Director, FICC, Global Trading – Total Fund Management.
LEADERSHIP
The opportunity Ontario Teachers’ Pension Plan (OTPP) is seeking a leader with a proven track record in trading rates products and to join our Global Trading team. The ideal candidate will bring strong team leadership and deep expertise in both derivatives and cash markets, offering strategic insights and guidance to portfolio management teams. This role will play a critical part in shaping the team’s strategy and driving the growth of our global trading business. Who you'll work with The Global Trading team within the Total Fund Management department (consists of three trading pods: FICC, Credit, and Equities). The individual will be managing & leading the FICC trading team, reporting directly to the Managing Director of Global Trading. As manager of the FICC trading team, you will provide leadership and drive strategic decision making in collaboration with the other Global Trading Directors. The Director will also contribute to the Fixed Income Working Group that makes recommendations to CIO around Fixed Income exposures. The FICC trading team works closely with portfolio managers and partners with teams across both Capital Markets & Total Fund Management departments. What you'll do The FICC trading team covers execution and advisory in rates, repo, FX, and commodities globally for OTPP. Your primary responsibility is to serve as both head of the FICC Trading team, with accountability across all four asset classes, and its lead trader, with hands-on execution responsibility and deep subject matter expertise rates. You will monitor market trends, provide strategic insight to the portfolio managers, and enhance trading practices. This includes leveraging advancements in market structure, data analytics, and emerging technologies to deliver best-in-class execution. Trading and Advisory Lead and oversee all aspects of FICC trading across rates, repo, commodities and FX, and support broader Global Trading initiatives. Serve as the desk’s active lead trader, executing directly across all developed markets, with a primary focus on G10. Train and mentor junior talent, helping develop market expertise. Maintain strong and professional broker/dealer relationships to ensure efficient coverage in all relevant markets. Be a market expert in a broad array of products, such as government bonds, spread products (provincial bonds, pension paper, SSAs, etc.), inflation products (cash and derivatives), rates derivatives products (swaps, basis, swaptions, etc.), and US agency mortgage-backed securities. Assist in the issuance and hedging of OTPP’s global debt programs Transact orders and provide guidance to the rest of the team based on market analysis and knowledge of market conditions. Collaborate with the portfolio managers throughout the investment process, providing an advisory role on trade ideas and alternative deal structures to achieve best liquidity and execution. Search for sources of liquidity and manage access to markets to minimize execution costs. Support improvements in trading processes and new strategies, helping deliver key objectives of the broader trading team. Data Analytics and Technology Collaborate with the portfolio analytics team to contribute and enhance pre- and post-trades analytics. Perform technology intelligence in exploring, testing and recommending any venues and vendors that might improve trading capabilities. Contribute to the integration of AI-driven tools to enhance execution and operational efficiency across the trade lifecycle. Internal stakeholders Assist in the development of policies/procedures designed to ensure compliance with all industry/regulatory requirements. Partner and communicate with the broader team and departments to ensure appropriate parties are kept informed and engaged on transactions or initiatives. Build close working relationships with IT, Operations, Legal, Compliance, and Risk partners to ensure appropriate resolution of all issues related to the business. What you'll need 10+ years of experience with focus on rates trading, including cash and derivatives products (both linear and vol). Experience across broader FICC markets, including FX, repo, and/or commodities would be an asset. Experience mentoring, managing, and developing junior talent Bachelor’s degree required, in a related field preferred (e.g.: Financial, Economics, Mathematical or other); Master’s degree would be an asset. Understanding of Global Macro, Relative Value and systemic/model-driven strategies. Proficiency in trading tools (Bloomberg, MarketAxess, Tradeweb, etc.). Ability to work under pressure and to handle multiple priorities while remaining detail oriented. Good experience in data analytics to participate in pre- and post-trades analysis projects and improve cost analysis. Demonstrate active listening, a proactive attitude and the ability to foster a collaborative team environment. Strong ethics, regard for compliance and regulatory requirements. #LI-JF1 What we’re offering Numerous opportunities for professional growth and development Comprehensive employer paid benefits coverage Retirement income through a defined benefit pension plan The opportunity to invest back into the fund through our Deferred Incentive Program A flexible work environment combining in office collaboration and remote working Competitive time off Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year Employee discount programs including Edvantage and Perkopolis At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'. How to apply Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application. Accommodations are available upon request ([email protected]) for candidates with a disability taking part in the recruitment process and once hired. Candidates must be legally entitled to work in the country where this role is located. Ontario Teachers’ may use AI-based tools to assist in screening and assessing applicants for this position. These tools may help us identify candidates whose skills and experience align with Ontario Teachers’ objectives by analyzing information provided in resumes and applications. Our use of AI does not replace human decision-making. To learn more about how Teachers’ uses AI with your personal information, please visit our Privacy Centre. Functional Areas: Investments Vacancy: Current Requisition ID: 7308 #LI-JF1 At Ontario Teachers, we know that our Talent are our greatest strength – every innovation, every idea and every win has been powered by our people. We offer a work experience that inspires, encourages talent development, celebrates diversity and rewards superior performance. The best and brightest not only come here – they stay. Help us continue to deliver outstanding service and retirement security to our members and be the world’s leading pension plan. Apply today! Your Talent. Your Experience. Our Future. www.otpp.com/careers Recruitment Fraud Warning: Be Careful of Fraud: Please be aware of the misuse of the Ontario Teachers' Pension Plan [OTPP] name and brand by individuals and groups impersonating executive search representatives. This includes the advertising of fake OTPP job postings, "phishing" scams that seek personal, confidential, or financial information from potential job candidates, and false representations of being retained on Ontario Teachers' behalf. Ontario Teachers' will never ask candidates for payment, banking information, or financial details as part of the recruitment process. All legitimate opportunities are posted on our Careers site, and recruitment-related communications will come from Ontario Teachers' representatives or authorized recruitment partners engaged on our behalf. If you are unsure whether a communication is legitimate, please verify it through our Careers site or by contacting [email protected].