Principal, Total Portfolio Management Trading Desk

OPTrust • Toronto, ON

5d • Hybrid

About The Position

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.

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.

Requirements

• 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.
• Exemplify OPTrust’s values: collaboration and teamwork, integrity, respect, flexibility, excellence, and continuous improvement.

Nice To Haves

• Previous experience using Bloomberg an asset.

Responsibilities

• 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.

Benefits

• 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.
• 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.

What This Job Offers

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