Portfolio Manager, Structured Products

Healthcare of Ontario Pension Plan; Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

A leading company is seeking a Portfolio Manager to analyze and implement structured products to achieve investment objectives. This role requires a minimum of 8 years of experience, a post graduate degree in finance or a related field, and strong knowledge of asset-backed securities. Join a dynamic team invested in creating a financially secure retirement for Ontario healthcare workers.

Benefits

100% company-paid extended health and dental benefits

Membership in defined benefit pension plan

Wellness programs including yoga and nutrition consultations

Learning and development initiatives

Qualifications

• Minimum 8+ years of work experience in asset management.
• Strong knowledge of asset backed securities and structured products.
• Experience trading various ABS products and managing risk.

Responsibilities

• Analyze, identify and implement Structured Products.
• Manage risks within the portfolio in Public Asset Backed Credit markets.
• Propose strategies to enhance fund performance.

Skills

Investment acumen

Negotiation skills

Attention to detail

Analytical skills

Time management

Education

Post graduate degree in Business, Mathematics, Finance, or other quantitative discipline

MBA with concentration in investments or finance

CPA or CFA

Job description

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 pensionplan, 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 (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).

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, byproviding 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 on-going 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 structure products industry, specifically asset backed securities and mortgages as well as investment strategies, financial instruments, internal controls, risk management, portfolio construction, operational due diligence, investment regulations, and managing a diverse portfolio of scale

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.

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