Portfolio Manager, Fixed Income at City of Edmonton

Are you an accomplished finance professional seeking a pivotal role in managing significant investment portfolios? The City of Edmonton is looking for a dedicated Portfolio Manager, Fixed Income to oversee an internal bond portfolio valued at approximately $1.0 billion. This critical position contributes to the success of our broader $2.0 billion fixed income portfolios, forming a key function within the City of Edmonton's overall $3.5 billion investment program. Beyond day-to-day portfolio management, this dynamic role also encompasses engaging in strategic planning and special projects initiated by City Council or other City departments, offering a unique opportunity to provide high-level financial direction across the organization.

What will you do?

• Manage and trade an internal bond portfolio, primarily focusing on one valued at approximately $1.0 billion
• Stay updated on daily economic and corporate news to inform investment decisions
• Conduct intensive research and analysis on numerous security issuers to identify investment opportunities
• Forecast interest rate and credit spread movements to optimize portfolio performance
• Collaborate with and support other Portfolio Managers within the Investment Management Section
• Propose investment strategies for internally managed fixed income portfolios and contribute to the City's overall investment program
• Contribute significantly to the investment earnings of various City funds
• Maintain the City of Edmonton's approved list of bond investments, ensuring institutions meet stringent standards
• Work collaboratively with other Investment Management Section members to foster a high-performing team
• Possess a strong understanding of Canadian fixed income markets and settlement conventions

• University Degree in Commerce with a major in Finance
• Chartered Financial Analyst (CFA) designation
• Minimum 7 years of experience acquired through working in an investment operation of a large municipality, corporation or investment management firm

Assets:

• MBA or Master’s degree

Skills required for success:

• Comprehensive understanding of financial management, capital markets, securities analysis, and portfolio management
• Proficiency in accounting principles, practices, and relevant computer systems for investment management
• Strong analytical capabilities to develop effective investment policies and strategies for the City
• Excellent communication and interpersonal skills for interacting with various internal and external partners, coupled with a high degree of initiative and independence
• Alignment to our Cultural Commitments and Leadership Competencies (https://bit.ly/4brRrXm)
• Embracing a culture of equity, diversity, reconciliation and inclusion
• Applicants may be tested

Conditions of employment and work environment:

• Up to: 1 permanent full-time position
• Hours of work: 36.9 hours per week, Monday - Friday
• Salary: $139,868.85 - $174,870.68 (Annually) (PT3 with Market Adjustment). This role also offers a variable pay component linked to performance targets (Interested candidates are asked to provide their salary/compensation expectations)
• This position may be eligible for a hybrid work arrangement with the flexibility to work from both home and the worksite
• This position is eligible for the EDO program (Earned Day Off)
• Hire is dependent upon a Police Information Check satisfactory to the City of Edmonton

The City of Edmonton values applicants with a diverse range of skills, experiences and competencies, and encourages you to apply. We strive to provide reasonable access and accommodations throughout the recruitment process. To request an accommodation, please contact [email protected]. Learn more about our benefits https://bit.ly/COEbenefits.

Talent sourced through this process may be considered for similar opportunities within the City of Edmonton.

Talent Acquisition Consultant: AS/SB

Edmonton rests in the heart of Treaty Six territory in Alberta and the homelands of the Metis Nation.