Managing Director, Interest Rates

Job summary

The Managing Director is responsible for developing and implementing interest rate investment strategies to deliver strong risk-adjusted returns within the Total Portfolio Approach. This role involves leading trading execution, optimizing capital allocation, and mentoring investment professionals to drive portfolio efficiency.

Job details

Why you’ll love working here: high-performance, people-focused culture our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves 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: Leading 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, with an emphasis on disciplined trade implementation within the context of the Fund portfolios. 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 in accordance with the Firm’s opportunity set, VaR and capital usage, and liquidity guidelines. 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 one of the following: 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, including both cash and derivatives products, with experience in benchmark aware and proprietary macro investing across nominal and inflation-linked developed markets. A demonstrated record of success managing large institutional portfolios delivering strong risk-adjusted performance through different market cycles; implying strong skills in portfolio construction, capital allocation, direct trade execution and risk management, contributions to the strategic direction of the investment business. Proven leadership capability with experience leading an investment team and business: setting clear direction, developing talent at all levels, providing constructive feedback while fostering an accountable and high-performing team culture. 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. These tools support our recruitment process but do not replace human judgment and decision-making.

What you’ll do

The Managing Director is responsible for developing and implementing interest rate investment strategies to deliver strong risk-adjusted returns within the Total Portfolio Approach. This role involves leading trading execution, optimizing capital allocation, and mentoring investment professionals to drive portfolio efficiency.

Requirements

Candidates must possess an undergraduate degree in a relevant discipline and at least 15 years of direct investment management experience in Canadian and U.S. rates markets. A CFA designation or advanced degree is preferred, along with a proven track record of managing large institutional portfolios.

Benefits

• Defined benefit pension plan • Extended health benefits • Dental benefits • Gender affirmation coverage • Fertility treatment coverage • Drug treatment coverage • Psychological support benefits • Parental leave top-up • Health spending account • Post-retirement health and dental benefits • Yoga classes • Meditation workshops • Nutritional consultations • Wellness seminars

Listed skills

• Asset Management · Preferred
• Leadership · Preferred
• Risk Management · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Interest rate strategy
• Fixed income markets
• Portfolio construction
• Capital allocation
• Risk management
• Trade execution
• Macroeconomic analysis
• Quantitative research
• Derivatives
• Investment strategy
• Leadership
• Stakeholder communication
• Financial modeling
• Asset management
• Team mentorship
• Market Structure
• Liquidity Management
• Portfolio Construction
• Business Success
• Pipelines
• Financial Stress Testing
• Constructive Feedback
• Interest Rates
• Talent Development
• Compassion
• Planning
• Research
• Artificial Intelligence
• Automation
• Balance Sheet
• Mental Health
• Management
• Capital Allocation
• Investments
• Capital Markets
• Chartered Financial Analyst
• Decision Making
• Communication
• Derivatives Markets
• Direct Investments
• Economics
• Finance
• Equities
• Fixed Income
• Governance
• Psychology
• Investment Decisions
• Investment Strategy
• Market Liquidity
• Liquidity Risk

Job areas

• Finance & Accounting
• Management & Leadership
• Data & Analytics
• Managing Director
• Investment Banking Partner
• Finance Managers
• Financial Managers