City : Toronto, Canada

Category : Investments

Industry : Financial Services

Employer : Ontario Teachers’ Pension Plan - OTPP

The opportunity

We are seeking a Managing Director to lead our Global Trading Team based in Toronto.  Reporting to the Senior Managing Director, this MD will have the overall responsibility for the OTPP public markets trading business and lead a team of 10+traders. The MD will be responsible for delivering a best execution service across Equities, Fixed Income, Credit, FX and Commodities, both in the cash and derivative markets.

Who you’ll work with

In addition to leading your team and collaborating with all asset class portfolio teams, you will also maintain close working relationships with trading, IT, Operations, Legal/Compliance and risk staff to ensure appropriate resolution of all trading issues and be a contributing member of the Investment Division Credit and Counterparty (IDCC) committee.   The MD will also partner with Capital Markets senior leaders around building businesses and allocating resources to best meet the Total Fund strategy and represent OTPP’s Total Fund trading needs to external trading partners or counterparties.  

What you’ll do

• Lead a team of trading professionals including staff development, performance management, coaching and mentoring

• Ensure the Global Trading Team is delivering the best execution services, market insights and trading advice to program managers, including providing hands-on support, guidance and assistance to individual traders, where required

• Develop the trading team culture and building the capability of the team, as well as ensuring that trading good practices and are implemented with trading errors minimized

• Implement and refine the Global Trading long term strategy

• Drive and prepare the Global Trading team for trends in market structure and its impact on current/future investment strategies

• Lead the Relationship Management function with external partners for Capital Markets activities

• Assist in the development of policies/procedures designed to ensure compliance with all industry/regulatory requirements

• Maintain close working relationships with trading, IT, Operations, Legal/Compliance and risk staff to ensure appropriate resolution of all trading issues

• Contributing member of the Investment Division Credit and Counterparty (IDCC) committee

• Represent Total Fund trading needs to external trading partners or counterparties

• Maintenance and development of highly effective compliance protocols

• Ensure that fund exposures at clearing houses and counterparties remain within allowable limits

• Direct impact on total return through reduction of execution costs; Indirect influence through enhanced Alpha derived from market insights.

What you’ll need

• At least 15 years of related experience within the financial industry (including 3+ years supervising a trading desk at a major bank or respected sell-side or buy-side institution)

• Bachelors’ degree in a related field preferred (e.g.: Financial Economics, Engineering, Computer Science or other

• Thought leadership concerning future of trading in Capital Markets

• Strong foundation and strategic view of post and pre trading analytics across all asset classes

• Expert knowledge of trading across all asset classes globally

• Expertise in the development and implementation of Order Management and Execution Management systems (OMS and EMS)

• Expert in electronic trading systems and algorithmic trading strategies

• Fluent in pre- and post-trade trading analytics

• Knowledge and experience of Bloomberg, Trace, and other market pricing and valuation tools

• Cross-asset class, geographies, regulatory complexity, internal collaboration, and technology complexity.

• Ability to handle multiple priorities while remaining detail oriented

• Experience in developing and managing corporate relationships

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What we’re offering

• Pay-for-performance environment that offers competitive salary and incentive

• Numerous opportunities for professional growth and development

• Comprehensive employer paid benefits coverage

• Retirement income through a defined benefit pension plan

• The opportunity to invest back into the fund through our Deferred Incentive Program

• A flexible/hybrid work environment combining in office collaboration and remote working

• Competitive time off

• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year

• Employee discount programs including Edvantage and Perkopolis

• Degreed: a digital platform that helps you quickly and easily discover, share, and track various learning resources — from courses to videos to articles and more

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring.  We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves.  To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.

Accommodations are available upon request (peopleandculture@otpp.com) for candidates with a disability taking part in the recruitment process and once hired.

Candidates must be legally entitled to work in the country where this role is located.

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