Portfolio Manager/Director, Portfolio Construction

Alberta Investment Management Corporation (AIMCo); Calgary; On-site; CAD 180,000 - 250,000; Full time

Job summary

Alberta Investment Management Corporation (AIMCo) in Calgary seeks an experienced Portfolio Manager for its Public Equities team. You will translate client objectives and risk considerations into disciplined portfolio design, collaborate with PMs, research, risk, and analytics, and drive capital allocation across equity and absolute return strategies.

The role emphasizes implementing portfolio construction frameworks, factor exposures, and robust risk diagnostics, with a focus on portable alpha

Qualifications

• Minimum 10+ years of institutional investment experience with public equities portfolio construction, asset allocation, or multi-strategy portfolios.
• Strong understanding of global equity markets, macro drivers, factor investing, and risk modeling.
• Proven ability to apply portfolio construction techniques across internally and externally managed strategies.

Responsibilities

• Support development and implementation of portfolio construction frameworks across Public Equities, including factor exposures, risk budgeting, and optimization.
• Design and monitor portable alpha and alpha-beta separation structures with derivatives overlays.
• Conduct portfolio diagnostics: attribution, risk, scenario analyses, and hedge effectiveness.
• Collaborate with PMs, researchers, risk managers, and external partners to integrate security-level insights into portfolio decisions.
• Contribute to governance, analytics, reporting, and documentation standards.

Skills

Global equity markets

Portfolio construction

Risk modeling

Quantitative research

Stakeholder communication

Education

Advanced degree in Finance, Economics, Mathematics, Engineering, Statistics

CFA or equivalent designation

Tools

Portfolio analytics software

Derivatives overlays (futures, swaps, options)

Job description

CLOSING DATE:October 19, 2026OpportunityWe 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 Include: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.undefinedPreferred: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.Next StepsWe are excited to meet you. Please submit your resume or CV to be considered for this opportunity. Applications are being reviewed on a rolling basis and we will be in touch with any questions.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.ALERT - Be on the lookout for AIMCo career opportunities advertised through third parties that request an application fee or too much information. To verify, all opportunities are posted on aimco.ca/jobsAt 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.