Director - Portfolio Management - Sun Life Financial - Waterloo

Job description
Role Summary:
This position is responsible for the management of a portion of the Canadian Business Group’s $65+ billion of general fund assets to align with liability driven investment strategies. The Director will be responsible for the development, implementation, and monitoring of investment strategies and processes to ensure that asset performance and positions are appropriate for designated liability and surplus segments, as well as consistent with the investment policies of Sun Life. The Director will have an understanding of risk limits, liquidity requirements and portfolio policies to monitor and identify trade opportunities across all existing and new asset classes that comprise the investment portfolios, including public bonds, private placements, commercial mortgages, real estate, equity and derivatives.

Main Accountabilities:
Manage investment portfolios backing life insurance products, annuity products, surplus and other portfolios as assigned
Working with the asset classes, all investment portfolio parameters for each individual asset class and in total will be managed, monitored and controlled, to strive for superior risk-adjusted performance and profitability

Oversee compliance monitoring for various Portfolio Policies and Parameters limits and take appropriate corrective action if required
Investment parameters requiring tactical management and control include asset mix, credit risk, interest rate risk, currency risk, liquidity/collateral risk and embedded optionality (if applicable)
Identify and recommend new investment strategies and the introduction of new asset classes, within an integrated portfolio context and a risk-return framework, to improve overall investment performance. This is an ongoing responsibility that has a broader scope across the entire investment portfolio across all liability and surplus segments
Assist in the development of various PM-related initiatives to support specific investment and business needs

Competencies:
Deep knowledge is required of portfolio management theory and practices, including portfolio construction, asset pricing, derivatives, risk management and economics
Knowledge of all asset classes across the investment spectrum
Experience with advanced interest/currency hedging techniques and applications
An understanding of insurance and annuity products and the characteristics of these liabilities
Excellent oral and written communication skills
The willingness and ability to champion for new ideas and innovation
The ability to flex in a team environment both as a contributor and a leader, and have the confidence to work independently with little direct supervision
Excellent analytical and problem solving skills
Ability to build strong working relationships across various functional areas (Investments, ALM, Treasury, Risk, Finance) and business units
Education and Experience:
Minimum 7 years of experience in the investment industry
CFA designation with MBA/MFE (or equivalent) is preferred

Location:
This role can be based in either Toronto or Waterloo
Occasional travel may be required between Toronto and Waterloo

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