Principal/Trader, Total Portfolio Management

OPTrust; Toronto; Hybrid; CAD 180,000 - 280,000; Full time

Benefits offered by this job

Hybrid work model

Benefits package

Job summary

OPTrust is seeking a Trader/Principal for Fixed Income and FX to join the Investment Division. In a fast-paced, cross-functional team, you will develop and implement fixed income and currency strategies, manage liability hedging programs, and execute trades across markets.

You will contribute to risk management, pricing, and portfolio analytics while interfacing with risk, finance and compliance teams. The role offers broad exposure to asset classes, a collaborative culture, and a hybrid work

Qualifications

• Bachelor’s or postgraduate degree in a quantitative field is expected.
• 5+ years of trading and portfolio management experience.
• Broad knowledge of derivatives, pricing and risk management.

Responsibilities

• Develop fixed income (Canada & US) and global FX strategies to generate alpha.
• Manage liabilities hedging program and collateral exposures.
• Execute trades across derivative and cash products within a cross-asset team.
• Produce investment and trade reporting and cost analysis.
• Collaborate with risk, finance, legal, middle office and compliance groups.

Skills

Python

VBA

SQL

Communication skills

Education

Postgraduate degree in business/finance/engineering/physics/mathematics/computing

Tools

Bloomberg

Job description

Department: Investment Division

Type: Full-Time - Permanent

At OPTrust, paying pensions today, preserving pensions for tomorrow is our mission and business.

When you choose OPTrust, you join a team of smart, talented people who fuel our success and have a passion for pensions. Everyone at OPTrust – in Toronto, London and Sydney – makes a meaningful impact. Our culture is driven by team members with different backgrounds and perspectives creating an inclusive and fulfilling place to work for everyone. We work in a fast-paced environment, but we find time to have fun and give back to the community.

What OPTrust offers you

• Unique culture rooted in our core values – collaboration and teamwork, integrity, respect, flexibility, excellence and continuous improvement.
• A purpose-driven environment where we all work towards the common goal of paying pensions today and preserving pensions for tomorrow.
• Comprehensive benefits focused on your health and wellness, including dental, vision and extended health benefits, as well as membership in our world-class defined benefit pension plan.
• A flexible, hybrid work model.
• A dedicated inclusion, diversity and equity strategy with meaningful opportunities to participate, including our employee-led resource groups.
• Extensive professional development opportunities and learning initiatives including access to LinkedIn Learning, guest speakers, tuition reimbursement, professional association memberships, leadership development programs, a mentorship program, monthly professional development time and more.
• A competitive vacation package with additional work-life balance days.

About the role

In this role, the Trader/Principal, Fixed Income and FX, works in a fast-paced environment with a small team of highly skilled investment professionals, making investment decisions and managing risk in uncertain markets. The Total Portfolio Management Group (TPM) oversees the Plan’s liquid assets using a total portfolio approach to allocate and manage exposures across internal and external strategies. Within TPM, the Funding, Liquidity and Trading desk leads capital markets execution, funding and liquidity management, and oversight of the Plan’s public markets exposures. This role offers broad exposure and the opportunity to build expertise across asset classes.

What you’ll do

• Develop and implement fixed income (primarily Canada & US) and global FX strategies, generating alpha through macro, rates, credit, and currency positioning.
• Actively engage in the management of the Plan’s liability hedging program,
• Execute trades in derivative and cash products as part of a cross-asset team.
• Perform investment and trade related reporting, including commission, trade cost analysis, and other reporting as required.
• Develop strong relationships with sell side trading firms.
• Improve existing spreadsheets, processes and tools used by the trading desk,
• Develop and implement AI-enabled tools and processes to support pricing, trading, portfolio management and risk management functions.
• Actively participate in collaborative decision-making processes in the Funding, Liquidity and Trading group and at the Total Portfolio level regarding portfolio construction and risk management from a top-down and bottom-up perspective.
• Serve as an asset class & markets specialist.
• Work in close coordination with risk, finance, legal, middle office, compliance and other groups across the Total Fund.
• Support and contribute to Total Fund projects and initiatives.
• Proactively identify operational risks or control deficiencies in the business.
• Perform other duties as assigned.

What you bring

• A degree, preferably postgraduate, in business, finance, engineering, physics, mathematics, or computing.
• A minimum of 5 years of relevant trading and portfolio management experience.
• Broad knowledge of derivatives and financial products, from a trading, pricing and risk management perspective.
• Ability to prioritize and multi-task under pressure while maintaining quality of work.
• Excellent communication and interpersonal skills, able to effectively communicate complex issues and build key working relationships.
• Strong programming abilities including Python, VBA, SQL.
• A high attention to detail and process orientation.
• Previous experience using Bloomberg an asset.
• Exemplify OPTrust’s values: collaboration and teamwork, integrity, respect, flexibility, excellence, and continuous improvement.

This posting is for an existing vacancy.

Serving a membership as diverse as ours and investing in a global market means cultivating an environment that embraces inclusion, diversity, and equity in everything we do. OPTrust is an organization engaged on building on our unique and diverse strengths. We know a diversity of backgrounds, cultures, gender identities and perspectives are critical to achieving our shared goals.

If you require accommodation at any time during the recruitment process, we will do our best to work with you and provide appropriate accommodation.

As an organization we’re seeking ways to respond to the Truth and Reconciliation Commission of Canada’s Call to Action 92. We are working with the Canadian Council for Indigenous Business to build bridges with Indigenous communities and partners, and we have created an employee-led Reconciliation Working Group that will work with Indigenous experts to identify a path to reconciliation for our organization.

We thank all interested applicants, however only those under consideration will be contacted.