At a Glance
- Tasks: Manage North American investment-grade corporate credit portfolios and develop high-conviction investment ideas.
- Company: Join RPIA, a leading investment management firm with a focus on innovation and collaboration.
- Benefits: Enjoy a competitive salary, comprehensive health benefits, and opportunities for professional growth.
- Other info: Dynamic work environment in Toronto with a commitment to diversity and inclusion.
- Why this job: Make a real impact in the finance world while working with top-tier professionals.
- Qualifications: 7+ years of experience in fixed income and strong analytical skills required.
The predicted salary is between 150000 - 175000 $ per year.
We are seeking a full‑time permanent Portfolio Manager to join our Investment Management team. The Portfolio Manager will play a key role in managing North American investment‑grade corporate credit portfolios across both CAD and USD mandates. The successful candidate will bring 7+ years of institutional fixed income experience with a demonstrated track record of generating investment ideas, constructing portfolios, and contributing to investment performance within corporate credit markets. They will possess deep expertise across primary and secondary investment‑grade bond markets, strong issuer and sector knowledge, and established relationships with dealer trading desks, syndicate teams, issuers, and other market participants. This role is best suited to an experienced buy‑side portfolio manager, senior credit investor, or institutional fixed income professional who combines strong fundamental credit analysis with market insight, relative value expertise, and sound portfolio construction judgment.
Responsibilities
- Portfolio Management & Portfolio Construction
- Contribute meaningfully to portfolio construction, risk budgeting, and investment decision‑making across CAD and USD investment‑grade corporate credit portfolios.
- Develop and implement high‑conviction investment ideas based on fundamental, technical, and relative value analysis.
- Assess portfolio exposures across sectors, issuers, ratings, duration, spread duration, liquidity, and concentration limits.
- Identify opportunities to enhance risk‑adjusted returns through security selection, sector allocation, and relative value positioning.
- Participate in investment committee discussions and portfolio reviews, providing independent recommendations and market insights.
- Credit Investing & Research
- Develop independent views on issuers, sectors, and broader credit markets.
- Analyze company fundamentals, capital structures, leverage trends, earnings performance, and credit trajectories.
- Evaluate opportunities across primary and secondary markets, identifying mispriced securities and attractive risk‑adjusted return opportunities.
- Incorporate macroeconomic developments, monetary policy, interest‑rate dynamics, and credit cycle considerations into portfolio positioning.
- Partner closely with research colleagues to challenge assumptions, refine investment theses, and identify emerging risks and opportunities.
- Market Engagement & Execution
- Maintain active relationships with dealer trading desks, syndicate teams, issuers, and institutional market participants.
- Evaluate and execute primary market opportunities, including new issue pricing, allocations, and relative value assessment.
- Monitor market technicals, fund flows, supply‑demand dynamics, and liquidity conditions across corporate credit markets.
- Source liquidity and execute transactions efficiently across investment‑grade bond markets.
Critical Competencies
- Technical Knowledge – Demonstrates deep expertise in North‑American fixed‑income markets with particular strength in CAD and USD investment‑grade corporate credit.
- Macro Perspective – Strong ability to interpret economic data, central bank policy, inflation dynamics, geopolitical developments, credit‑cycle trends, and market technicals to inform portfolio positioning and risk‑taking decisions.
- Investment Judgement – Demonstrates the ability to develop, defend, and implement independent investment views.
- Market Engagement – Maintains strong relationships across dealer trading desks, syndicate teams, issuers, and market participants.
- Operational Excellence – Maintains strong knowledge of ethical standards, due diligence requirements, portfolio controls, regulatory obligations, and risk‑management practices while upholding RPIA's fiduciary and client service standards.
- Ownership & Initiative – Self‑starter with intellectual curiosity, strong analytical capabilities, and a proactive approach to identifying opportunities, solving problems, and driving investment outcomes.
- Integrity & Collaboration – Professional, collaborative, and accountable individual who operates with the highest ethical standards, values diverse perspectives, and contributes positively to RPIA's culture and reputation.
Requirements
- 7+ years of experience investing in, managing, or trading North American fixed‑income portfolios with significant exposure to CAD and USD investment‑grade corporate credit.
- Demonstrated experience evaluating and investing across primary and secondary corporate bond markets, including security selection, relative value analysis, and portfolio positioning.
- Strong understanding of credit markets, macroeconomics, monetary policy, interest‑rate dynamics, and fixed‑income relative‑value strategies.
- Experience contributing to portfolio construction, risk budgeting, and investment decision‑making within institutional fixed‑income portfolios.
- Established relationships with dealer trading desks, syndicate teams, issuers, and other market participants considered a strong asset.
- Proven ability to develop, defend, and implement independent investment views and generate investment ideas that contribute to portfolio performance.
- Experience investing through multiple credit and interest‑rate cycles.
- Graduation from a post‑secondary institution in Finance, Economics, Business, Engineering, Mathematics, or a related discipline.
- CFA designation, CIM, or other qualifications required for registration with applicable Canadian securities regulators.
- Experience in credit research, institutional fixed‑income portfolio management, fixed‑income trading, investment banking, or related capital markets roles.
- Strong quantitative, analytical, communication, and relationship‑management skills.
Additional Information
- Position Type: Full‑Time Permanent
- Work Location: Toronto
- Compensation Range: $150,000 – $175,000 base salary, additional compensation may be available.
- Benefits: Exceptional single and family benefits package that includes health, dental, and vision insurance plus additional Health Care Spending and Wellness credits.
- inConfidence (provided by Medavie Blue Cross via Inkblot) Employee and Family Assistance Program to support mental well‑being and extends to all family members in your household.
- Opportunities for professional and personal growth through: Cross‑functional Mentorship Program, Internally curated Leadership Skills training program.
- Equal Opportunity Employer RPIA is an Equal Opportunity Employer. We believe in the power of diversity of thought, and we aspire to have an inclusive workplace that mirrors the fabric of our community.
Portfolio Manager in Toronto employer: RPIA Capital Management
RPIA is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for a Corporate Credit Portfolio Manager to thrive. Located in the vibrant city of Toronto, employees benefit from a dynamic environment that encourages professional growth through continuous learning and development opportunities. With a focus on investment excellence and a commitment to employee well-being, RPIA offers a rewarding career path for those looking to make a meaningful impact in the credit markets.
