Vancity is the largest private sector Living Wage Employer in Canada and have been consistently recognized as one of the Top Employers in Canada. Come join our team of 2,600 diverse individuals and access competitive rewards & benefits, all while knowing you are a part of a greater movement.
The Portfolio Manager (PM) is responsible for monitoring and managing Vancity’s liquid investment portfolio in a manner that delivers returns at or above established benchmarks, and within Vancity’s ESG/Impact and risk frameworks. The PM will develop strategic or tactical portfolio allocation targets, and rebalance portfolios factoring in economic, financial market trends, internal and external liquidity conditions, internal balance sheet objectives, and regulatory requirements as applicable.
The incumbent will maintain liquidity adequacy in accordance with Vancity’s liquidity and investment policies as well as within any regulatory requirements, and manage the portfolio to be ready and resilient during stressed periods. The PM will develop and facilitate regular and timely portfolio reporting to all key stakeholders, in a manner that enables proactive monitoring of investment strategy, drive an effective end-to-end investment decision making process and foster strong relationships with counterparty, dealer banks and other external organizations.
The role:
Portfolio Management
- Develop and implement investment strategies tailored to the liquidity needs and risk appetite of the bank.
- Monitor and manage Vancity’s liquid investment portfolio management strategy that delivers returns at or above established benchmarks and within Vancity and ESG/Impact and risk frameworks.
- Develop strategic or tactical portfolio allocation targets, and rebalance portfolios factoring in economic, financial market trends, internal and external liquidity conditions, internal balance sheet objectives, and regulatory requirements as applicable.
- Develop and manage an approved investment and issuer/security universe eligible for the Treasury investment portfolio.
Communication
- Prepare and present investment proposals, performance reports, and risk assessments to senior management and investment committees.
- Provide daily summation of economic data releases and their associated implications for the capital markets.
- Develop and facilitate regular and timely portfolio reporting that enables proactive monitoring of investment strategy, portfolio rebalancing and an effective investment decision making process within Treasury.
Liquidity Management
- Maintain liquidity adequacy of the investment portfolio in accordance with Vancity’s liquidity and investment policies as well as within any regulatory requirements, to ensure readiness and resilience during stressed periods.
- Keep abreast of market trends, economic developments, and regulatory changes affecting the liquidity management processes.
Markets and Relationship Management
- Maintain markets and economic environment to ensure proactive Portfolio management and strategy rebalancing as necessary
- Foster and maintain strong relationships with counterparty and dealer banks and other external organizations as needed to manage the Treasury portfolio.
- Constantly liaise with counterparties and dealer banks to facilitate effective price discovery and optimize trade execution and settlement.
Leadership and Collaboration
- Lead the daily operations and communication associated with the management of the investment portfolio within Treasury and across key stakeholders such as reporting committees, regulators, and other stakeholders as needed.
- Work collaboratively with Treasury operations for cash management and funding transactions in real time in alignment with Vancity’s liquidity needs.
- Collaborate with other departments to enhance the investment management and reporting processes and increase visibility into the activities of the investment portfolio.
You are:
- Customer-centric – you define and measure success through the eyes of your internal customers and anticipate, understand and respond to their evolving needs.
- Results-oriented – you have a demonstrated ability to engage business partners in order to conduct diagnosis, analyze findings, generate appropriate options, and build quality deliverables all while securing their commitment to these solutions.
- Exceptional communicator – Heightened interpersonal skills, you are comfortable communicating with stakeholders in different levels of the organization. Demonstrate confidence and provide highly specialized project delivery expertise and advice.
- An organized planner – you collaborate with and organize multiple stakeholders in the development and delivery of specialized project activities. You can establish tactical plans and initiatives, and lead development of integrated solutions, services and projects.
- Natural problem solver and decision-maker – You lead diagnosis of project challenges, find innovative business solutions, and assess risks and opportunities. You make timely decisions.
- Innovative – You apply original thinking to improve processes, methods, systems, or services.
- Reliable – You demonstrate a high level of dependability in all aspects of the job.
- Technology savvy– You are constantly seeking to gain knowledge that is relevant to your role and to apply it in effective ways.
You have:
- Bachelor’s degree (or higher), preferably in Finance, Economics, Business Administration, Commerce, Mathematics or a related field
- 5+ years’ experience in Financial Services industry, including fixed income trade execution and portfolio management
- Completion of CFA designation or equivalent
- Solid knowledge of Capital Markets, Trading, Bond and fixed-income investment portfolio management, Liquidity management
- Excel, Bloomberg, and various financial market systems
- Strong communication, interpersonal and organizational skillsets
We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.
The salary range for the role is $102,200 to $153,200 and a candidate’s offer is likely to be up to the mid-point of the role ($127,700). The upper half of the salary range is typically reserved for individuals who have demonstrated consistent strong performance in the role and possess a high level of job knowledge and skill.
Posting Deadline: Posted until Filled
We offer:
- We are the largest private-sector Living Wage Employer in Canada and have been consistently recognized as one of the Top Employers in Canada.
- Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs.
- New employees receive between three to four weeks of vacation allowance per calendar year, and the number of vacation days grows — to a maximum of six weeks per year — as their length of service increases. In addition, full-time, permanent staff may be able to purchase extra days of vacation through our flexible benefits package.
- In addition to the 10 statutory holidays in British Columbia, Vancity provides an additional three statutory holidays. We offer care days for periods of short-term personal illness or emergency family illness, plus opportunities to take unpaid leave for a variety of reasons.
- Our health care & dental benefits offer three levels of health care and dental coverage for you to select from. These benefits will also be effective immediately based on your hire date.
- We understand that retirement means different things to different people and at Vancity we will offer you a Defined pension plan that pays you a retirement income for life.
At Vancity we’re committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent, understand and respond to our community needs and deliver on our member experience. As part of this commitment we are taking action to learn more about our applicants and ask that you complete a short and anonymous Diversity Survey that will influence the design and execution of Vancity’s overall DEI initiatives and programs, one of which aims to advance our commitment to become a financial force for change and build a fair world. Please click this hyperlink to complete the Diversity Survey. Your responses are collected anonymously and will never be linked to your job application.
Please note that all shortlisted candidates for this role will be required to complete a background check which includes employment verification, credit check, and a criminal record check. Vancity is an inclusive and equitable employer and actively seeks to advance racial equity, inclusion and belonging across the organization. Vancity offers required accommodations in all stages of the recruitment process. If you require an accommodation, please advise us, and we will work with you to meet your needs.
