Portfolio Manager/Director, Portfolio Construction

Alberta Investment Management Corporation; Calgary; On-site; CAD 170,000 - 230,000; Full time

Job summary

Alberta Investment Management Corporation (AIMCo) is seeking an experienced Portfolio Manager to join the Public Equities team in Calgary. Reporting to the Managing Director, Portfolio Construction, this role will advance portfolio construction capabilities across index, fundamental, and systematic strategies, and support an active portable alpha program.

You will translate investment insights and client objectives into disciplined portfolio design, working with Active Equities PMs, Quant

Qualifications

• 10+ years of institutional investment experience in public equities or multi-strategy portfolios.
• Strong understanding of global equity markets, factor investing, and risk modeling.
• Experience applying portfolio construction across internally managed and externally managed strategies.
• Ability to use portfolio analytics and risk diagnostics to inform recommendations.
• Collaborative with cross-functional teams and external partners.

Responsibilities

• Develop and implement portfolio construction frameworks across Public Equities.
• Design portable alpha structures and derivatives overlays.
• Conduct performance attribution, risk, and scenario analyses.
• Collaborate with PMs, researchers, risk managers, and partners.
• Improve tools, analytics, reporting, and governance standards.
• Provide evidence-based recommendations to improve alpha outcomes.
• Promote accountability and disciplined investment decision-making.

Job description

CLOSING DATE: October 19, 2026 Opportunity

We are seeking an experienced Portfolio Manager to join AIMCo’s Public Equities team. Reporting to the Managing Director, Portfolio Construction, Public Equities, this role will help advance portfolio construction capabilities across the Public Equities asset class, which spans index, fundamental, and systematic equity strategies, alongside a portable alpha program implemented through both internal strategies and external hedge fund managers. In this role, you will translate investment insights, client objectives, and risk considerations into disciplined portfolio design. Working closely with Active Equities Portfolio Managers, Quantitative Researchers and Investment Risk Managers, the Portfolio Manager will drive capital allocation and risk budgeting decisions across equity and absolute return strategies, ensuring recommendations are aligned with client mandates and AIMCo’s investment philosophy.

Responsibilities

• Support the Managing Director, Portfolio Construction in developing and implementing portfolio construction frameworks across Public Equities, including factor exposures, risk budgeting, capital allocation, tail hedging and portfolio optimization across strategies.
• Design, implement, and monitor portable alpha and alpha-beta separation structures, including derivatives overlays implemented through index futures, total return swaps and options.
• Conduct portfolio diagnostics, including performance attribution, position sizing, active risk, factor exposure, liquidity, drawdown, hedge efficiency, and scenario analyses.
• Partner with portfolio managers, research teams, risk managers and external partners to incorporate security-level insights into portfolio-level decisions.
• Contribute to the consistent application of portfolio construction principles across equity and absolute return strategies, including fundamental, regional, sector-focused, and other internally managed strategies.
• Support the development and enhancement of portfolio construction tools, analytics, reporting, governance processes, and documentation standards.
• Provide constructive challenge and evidence-based recommendations to improve portfolio design, implementation, and risk-adjusted alpha outcomes.
• Promote a culture of accountability, collaboration, continuous improvement, analytical honesty, and disciplined investment decision-making.

Required

• 10+ years of institutional investment experience, with meaningful exposure to public equities portfolio construction, asset allocation, portfolio strategy, quantitative research, or multi-strategy equity portfolios.
• Strong understanding of global equity markets, investment styles, macroeconomic drivers, factor investing, portfolio optimization, and risk modeling.
• Demonstrated ability to apply portfolio construction techniques across both internally managed and externally managed strategies.
• Experience using portfolio analytics, attribution, scenario analysis, and risk diagnostics to inform investment recommendations and portfolio implementation.
• Ability to collaborate across portfolio management, research, risk, and analytics functions in a complex institutional environment, including engagement with external partners.
• Strong communication skills, with the ability to present clear, evidence-based recommendations and contribute to robust investment debate.
• High degree of judgment, integrity, intellectual curiosity, humility, and professionalism, with comfort operating in a visible, collaborative investment role.

undefined Preferred:

• Direct experience with portable alpha structures, including the use of derivatives overlays.
• Familiarity with quantitative/systematic strategy development or implementation (e.g., factor models, signal research).
• Advanced degree in Finance, Economics, Mathematics, Engineering, Statistics, or a related field; CFA or equivalent designation.
• Familiarity with AI and LLM tooling applied to investment workflows (including agentic workflows that automate research, analytics, or reporting), and interest in helping build that capability within the team.

Final candidates will be asked to undergo a security screening, which includes a credit bureau and a criminal record investigation, the results of which must be acceptable to AIMCo.

At AIMCo, we draw upon the differences in who we are, where we come from and the way we think to deliver results for the Albertans who rely on us. We offer an inclusive, modern workplace where well-being is prioritized, and colleagues are enabled to do their best work. Our team members are motivated by our purpose and committed to creating long-term value for our clients and their beneficiaries. If you are a purpose-driven, high-achiever excited by the prospect of working in a dynamic industry, you’ll enjoy your career with us!

About AIMCo

Alberta Investment Management Corporation (AIMCo) is one of Canada’s largest and most diversified institutional investment managers with more than CAN$194.7 billion of assets under management. AIMCo invests globally on behalf of multiple pension, endowment, insurance and government funds in the Province of Alberta. AIMCo prioritizes results and outcomes through a flexible, hybrid approach to work. We are looking for proven achievers, motivated to work in a collaborative environment to help our clients secure a better financial future for the Albertans they serve.