" \u003cdiv class=\"ja-job-details\"\u003e \u003ch2 class=\"title\"\u003eAnalyst/Portfolio Manager, Derivatives\u003c/h2\u003e \u003cdiv class=\"meta\"\u003e \u003cul class=\"classifications\"\u003e \u003cli data-id=\"17388\"\u003e Asset Management \u003c/li\u003e \u003cli data-id=\"17390\"\u003e Ontario \u003c/li\u003e \u003cli data-id=\"17442\"\u003e Toronto \u003c/li\u003e \u003cli data-id=\"17391\"\u003e Permanent / Full Time \u003c/li\u003e \u003c/ul\u003e \u003cp class=\"date-posted\"\u003e 30/10/2026 \u003c/p\u003e \u003c/div\u003e \u003cdiv class=\"description\"\u003e \u003cstrong\u003eCompany Profile\u003c/strong\u003e\u003cbr\u003e Our client is a well-established, independent Canadian asset management firm with over six decades of history and tens of billions of dollars in assets under management. The Firm delivers investing excellence across public and private markets through multiple complementary business lines. Free of a bank\u0027s structure, our client pairs a disciplined, research-driven approach with genuine tenure and a culture of curiosity, open dialogue, and challenging each other\u0027s ideas. The firm\u0027s derivative-income franchise has grown from a modest start to a top-two position in one of the fastest-growing fund categories in Canada, backed by a leadership with the mandate to expand derivatives use more broadly across the firm.\u003cbr\u003e\u003cbr\u003e \u003cstrong\u003eOverview\u003c/strong\u003e\u003cbr\u003e This well-established asset management firm is seeking an Analyst/Portfolio Manager, Derivatives to join its Investment Management team, based in Toronto. The Derivatives team currently manages a multi-billion-dollar book of options-focused funds and overlay strategies, spanning direct portfolios, income enhancement, and hedging. Today the function runs through a single portfolio manager, offering opportunity to add value and a genuine growth runway for the right hire. This role will serve as a partner across alpha generation, risk management, and trading, with a defined path to grow into full portfolio-management duties.\u003cbr\u003e\u003cbr\u003e \u003cstrong\u003eResponsibilities\u003c/strong\u003e\u003cbr\u003e \u003cul\u003e \u003cli\u003eProfessionally Manage Existing Mandates: Provide backup to the firm\u0027s sole derivatives portfolio manager, covering alpha generation, risk management, and trading across a multi-billion-dollar options and overlay book.\u003c/li\u003e \u003cli\u003eDeliver Best Execution: Execute derivative trades across all funds that use derivatives, evaluating broker selection and counterparty assessment to ensure best execution.\u003c/li\u003e \u003cli\u003eProvide Subject Matter Expertise \u0026amp; Strategic Insights: Analyze, generate, and propose trade ideas to add alpha, transform risk through hedging, access differentiated return streams, and identify mispricing and relative value within mandate constraints.\u003c/li\u003e \u003cli\u003eRead the Derivatives Markets for Signal: Monitor macro and single-stock volatility markets across tenor and sigma, and communicate how derivatives positioning and market dynamics should inform portfolio decisions.\u003c/li\u003e \u003cli\u003eElevate the Firm\u0027s Derivatives Capability: Develop new analytical tools, research new strategies, expand the instrument set available to portfolio managers, and collaborate closely with investment professionals firmwide.\u003c/li\u003e \u003cli\u003eGrow Into Portfolio Management: Progress from execution into strategy and, over time, full portfolio-manager duties as a true backup and partner to the derivatives PM.\u003c/li\u003e \u003c/ul\u003e \u0026nbsp;\u0026nbsp;\u003cbr\u003e \u003cstrong\u003eRequirements\u003c/strong\u003e\u003cbr\u003e \u003cul\u003e \u003cli\u003e3-8+ years of listed/OTC options sales, trading, execution, or analysis experience across a range of instruments (options, futures, swaps) and asset classes (equities, currencies, fixed income).\u003c/li\u003e \u003cli\u003eGenuine understanding of option pricing, Greeks, and volatility markets (tenor and sigma), not execution alone; ability to read the market for signal and spot mispricing and relative value, and generate trading ideas.\u003c/li\u003e \u003cli\u003eExperience on the operational side of derivatives is a plus: contract analysis, counterparty assessment, valuation determination, exposure measurement, collateral management, clearing, and settlement.\u003c/li\u003e \u003cli\u003eMasters in quantitative finance or financial economics with a derivatives focus ideal; a strong math background valued.\u003c/li\u003e \u003cli\u003eCFA ideal, enabling eventual portfolio-manager registration; a recognized Canadian derivatives/options licensing designation preferred.\u003c/li\u003e \u003cli\u003eCoding skills an asset (Python, SQL); ability to price and model OTC derivatives independently a strong plus.\u003c/li\u003e \u003cli\u003ePrior equity portfolio management experience a positive; financial and accounting background a plus.\u003c/li\u003e \u003c/ul\u003e \u003cstrong\u003e\u0026nbsp;\u003c/strong\u003e \u003c/div\u003e \u003cdiv class=\"apply\"\u003e \u003ca class=\"back-link\" href=\"#\" title=\"Back to search results\"\u003eBack to search results\u003c/a\u003e \u003cinput type=\"button\" class=\"ja-button\" data-job-id=\"445893\" value=\"Apply Now\" title=\"Apply Now\" /\u003e \u003c/div\u003e \u003c/div\u003e "