Senior Trader

Purpose Investments; Toronto; Hybrid; CAD 140,000 - 190,000; Full time

Benefits offered by this job

Equity program

Health and dental benefits

Lifestyle Spending Account

Flexible PTO

Parental leave

RRSP matching

Tuition support

Job summary

Purpose Investments is seeking a Senior Trader to execute trades across equities, ETFs, derivatives, FX, and digital assets for diversified fund mandates. You will own the FX hedging program, monitor execution quality, and push desk-wide automation using AI tools to sharpen analysis, while maintaining strict risk controls.

The role supports a hybrid work model in Canada and offers growth as the trading function scales with the platform.

Qualifications

• 5+ years of experience in a trading or capital markets execution role at a buy-side or sell-side institution.
• Experience managing and executing an FX hedging program across multiple fund mandates.
• Hands-on experience trading and settling digital assets in a regulated or institutional environment.
• Proven multi-asset execution across equities, ETFs, derivatives, and FX.

Responsibilities

• Execute trades across equities, ETFs, derivatives, FX, digital assets, and physical commodities.
• Own the FX hedging program — design, execution, ongoing monitoring, and reconciliation across all applicable fund mandates.
• Trade and settle digital assets and physical bullion across supported fund structures.
• Provide full coverage across all trading functions — the desk operates as one.
• Monitor intraday market conditions and manage execution quality across all instruments.
• Approve and manage daily market maker basket files as required.

Skills

Multi-asset execution

Team collaboration

Proactive communication

Pressure management

Analytical thinking

Education

Canadian securities licensing (CSC/CFA)

Tools

Bloomberg EMSX/AIM

AI tools (Claude / Copilot)

OMS/EMS experience

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 $20 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.

Vacancy Status: This is for a current opening.

Job Description

The role

The Senior Trader is a well experienced execution professional, responsible for trading across the full asset class spectrum — exchange-traded securities, OTC instruments, FX, digital assets, and physical commodities. This is a hands-on execution role with a broader mandate: the Senior Trader helps set the standard for how the desk operates, contributes to workflow improvement, and plays an active part in how the trading function evolves as the platform grows.

The right candidate is automation-enabled — comfortable using AI tools to sharpen analysis, streamline routine processes, and focus human attention where judgment matters most. This is not a technology build role; it is an execution role for someone who uses modern tools intelligently.

For the right person, this role offers a clear path toward taking on broader responsibility across the trading function as the desk and platform continue to scale.

The Team

The trading desk operates as a single unit. Traders work in close collaboration — covering the full trading mandate together, sharing knowledge, and ensuring seamless continuity across all markets and instruments. While each trader brings distinct expertise to the desk, the expectation is full mutual coverage: there are no hard boundaries in a live market.

The Senior Trader contributes to the quality and consistency of execution across the team and helps to develop the collective capability of the trading function over time.

Responsibilities: What you will do/ What you will own

• Execute trades across equities, ETFs, derivatives, FX, digital assets, and physical commodities
• Own the FX hedging program — design, execution, ongoing monitoring, and reconciliation across all applicable fund mandates
• Trade and settle digital assets and physical bullion across supported fund structures
• Provide full coverage across all trading functions — the desk operates as one
• Monitor intraday market conditions and manage execution quality across all instruments
• Approve and manage daily market maker basket files as required

Analysis & Position Management

• Model and monitor FX hedging positions and derivatives exposure — understand the risk, not just the trade
• Use AI tools to maintain execution analytics, track hedge performance, and surface position-level insights
• Monitor daily cash balances and fund liquidity across applicable mandates
• Maintain Bloomberg AIM data integrity — positions, security setup, and book of record hygiene — in coordination with the trade operations team

Workflow & Desk Development

• Identify and drive workflow improvements — use AI tools and available platforms to reduce manual effort and
• Contribute to the development of the broader trading team — share expertise, provide guidance, and help raise the quality of execution across the function
• Collaborate with technology and engineering on desk automation initiatives
• Document and standardise trading workflows as automation is deployed

Compliance & Risk

• Ensure all trading activity complies with fund mandates, regulatory requirements, and internal policies
• Escalate material exceptions promptly with full context and a clear recommendation
• Maintain accurate audit trails across all executed transactions

Qualifications: What you will bring

Experience

• 5+ years of experience in a trading or capital markets execution role at a buy-side or sell-side institution
• Demonstrated experience managing and executing an FX hedging program across multiple fund mandates
• Hands-on experience trading and settling digital assets in a regulated or institutional environment
• Proven multi-asset execution across equities, ETFs, derivatives, and FX

Technical & Analytical

• Proficiency with Bloomberg (EMSX, AIM, or equivalent OMS/EMS)
• Quantitative fluency — able to independently model, monitor, and communicate FX and derivatives positions
• Comfortable using AI tools such as Claude or Microsoft Copilot to automate analysis, surface exceptions, and improve how the desk operates — without needing to build the tools yourself
• Strong understanding of the full trade lifecycle from execution through settlement
• Precision and urgency in a live market environment — accurate under pressure, every time
• Takes ownership — closes issues independently and escalates with context, not just flags
• Natural collaborator — works openly with the team, shares knowledge, and contributes to a high-trust environment
• Proactive communicator — updates, flags, and surfaces issues without being prompted
• Improvement mindset — looks for better ways to do things and acts on them

Preferred Qualifications

• Familiarity with OTC derivatives — swaps, structured products, or off-exchange instruments
• Exposure to ETF market structure and authorised participant relationships
• Experience leading or mentoring on a trading desk
• Canadian securities licensing (CSC, CFA, or equivalent) is an asset

Why should you 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 - a flexible paid time-off policy covering vacation, 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.

Applicants must be legally entitled to work in Canada. Immigration sponsorship is not offered for this role.

We may use artificial intelligence technology to assist in screening, assessing, or selecting applicants for this position. Final hiring decisions are made by qualified human reviewers.