Posted 19 days ago
Portfolio Manager, Fixed Income & Relative Value
@ Alberta Investment Management Corporation (AIMCo)
Toronto, Ontario
Overview
Alberta Investment Management Corporation (AIMCo) is hiring a Portfolio Manager for its Fixed Income & Relative Value team, based in Toronto or Calgary. The role runs active rates relative value positions across cash bonds, futures, swaps and options within a VaR risk framework, and builds quantitative models and processes. The posting states full-time employment and a need for an experienced rates investor with demonstrated risk ownership.
Responsibilities:
- Originate and execute relative value opportunities across rates instruments
- Manage a levered rates relative value portfolio within a VaR framework
- Monitor daily trading, risk and return drivers
- Develop and calibrate proprietary quantitative models and processes
Requirements summary:
- Experienced rates investor with demonstrated risk ownership
- Strong grasp of leverage, funding dynamics and portfolio construction
- Strong quantitative foundation
- Disciplined risk mindset and collaborative approach
Tools & skills
Source and dates
Source type not verified · apify-linkedin
- Employer posting date
- 2026-10-26
- First seen by our source
- 2026-11-14
- Source record updated
- 2026-11-14
These dates describe the source record, not a live verification that the employer is still hiring. Check the original posting.
Job details
| Seniority | Senior |
| Department | Finance & accounting |
| Hours per week | 40 (estimated) |
| Work setting | Office |
| Position | Mostly sitting |
| Physical demands | physical low · computer high |
Summary and details written by AI from the posting; the employer’s posting is the authority.
Alberta Investment Management Corporation (AIMCo)
| Field | Value |
|---|---|
| Open jobs on Jobsy | 1 |
AIMCo (Alberta Investment Management Corporation) is one of Canada’s largest and most diversified institutional investment managers with more than $179.6 billion of assets under management. Their priority is their clients, and they invest globally on behalf of 25 pension, endowment, insurance, government, and specialty funds in Alberta across 30 pools of capital. AIMCo is at an exciting point in its history – going through significant change and transformation as it continues to build its leadership team, transform its investment strategy and approach and broaden into new investment areas in public and private assets. The company has become a truly global corporation with offices now in Edmonton, Calgary, Toronto, London, and Luxembourg, and its culture based on principles of collaboration, innovation and diversity have won numerous awards as a ‘Top Employer’.
The Fixed Income Team at AIMCo plays an important role by providing their clients with capital preservation, liquidity and superior, risk-controlled returns relative to benchmark. The department is made up of five teams: Money Markets, Bonds, Private Placements, Credit Research and Relative Value, and manages more than $35 billion in investments. The Relative Value team manages a levered global fixed income relative value portfolio and provides ‘alpha’ to the Fixed Income portfolio. The team primarily deploys quantitative bottom-up approaches to identify investment opportunities and utilizes a top-down approach in looking for potential investment themes. The team manages and monitors the portfolio positions using a customized analytical platform with detailed daily return and risk measures.
Due to the success and growth of the strategy, the team is now looking for a Portfolio Manager, Fixed Income & Relative Value. Reporting to the Director, Fixed Income & Analytics, the successful candidate will join a team of three responsible for active portfolio management, daily trading, and ongoing assessment of risk and return drivers across a levered rates relative value book. Operating within a disciplined VaR framework, the role will focus on originating and executing relative value opportunities across cash bonds, futures, swaps, and rates options, while contributing to portfolio construction and risk oversight. The individual will also help develop and calibrate proprietary models and repeatable processes that support idea generation, monitoring, and systematization in partnership with the team’s analytics resources.
The ideal candidate is an experienced rates investor with demonstrated risk ownership in relative value strategies and a strong grasp of leverage, funding dynamics, and portfolio construction. This background may come from an institutional internal alpha team, hedge fund, alternative asset manager, or a bank rates desk with portfolio-level accountability. Success in the role will require a strong quantitative foundation, a disciplined risk mindset, and a collaborative approach, with the ability to independently originate ideas and take risk to expand strategy breadth and reduce key-person dependency over time.
Based in Toronto, Ontario, or Calgary, Alberta, this is a tremendous opportunity to join a high performing team with one of largest institutional investors in Canada.
To explore this opportunity further, please click Apply.
We thank all applicants for their interest in this position. Please note that we will only be in contact with those individuals moving forward with our client.
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