Managing North American investment-grade corporate credit portfolios for both CAD and USD mandates is the core of this permanent, full-time Portfolio Manager role. It suits an experienced buy-side portfolio manager, senior credit investor, or institutional fixed-income professional with a strong track record in investment idea generation, portfolio construction, and performance contribution within corporate credit markets.
Responsibilities
Contribute meaningfully to portfolio construction, risk budgeting, and investment decision-making across CAD and USD investment-grade corporate credit portfolios
Develop and implement high-conviction investment ideas based on fundamental, technical, and relative value analysis
Assess portfolio exposures across sectors, issuers, ratings, duration, spread duration, liquidity, and concentration limits
Identify opportunities to enhance risk-adjusted returns through security selection, sector allocation, and relative value positioning
Participate in investment committee discussions and portfolio reviews, providing independent recommendations and market insights
Develop independent views on issuers, sectors, and broader credit markets
Analyze company fundamentals, capital structures, leverage trends, earnings performance, and credit trajectories
Evaluate opportunities across primary and secondary markets, identifying mispriced securities and attractive risk-adjusted return opportunities
Incorporate macroeconomic developments, monetary policy, interest-rate dynamics, and credit cycle considerations into portfolio positioning
Partner closely with research colleagues to challenge assumptions, refine investment theses, and identify emerging risks and opportunities
Maintain active relationships with dealer trading desks, syndicate teams, issuers, and institutional market participants
Evaluate and execute primary market opportunities, including new issue pricing, allocations, and relative value assessment
Monitor market technicals, fund flows, supply-demand dynamics, and liquidity conditions across corporate credit markets
Source liquidity and execute transactions efficiently across investment-grade bond markets
Requirements
7+ years of experience investing in, managing, or trading North American fixed-income portfolios with significant exposure to CAD and USD investment-grade corporate credit
Demonstrated experience evaluating and investing across primary and secondary corporate bond markets, including security selection, relative value analysis, and portfolio positioning
Strong understanding of credit markets, macroeconomics, monetary policy, interest-rate dynamics, and fixed-income relative value strategies
Experience contributing to portfolio construction, risk budgeting, and investment decision-making within institutional fixed-income portfolios
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Tailored applications submitted
Proven ability to develop, defend, and implement independent investment views and generate investment ideas that contribute to portfolio performance
Experience investing through multiple credit and interest-rate cycles
Graduation from a post-secondary institution in Finance, Economics, Business, Engineering, Mathematics, or a related discipline
CFA designation, CIM, or other qualifications required for registration with applicable Canadian securities regulators
Experience in credit research, institutional fixed-income portfolio management, fixed-income trading, investment banking, or related capital markets roles
Strong quantitative, analytical, communication, and relationship-management skills
Nice to have:
Established relationships with dealer trading desks, syndicate teams, issuers, and other market participants
Benefits
Exceptional single and family benefits package that includes health, dental, and vision insurance plus additional Health Care Spending and Wellness credits
inConfidence (provided by Medavie Blue Cross via Inkblot) Employee and Family Assistance Program to support mental well-being and extends to all family members in your household
Opportunities for professional and personal growth through:
Cross-functional Mentorship Program
Internally curated Leadership Skills training program
Important Details
Position Type: Full-Time Permanent
About the Company
RPIA is proud to be Great Place to Work Certified™. The company's culture is defined by its six core values: Client-First, Innovation, Excellence, Partnership, Integrity, and Giving back. With over 135 employees and approximately $21 billion in assets under management for a broad investor base of institutions and private clients, RPIA remains privately owned by employees who invest alongside its clients.
RPIA Capital Management is a specialized fixed income manager with expertise in corporate bonds and active interest rate management.
