Portfolio Manager-(Hybrid)

Central 1; Canada; On-site; CAD 110,000 - 130,000; Full time

Benefits offered by this job

Work‑life flexibility

Hybrid work environment

Variable annual incentive plan

Generous annual vacation allotment

Top‑notch flexible benefits plan, incl

Retirement Plan, 6% match

Learning platform and educational aid

Virtual wellness platform

Career development opportunities

Wellness Flex Fund

Volunteer day and paid time off

Corporate discounts

Job summary

Central1 is a cooperative empowering Canadian credit unions and financial institutions to offer banking choice. As Portfolio Manager you will oversee Central1’s $6billion Treasury Securities Portfolio, balancing Canadian and U.S.

dollar investments to support liquidity and drive financial performance. You will shape investment strategies, balance risk and return within policy, and contribute to Central1’s strength by delivering strong returns while ensuring regulatory compliance and ESG

Qualifications

• Undergraduate or Master’s degree in Finance and/or Business Administration and a CFA designation.
• 5+ years financial management experience with a strong understanding of fixed-income and derivative markets.
• Strong quantitative techniques, analytical skills and significant trading experience with fixed-income securities and financial derivatives.
• Ability to manage the risks and returns of a large investment portfolio prudently.
• Background in delivering strong, sustainable returns.
• Operational understanding of IFRS, Basel III capital and liquidity rules.
• Experience working with credit unions and/or within the credit union system is an asset.
• Proficiency in MS Office, especially Excel and PowerPoint.
• Advanced knowledge of Bloomberg and CanDeal.
• Excellent verbal and written communication skills.
• Understanding of capital markets etiquette and relationship building.
• Cross-departmental and divisional interaction required.
• Strategic problem-solver with a practical bias to drive impact.
• Self-motivated, intellectually curious, and committed to continuous improvement, learning and professional development.
• Ability to manage multiple tasks concurrently.

Responsibilities

• Provide financial return for the organization while delivering liquidity for Central1’s business activities.
• Develop and execute strategies to enhance returns across Central1’s Securities Portfolio.
• Outperform the benchmarks established for the Portfolio.
• Prepare and deliver reports, presentations, analysis and commentaries detailing historic performance, strategies, opportunities and risks for the ALCO, MRC, ELT and Board Risk Committee.
• Ensure the portfolio meets day-to-day and long-term liquidity needs.
• Support and refine Central1’s approach to incorporating ESG factors into the investment process.
• Ensure all account documentation and actions meet Central1 and external regulatory compliance requirements.
• Structure and manage the portfolio within the parameters outlined in the Credit and Counterparty Risk Policy, Market Risk Policy, Investment Standard and Liquidity and Funding Policy.
• Review and respond to risk management reports.
• Respond to credit union inquiries as subject‑matter expert.

Skills

Fixed-income markets

Derivatives trading

Analytical skills

Quantitative techniques

Communication skills

Relationship building

Strategic problem-solving

Multi-tasking

Education

Finance/Business degree

CFA designation

Tools

Bloomberg

CanDeal

Excel

PowerPoint

MS Office

Job description

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians.

What we offer

• Work‑life flexibility
• Hybrid work environment
• Variable annual incentive plan
• Generous annual vacation allotment
• Top‑notch flexible benefits plan including family building and gender affirmation
• Retirement Plan, matched contributions at 6%
• Access to a learning platform and educational assistance support
• Access to a virtual wellness platform
• Career development opportunities
• Wellness Flex Fund to support personal interests and activities
• Day off to volunteer in your community and other paid time off options
• Corporate discounts (subject to employment agreement)

Job Summary

As a Portfolio Manager on the Central 1 Team, you will oversee Central1’s $6billion Treasury Securities Portfolio, managing a diverse mix of Canadian and U.S. dollar investments that support the organization’s liquidity needs while driving financial performance. You will shape and execute investment strategies, balance risk and return within established policies, and contribute directly to Central1’s financial strength and long‑term success.

Responsibilities

• Provide financial return for the organization while delivering liquidity for Central1’s business activities
• Develop and execute strategies to enhance returns across Central1’s Securities Portfolio
• Outperform the benchmarks established for the Portfolio
• Prepare and deliver reports, presentations, analysis and commentaries detailing historic performance, strategies, opportunities and risks for the ALCO, MRC, ELT and Board Risk Committee
• Ensure the portfolio meets day‑to‑day and long‑term liquidity needs
• Support and refine Central1’s approach to incorporating ESG factors into the investment process
• Ensure all account documentation and actions meet Central1 and external regulatory compliance requirements
• Structure and manage the portfolio within the parameters outlined in the Credit and Counterparty Risk Policy, Market Risk Policy, Investment Standard and Liquidity and Funding Policy
• Review and respond to risk management reports
• Respond to credit union inquiries as subject‑matter expert

Qualifications

• Undergraduate or Master’s degree in Finance and/or Business Administration and a Chartered Financial Analyst (CFA) designation
• 5+ years financial management experience with a strong understanding of fixed‑income and derivative markets
• Strong quantitative techniques, analytical skills and significant trading experience with fixed‑income securities and financial derivatives
• Ability to manage the risks and returns of a large investment portfolio prudently
• Background in delivering strong, sustainable returns
• Operational understanding of financial accounting, including IFRS and BaselIII Capital and Liquidity Rules
• Experience working with credit unions and/or within the credit union system is an asset
• Proficiency in MS Office, especially Excel and PowerPoint
• Advanced knowledge of Bloomberg and CanDeal
• Excellent verbal and written communication skills
• Understanding of capital markets etiquette and relationship building with financial and market professionals
• Cross‑departmental and divisional interaction required
• Strategic problem‑solver with a practical bias to drive impact
• Self‑motivated, intellectually curious, and committed to continuous improvement, learning and professional development
• Ability to manage multiple tasks concurrently

Compensation

Salary range: $110,000–$130,000 plus variable annual pay incentive of 30%–45%. The salary represents the rate for a fully competent candidate; actual pay will vary with market conditions and relevant factors such as experience and qualifications.

Recruitment and Equal Opportunity

Central1 does not use Artificial Intelligence (AI) technology to screen, assess, or select applicants during its recruitment process. This posting is for an existing, specific vacancy within the organization.

Central1 is an equal‑opportunity employer committed to building an inclusive workforce by creating an environment where everyone feels they belong and has the opportunity to succeed. We welcome all applicants and will provide an accessible candidate experience, including accommodations and alternate formats upon request.