Managing Director, Interest Rates at HOOPP (Healthcare of Ontario Pension Plan) | CA | Rezi

Managing Director, Interest Rates at HOOPP (Healthcare of Ontario Pension Plan)

Managing Director, Interest Rates

HOOPP (Healthcare of Ontario Pension Plan) · CA

1 weeks ago

Managing Director, Interest Rates

HOOPP (Healthcare of Ontario Pension Plan) · CA

11 days ago
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About the Role

The Managing Director, Interest Rates is accountable for developing and implementing the interest rate investment strategy to deliver strong risk-adjusted returns in support of HOOPP's Total Portfolio Approach. The role requires deep expertise in global fixed income markets with a particular focus on Canadian interest rate markets. The Managing Director is accountable for portfolio construction, capital allocation, investment strategy and performance, talent development and the continued evolution of the Interest Rates strategy. The successful candidate will get an opportunity to partner with other senior investment leaders across various teams in Capital Markets.

Responsibilities

  • Lead the development, implementation, and trading execution of global interest rate strategies within liquidity, risk, and mandate guidelines, ensuring alignment with HOOPP’s Total Fund objectives and risk parameters.
  • Identify and implement strategic and tactical opportunities to generate alpha in Canadian and U.S. interest rate cash and derivatives markets, with an emphasis on disciplined trade implementation.
  • Apply deep expertise of Canadian market liquidity sources to directly execute transactions.
  • Identify trading signals and dislocations via analysis of central bank policy, market structure, macroeconomic investment themes, and investor behaviors.
  • Oversee portfolio construction and optimize capital allocation decisions for portfolios across cash and derivative securities in accordance with the Firm’s opportunity set, VaR and capital usage, and liquidity guidelines.
  • Ideate, develop, and conduct quantitative research initiatives and analytical tool building to improve investment decision making and portfolio efficiency.
  • Partner with Risk and analytics teams to enhance investment tools, stress testing, scenario analysis, and portfolio reporting.
  • Assist in the development and growth of the Interest Rates business, including new and profitable adjacent strategies like inflation-linked and U.S. agency markets.
  • Drive technological implementation of automation and AI-related initiatives.
  • Develop, mentor, and inspire investment professionals while strengthening leadership capability, succession pipelines, and talent retention.
  • Build and maintain relationships with external market professionals: dealers, research providers, industry peers, and the broader investment community.
  • Communicate clearly internally and externally to senior leadership and governance bodies on portfolio strategy and performance, risk positioning, market developments, and recommendations.
  • Collaborate closely with Total Fund Management, Balance Sheet and Liquidity Management, Risk, and other investment teams to support strategy, governance, liquidity planning, and asset mix decisions at the Fund level.

Requirements

  • An undergraduate degree in Finance, Economics, Mathematics, Engineering, Business, or a related discipline.
  • 15+ years of direct investment management experience with deep expertise specifically in Canadian and U.S. rates markets, including both cash and derivatives products.
  • Experience in benchmark aware and proprietary macro investing across nominal and inflation-linked developed markets.
  • A demonstrated record of success managing large institutional portfolios delivering strong risk-adjusted performance through different market cycles.
  • Strong skills in portfolio construction, capital allocation, direct trade execution, and risk management.
  • Contributions to the strategic direction of the investment business.
  • Proven leadership capability with experience leading an investment team and business: setting clear direction, developing talent at all levels, providing constructive feedback while fostering an accountable and high-performing team culture.
  • Sound judgment and integrity.
  • Ability to communicate complex macroeconomic concepts to senior stakeholders, management, and committees.
  • Long established senior relationships across the Canadian fixed income buy side and sell side investment communities.
  • Consistently demonstrates HOOPP's values of being Accountable, Compassionate, and Trustworthy through leadership, decision-making, and collaboration.

Skills

  • Global fixed income markets expertise
  • Canadian interest rate markets expertise
  • Portfolio construction
  • Capital allocation
  • Investment strategy
  • Performance management
  • Talent development
  • Risk management
  • Trade execution
  • Quantitative research
  • Analytical tool building
  • Stress testing
  • Scenario analysis
  • Portfolio reporting
  • Technological implementation
  • Automation
  • Artificial intelligence
  • Leadership
  • Mentoring
  • Communication
  • Relationship building

Location

  • N/A

Work Type

  • N/A

Experience Level

  • 15+ years of direct investment management experience

Education Level

  • Undergraduate degree in Finance, Economics, Mathematics, Engineering, Business, or a related discipline
  • CFA designation preferred
  • Advanced degree preferred

Salary/Compensations

  • Actual base salary offered may vary based on multiple factors including, but not limited to, individual's expertise and level of experience applicable to the role they are being offered.
  • Eligible to participate in discretionary incentive plan(s), subject to the terms and conditions of the applicable incentive plan text.

Benefits

  • High-performance, people-focused culture
  • Commitment to equity, diversity, and inclusion
  • Learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning
  • Membership in HOOPP’s world class defined benefit pension plan
  • Competitive, 100% company-paid extended health and dental benefits for permanent employees
  • Coverage supporting diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account)
  • Optional post-retirement health and dental benefits subsidized at 50%
  • Yoga classes, meditation workshops, nutritional consultations, and wellness seminars

About the Company

  • HOOPP is committed to making a difference and helping take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers.

Equal Opportunity

  • HOOPP may use artificial intelligence tools to assist in screening, assessing and selecting applicants for this position. These tools support our recruitment process but do not replace human judgment and decision-making.