Job ID #32176: Chief Investment Officer

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 #32176: 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-cityby 4:00 p.m. on August 26, 2026.
• Vacancy type: This posting is for an existing vacancy 
• 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 sh