Managing Director, Portfolio Construction, Public Equities

## Managing Director, Portfolio Construction, Public Equities Apply remote type:
Hybrid locations:
Calgary time type:
Full time posted on:
Posted Yesterday time left to apply:
End Date:
June 9, 2026 (6 days left to apply) job requisition :
JR100854

CLOSING DATE:

June 9, 2026#
** Opportunity
* * The Managing Director, Portfolio Construction will lead the development and execution of AIMCo’s portfolio construction capabilities within the Public Equities asset class. This role is responsible for building and managing a high‐performing team that integrates top‐down portfolio design with bottom‐up investment insights, ensuring portfolios are aligned with client objectives, risk tolerances, and long-term return targets.
This is a senior leadership position requiring deep institutional investing expertise, strong people leadership, and the ability to influence investment decisions across portfolio management, research, risk, and client teams. You will work closely with Active Equities Portfolio Managers, Quantitative Researchers, and Investment Risk Managers to ensure that the Public Equities asset class maximizes its risk-adjusted alpha.
Job Posting will expire at 11:59pm MT on June 8, 2026   #
*
* Responsibilities Include:

**##
** Team Leadership & Organizational Development
*** Working with Global Head of Public Equities to balance risk allocation, return optimization, and alignment with client investment mandates
* Build, lead, and mentor a dedicated Portfolio Construction team, fostering a culture of accountability, collaboration, and continuous improvement.
* Set clear objectives, priorities, and development plans for team members aligned with AIMCo’s investment philosophy.
* Attract, retain, and develop top talent across quantitative, analytical, and portfolio strategy disciplines.
* Establish best-in-class processes, governance, and decision-making frameworks within the team.##
** Portfolio Construction & Strategy
*** Lead the design and implementation of portfolio construction frameworks across Public Equities, including factor exposures, risk budgeting, and capital allocation.
* Translate macroeconomic views, client needs, and investment insights into actionable portfolio positioning.
* Enable consistent application of portfolio construction principles across equity and absolute return strategies (e.g., fundamental, absolute return, regional, sector-focused).
* Conduct portfolio optimization analyses including attribution, position sizing, and hedge efficiency.
* Drive innovation in portfolio construction methodologies, including the use of advanced analytics, optimization techniques, and scenario analysis.
* Perform risk parity modelling and related risk diagnostics.##
** Investment Integration
*** Partner closely with portfolio managers, research teams, risk, and sustainable investing teams to incorporate security-level insights into portfolio-level decisions.
* Act as a key bridge between alpha generation and portfolio implementation.
* Facilitate constructive challenge and robust debate to improve client investment outcomes.##
** Risk Management & Oversight
*** Working with the Investment Risk team to oversee portfolio risk exposures, ensuring alignment with risk budgets, client mandates, and AIMCo’s risk framework and culture.
* Develop and monitor key risk metrics (e.g., active risk, portfolio factor exposures, liquidity risk, drawdown scenarios).
* Collaborate with Risk and Analytics teams to enhance risk tools and reporting.##
** Governance & Decision Frameworks
*** Establish clear governance processes for portfolio construction decisions, including escalation protocols and documentation standards.
* Participate in investment committees, providing leadership on portfolio structure, capital allocation, and risk positioning.
* Ensure transparency, consistency, and accountability in all decision-making.##
** Client Alignment & Stakeholder Engagement
*** Ensure portfolio construction reflects the return requirements, liquidity needs, and long-term objectives of AIMCo’s clients.
* Communicate portfolio strategy, positioning, and performance attribution to internal stakeholders and external clients.#
** Our Ideal Candidate

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