Fixed Income Portfolio Manager/Portfolio Engineer

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you’ll be doing

 

CIBC Global Asset Management (CGAM) is one of Canada's largest asset management firms with approximately $300 billion in assets under management and possess over forty-five years of experience designing and implementing client solutions. We are leaders in providing a broad range of high-quality global investment management solutions to retail and institutional clients.

 

Our assets include those under institutional money management for pension funds, endowments and insurance funds, private wealth management, and those that are part of the CIBC family of mutual funds such as CIBC Mutual Funds and Renaissance Investments family of funds and the CIBC family of managed portfolio solutions such as Managed Portfolio Services (MPS), Personal Portfolio Services (PPS), Frontiers Pools, Axiom Portfolios.

 

At CIBC, our goal is to help our clients achieve what matters to them. Our philosophy is based on the CIBC values of Trust, Teamwork, and Accountability and we achieve results for our clients through an in-depth disciplined investing approach based on rigor and research.

 

Reporting to a Sr. fixed income Portfolio Manager this role is responsible for identifying, constructing, and managing a range of innovative Best in Class investment solutions that make a significant contribution to establishing and then sustaining CGAM as a global leader in Global Fixed Income and Absolute return investing.

 

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

 

 

How you’ll succeed

 

• Portfolio Management: Develop and implement an innovative institutional quality global fixed income absolute return platform. Strategy to encompass allocations to, inter alia, developed market sovereign debt, investment grade, and securitized assets. Once implemented, act as lead portfolio manager with responsibility for risk management and dynamic risk capital allocation across the various investment strategies. Ensure the developed strategy is diversifying, accretive, and has the requisite performance features to drive client demand (e.g., including, but not limited to, consistently top quartile performance within a representative peer universe), efficient return on risk capital, and complementary to the firm’s existing fixed income capabilities. Design and build supporting risk management and portfolio construction infrastructure in partnership with quantitative team colleagues.

• Strategy Innovation: Identify and collaborate with CGAM colleagues to design, launch, and manage innovative and diversifying absolute return investment strategies. These strategies may include, but are not limited to, intra-Europe spread strategies, global domestic rates , U.S agency MBS (Spec pools, CMOs, TBAs, IOs), and various non-linear interest rate strategies.

• Business Development Activities: Provide support to the firm’s Business Development activities in the build-out of world class global fixed income and absolute return investment platforms. To include participation at conferences, webinars, podcasts, and meetings, as well as authorship of relevant white paper research notes.

• Team Support & Collaboration: Support and mentor PMs across CGAM’s investment teams in the design of enhancements to their investment processes and risk management and portfolio construction infrastructure and procedures. Actively mentor less experienced PMs to ensure CGAM portfolio management practices are consistently Best in Class.

 

 

Who you are

• You have an undergraduate degree (required);  A graduate degree in engineering, math, business, finance and/or economics is desired.

• You can demonstrate experience. 15+ years of relevant experience as a senior investment professional with advanced knowledge of capital markets and rigorous portfolio and risk management expertise across a range of asset classes. Experience across the following markets; developed interest rates (both linear and non-linear), interest rate swap spreads, cross currency basis, invoice spreads, cash-futures basis, asset swaps, U.S. agency MBS (TBA, Spec Pools, CMOs, IOs), and structured interest rate strategies. Successful candidate will have experience in validating/modeling convexity/modeling convexity risks associated with U.S MBS and gamma/vega calibration associated with various interest rate options. Experience in developing Capital at risk and risk adjusted return on capital models. Successful candidate will have developed capital at risk models based on a Value-At-Risk (VAR) framework to aid in effectively allocating capital across multiple investment strategies to achieve optimal risk adjusted returns on capital. Experience in building fixed income businesses, with a focus on total return, hedge fund, and liquid alternative strategies. Proficiency in French, both written and spoken (asset).  

• You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends. Strong computational, programming capabilities. Candidate able to develop modeling tools on programming platforms, preferably Matlab.

• You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making. Excellent problem solving and critical thinking with strong attention to detail, able to accurately identify a problem’s source, severity, and impact to determine possible solutions and required resources.

• You’re goal oriented and willing to accept that hands-on work is required given the comparatively flat nature of the organization. You will continually strive for Best in Class performance standards, and will embrace the importance of continuous improvement and proactively seek improvements in both your particular area of expertise as well as across the entire business and instill these high standards within your day-to-day work. You are motivated by collective success. Collaborative team player willing to regularly contribute to team and firm initiatives and successes to ensure our firm can distinguish itself through the provision of distinctive, world-class investor solutions, service, and communication. Willingness and ability to coach and mentor less experienced colleagues. Ability to thrive in a fast-paced, dynamic environment while managing multiple priorities. Ability to understand, conceptualize and implement business processes to ensure successful achievement of accountabilities. Able to consistently meet deadlines and to work under pressure. Excellent interpersonal, verbal and written communication skills. Able to concisely explain highly technical information to audiences with varying technical expertise.

• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability. You will exude integrity, embrace a fiduciary culture and act in the best interests of investors who have chosen CGAM as a steward of their investments. You will conduct business in accordance with the highest legal and ethical standards.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

• We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-161 Bay St., 22nd

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Decision Making, Financial Analysis, Fixed Income Investments, Investment Policy, Leadership, Professional Presentation, Researching, Research Reporting