Exciting opportunity to join our Global Trading team! We are seeking a Principal, Cash Markets to join the Credit Trading desk in our Toronto office. This role owns execution and senior judgement across the desk's Cash Markets mandate, with US High Yield and Loans as the primary focus, and coverage responsibility for Investment Grade Corporate Bonds, CLOs and CAT Bonds.
The mandate also extends to derivatives traded alongside cash risk – CDS Indices, CDS Single Names and TRS – with the ultimate goal of the successful candidate providing backup coverage to Credit Trading's derivatives side when needed. While the focus of the role is cash, candidates should either bring existing derivatives experience or demonstrate a strong, fast-learning aptitude to build it.
The Global Trading team sits within Total Fund Management and is organized into several trading pods, including Credit. The Principal will report directly to the Head of Credit Trading and will maintain close collaboration with the Credit Portfolio Management Teams, the other Global Trading Pods, as well as our Strategic Asset Allocation and Modeling teams.
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What we’re offering
Numerous opportunities for professional growth and development
Comprehensive employer paid benefits coverage
Retirement income through a defined benefit pension plan
The opportunity to invest back into the fund through our Deferred Incentive Program
A flexible work environment combining in office collaboration and remote working
Competitive time off
Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year
Employee discount programs including Edvantage and Perkopolis
At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.
How to apply
Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.
Accommodations are available upon request ([email protected]) for candidates with a disability taking part in the recruitment process and once hired.
Candidates must be legally entitled to work in the country where this role is located.
Ontario Teachers’ may use AI-based tools to assist in screening and assessing applicants for this position. These tools may help us identify candidates whose skills and experience align with Ontario Teachers’ objectives by analyzing information provided in resumes and applications. Our use of AI does not replace human decision-making.
To learn more about how Teachers’ uses AI with your personal information, please visit our Privacy Centre.
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Open job postingAbout the company
Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of ~$279 billion as of December 31, 2025. Ontario Teachers’ invests in a broad array of asset classes to deliver retirement security for 346,000 working members and pensioners.