Director, Portfolio Construction

At IMCO, our talent is among the best!  IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career. 

We offer a culture of collaboration and passion, creating unwavering value for the clients we serve.  Our vision is to be the partner of choice for Ontario’s public sector funds and build a high-performing, value-based Asset Management firm in the heart of downtown Toronto.  

If you are ready to drive best-in-class service, and join a collaborative, motivated, and fun team of professionals, we’re ready to offer you a great place to work with exciting opportunities for growth and development.

If you want to use your expertise to drive strategic business outcomes, then we want you at IMCO!

Director, Portfolio Construction

IMCO is looking for a highly motivated Director, Portfolio Construction to join our team!

Director, Portfolio Construction is responsible for developing and communicating strategic asset allocation advice to a range of IMCO’s clients and will directly impact IMCO’s portfolio advice to clients, and through this client asset allocation decisions, through asset-liability modeling and other analysis. Reporting to the Vice President, Portfolio Construction, the Director is a forward-thinking leader with a deep understanding of both assets and liabilities as well as experience with conducting asset liability studies and providing strategic asset allocation advice to a wide range of audiences. The Director will also provide leadership and help to continue build out of a high performing client focused portfolio construction team.

As a Member of Our Team, You Will be Responsible For:

  • Providing oversight, management, and direction to the portfolio construction team's work related to strategic asset allocation, asset and asset-liability modelling, economic and financial market analysis.

  • Providing oversight, management, and direction for research into long-term investment issues relevant to client strategic asset allocation decisions, including improving understanding of interactions between client assets and liabilities in various economic scenarios.

  • Oversight of the development of IMCO’s long-term capital market assumptions, including identifying potential areas for improvement and oversight of resulting updates and refinements to the methodology used to forecast expected long-term expected returns and risks.

  • Communicating results of the analysis, including IMCO’s strategic asset allocation recommendations to clients, including producing clear and concise reports, recommendations, presentations, and other materials that support the analysis and asset allocation decisions for clients, prospective clients, and a variety of internal and external audiences.

  • Proactively identifying opportunities to make improvements to clients’ strategic asset allocations and IMCO’s tools and processes, consistent with the team and IMCO’s corporate goals and the client investment objective and risk tolerances.

  • Leading and mentoring a high performing team.

  • Development, maintenance, operation, and oversight of the technical tools used for asset liability modelling and portfolio construction.

  • Gathering, examining and analysing complex data.

  • Development and documentation of standards and processes relevant to the design, testing, validation, calibration and usage of all models within the portfolio construction team.

  • Establishing, maintaining and enhancing working relationships with key internal stakeholders (e.g. Client Service Team, Front Office, Risk, etc.) and external stakeholders (i.e. IMCO clients and prospects).

  • Performing other duties as assigned.

What do you need to succeed?

  • CFA or MBA coupled with a minimum of 10 years of investment management experience.

  • Experience within the pension investment industry would be considered an asset.

  • At least five years of direct experience in portfolio construction, asset allocation, and asset liability modelling is a requirement for the position, along with ability and experience with communicating communicate complex subject matter in a fashion that is concise and tailored to diverse audiences.

  • Deep understanding of pension plans as well as funding and regulatory environment in which they operate.

  • Passion for learning, understanding challenges facing investors (and in particular our clients), and finding solutions to those challenges.

  • Role model work ethic, using the highest level of integrity under all conditions.

  • Ability to work independently in a complex and dynamic environment.

What IMCO Can Offer You:

We thrive on the challenge to be our best, to deliver an unparalleled employee experience and to work as one team to continuously improve the management of broader public-sector investment funds. In addition to offering a competitive salary and comprehensive benefit package, we pride ourselves on helping you reach your potential, making a difference in our communities, and achieving success that is mutual.

We thank all applicants, however, only those selected for an interview will be contacted.

We thank all applicants, however, only those selected for an interview will be contacted.

Our employees are currently working remotely in response to COVID-19 public health guidelines. However, once the Ontario provincial restrictions have been lifted and IMCO has deemed it safe to return employees to the workplace, it shall be a condition of your employment that you perform your duties and responsibilities at the Corporation’s offices at 16 York Street, Suite 2400, Toronto, ON M5J 0E6.

IMCO is committed to providing accommodation for people with disabilities in its recruitment process. Please advise IMCO if you require an accommodation and we will work with you to meet your needs. Candidates being considered for this position will be required to submit to a background screening.

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