Director Capital Markets

The Treasury Management Branch of the Ministry of Finance is responsible for providing leadership on and arranging and managing the financing requirements for the Government of Saskatchewan, Crown Corporations, and other government agencies. It manages the provincial debt and the cash position of the General Revenue Fund and provides investment management services to various funds administered by the Government and other agencies.

The Treasury Management Branch has a leadership opportunity for an experienced investment professional in our Capital Markets area. Reporting to the Executive Director, this position is responsible to:

• Provide leadership in the management of the Government’s long- and short-term fixed income portfolios and debt portfolios.
• Execute Government, Crown and Agency funding strategies including management of sinking funds and liquidity funds utilizing risk/return optimization and asset-liability management techniques.
• With the Executive Director, execute and negotiate long-term debt issuance in the public markets, evaluating existing market conditions and conforming to debt policy guidelines.
• Implement Government’s currency and fixed income hedging strategies.
• Oversee short-term investment management and short-term financing operations.
• Provide input and recommendations into current investment and debt management policies and procedures.
• Assist in developing recommendations for short- and long-term borrowing strategies for the Government of Saskatchewan, including evaluation of alternative funding sources including international currency markets.
• Participate in the development, maintenance and delivery of the Government of Saskatchewan’s investor relations materials to enhance relationships with the Government’s existing and potential investor base and credit rating agencies.
• Maintain ongoing connections with the Government of Saskatchewan’s banking syndicate and sell-side dealer network; and Provide insights into the domestic government fixed income markets.

Typically, the knowledge, skills and abilities required to be successful in this position include:

• Progressively successful experience in managing institutional fixed income portfolios.
• A relevant undergraduate or post graduate degree and/or CFA designation.
• Experience with swaps, forwards, or other derivative instruments.
• Experience with investment systems such as Bloomberg, trade order management, and risk management reporting software are definite assets.
• A commitment to team-building and proven communication capabilities.
• Experience supervising, training and coaching staff.

Closing Date: December 4, 2022  Competition Number: FIN005007