Vice President, Currency Risk and Hedging, Capital Markets

Northleaf Capital Partners • Toronto, ON

1d • Hybrid

About The Position

Northleaf Capital Partners is seeking a senior leader to join their Capital Markets team in Toronto. This role reports to the Managing Director, Capital Markets and will be responsible for designing, leading, and scaling the firm’s currency risk management program. The individual will own policy, strategy, and execution for foreign exchange risk, strengthening governance and reporting, and ensuring efficient operations to support global growth. This is a high-visibility role with regular interaction with various committees, teams, and banking counterparties.

Requirements

• 10+ years of progressive FX/treasury/market risk experience in asset management, pension/sovereign, private markets or global corporate treasury, capital markets or currency desks; multi fund, multi jurisdiction experience strongly preferred.
• Demonstrated leadership of enterprise-wide hedging programs (policy through execution) with hands on derivatives expertise: forwards/NDFs, FX swaps, options.
• Deep understanding of NAV and share class hedging, cash flow and balance sheet hedging, and the nuances across private equity, private credit and infrastructure fund structures.
• Strong data and analytics orientation: exposure modeling, hedge ratio design, sensitivity/attribution and performance reporting; proficiency in Excel; Python/SQL helpful.
• Excellent stakeholder management, communication and executive level presentation skills; ability to translate technical topics into clear decisions.
• Bachelor’s degree required.
• A self-starter who is analytical and forward thinking with the ability to drill down into data and issues.
• Excellent interpersonal and communications skills (verbal and written) with the ability to liaise with all levels of individuals both internally and externally.

Nice To Haves

• Relevant credentials (CFA, FRM, PRM, CTP) an asset
• graduate degree preferred

Responsibilities

• Redesign and own Northleaf’s FX Risk Policy covering corporate, fund-level and share-class/NAV hedging; collaborate with team members to determine appropriate risk appetite, target/trigger thresholds, eligible instruments and control framework.
• Build a comprehensive hedging strategy that aligns with corporate/fund cash flow profiles, fee currencies and investor base; set playbooks for balance-sheet, cash-flow and NAV hedging across PE, PC and Infrastructure.
• Prepare materials for Executive/Investment/Risk Committees; maintain policy documentation, annual reviews and exception management.
• Architect corporate and portfolio-level hedge programs (rolling forwards, swaps, options where appropriate) including NAV/share-class hedging and deal-level hedging.
• Conduct scenario analysis and risk reporting.
• Lead relationship development and execution with banking partners to optimize price, liquidity and best-execution/TCA; manage allocations across funds and accounts.
• Oversee counterparty management (ISDA/CSA negotiations, UMR/margin, eligibility schedules) in partnership with Legal and Compliance; optimize collateral terms and sources.
• Implement robust risk measurement (VaR/sensitivity, stress/scenario analysis, back-testing) and performance attribution of hedging vs. policy targets.
• Build executive-ready dashboards for P&L, cost-of-carry, slippage/TCA, hedge effectiveness, residual risk and capital/LIQ implications.
• Collaborate with Liquidity team on cash forecasting and liquidity management.
• Manage and optimize excess cash balances.
• Implement cash pooling/concentration structures.
• Coordinate with Investment and Portfolio Strategy and Analytics team on short-term investments.
• Drive standardization and automation in FX processes.
• Enhance treasury systems and controls in concert with cash management and corporate finance groups.
• Improve documentation and internal workflows.
• Be the firm’s subject-matter expert on FX for investment teams and investor relations as well as an external resource for investors / prospects; contribute to product design for new mandates/share classes.
• Participate in key FX provider and treasury relationships externally across our global platform of partners.
• Monitor performance and pricing across these partners.

Benefits

• employer-funded benefits plan
• attractive retirement offering, which includes a group retirement plan and the ability to invest in Northleaf funds on a no fee/no carry basis
• fitness and wellness reimbursement
• charitable donation matching
• tuition assistance
• flexible working arrangements, with up to two remote days per week and the option for fully remote for up to two weeks per year

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 101-250 employees