Contribute to the City of Hamilton, one of Canada’s largest cities - home to a diverse and strong economy, an active and inclusive community, a robust cultural and dining scene, hundreds of kilometers of hiking trails and natural beauty just minutes from the downtown core, and so much more. Join our diverse team of talented and ambitious staff who embody our values of sensational service, courageous change, steadfast integrity, collective ownership and being engaged empowered employees. Help us achieve our vision of being the best place to raise a child and age successfully. #BeTheReason
- Job ID #31598: Chief Investment Officer
- Union: Non-Union
- Job Description ID #: 284
- Close date: Interested applicants please submit your application online at www.hamilton.ca/city-council/jobs-city by 4:00 p.m. on January 21, 2026.
- Internal applicants should apply with your work e-mail address. External applicants are considered only after the internal posting process has been completed. Only applicants chosen for an interview will be contacted.
SUMMARY OF DUTIES
Reporting to the Director, Financial Services, the Chief Investment Officer is responsible for the overall strategy, operation and management of the City's Investments and Borrowing programs.
GENERAL DUTIES
Actively manage bank balances, investment products and institutional investment portfolio that includes City Funds, City Trusts and City Pensions.
Develop, advise, implement, monitor and direct the corporate investment strategy and investment policies and procedures.
Implement and manage investment programs.
Review, examine and evaluate eligible securities and alternative investment opportunities.
Manage and execute, debenture/debt issuance for debt financing requirements. Obtain advice from permitted borrowing sources, including debt issuance syndicate for capital market issuance and other sources such as Infrastructure Ontario and banks.
Advise Senior Leadership Team on market conditions, timing, terms and structure of debenture issuance. Lead and manage negotiations on terms of agreements and other documents, bylaws, related to the debt issuance. Manage closing process for debenture issuance including banking and receipt of funds.
Establish and maintain ongoing relationships with all permitted borrowing sources, including debt issuance syndicate and debt issuance syndicate review. Collaborate with senior management on investor relations presentations and related information.
Ensure adherence to City of Hamilton’s investment policies and procedures, governing legislation and sound investing standards and practices for operating cash flow liquidity.
Arrange contracts and manage services for the custodial services, investment management services, investment advisors, investment dealers, and other related investment products. Establish and maintain ongoing relationships with investment dealers, custodian, banks, and investment consultant.
Review and monitor monthly statements from custodian to ensure accuracy of investment transactions and operating costs.
Forecast and plan for City wide revenues, such as, investment income, property taxes, Federal and Provincial transfers, going forward for one year and up to five years balanced against City-wide expenses, such as, capital programs, debt payments, payroll and other operations.
Analyze cash flows to determine the investment horizon and magnitude of investible funds.
Analyze the various markets and match market offerings for best fit to portfolio needs for both short-term and long-term strategies.
Execute purchases and sales of investment products through a competitive bid process from all approved suppliers and investment dealers.
Consult monthly with investment consultants and provide direction on required inputs.
Report investment performance and investment compliance to Corporate Services Department leadership, Council and its standing committees, sub-committees and staff in a timely and accurate manner.
Provide investment and debt information to Accounting staff and staff in other departments as required.
Ensure all investment and borrowing activities are in compliance with policies and that internal controls are in place and followed.
Co-ordinate and manage the Credit Rating Agency relationships, financial information flows and the economic surveys; keep abreast of developments in credit rating agency methodologies pertaining to the City.
Provide leadership, mentoring and direction to a multidisciplinary staff team. Manage staff and staffing requirements including interviewing, hiring, orientation, and regular performance reviews. Evaluate needs and ensure adequate training and career development for staff.
Develop and monitor Investment Team budget and initiatives and ensure appropriate action to deal with in-year changes.
Ensure staff adherence to professional standards and policies for the Investments and Borrowing activities.
Maintain excellent relations with the Investment and Financing community so that the Corporation's profile within that community ensures transactions and opportunities are consistently shown in a timely manner for consideration by the Corporation.
Represent, participate and collaborate with municipal, provincial government representatives and industry experts on investments and debt.
Attend City of Hamilton Council meetings, standing committees and sub-committees as required.
Participate on projects for new policies for investment or debt issuance as assigned.
Demonstrated knowledge of the Health and Safety Act and applicable regulations as it relates to the position.
Ensures that employees are provided with and use the appropriate equipment, material and/or procedures required to perform the assigned duties. Ensures that all employees perform work in accordance with applicable Health and Safety legislation and all City of Hamilton corporate and departmental policies and procedures. Ensures that appropriate action is recommended for those employees who do not work in compliance with legislation, policies and procedures.
Perform other duties as assigned which are directly related to the responsibilities of the position.
QUALIFICATIONS
- Proven knowledge of investment management principles, practices and theories normally acquired through the completion of a University Degree in Finance or Economics with considerable experience in managing fixed income investment portfolios or an equivalent combination of education and related work experience.
- Chartered Financial Analyst (CFA) designation.
- Considerable progressive experience (minimum of 10 years) in portfolio strategy, fixed income or equity trading and institutional portfolio investment management at a senior level.
- Proven experience with Government Debenture Issues, and other financing methodologies.
- Demonstrated knowledge of current affairs and markets for fixed income and equity investment for domestic and international markets.
- Knowledge of and proven experience in transacting/ in debt capital markets and procedures.
- Knowledge of Bloomberg Terminal, portfolio theory, credit analysis, synthetic replication and securities analysis including current trends.
- Demonstrated knowledge of accounting and auditing requirements as it pertains to investments.
- Knowledge of basic cash flow analysis.
- Must possess strong organizational and time management skills.
- Excellent people management and negotiation skills.
- Highly developed analytical and business planning skills with a proven track record for long-term visioning and big picture thinking.
- Highly effective leadership, facilitation, communication, presentation, interpersonal and organizational skills.
- Demonstrated ability to effectively manage a multi-disciplinary staff in a results-oriented environment.
- Demonstrated ability to deal effectively with elected officials, representatives of other levels of government, management, peers, staff and the general public.
- Thorough knowledge and understanding of statutes, regulations and by-laws affecting the team e.g. The Municipal Act, Pension and Trustee legislation.
- Working knowledge of computer software applications including familiarity with computer aids for portfolio management and Microsoft products (Outlook, Teams, Excel, Word, etc.).
- Demonstrated knowledge of the Health & Safety Act and applicable regulations as it relates to the position.
Disclaimer:
Be advised that Human Resources frequently audits resumes of internal/external applicants to ensure/validate information provided is consistent and trustworthy. Falsification of information provided at any time throughout the recruitment process may be grounds for disqualification, and for internal applicants, subject to discipline up to and including termination.
Terms:
The City is an equal opportunity employer that is committed to inclusive, barrier-free recruitment and selection processes. Consistent with our Values and Corporate Culture Pillars, the City of Hamilton is committed to providing equitable treatment to all with respect to barrier-free employment and accommodation without discrimination. The City will provide accommodation for applicants in all aspects of the hiring process, up to the point of undue hardship. If you have an accommodation need, please contact Human Resources as soon as possible to make appropriate arrangements.
