Managing Director, Interest Rates in Toronto

Why you’ll love working here:

• High-performance, people-focused culture.
• Commitment to equity, diversity, and inclusion as fundamental to our work environment and business success.
• Learning and development initiatives, including workshops, Speaker Series events, and access to LinkedIn Learning, that support employees’ career growth.
• Membership in HOOPP’s world-class defined benefit pension plan, which can serve as an important part of your retirement security.
• Competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's 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.
• The opportunity to make a difference and help take care of those who care for us by providing a financially secure retirement for Ontario healthcare workers.

Job Summary:

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.

What you will do:

• Lead the development, implementation, and trading execution of global interest rate strategies within liquidity, risk, and mandate guidelines ensuring these strategies are aligned with HOOPP’s Total Fund objectives and risk parameters.
• Identify and implement both strategic and tactical opportunities to generate alpha specifically in Canadian and U.S. interest rate cash and derivatives markets.
• 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 the portfolios across cash and derivative securities.
• 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 development and growth of 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.

What you bring:

• An undergraduate degree in Finance, Economics, Mathematics, Engineering, Business, or a related discipline; a CFA designation or advanced degree is preferred.
• 15+ years of direct investment management experience with deep expertise specifically in Canadian and U.S. rates markets.
• A demonstrated record of success managing large institutional portfolios delivering strong risk-adjusted performance through different market cycles.
• Proven leadership capability with experience leading an investment team and business.
• Sound judgment and integrity, and the 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.

The actual base salary offered to the successful candidate 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. This role is eligible to participate in discretionary incentive plan(s), subject to the terms and conditions of the applicable incentive plan text. This job is for an existing vacancy. HOOPP may use artificial intelligence tools to assist in screening, assessing, and selecting applicants for this position.

About HOOPP:

Founded in 1960 by the Ontario Hospital Association, the Healthcare of Ontario Pension Plan (HOOPP) is one of Canada’s strongest and most stable defined benefit pension plans. For over 65 years, HOOPP has delivered on its pension promise to Ontario’s healthcare workers, now serving more than 504,000 members and 870 employers across the province. With offices in Toronto and London, HOOPP manages a global, diversified multi-asset portfolio. One of Canada’s Maple 8 pension plans, HOOPP oversees $132 billion in assets and remains fully funded, supported by strong risk-adjusted returns, stable contribution rates for more than 20 years and independent governance. Our strength is powered by our people who bring HOOPP’s mission, vision, and values to life and play a crucial role in helping us succeed. We are a purpose-driven organization committed to building an equitable, diverse, and inclusive workplace where different perspectives drive better outcomes. We look for talented, forward-thinking individuals who want their work to have real impact on the lives of others. We believe an equitable, diverse, and inclusive (EDI) workplace is integral to cultivating a positive culture.