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Assistant Portfolio Manager, Corporate Credit - 25853

Location: MONTREAL, QC, Canada
Posting Start Date: Apr 15, 2021
Posting End Date: May 10, 2021

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Job Description

Description

Being part of Air Canada is to become part of an iconic Canadian symbol, recently ranked the best Airline in North America. Let your career take flight by joining our diverse and vibrant team at the leading edge of passenger aviation.
 
TCC is a newly created subsidiary of Air Canada. Formerly operating as a division of Air Canada, the team is now composed of over 75 investment professionals based in Montréal, Canada. TCC’s team of investment professionals has extensive expertise in managing and trading fixed income securities and derivatives, with an emphasis on portfolio construction and risk management in a liability-driven context. TCC offers world-class investment strategies and innovative risk management solutions to meet the needs of the most demanding institutional investors. Our successful track record over the past 10 years has placed Air Canada’s Canadian pensions plans in an enviable financial position. The top quartile returns delivered by TCC’s investment team have been a major factor in the financial turnaround of Air Canada’s Canadian pension plans, in which a $4.2 billion solvency deficit was eliminated and replaced by a surplus of over $2.6 billion as of today. Building on this valuable experience, TCC is now proud to offer its unique expertise to third-party institutional investors, including pension plans, foundations and endowment funds.
 
The Assistant Portfolio Manager, Corporate Credit will report to the Senior Portfolio Manager, Corporate Credit and will contribute to the implementation of the investment strategy by analyzing and monitoring internally managed portfolios and strategies as well as formulating investment recommendations for corporate credit investments.
 
  • Follow global credit markets, focusing on North American investment grade and high yield corporate credit, including cash bonds and derivatives
  • Formulate and present investment recommendations
  • Collaborate on portfolio monitoring, construction and reporting
  • Follow trades and develop tools to aid in credit management
  • Conduct fundamental analysis within the credit risk framework to support strategic and trade decisions
  • Execute trades on credit instruments within fixed income and credit derivatives
  • Build and maintain strong internal and external relationships to identify investment opportunities, develop market insights and continue to innovate our investment approach
  • Track the performance, risks and exposures of portfolios and individual strategies across corporate credit investments

Qualifications

Academic and Work Experience
  • University diploma in finance, mathematics, accounting or economics 
  • CFA or other professional designation is highly desirable
  • Master’s degree is an asset
  • Extensive credit research experience is required, possessing practical experience with credit market strategies involving cash instruments, credit derivatives, TRS structures and/or structured credit 
  • Capital markets experience is required. Trading experience is an asset
  • Sustainable investing experience is an asset
  • A minimum of 7 years of relevant experience

Knowledge and Skills
  • Excellent knowledge of all Microsoft Office products and Bloomberg 
  • Ability to communicate fluently in French and English (both written and spoken)
  • At ease with sophisticated front-office tools and familiarity with North American fixed income markets and diverse credit instruments
  • Strong computing skills in Excel and Python are an asset
Competencies
  • Disciplined
  • Strong analytical mind and attention to detail
  • Autonomous and ability to be a team player
  • Ability to thrive in a high-performance culture and fast paced environment
  • Entrepreneurial mindset and a proactive attitude
  • Ability to organize, prioritize and handle a diversified workload
 
The position is based in downtown Montreal.
 
 
Linguistic Requirements

Bilingual (English and French)
 
Diversity and Inclusion
 
Air Canada is strongly committed to Diversity and Inclusion and aims to create a healthy, accessible and rewarding work environment which highlights employees’ unique contributions to our company’s success.
 
As an equal opportunity employer, we welcome applications from all to help us build a diverse workforce which reflects the diversity of our customers, and communities, in which we live and serve.

Air Canada thanks all candidates for their interest; however only those selected to continue in the process will be contacted.
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