Senior Portfolio Manager, Fixed Income Investments

Job title:

Senior Portfolio Manager, Fixed Income Investments

Company

Canada Post

Job description

Job Requisition Id: 183827
Business Function: Pension Investment
Primary City: Toronto
Other Location(s):
Province: Ont. – GTA
Employment Type: Full-Time
Employment Status: Permanent
Language Requirement: English Essential
Employee Class and Level: CPPIA02
Number of Vacancies 1
Job Closing Date (MM/DD/YYYY): 09/11/2024All qualified candidates will be considered however preference will be given to Indigenous people (First Nations, Metis or Inuit) or persons with a disability. This is a special measure employment equity initiative and candidates from this group who wish to qualify for preferential consideration must self-identify.Job DescriptionReporting to the Director, Fixed Income Investments, the Senior Portfolio Manager will be actively involved with credit risk management for the corporate bond portfolios of the pension plan. This senior investment role will provide lead coverage for credit approvals, monitoring and recommendations for purchase and sale opportunities. Preparation of internal reports and monitoring documents will be required.Job Responsibilities1. Proactively identify and screen public fixed income opportunities to build and manage a portfolio of investment grade investments. Review company financial statements, investment research reports, business models, management teams and security structures as a basis for recommendations.2. Remain current with respect to opportunities, ideas and trends covering corporate credit of individual corporate names and sector components. Maintain a strong market awareness of the stage of market cycle and sector timing elements leading to market opportunities.3. Conduct comprehensive due diligence on public fixed income corporate names including detailed financial analysis and risk / return recommendations. Build, maintain and update detailed credit research documentation for approved credit names and monitor situations.4. Assess and review infrastructure transactions for identification of material risk components and return considerations.5. Prepare pension plan fixed income investment reports and presentations for the CPC pension committee and other committees. Attends and presents at these committee meetings as required.Job Responsibilities (continued)6. Develop and maintain strong working relationships with senior management of public corporations, rating agency personnel and investment dealers.7. Review and track credit performance of name and sector recommendations. Utilise portfolio systems such as Bloomberg, Statpro and other investment systems as required.8. Assess corporate structures, public disclosure documents and business models for investment recommendations. Review detailed disclosures on structured products, asset backed securities and other related structures for risk assessment and return considerations.9. Maintains a network of internal and external contacts to regularly benchmark and remain current on future trends and developments related to government standards, industry practices, legislation, guidelines, new technologies, and programs related to CPC’s responsibility in managing its own pension fund.QualificationsEducation

• University degree, preferably in Business or Finance; one or more of the following is an asset: MBA, CFA or CA.

Experience

• A minimum of 5 years experience in either one or a combination of the following fields: investment research, buy or sell side experience, rating agency experience or private and public infrastructure experience.

• 3 or more years’ direct investing experience in credit markets, specifically investment grade bonds.

Other Candidate Requirements

• Well-developed Excel skills, including financial modeling, discounted cash flow analysis, comparable company analysis, IRR performance calculations and benchmarking analysis.

• Proficiency in Bloomberg.

• Excellent written and verbal communication skills.

• Demonstrated track record of professional success.

Other InformationSafety Sensitive Positions
This position may be considered a Safety Sensitive position and has additional requirements under Canada Post’s Substance Use Policy.Employment EquityCanada Post will represent Canada’s diversity and provide a safe and welcoming workplace that embraces and celebrates our differences. We are committed to employment equity and encourage applications from women, Indigenous People, persons with disabilities and visible minorities.Disability is defined as a persistent or episodic physical, sensory, or mental health condition and/or functional limitation. Disability includes both visible and hidden conditions and/or limitations that may impact vision, hearing, mobility, flexibility, dexterity, pain, learning, developmental, mental/psychological, and memory.Conflict of Interest
The Conflict of Interest Policy prohibits employees from hiring, supervising or reporting to, directly or indirectly via the reporting hierarchy, their immediate family or close personal relations. Should you feel that you may be in an actual or potential Conflict of Interest in regard to this job opportunity, you must communicate with the designated Human Resources representative.AccommodationCanada Post is committed to providing an inclusive and barrier-free work environment, starting with the hiring process. If you are contacted by Canada Post regarding a job opportunity, please advise if you have any restrictions that need to be accommodated. All information received in relation to accommodation will be kept confidential.Important Message
Your application must clearly demonstrate how you meet the requirements as Canada Post cannot make assumptions about your education and experience. We thank all those who apply. Only those selected for further consideration will be contacted.Our signature behavioursMake the call – We’re empowered to make decisions, respectfully challenge the status quo, and support others to do the same.
Know the destination- We understand Canada Post’s strategy and goals and how we contribute to them, and we move forward with open minds when exploring new approaches.
Deliver for others – We take pride in doing our personal best, demonstrate care for others, and support and encourage them to reach their potential.
Ignite our pride- We play a role in making Canada stronger by celebrating who we are, the communities we service, and issues that matter.Our values
Our Values have three dimensions: “We matter as individuals, We matter to one another, We matter to our country”
TRUST
I earn the trust placed in me every day, and I trust that my safety and well-being are everyone’s top priority.
We do our best work when we trust each other.
We value the trust Canadians have in us, and understand it is earned with every decision and interaction.
RESPECT
I understand respect is the foundation of a successful workplace.
We respect each other as colleagues and treat each other as we would like to be treated.
We respect our country and the communities we serve, and understand we have a responsibility to be a positive force for change.
DELIVER
I challenge myself to safely deliver every day because what I do matters.
We are a network of people, united by what we accomplish and deliver together.
Delivering a stronger Canada for Canadians is at the heart of what we do

Expected salary

Location

Toronto, ON

Job date

Fri, 23 Aug 2024 00:47:57 GMT

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