Director, Capital Markets and Treasury

Role Overview

• Provide strategic direction and oversight for the City’s capital markets, investment, and treasury functions.
• Lead the development, implementation, and ongoing maintenance of investment, debt, liquidity, and treasury policies in alignment with legislative and regulatory requirements.
• Serve as an advisor to the CFO & Treasurer, the Toronto Investment Board, City Council, and senior leadership on complex financial, capital market, and economic matters.
• Oversee the City’s full suite of investment portfolios, including short-term, long-term, sinking fund, and both internally and externally managed assets.
• Deliver expert analysis, recommendations, and comprehensive materials, supporting the Toronto Investment Board in fulfilling its fiduciary responsibilities.
• Lead the planning, structuring, and execution of the City’s debenture issuance program, ensuring alignment with market conditions and corporate financial needs.
• Monitor capital market trends and provide advice on optimal timing, structure, and scale of debt issuance.
• Negotiate financing arrangements with banks, rating agencies, and major institutional partners such as the Canada Infrastructure Bank, FCM, and CMHC.
• Oversee liquidity, cash management, hedging strategies, and comprehensive financial risk management across the corporation.
• Represent the City to institutional investors, credit rating agencies, and major financial partners, serving as a key ambassador for the City’s financial strategy and performance.
• Direct, develop, and motivate a team of senior professionals overseeing capital markets, investments, and treasury operations, ensuring high standards of financial controls, compliance, reporting, and risk management.

Requirements

• Extensive experience developing and leading large-scale investment, capital markets, and treasury programs within a public-sector, financial institution, or institutional asset-management environment.
• Extensive experience overseeing or managing complex portfolios that may include fixed income, equities, real assets, or externally managed funds, with responsibility for performance evaluation and risk management.
• Proven success in public-sector or large-scale debt issuance, including bond programs, negotiating with investment banks, managing credit-rating processes, and determining strategic issuance timing and structure.
• Proven knowledge of regulatory requirements governing municipal investments, debt limits, risk management, financial controls, and fiduciary responsibilities associated with public funds.
• Considerable experience preparing and presenting complex financial information to senior decision-makers, Boards, or elected bodies, including the ability to provide clear recommendations based on financial analysis and market insights.
• Considerable experience leading teams in a complex environment, including workforce planning, performance management, and promoting a culture of accountability and continuous improvement.
• Post-secondary degree in finance, economics, business administration, or a related field. Designations such as CFA, CPA, or an MBA are considered strong assets.