VP - Institutional Asset Allocation Team - TD Asset Management

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

TD Asset Management (TDAM), a member of TD Bank Financial Group, is a leading North American investment manager offering progressive investment solutions to both institutional and individual investors. For over two decades, the organization has established competitive market positions in active, quantitative, and passive portfolio management. As of December 31, 2024 TDAM and its affiliates manage over $459 billion in assets on behalf of pension, insurance, endowment/foundation, and corporate clients, as well as high-net worth clients and retail mutual funds.

The Institutional Asset Allocation Team designs and manages portfolio solutions to help institutional clients achieve their investment goals. The team manages approximately $10 billion for pension plans, endowments and foundations, indigenous groups and insurance companies across Canada and is seeing strong growth across our mandates and clients. The Institutional Asset Allocation team follows a multi-disciplined investment process that combines top-down macro-economic research with bottom-up analysis and leverages quantitative and qualitative analysis to deliver investment excellence through strategic portfolio design and tactical management across asset classes such as fixed income, equities, commodities, and private alternatives. The team uses a collaborative approach to decision making, placing a high value on cultural fit and alignment for our growing and exciting business.

As a Portfolio Manager on the Institutional Asset Allocation team, you will be responsible for management of institutional multi-asset mandates, ensuring portfolios are aligned with strategic objectives, risk tolerances, and market conditions. You will play a key role in investment decision-making, asset allocation strategy, portfolio construction and portfolio/strategy communication with clients and internal stakeholders.

Key Responsibilities:

- Daily management of multi-asset portfolios, ensuring optimal market exposures, risk-adjusted returns, and alignment with client objectives

- Set strategic and tactical asset allocation for funds and institutional clients, leveraging macroeconomic insights, thematic research, cycle/regime analysis, factor analysis, and risk modelling.

- Develop and articulate trade rationales with a focus on portfolio impact, investment thesis, and risk considerations.

- Develop and refine investment and risk monitoring frameworks, using quantitative and qualitative analysis to enhance portfolio positioning.

- Manage trade execution for daily cash flows, client transitions and queue management for portfolios with alternative asset exposures

- Oversee cash and exposure management, ensuring portfolios remain within target allocations and liquidity constraints

- Develop and communicate (written and presentation) investment messaging including performance results, market outlooks, portfolio positioning and thought leadership.

- Lead fund due diligence, ongoing engagement, and evaluation with internal managers.

- Collaborate cross-functionally with internal teams, including Portfolio Managers, Analysts, Client Portfolio Managers, Relationship Managers, Investment Operations, and Risk Management to ensure seamless portfolio execution and client engagement.

Qualifications & Experience:

• 5+ years of experience in portfolio management, asset allocation, or multi-asset investing.
• Deep knowledge of macroeconomic analysis, portfolio construction, and risk management
• Demonstrated experience in equities within a multi-asset portfolio including regional allocation, sector allocation and equity risk management would be an asset
• Strong quantitative and qualitative skills, with experience using investment analytics tools (e.g., Bloomberg, FactSet, risk modelling software).
• Excellent communication and presentation skills, with the ability to effectively convey complex investment insights to institutional clients.

• An entrepreneurial and open mindset that seeks to grow with the team and the business over the long-term

• Excellent attention to detail, elevated level of intellectual curiosity and problem-solving skills
• Embrace a team-first mindset, actively fostering a collaborative and supportive culture by coaching and mentoring junior team members, sharing insights, and contributing to the overall growth and development of the Institutional Asset Allocation team.
• CFA designation
• Bilingual, French-English, would be an asset

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):
Sans Objet