Portfolio Manager

RPIA • Toronto, ON

37d • CA$150,000 - CA$175,000 • Onsite

About The Position

We are seeking a full-time permanent Portfolio Manager to join our Investment Management team. The Portfolio Manager will play a key role in managing North American investment-grade corporate credit portfolios across both CAD and USD mandates. This role is best suited to an experienced buy-side portfolio manager, senior credit investor, or institutional fixed income professional who combines strong fundamental credit analysis with market insight, relative value expertise, and sound portfolio construction judgment.

Requirements

• 7+ years of experience investing in, managing, or trading North American fixed-income portfolios with significant exposure to CAD and USD investment-grade corporate credit
• Demonstrated experience evaluating and investing across primary and secondary corporate bond markets, including security selection, relative value analysis, and portfolio positioning
• Strong understanding of credit markets, macroeconomics, monetary policy, interest-rate dynamics, and fixed-income relative value strategies
• Experience contributing to portfolio construction, risk budgeting, and investment decision-making within institutional fixed-income portfolios
• Proven ability to develop, defend, and implement independent investment views and generate investment ideas that contribute to portfolio performance
• Experience investing through multiple credit and interest-rate cycles
• Graduation from a post-secondary institution in Finance, Economics, Business, Engineering, Mathematics, or a related discipline
• CFA designation, CIM, or other qualifications required for registration with applicable Canadian securities regulators
• Experience in credit research, institutional fixed-income portfolio management, fixed-income trading, investment banking, or related capital markets roles
• Strong quantitative, analytical, communication, and relationship-management skills

Nice To Haves

• Established relationships with dealer trading desks, syndicate teams, issuers, and other market participants considered a strong asset

Responsibilities

• Contribute meaningfully to portfolio construction, risk budgeting, and investment decision-making across CAD and USD investment-grade corporate credit portfolios.
• Develop and implement high-conviction investment ideas based on fundamental, technical, and relative value analysis.
• Assess portfolio exposures across sectors, issuers, ratings, duration, spread duration, liquidity, and concentration limits.
• Identify opportunities to enhance risk-adjusted returns through security selection, sector allocation, and relative value positioning.
• Participate in investment committee discussions and portfolio reviews, providing independent recommendations and market insights.
• Develop independent views on issuers, sectors, and broader credit markets.
• Analyze company fundamentals, capital structures, leverage trends, earnings performance, and credit trajectories.
• Evaluate opportunities across primary and secondary markets, identifying mispriced securities and attractive risk-adjusted return opportunities.
• Incorporate macroeconomic developments, monetary policy, interest-rate dynamics, and credit cycle considerations into portfolio positioning.
• Partner closely with research colleagues to challenge assumptions, refine investment theses, and identify emerging risks and opportunities.
• Maintain active relationships with dealer trading desks, syndicate teams, issuers, and institutional market participants.
• Evaluate and execute primary market opportunities, including new issue pricing, allocations, and relative value assessment.
• Monitor market technicals, fund flows, supply-demand dynamics, and liquidity conditions across corporate credit markets.
• Source liquidity and execute transactions efficiently across investment-grade bond markets.

Benefits

• Exceptional single and family benefits package that includes health, dental, and vision insurance plus additional Health Care Spending and Wellness credits.
• inConfidence (provided by Medavie Blue Cross via Inkblot) Employee and Family Assistance Program to support mental well-being and extends to all family members in your household.
• Opportunities for professional and personal growth through: Cross-functional Mentorship Program, Internally curated Leadership Skills training program

What This Job Offers

• Job Type: Full-time
• Career Level: Senior