Job

Convertible Bond Arbitrage Portfolio Manager (or Associate PM or Analyst)

Posted 08 March 2024

Convertible Bond Arbitrage Portfolio Manager (or Associate PM or Analyst) at Picton Mahoney Asset Management

Portfolio Management Full-time Vancouver (Open to candidates from across Canada given the uniqueness of the role)

Experience: Mid-Level
Salary Range: Not Specified

Close date: 07 May 2024

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Great Place to Work™ 2020, 2021, 2022, 2023 | Best Workplaces™ in Financial Services & Insurance 2020, 2021, 2022, 2023 | Best Workplaces™ for Mental Wellness 2023 | Best Workplaces™ for Giving Back 2022 | Best Workplaces™ for Women 2021 | Best Workplaces for Inclusion 2021 | Best Workplaces™ in Ontario 2020 and 2021

Our Company

Picton Mahoney Asset Management (“PMAM”) was founded in 2004 to provide unique investment solutions to institutional, retail and high net worth investors in Canada and around the world. We are proud to say that we are 100% employee-owned and manage approximately $9.6 billion in sub-advisory, pension plan and hedge fund assets on behalf of our clients. The core values at Picton Mahoney guide the employee experience and contribute to the culture which fosters strong, transparent relationships.

Why Work at Picton Mahoney?

Picton Mahoney Asset Management is a place where employees can be proud of building a rewarding career that offers growth and the opportunity to evolve within a supportive culture that focuses on professional development. Over the years, we have learned from feedback and have developed strategies and programs that enhance employee engagement and improve the employee experience. As our values state: We work together; fully engaged and aligned. We support each other, and our actions contribute to the strategic goals of our firm. We are highly focused on continuous improvement while driving positive change and stronger results across our team and the firm. We believe in integrity and always “doing the right thing” for our clients, colleagues and the firm. We are committed to performance, excellence and winning. At Picton Mahoney, “stepping up” is an action, not a thought, which results in the development and implementation of those ideas. We accept full responsibility for personal performance and results. We believe in being open when providing and receiving feedback, because it makes us better at what we do best.

Our Commitment to Employees

At Picton Mahoney Asset Management, we take pride in elevating our employees' experiences through an array of exceptional perks and programs. Enjoy a suite of benefits including Corporate Wellness & Fitness Reimbursement, Women in Capital Markets partnership, Women Executive Membership, Volunteer Days, Charitable Matching, Maternity and Parental Leave Top-Up, Peer Performance Recognition Awards, Semi-Annual Performance Bonuses, a generous

Annual Vacation Entitlement (minimum of 15 days/year), Tuition Reimbursement, Extensive Medical & Dental Benefits, Healthcare Spending Account, and more. These offerings are crafted to enhance your career journey and overall well-being. Join us in an environment that values your growth and success!

Picton Mahoney Asset Management is proud to be recognized by Great Place to Work® as a 2021 “Best Workplaces for Inclusion” and 2021 “Best Workplaces for Women”. We are committed to providing an equitable and fair work environment for everyone and all hiring and other personnel actions will be taken without regard to race, colour, creed, religion, sex, disability, gender identity, gender expression, family status, age, language or national origin. If you require an accommodation at any point in time throughout the application and hiring process, please contact Human Resources at (416) 955-4108 or at [email protected].

Position Description

The Opportunity

This presents an opportunity for an ambitious and talented expert in Convertible Arbitrage portfolios to join our team in a newly established role as we broaden our investment horizons. As the successful candidate, you will serve as the firm’s primary authority on Convertible Arbitrage strategies, bringing with you a wealth of experience in analyzing or managing such portfolios. You will collaborate closely with our Arbitrage team on investment decisions aimed at generating attractive risk-adjusted returns across all market environments. Recognizing the distinctiveness of this position, we warmly welcome candidates with Convertible Arbitrage experience, whether as an Analyst, Associate Portfolio Manager, or Portfolio Manager, to apply for this one of kind opportunity within our firm. Ideally, you are situated in the Vancouver area; however, we highly encourage candidates from across Canada to apply, given the extraordinary nature of this opportunity.

Responsibilities of the Role

Portfolio Management

  • Explore arbitrage opportunities within the universe of North America convertible bonds.
  • Drive portfolio performance by taking ownership of due diligence and security selection, with consideration of fundamental, quantitative, and macroeconomics market information.
  • Ensure robust risk assessment, modeling, and management for the portfolio.
  • Uncover fresh investment opportunities within the convertible arbitrage strategy.
  • Lead the execution of investments and actively monitor the portfolio's performance.
  • Collaborate with and support fellow arbitrage Portfolio Managers across various strategies to enhance outcomes.

Leadership

  • Act as a key leader in propelling the firm towards its goals and objectives.
  • Provide clear strategic direction to the Arbitrage team on research and idea generation requirements.
  • Deliver precise feedback to the Arbitrage team on portfolio positions, decisions, priorities, and momentum cycles, driving dynamic progress.
  • Foster growth and empowerment within the broader Investment Team through engaging mentorship, coaching, and a dedicated focus on development.

Sales & Marketing

  • Attend client and prospect meetings as necessary to deliver insights on market trends, fund positioning, economic forecasts, and general market perspectives.
  • Offer investment commentary and contribute content for monthly and quarterly reports.

Required Skill / Experience

  • Comprehensive background and understanding of Convertible Bond Arbitrage strategies, paired with the ability to expertly model these strategies.
  • Demonstrated a track record of successful investments and managerial experience is paramount.
  • Academic background possessing at least a University degree with a quantitative focus, whether in Finance, Engineering, Mathematics, Economics, or related fields.
  • While not mandatory, holding a CFA Charter would significantly enhance the candidates’ qualifications.
  • Capacity to think independently and take initiative with an entrepreneurial spirit and keen business acumen.
  • Proficiency in quantitative and/or fundamental modeling, as well as familiarity with investment systems like Bloomberg, Reuters, or Kynex, is essential for success in this role.
  • Possessing excellent communication and presentation skills is imperative.
  • Collaboration lies at the core of our firm’s values, and working collaboratively with internal and external stakeholders across all levels is crucial.
  • Ideally, you are located in the Vancouver area; however, we strongly encourage candidates from all across Canada to apply, recognizing the exceptional nature of this opportunity.

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