Investment Portfolio Specialist (Investment Specialist)

Job Title

Investment Portfolio Specialist(Investment Specialist)

Status

Regular Full-Time

Temporary - Approximate length of assignment, in months

NA

Type of Position

a Replacement

Start Date

Immediate

Salary

Annually

Salary Grade

$110,068.00 - $125,003.00

Department

York Region -> Finance -> Treasury Office

Location

Treasury Office - 17250 Yonge Street - Newmarket, ON L3Y 6Z1 CA (Primary)

Job Description (E)

POSITION PURPOSE:
Reporting to the Manager, Investments and Cash Management, is responsible for developing, recommending and implementing active investment and trading strategies that support and integrate with longer term strategies set by the Manager for the Region's General and Sinking Fund portfolios and those managed on behalf of other entities; researching financial and economic trends and monitoring capital markets to support strategy development and implementation; executing all bond transactions over two years maturity; coordinating with other Treasury Office staff on matters related to money market investments, securities settlement and safekeeping, policy and regulatory compliance, and cash flow/liquidity analysis; maintaining and updating the Investment Management System and providing support to 3rd Party licensees; supporting and promoting investment program with objective of enhancing returns which are measured against performance benchmarks.

MAJOR RESPONSIBILITIES

• Develops, presents and defends investment strategies and trading activities for the Region's General and Sinking Fund portfolios and those managed on behalf of other entities (currently Housing York Inc.) within the context of the long-term portfolio strategy set by the Manager.
• Executes transactions with the ONE Fund Investment Program
• Assists Investment Manager with study/review of alternative investment options as permitted under provincial regulations by conducting research, compiling data and communicating with other municipalities to determine benefits, disadvantages and costs of each option.
• Determines security selection, appropriate size (within a mandated limit), timing and pricing of trading positions to add incremental value to the annual return of the respective investment portfolio.
• Develops financial models/scenario analysis with respect to potential portfolio strategies.
• Provides input and recommendations to Cash Management Specialist on short-term borrowing strategies and assists with implementation of program (timing, term, size, etc.).
• Provides recommendations on the timing and use of forward rate agreements, interest rate swaps and other fixed income hedging strategies and executes all transactions relating to these instruments; ensures proper recording and control of any outstanding agreements/contracts and requisite reporting for compliance purposes.
• Maintains market perspective through research, monitoring capital markets, communication and meeting with market participants and information providers (e.g. Bloomberg, financial publications, investment dealers and traders, other investment managers and municipal peers, etc.).
• Interprets complex financial and economic data and statistics to assist in formulating investment and trading strategies.
• Prepares analytical reports/studies; analyses data and makes recommendations based on the results of research and studies.
• Communicates and coordinates with both internal Departments and external institutions, municipalities, lawyers, investment dealers, fixed income traders, economists and investment managers in the execution of investment and negotiating functions.
• Represents the Finance Department at meetings with peer municipalities and the investment community on matters dealing with portfolio management and cash management.
• Performs other duties, as assigned, in accordance with Branch and Department objectives

QUALIFICATIONS

• A Chartered Financial Analyst with a Master's Degree in Business Administration, Mathematics or Economics or approved equivalent combination of education and experience.
• Minimum five (5) years investment management experience at a financial institution or a large multi-divisional organization including experience in financial/economic analysis and forecasting.
• Demonstrated experience in writing analytical reports/studies including the ability to identify problems, analyze and interpret data, and make and defend recommendations from the results of studies.
• Demonstrated experience in the analysis, design and creation of computerized financial models.
• Thorough understanding of accounting principles as they apply to investment management.
• Knowledge of provincial and municipal statutes and regulations pertaining to investments issues including the ability to interpret and explain complex legislation.
• Sound knowledge of financial and economic principles and practices and the workings of capital markets, both domestically and internationally.
• Knowledge and demonstrated ability in corporate core competencies including communication, innovation, teamwork and collaboration, and personal ownership.

Council Approval Date

Scheduled Weekly Hours

35

Scheduled Shifts

8:30 - 16:30

Operational Hours

Close Date

April 9, 2025

# of Hires Needed

1

Union

Non Union Staff

Please apply online by 5:00PM EST of the closing date indicated above. We thank all candidates for their interest; however, only those selected for an interview will be contacted via email.

York Region is an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process. We respect, encourage and celebrate our diversity, aiming to build a qualified workforce that reflects the population we serve. Should you require an accommodation under the Human Rights Code during the recruitment and selection process, including accessible formats and communication supports, please email careers@york.ca or call 1-877-464-9675 extension 75506. Accommodations for applicants with disabilities are available upon request during recruitment processes and throughout employment.

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