Portfolio Manager, Structured Products

HOOPP Thames Limited; Toronto; On-site; CAD 100,000 - 150,000; Full time

Job summary

A leading company in the pension sector is seeking a Portfolio Manager to analyze and implement Structured Products. The role involves managing risks, identifying investment opportunities, and collaborating with internal teams to enhance fund value. Ideal candidates will have extensive experience in investment management and strong analytical skills.

Benefits

100% company-paid extended health and dental benefits

Membership in defined benefit pension plan

Learning and development initiatives

Yoga classes and wellness seminars

Qualifications

• Minimum 8+ years’ work experience in investment or asset management.
• Experience trading US Residential Whole Loan and ABS products.

Responsibilities

• Analyze and implement Structured Products to achieve investment objectives.
• Manage risks within the portfolio in Public Asset Backed Credit markets.
• Identify investment opportunities and conduct risk/return analysis.

Skills

Risk Management

Investment Acumen

Negotiation

Analytical Skills

Communication

Education

Post Graduate Degree in Business, Mathematics, Science, Engineering, Finance

MBA with a concentration in investments or finance

CPA, CFA, or other relevant investment-related designations

Job description

Apply locations Toronto, Ontario, Canada time type Full time posted on Posted 4 Days Ago job requisition id JR101968

Why you’ll love working here :

High-performance, people-focused culture.

Our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves.

Learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth.

Membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security.

Competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health.

Optional post-retirement health and dental benefits subsidized at 50%.

Yoga classes, meditation workshops, nutritional consultations, and wellness seminars.

The opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers.

Job Summary :

Reporting to the Senior Managing Director (SMD), the Portfolio Manager will be responsible for working within the group to analyze, identify and implement Structured Products which will facilitate the achievement of HOOPP’s investment objectives. This role may also include researching and implementing new strategies, supporting ongoing day-to-day operations, and helping to develop systems required to support the overall strategy. The strategy is valued at several billion dollars, with meaningful growth expected.

What you will do :

Generate ideas and translate them into trades / positions to deliver value-add / Alpha within Structured Products, with a primary focus on Public ABS / MBS / CMBS.

Actively manage risks within the portfolio in Public Asset Backed Credit markets and periodically work on Private Asset-Backed Structured Credit direct investments to identify innovative opportunities and potential risks.

Proactively identify investment opportunities and conduct risk / return analysis for consideration.

Develop and propose strategies to enhance value-add to the fund.

Review the overall portfolio, evaluate return-to-risk targets, and ensure alignment with HOOPP's goals.

Identify investment opportunities, conduct qualitative and quantitative analysis, recommend investments, negotiate terms, and execute investment recommendations for traditional, alternative, and innovative structured products.

Partner with internal teams, including operations, legal, and tax.

Keep up to date with global developments in investment, operations, legal, tax, and risk related to Structured Products.

Monitor economic, investment, and market trends to understand long-term trends driving performance in the product types and markets.

Share responsibility for and contribute to the full lifecycle of the model building process including idea generation, model construction, research and back testing, and implementation.

Help foster collaborative relationships with counterparties, execution providers and other external services.

Adaptable to work in a changing work environment.

Demonstrated high level of judgment, initiative, investment acumen, and negotiation skills.

What you will need :

University education, preferably with a post graduate degree in Business, Mathematics, Science, Engineering, Finance, or other quantitative discipline.

Minimum 8+ years’ work experience in relevant investment and / or asset management experience in a senior capacity, with strong knowledge of the structured products industry.

MBA with a concentration in investments or finance is preferred.

CPA, CFA, or other relevant investment-related designations.

Experience trading US Residential Whole Loan, Conduits across loan types and ABS products.

Experience hedging interest rate risk of both positions and forward pipeline via Agency TBA and Treasury Futures.

Well versed in taking and managing risk.

Good knowledge of international markets and trends, with a preference for US, Europe, and / or Asian markets.

Excellent understanding of valuation and forecasting principles and techniques, including valuation models.

Exceptional attention to detail with highly developed interpersonal and communication skills.

Strong work ethic, time management, organizational skills, and the ability to meet tight deadlines.

High degree of professionalism and integrity combined with the ability to adapt to a rapidly changing investment landscape.

Collaborative team player who enjoys a high-performance culture.

Flexible with constantly evolving priorities and open to new challenges.

About Us

About HOOPP

The Healthcare of Ontario Pension Plan (HOOPP) is one of the strongest and most stable defined benefit (DB) pension plans in Canada. Since 1960, HOOPP has been helping Ontario's healthcare workers build the foundation for a financially secure retirement.

We take pride in being the pension plan for Ontario’s healthcare community and serve more than 460,000 members at more than 670 employers across the province. At HOOPP, we are committed to providing our members with a stable and reliable pension that starts in retirement and is paid for life.

With offices in Toronto and London, we manage a global, multi-asset class investment portfolio. At the end of 2023 our net assets reached $112.6 billion and our funded status remained strong and stable at 115%.

HOOPP's core values - accountable, compassionate and trustworthy - guide every interaction with our members, employers and employees. We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation. From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people.

Our high-performance culture is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.