Portfolio Manager

About Us

Delphia's mission is to ensure your data works exclusively for you. We do this by letting people invest their data alongside their money in order to improve their financial returns. Data, in this case, could be anything from someone’s profile characteristics (attributes) to the behavioral streams of data they create when using social media, a credit card, or a smartphone.

By modelling profile attributes against someone’s behavior, Delphia is able to weight the behavior of a subpopulation (such as a conversation on Twitter) in such a way that it mirrors the complexion of the population at large. In so doing, we are able to see, and invest in, trends taking shape in the data long before others are aware of them. We then take half of the fees we collect in exchange for managing peoples’ money, and re-distribute them to everyone who contributed data.

We are building a new kind of company that re-thinks the value of privacy, data rights, and fiduciary responsibility in order to ensure your data is always working for you – just like your money.

Whether we're educating you on how your data can be used to make better investment decisions, or identifying future trends, people at Delphia are socially-minded creatives at heart. Our teams are continually iterating, solving hard problems, and collaborating to generate new forms of value and economic returns for our users (we call them members, in fact). Working together, we want people to realize the true value of their data – and we're just getting started.

Delphia is a growing (~34 people), multi-disciplinary team located in the heart of downtown Toronto. We began in January 2018 and are graduates of Y Combinator (SF) and the Creative Destruction Lab (Toronto). In 2018 we raised a Seed round (led by Lerer Hippeau & Golden Ventures) as well as a Series A (led by Real Ventures).

About the Role

The Portfolio Manager is responsible for creating and maintaining active and passive model investment portfolios for Delphia’s online adviser platform.  Operating primarily from our Toronto office, as Portfolio Manager, you will work directly with our data scientists, analysts, in-house advisors and relationship managers to implement investment strategies that are suitable for retail investment accounts and capitalize on alternative data sources.

What You’ll Do

Day-to-Day Strategy & Collaboration:
  • Conduct the implementation and oversight of alpha and risk premia-based equity strategies and contribute to the ongoing tasks of the portfolio management team
  • Identifying areas of risk and opportunities for process improvement.
  • Contribute to the prototyping and development of analytics and other tools to enhance the team’s ability to implement and scale alpha and risk premia portfolios
  • Provide thought leadership in systematic investment implementation and portfolio construction and conduct research to further advance Quantitative Strategies and Risk Premia (QSRP) in these areas
  • Participate in enhancing and developing investment/trading strategies by collaborating with internal data scientists and analysts
  • Partner with colleagues in the data science to develop new alpha and risk premia factors and strategies
  • Partner with colleagues in trading and data science to develop tools and advance the state of the art in implementation and execution of equity portfolios with an emphasis on enabling horizon diversification
  • Partner with colleagues in Portfolio Engineering and Technology to further the development and implementation of QSRP’s investment process, machinery, and research platform.
  • Research, analyze and select ETFs, mutual funds and equity issuers
  • Research and analyze some unique situations, i.e. illiquid positions or non-discretionary components of client portfolios.

  • Follow up on client trades to ensure proper settlement and delivery by informing the appropriate departments to take the necessary measures
  • Execute buy / sell transactions of shares, bonds and other investment products for client accounts
  • Provide current price quotation to clients referring to quote services and trading desk personnel

Account Management, Analytics & Implementation:
  • Monitor account movements and implement investment strategies
  • Regularly monitor portfolios to ensure they are in-line with the security and asset mix targets and recommend rebalancing where appropriate
  • Produce portfolio analytics and investment analysis

Relationships & Administration:
  • Act as contact person for clients concerning products, procedures and policies of the Firm
  • Engage with clients via phone, email, and live chat
  • Provide administrative support such as periodic mass mailings to existing and potential clients
  • Prepare and customize client portfolio and management reports
  • Monitor all pending transfers (fiat and in-kind) to ensure completion on a timely basis
  • Ensure a high level of client satisfaction, internally and externally by:
  • Proactively identifying and recommending strategies to address client needs
  • Preparing communications and various reports in support of investment decisions.
  • Ensure compliance with all regulatory requirements, firm policies and accuracy of trading activities
  • Request information and documentation from clients in order to open accounts and keep client files up to date
  • Maintain administrative liaison with the different operations departments
  • Collaborate with financial advisors and developers to optimize service
  • Notify Investment Advisor  of tender offers, redemptions and reimbursements etc.

Who You Are

You have a positive attitude, strong work ethic, and excellent attention to detail.  You thrive in a team environment and can work independently.  You can communicate complex investment concepts to sophisticated and retail investors across direct and online platforms.

  • Self starter with excellent time management skills and extremely high attention to detail
  • Strong interpersonal, communication, analytical and problem solving skills
  • Previous client-facing experience with strong relationship management skills 
  • Ability to work collaboratively and diligently in an entrepreneurial team environment
  • Been registered, or have the ability to become immediately registered in Canada as a Portfolio Manager
  • CFA or CIM designation (CIM, or its predecessor CIF)
  • Completion or enrollment in CSC and CPH through CSI
  • A University Degree or College Diploma or equivalent experience in a relevant field of study
  • Have or are on track for CFP/PFP designation and/or LLQP insurance licencing 
  • At least 5 years of relevant experience in capital markets
  • Strong investment management knowledge and experience as it relates to understanding economic and capital markets
  • Experience developing data-driven active and passive investment strategies
  • Experience in developing asset allocation models for retail investors.
  • Advanced Excel skills (VBA, macros, automated financial models)
  • Advanced knowledge of Bloomberg, Morningstar, Excel, PowerPoint, Mpower, Zephyr, and Crystal Reports.
  • Experience in, and desire to, build out collaborative tools for portfolio management, analytics, and research (strong preference for expertise at Python, Matlab, or R)
  • Hands on experience in equity trading in a professional capacity and familiarity with broker-dealer algo suites
  • Been registered, or have the ability to become immediately registered in Canada as a Portfolio Manager

Perks & Offerings

As a member of the Delphia team, you will enjoy a variety of perks and benefits such as:

  • Convenience: We are located in the heart of the city at the corner of King and Bathurst, accessible via the TTC on the King Streetcar line (504 King).
  • Benefits: We offer comprehensive health and dental benefits
  • Flexibility: Employees can adjust their work hours and have the option of working from home when the need arises.
  • Investment: We offer competitive employee stock options.
  • Learning & Development: Tuition Reimbursement

We are an equal opportunity employer and value diversity at our company. We do not discriminate by race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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