraduate or master’s degree in finance

Job description

Choose a workplace that empowers your impact.

Join a global workplace where employees thrive. One that embraces diversity of thought, expertise and experience. A place where you can personalize your employee journey to be — and deliver — your best.

We are a purpose-driven, dynamic and sustainable pension plan. An industry leading global investor with teams in Toronto to London, New York, Singapore, Sydney and other major cities across North America and Europe. We embody the values of our 600,000+ members, placing their best interests at the heart of everything we do.

Join us to accelerate your growth & development, prioritize wellness, build connections, and support the communities where we live and work.

Don’t just work anywhere — come build tomorrow together with us.

Know someone at OMERS or Oxford Properties? Great! If you're referred, have them submit your name through Workday first. Then, watch for a unique link in your email to apply.

Reporting to the EVP and Head, Global Multi-Asset Strategies, the Managing Director, Overlay Management is responsible for the leadership and development of the team and strategies that support investment management decisions at the Plan-level. The Managing Director will lead the implementation of portfolio rebalancing, completion portfolios, tail-risk hedging and dynamic asset allocation strategies. The successful applicant will have demonstrable experience managing exposures and building dynamic strategies across equities, bonds, credit, commodity and FX markets with an emphasis on the application of derivatives in these asset classes. This senior role will also be part of the Global Multi-Asset leadership team, where the incumbent’s contribution to the strategic direction of the broader group will be keenly sought.

As a Managing Director, you will consistently demonstrate investment excellence, including sound judgment and timely, well-reasoned decision-making skills. You will exhibit exceptional leadership qualities with a commitment to growing an engaged and collaborative team culture that is focused on investment results, innovation, mutual respect and diverse thinking.

As a member of the Global Multi-Asset Strategies team, you will be responsible for the following:

• Leadership of the Overlay team, establishing the vision and strategic direction of the group and areas of future focus, ensuring alignment with firm-wide investment objectives
• Build relationships and work collaboratively across the organization by providing expert advice to key stakeholders (e.g. Total Portfolio Management, Risk, Finance), on the implementation of Overlay strategies
• Provide total portfolio perspectives, ensuring Overlay strategies are aligned with overall balance sheet objectives
• Development and implementation of dynamic asset allocation recommendations to actively tilt exposures across asset classes
• Management of multi-billion-dollar completion and overlay portfolios and the creation of other completion strategies as required
• Dynamic management of option-based strategies to hedge portfolio risks
• Implementation of FX hedges as well as recommending and implementing active FX tilts
• Implementation of portfolio rebalancing while ensuring the ongoing improvement to the existing rebalancing strategy
• Represent the Global Multi-Asset Team in a senior capacity, presenting to the CIO, Portfolio Management Committee, Executive Leadership Team and Board as required
• Mentor and develop team members while providing them with an encouraging, enjoyable and supportive working environment

You bring the following skills and qualifications:

• A proven track record of outstanding leadership and of managing overlay strategies at scale, preferably within a pension, asset manager, or institutional investment setting
• Accumulated +15 years of relevant experience in the investment industry, preferably with a portfolio management background across multiple asset classes and currencies
• Undergraduate and/or master’s degree in a finance-oriented discipline
• Strong technical abilities, with deep understanding of derivative securities
• A track record of synthesizing different investment signals and discretionary views into well articulated investment recommendations for the EVP, Head of Global Multi-Asset Strategies, EVP, Head of Total Portfolio Management and the CIO
• Proven ability to innovate and evolve investment processes, balancing structure with adaptability
• Deep understanding of portfolio construction principles, including risk budgeting techniques
• The ability to develop a strong team culture, focused on setting a high standard while ensuring a supportive and respectful work environment
• Exceptional interpersonal skills, a strong listener and excellent communicator
• Demonstrated ability to build successful relationships internally and externally
• Proven ability to produce clear, logical and convincing arguments and explain complex ideas simply
• Action-oriented and proactive with a high degree of initiative
• A superior and decisive problem solver that not only raises issues, but develops workable, real-world solutions
• A strategic and commercial mindset with ability to influence at the executive level

As one of Canada’s largest defined benefit pension plans, our people-first culture is at its best when our workforce reflects the communities where we live and work — and the members we proudly serve.

From hire to retire, we are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience. This sense of belonging and connection is cultivated up, down and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our Purpose@Work committee and employee recognition programs.