Fixed Income Analyst
Picton Mahoney Asset Management
Toronto, ON
Our Company

Picton Mahoney Asset Management (“PMAM”) was founded in 2004 to provide unique investment solutions to institutional, retail and high net worth investors in Canada and around the world. We are proud to say that we are 100% employee-owned and manage approximately $7 billion in sub-advisory, pension plan and hedge fund assets on behalf of our clients.

Why Work at Picton Mahoney?

We work together; fully engaged and aligned. We support each other, and our actions contribute to the strategic goals of our firm. We are highly focused on continuous improvement while driving positive change and stronger results across our team and the firm. We believe in integrity and always “doing the right thing” for our clients, colleagues and the firm. We are committed to performance, excellence and winning. At Picton Mahoney, “stepping up” is an action, not a thought, which results in the development and implementation of those ideas. We accept full responsibility for personal performance and results. We believe in being open when providing and receiving feedback, because it makes us better at what we do best.

The Opportunity

Picton Mahoney Asset Management is presently seeking an extremely self-motivated, career-oriented individual to join as a Fixed Income Analyst. As an Analyst, you will directly support our Portfolio Managers and Bond Team with fundamental credit analysis while gaining direct exposure to the portfolio management process from a top-down macro and bottom-up perspective. As a member of the Fixed Income team, the successful candidate will be responsible for idea generation, sector coverage, analytical support and monitoring time sensitive market information and news. Areas of focus will be on global corporate bonds including high yield, investment grade, convertibles and preferred shares.

Responsibilities of the Role

Research ideas for the firm’s fixed income portfolios, including long and short thesis statements in conjunction with analyst initiatives
Conduct financial analysis (relative value, financial modelling, etc.) for the research team
Monitor existing portfolios for changes in investment thesis
Provide support on all aspects of the portfolio management process including construction, implementation and risk monitoring
Conduct independent, fundamental research on the key drivers of fixed income securities
Maintain effective dialogue with Analysts and Portfolio Managers as new developments arise
Provide thorough research including corporate evaluation, covenant analysis, and industry understanding
Work with Portfolio Managers to continuously improve the risk/reward of the fixed income portfolios
The Qualifications and Experiences Required

Minimum 5-10 years of relevant experience as an Analyst, including fixed income / equity sales, trading, investment banking, or buy-side experience
Strong fundamental and quantitative analysis skills with keen attention to detail
Ability to put forth investment recommendations in a clear and concise manner both written and verbally
Minimum of Bachelors’ degree or equivalent in Economics, Finance, Engineering, or Business Administration
CFA or progress toward the charter would be an asset
Solid understanding of fixed income analysis and risk metrics
Understanding of macro and international economics
A strong sense of business ethics and professionalism
Collaborative and team oriented attitude
Experience with short selling and derivatives is preferred
Inquisitive nature, independent thinker and self-starter
A passion and enthusiasm for capital markets and global fixed income investing
An entrepreneurial spirit is strongly encouraged
Experience with credit sales and trading and market technicals is a strong asset