Market Risk Analyst

Picton Mahoney Asset Management; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

A leading investment management firm in Toronto is seeking a Market Risk Analyst to enhance risk management across Fixed Income portfolios. The role involves deep analytical work, collaboration with Portfolio Managers, and the opportunity to innovate in risk modeling. Candidates should have a strong background in finance and statistical programming, with a passion for data-driven decision-making.

Benefits

Corporate fitness reimbursement

Performance-based bonuses

Generous vacation entitlement

Training and development reimbursement

Extensive health and dental benefits

Qualifications

• 5-10 years of investment risk analysis experience.
• Strong academic background in relevant fields.
• Experience with statistical programming and database tools.

Responsibilities

• Analyzing Fixed Income portfolio risk and communicating findings.
• Designing and improving risk models and methodologies.
• Supporting investment teams with actionable risk insights.

Skills

Analytical mindset

Proficiency in R or Python

Statistical analysis

Communication skills

Education

Graduate degree in Finance, Mathematics, or related field

Tools

SQL

Job description

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One of Canada’s Most Trusted Investment Brands.

At Picton Mahoney Asset Management, being alternative isn’t just what we do—it’s who we are.

Founded by industry pioneer David Picton, we’ve spent 20 years challenging conventional wisdom and redefining the investing landscape. As one of Canada’s most trusted investment brands, we are proudly independent—privately run, 100% employee-owned, and deeply committed to delivering results for our clients.

Thinking Alternatively is in Our DNA.

With a team of 160 bold thinkers—one-third dedicated solely to investment management—we are specialists, not generalists. Managing $13.8 billion for institutional and retail clients, we navigate markets with conviction, resilience, and a forward-thinking approach.

We’re more than investors — we’re innovators. We challenge traditional investment mindsets, constantly pushing the boundaries to achieve our mission: To bring greater certainty to investors.

Our success is built on four guiding principles:

• Redefine the way investors invest.
• Be human—always approachable.
• Succeed together, one investment at a time.

These aren’t just words—they define how we think, how we invest, and how we work.

Now, we’re entering our next chapter. We’re transforming our brand and reshaping the way the world invests. If you think alternatively, embrace an entrepreneurial spirit, and thrive in a dynamic, bureaucracy-free environment, join us and be part of what’s next.

Thriving in Our Entrepreneurial Culture

At Picton Mahoney, you’ll thrive in our creative and dynamic workplace, where collaboration and support are at the core of everything we do. At our firm, you’ll have the opportunity to take on significant responsibilities, work in a flexible environment, and tackle challenging projects from the outset. Our culture is designed for ambitious professionals who want to make an immediate impact while continuing to push boundaries and achieve our greater mission. You’ll be empowered with a high level of responsibility, trust, and flexibility, providing an exciting and creative space for you to help reshape how the world views alternative investments. With competitive total rewards, performance-based bonuses, and a clear path for career growth, you’ll have everything you need to develop both now and over the longer term.

The Opportunity:

Picton Mahoney Asset Management is looking for a passionate and analytical Risk Analyst to join our dynamic Investment team. This is your opportunity to contribute directly to our mission of bringing greater certainty to investors—by helping shape how we manage and interpret risk across our Fixed Income portfolios.

In this highly visible role, you’ll work side-by-side with Portfolio Managers and fellow Analysts, diving deep into risk exposure, enhancing our proprietary models, and contributing to a firm that thrives on innovation, resilience, and forward thinking.

If you're driven by data, curious about markets, and inspired by impact—this role is for you.

You’ll have the opportunity to lead and learn:

• Proactively analyzing Fixed Income portfolio risk and clearly communicating exposures, trends, and mitigation strategies to Portfolio Managers.
• Designing and improving risk models and methodologies—pushing boundaries to strengthen decision-making processes.
• Supporting dynamic requests from investment and marketing teams with timely, accurate, and actionable risk insights.
• Playing a key role in our cross-functional macro and risk meetings, contributing your voice to our firmwide perspective.
• Building, automating, and validating risk and positioning reports that power better investing decisions.
• Partnering with our Quantitative Research and Technology teams to enhance data accuracy, model precision, and analytical depth.
• Driving forward new tools and capabilities that expand the firm’s approach to risk modeling and portfolio construction.

What we’re looking for:

• 5–10 years of hands-on investment risk analysis experience in a fast-paced, high-performance environment.
• A strong academic background in Finance, Mathematics, Computer Science, Statistics, or a related field; a graduate degree is a plus.
• Proficiency in statistical programming (R or Python) and SQL or other database tools—bonus if you can think in code as well as you can in concepts.
• A working knowledge of advanced data analysis and portfolio construction techniques.
• Progress toward or completion of CFA and/or FRM designations (considered assets).
• An analytical, entrepreneurial mindset—you ask better questions and think beyond what models tell you.
• A collaborative spirit, thriving in environments where independent ownership and team contribution go hand-in-hand.
• Exceptional communication skills—you can translate complex analysis into clear insights that resonate with stakeholders.
• A track record of producing high-quality work, even when the pace is fast and priorities evolve.

At Picton Mahoney, we think alternatively. That means we’re looking for people who bring more than just credentials—we want bold thinkers who are motivated to redefine the norm and make meaningful impact. If that sounds like you, let’s start the conversation.

Our Commitment to Employees

At Picton Mahoney Asset Management, we take pride in enhancing our employees' experiences through a comprehensive suite of exceptional perks and programs. Our benefits include corporate fitness reimbursement and discounts, VersaFi memberships (formerly Women in Capital Markets), Picton Wealth investment counseling and portfolio management services, volunteer and charitable donation matching, maternity and parental leave top-up, recognition awards, semi-annual performance bonuses, a generous annual vacation entitlement (minimum of 15 days per year), training and development reimbursement, extensive health and dental benefits, a healthcare spending account, and more.

These offerings are designed to support your career growth, well-being, and overall success. Join us and thrive in an environment that values and invests in you!

Picton Mahoney Asset Management is committed to providing an equitable and fair work environment for everyone and all hiring and other personnel actions will be taken without regard to race, colour, creed, religion, sex, disability, gender identity, gender expression, family status, age, language or national origin. If you require an accommodation at any point in time throughout the application and hiring process, please contact Human Resources at [phone] or at [e-mail].

Application Deadline: All applications must be submitted by Monday, June 2nd at 5:00 PM EST. Applications received after this deadline may not be considered.

Picton Mahoney Asset Management does not accept unsolicited resumes, emails, calls, or any other form of communication from third-party recruitment agencies. Any unsolicited outreach, including commercial electronic messages, will neither be acknowledged nor considered.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance, Research, and Analyst

• Industries

  Investment Management

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