Manager, Liquidity

Attention finance professionals! We are currently seeking a Manager, Liquidity to join our team. As the Manager, Liquidity, you will report to the Senior Manager, Debt Management and be responsible for managing public funds for Ontario. Your role will involve overseeing liquid reserves and short-term borrowing, mitigating risks associated with interest rates and foreign exchange, managing collateral, and funding bond positions. If you have a strong finance background and excellent attention to detail, we encourage you to apply now to make a positive impact in this exciting opportunity!
Ontario Financing Authority (OFA) executes all borrowing, investments and financial risk management activities; manages the provincial debt; advises on financial policies and projects; and provides financials and cash management services and advice to the Ontario Electricity Financial Corporation.

OPS Commitment to Diversity, Inclusion, Accessibility, and Anti-Racism:

We are committed to build a workforce that reflects the communities we serve and to promote a diverse, anti-racist, inclusive, accessible, merit-based, respectful and equitable workplace.
We invite all interested individuals to apply and encourage applications from people with disabilities, Indigenous, Black, and racialized individuals, as well as people from a diversity of ethnic and cultural origins, sexual orientations, gender identities and expressions.
Visit the OPS Anti-Racism Policy and the OPS Diversity and Inclusion Blueprint pages to learn more about the OPS commitment to advance racial equity, accessibility, diversity, and inclusion in the public service.
We offer employment accommodation across the recruitment process and all aspects of employment consistent with the requirements of Ontario's Human Rights Code. Refer to the "How to apply" section if you require a disability-related accommodation.

What can I expect to do in this role?

As the Manager, Liquidity, you can expect to:
• Invest liquid reserves prudently and cost-effectively according to OFA's Liquidity Management Plan;
• Manage the short-term borrowing program on behalf of the Province of Ontario and Ontario Electricity Financing Corporation;
• Execute foreign exchange hedging strategies to manage exposures in borrowing and investment transactions;
• Monitor global financial markets, maintaining contacts with investment dealers and banks to stay informed on market trends;
• Identify financial opportunities to lower borrowing costs, enhance investment returns, and reduce financial risk for the Province of Ontario;
• Stay updated on changes in financial markets and maintain contact with Provincial and Federal counterparts, including the Bank of Canada.

How do I qualify?

Specialized and Trading Knowledge:

• You have a good understanding of the fixed-income markets that are relevant to treasury management;
• You have extensive experience with money market, fixed income, derivatives, and foreign exchange markets;
• You can transact various instruments within each market effectively.

Risk Management and Analytical Skills:

• You have a strong appreciation of risk management principles;
• You demonstrated the ability to exercise prudent judgment in executing transactions;
• You possess excellent quantitative and analytical skills;
• You can analyze economic data swiftly to inform investment, borrowing, and hedging decisions.

Communication and Negotiation Skills:

• You have exceptional communication and negotiation skills;
• You are effective in dealings with foreign and domestic investment banks, colleagues, and senior management;
• You are detail-oriented, responsible, innovative, and collaborative;
• You model ethical behaviour and thrive in challenging environments.

Technical Knowledge

• You have strong working knowledge of financial software packages;
• You can analyze a wide range of financial transactions;
• You have experience collaborating with programmers and financial engineers to develop or modify internal systems.