Senior High Yield Trader

Purpose Investments; Toronto; Hybrid; CAD 100,000 - 150,000; Full time

Job summary

A leading asset management firm in Toronto is looking for a Senior High Yield Trader to oversee investment processes and generate trading ideas. Candidates should have extensive experience in capital markets, strong analytical skills, and relevant educational qualifications. The company offers a flexible work model, competitive compensation, and comprehensive benefits including health insurance and a generous RRSP matching program.

Benefits

Flexible hybrid work model

Competitive compensation including equity program

Comprehensive health and dental benefits

Unlimited vacation days

Paid parental leave

Training opportunities and tuition support

Qualifications

• Minimum five years of experience in a capital markets environment.
• Strong fundamental business education or advanced accounting knowledge.
• Proven detail-oriented process and managerial skills.

Responsibilities

• Generate investment reports and document processes.
• Oversee the investment process for idea generation.
• Manage data series correlated to changes in fundamentals.
• Stay updated on new issue activity for potential trades.

Skills

Analytical skills

Detail-oriented

Capital markets knowledge

Investment idea generation

Education

BCom, HBA, MBA or CFA

Job description

Overview

Join to apply for the Senior High Yield Trader role at Purpose Investments.

Purpose Investments is an innovation-driven asset management company with over $20 billion under management, offering both managed and quantitative investment products. Purpose Investments’ goal is to constantly innovate, and make investing simple, intuitive and affordable for everyone.

Job Description :

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 stay on top of capital markets activities both in new issues and secondary markets. Additionally, there is potential for sector-specific coverage as an investment analyst.

Responsibilities

• Ensure regular investment reports / analysis are generated and processes are documented including investment screens, trading reports, daily P&L.
• Lead and oversee the investment process for activities that lead to idea generation.
• Measure 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 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

• 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)
• Minimum five years of experience in a capital markets environment.

Why join us?

• We are one of Canada's Top Small & Medium Employers' 2023 & 2024.
• We believe in innovation and a vibrant culture - work for an innovative, people-first, financial services firm that values entrepreneurialism.
• We believe in a flexible work structure – a flexible hybrid work model that empowers you to do your best work whether at home or the office.
• We care about your rewards - Competitive compensation including equity program.
• We care about your health – comprehensive group health and dental benefits and life insurance at little to no cost to you. We also offer a Lifestyle Spending Account for all your wellness needs.
• We care about your quality of life - flexible paid time-off policy with unlimited vacation days, and flexible sick and mental health days.
• We care about your family - Paid parental leave for eligible employees with a top-up.
• We care about your future – Generous Group RRSP matching and an optional TFSA program.
• We care about your development – We offer training opportunities and tuition support year-round.

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 [e-mail]. 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.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance
• Industries: Investment Management