Portfolio Manager, Relative Value & Analytics, Fixed Income

Alberta Investment Management Corporation; Toronto; On-site; CAD 180,000 - 280,000; Full time

Job summary

AIMCo Alberta Investment Management Corporation is seeking a senior Fixed Income professional in Canada to manage and calibrate pricing models, analyze investment strategies, and support portfolio construction and risk management across fixed income assets.

The role emphasizes collaboration with Operations, Technology, Risk, and Accounting, plus mentoring junior team members and driving tool development. Advanced degrees and CFA are advantageous, with eight years of market experience preferred.

Qualifications

• Bachelor's or Master’s Degree in finance, economics, engineering, computer science, mathematics, physics or other quantitative discipline
• Advanced degree would be a strong asset
• CFA qualification is an asset
• Minimum of eight years of experience managing fixed income portfolios or equivalent market experience
• Background in analyzing, trading, constructing, and managing fixed income cash or derivatives related instruments and strategies
• Ability to develop thoughtful trading strategies to achieve specific objectives and/or recommend alternative strategies for achieving portfolio goals
• Outstanding analytical skills and attention to detail
• Experience in empirical research
• Keen interest in developing and using technology to support investment decisions
• Advanced written and verbal communication abilities, including the ability to present effectively and clearly
• Demonstrates a strong commitment to AIMCo’s core values of excellence, transparency, humility, integrity and collaboration, and inspiring the same in others

Responsibilities

• Originating and conducting analysis of investment strategies, identifying and assessing the return/risk factors including quantitative and qualitative analysis.
• Analyzing, monitoring, and stressing portfolio construction to identify vulnerabilities and sizing of trading strategies
• Developing and calibrating pricing models, with emphasis on interest rate option models, in collaboration with derivatives dealers and/or investment partner firms
• Developing and implementing repeatable processes to evaluate and price risk across the fixed income and portfolio construction process
• Taking an active role in building and maintaining infrastructure, working closely with other Relative Value team members, and with Operations, Technology, Risk Management and Accounting teams
• Coach and mentor junior fixed income team members

Skills

Fixed income

Portfolio management

Quantitative analysis

Risk management

Trading strategies

Model development

Communication

CFA (asset)

Education

Bachelor's or Master's in finance/economics/engineering/computer science/mathematics/physics

Advanced degree asset

Job description

CLOSING DATE: Opportunity On the Fixed Income Team at AIMCo, you will be playing an important role in providing our clients with capital preservation, liquidity, and superior risk-controlled returns relative to benchmark. The department is made up of five teams: Money Markets, Bonds, Private Placements, Credit Research and Relative Value, and manages more than $35 billion in investments. The Relative Value team manages a levered global fixed income relative value portfolio. The team primarily deploys quantitative bottom-up approaches to identify investment opportunities and utilizes a top-down approach in looking for potential investment themes. The team manages and monitors the portfolio positions using a customized analytical platform with detailed daily return and risk measures. Reporting to the Senior Director, Relative Value & Analytics, Fixed Income, you will be part of the team responsible for managing and supporting the daily trading of the portfolio, assessing risk/return factors of investment strategies and analyzing portfolio construction. Additionally, you will be responsible for developing and calibrating proprietary models used in idea generation and risk management. Finally, you will be contributing to the ongoing development of the portfolio management analytical platform in collaboration with the team's analytics specialists.

Responsibilities Include:

• Originating and conducting analysis of investment strategies, identifying and assessing the return/risk factors including quantitative and qualitative analysis.
• Analyzing, monitoring, and stressing portfolio construction to identify vulnerabilities and sizing of trading strategies
• Developing and calibrating pricing models, with emphasis on interest rate option models (e.g., vanilla/mid-curve swaptions, curve caps/floors), in collaboration, if needed, with derivatives dealers and/or investment partner firms
• Developing and implementing repeatable processes to evaluate and price risk across the fixed income and portfolio construction process
• Taking an active role in building and maintaining infrastructure, working closely with other Relative Value team members, and with Operations, Technology, Risk Management and Accounting teams
• Coach and mentor junior fixed income team members

Our Ideal Candidate Qualifications:

• Bachelor's or Master’s Degree in finance, economics, engineering, computer science, mathematics, physics or other quantitative discipline
• Advanced degree would be a strong asset
• CFA qualification is an asset
• Minimum of eight years of experience managing fixed income portfolios or equivalent market experience
• Background in analyzing, trading, constructing, and managing fixed income cash or derivatives related instruments and strategies
• Ability to develop thoughtful trading strategies to achieve specific objectives and/or recommend alternative strategies for achieving portfolio goals
• Outstanding analytical skills and attention to detail
• Experience in empirical research
• Keen interest in developing and using technology to support investment decisions
• Advanced written and verbal communication abilities, including the ability to present effectively and clearly
• Demonstrates a strong commitment to AIMCo’s core values of excellence, transparency, humility, integrity and collaboration, and inspiring the same in others

Success Measures:

Collaboration and teamwork are key to the success of our investment team. A successful candidate will be able to demonstrate the ability to work independently, but also collaborate with other team members as will often be required. Performance will be measured based upon your contribution to above benchmark returns, adherence to investment guidelines, ability to help drive Total Fund Performance and finding solutions for internal and external clients.

Next Steps

We are excited to meet you.

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.

About AIMCo

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.

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!