Principal, Portfolio Management Trading Desk

Principal, Total Portfolio Management Trading Desk

Location: Toronto (Hybrid)
Type: Full-Time - Permanent

In this role, the Trader/Principal, Fixed Income and FX works with a small, highly skilled investment team to make investment decisions and manage risk in uncertain markets. The Total Portfolio Management Group (TPM) oversees the Plans’ liquid assets using a total portfolio approach to allocate and manage exposures across internal and external strategies. Within TPM, the Funding, Liquidity and Trading desk leads capital markets execution, funding and liquidity management, and oversight of the Plans public markets exposures.

• Develop and implement fixed‑income (primarily Canada & US) and global FX strategies, generating alpha through macro, rates, credit, and currency positioning.
• Actively engage in the management of the Plans liability hedging program and execute trades in derivative and cash products as part of a cross‑asset team.
• Perform investment and trade‑related reporting, including commission, trade cost analysis, and other required reporting.
• Develop and maintain spreadsheets, processes and tools used by the trading desk and implement AI‑enabled tools to support pricing, trading, portfolio management and risk management functions.
• Build and maintain strong relationships with sell‑side trading firms.
• Participate in collaborative decision‑making processes within the Funding, Liquidity and Trading group and at the Total Portfolio level regarding portfolio construction and risk management from a top‑down and bottom‑up perspective.
• Serve as an asset‑class and markets specialist, working closely with risk, finance, legal, middle office, compliance and other groups across the Total Fund.
• Support and contribute to Total Fund projects and initiatives and proactively identify operational risks or control deficiencies in the business.
• Perform other duties as assigned.

• A degree, preferably postgraduate, in business, finance, engineering, physics, mathematics or computing.
• Minimum of 5 years of relevant trading and portfolio management experience.
• Broad knowledge of derivatives and financial products from a trading, pricing and risk‑management perspective.
• Strong programming skills in Python, VBA and SQL.
• Experience using Bloomberg a plus.
• Excellent communication and interpersonal skills, with the ability to effectively communicate complex issues and build key working relationships.
• Ability to prioritize and multi‑task under pressure while maintaining quality of work.
• High attention to detail and process orientation.

Comprehensive benefits focused on health and wellness, including dental, vision, extended health benefits and membership in a defined benefit pension plan. A flexible, hybrid work model. A dedicated inclusion, diversity and equity strategy with meaningful opportunities to participate, including employee‑led resource groups. Extensive career development opportunities and learning initiatives.

OPTrust is an inclusive employer committed to diversity and equal opportunity. Applications from people of all backgrounds, cultures, gender identities and perspectives are encouraged. The organization is engaging with Indigenous communities and partners to support reconciliation efforts.