Senior High Yield Trader

Purpose Financial; Toronto; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

An innovative financial services firm is seeking a Senior High Yield Trader to join their dynamic Credit Investment Team. This role focuses on capital markets activities, facilitating investment idea generation, and ensuring thorough analysis and reporting. The ideal candidate will have a strong background in fixed-income trading and capital markets, with a commitment to detail-oriented processes. The company promotes a hybrid work model, fostering flexibility and collaboration among its team members. If you are passionate about driving investment success and thrive in a fast-paced environment, this opportunity is perfect for you.

Qualifications

• 5+ years of experience in a capital markets environment.
• Strong fundamental business education or advanced accounting knowledge.

Responsibilities

• Generate and document regular investment reports and analyses.
• Oversee the investment process for idea generation and manage existing holdings.
• Interact with trading desks to execute trade ideas.

Skills

Analytical Skills

Detail-oriented Process Management

Investment Idea Generation

Fixed-income Trading

Capital Markets Knowledge

Education

Bachelor of Commerce (BCom)

Honors Business Administration (HBA)

Master of Business Administration (MBA)

Chartered Financial Analyst (CFA)

Job description

Purpose Unlimited is an independent financial services company with an unrelenting focus on customer-centric innovation, delivered through technology-driven solutions. Led by entrepreneur Som Seif, the company is developing a diversified product platform aimed at addressing historically underserved segments of the market. Purpose Unlimited's businesses include Purpose Investments, Advisor Solutions by Purpose, and Driven.

Who is Purpose Investments?

Purpose Investments is an innovation-driven asset management company with over $22 billion under management, offering both managed and quantitative investment products. Much of what is available to the average Canadian investor today is outdated and expensive. Purpose Investments' goal is to constantly innovate, and make investing simple, intuitive, and affordable for everyone.

Role Summary :

The Credit Investment Team at Purpose Unlimited is an autonomous business unit and OSC registrant that manages the Purpose Credit Opportunities Fund and the Purpose Strategic Yield Fund. The group runs $1.4 billion in AUM and has a culture of absolute return investment success and partnership.

We are seeking a highly analytical and detail-oriented Senior High Yield Trader to join our team at Purpose Investments. This role will be the capital markets eyes and ears of the desk that result in new idea generation and loss prevention. The objective of the role is to facilitate investment idea generation by overseeing the investment process of the group and staying on top of capital markets activities both new issues and secondary markets. Additionally, there is potential for sector-specific coverage as an investment analyst.

Responsibilities :

• Ensure regular investment reports / analyses are generated and processes are documented including investment screens, trading reports, and daily P&L.
• Lead and oversee the investment process for activities that lead to idea generation.
• This includes measuring group progress in activities that lead to idea generation including company meetings, site and conference visits, analyst and sell-side meetings, and other non-traditional research.
• Manage process for staying on top of existing holdings including relevant data series with correlation to changes in fundamentals for relevant positions and earnings previews for positions based on size threshold.
• Stay on top of daily new issue activity and flag interesting ideas for the group. Conduct relative value analysis on new issues based on existing bonds and comparable issuers.
• Interact with sell-side dealer counterparty trading desks to get the best fill and allocate trades based on potential new issue activity and idea generation.
• Pitch and execute trade ideas to produce uncorrelated P&L.

Qualifications :

• Minimum five years of experience in a capital markets environment.
• Experienced fixed-income credit trader or capital markets professional
• Strong fundamental business education (BCom, HBA, MBA, CFA) or advanced accounting knowledge
• Proven detail-oriented process and managerial skills (investment or non-investment setting).

Purpose Investments is an equal employer, and we are dedicated to fostering an inclusive and barrier-free work environment for all employees and candidates. We encourage all qualified candidates to apply and if accommodation is required during any stage of the recruitment process, please contact any member of the People and Culture team at [emailprotected] .

We thank all applicants for their interest; however, only those selected for interviews will be contacted.

Our work philosophy is a hybrid model allowing for flexibility and collaboration.