Portfolio Manager-(Hybrid)

Central 1; Toronto; Hybrid; CAD 110,000 - 130,000; Full time

Benefits offered by this job

Hybrid work environment

Variable annual incentive plan

Generous vacation

Flexible benefits with family building

Retirement plan with 6% match

Learning platform access

Wellness platform

Career development

Volunteer day

Corporate discounts

Job summary

Central 1 is seeking a Portfolio Manager to oversee the $6 billion Treasury Securities Portfolio, balancing liquidity needs with strong financial performance. You will shape investment strategies, manage risk within policy frameworks, and contribute to the credit union ecosystem's stability and growth.

The role requires CFA designation and deep fixed income expertise, with opportunities to influence capital management across Canadian and U.S. dollar investments.

Qualifications

• Undergraduate or Master’s degree in Finance and/or Business Administration.
• CFA designation required or in progress.
• Five or more years of financial management experience.
• Strong knowledge of fixed income and derivatives.

Responsibilities

• Oversee Central 1's Treasury Securities Portfolio and liquidity needs.
• Develop and execute investment strategies balancing risk and return.
• Monitor performance against benchmarks and policies.
• Prepare reports and present findings to ALCO, MRC, ELT and Board.
• Ensure regulatory and policy compliance across activities.
• Support ESG integration in investment processes.
• Respond to inquiries from credit unions and stakeholders.
• Collaborate across departments to manage risk and capital.

Skills

5+ years experience

CFA designation

Quantitative analytics

Fixed income & derivatives

Strong communication

Education

Finance/Business degree

CFA designation

Tools

Bloomberg

CanDeal

Job description

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit www.central1.com.

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 interest 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 play a pivotal role in overseeing Central 1's $6 billion 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. This role is responsible for shaping and executing investment strategies, balancing risk and return within established policies, and contributing directly to Central 1's financial strength and long-term success.

What You'll Be Doing

• Provide financial return for the organization while also providing liquidity to support Central 1’s business activities
• Develop and execute strategies to enhance returns across Central 1’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 portfolio meets day-to-day and long-term liquidity needs
• Support and refine Central 1’s approach to incorporating Environmental, Social and Governance (ESG) factors into the investment process
• Ensure all account documentation and actions taken meet with Central 1 and external regulatory compliance requirements
• Ensure the portfolio is structured and managed 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

What You'll Have

• Undergraduate or Master’s degree in Finance and/or Business Administration and a Chartered Financial Analyst (CFA) designation
• 5+ years financial management experience with excellent understanding of fixed income and derivative markets
• Strong quantitative techniques, analytical skills, data analysis and significant trading experience relating to fixed income securities and financial derivatives
• The ability to prudently manage the risks and returns of a large investment portfolio
• Proven background in delivering strong, sustainable returns
• Operational understanding of financial accounting, including implications of International Financial Reporting Standards and Basel III Capital and Liquidity Rules
• Experience working with credit unions and/or within the credit union system an asset
• Strong competency in MS Office, with particular attention to Excel and PowerPoint
• Advanced experience and fixed income specific skills with Bloomberg and CanDeal
• Excellent verbal and written communication skills are required
• Must display an understanding of capital markets etiquette and a keen sense toward building relationships with financial and market professionals
• Cross-department and divisional interaction required
• Strategic problem solver with practical bias to drive impact
• Self-motivated, intellectually curious, and committed to continuous process improvement, learning and professional development
• The ability to concurrently manage a variety of tasks is essential to the successful execution of the job requirements

Salary range:

$110,000-$130,000 plus variable annual pay incentive of 30%-45%. The salary represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.

Central 1 does not use Artificial Intelligence (AI) technology to screen, assess, or select applicants during our recruitment process. This job posting is for an existing, specific vacancy within our organization. All applications will be considered exclusively for the position described in this posting.

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.