Description

Working for the  City of Burlington

A great career is closer than you think. Come work for the City of Burlington, where you’ll be joining an innovative and progressive workplace focused on building a 21st century city that respects the diversity of our residents, visitors, and employees; and prioritizes continuous opportunities for you to learn and grow.

 We don't just spend time attracting the best talent. We spend time and resources to keep the best talent. This may include flexible working hours, and hybrid working arrangements, a great pension and benefits package, as well as programs to foster innovation and leadership.

 
Job Requisition Number: JR000000879

Employee Group: Non-Union

Employment Status: Full Time Permanent

Type of Vacancy: Existing Vacancy

Hours of Work: 35 hours per week

Department: Finance

Location: This position is eligible for a hybrid work model. When attending an event or meeting in person, your primary office location will be based out of SIMS location. Work location is subject to change at the discretion of the City due to operational demands. Effective 2026 this role will be required to be on site 50% of the time each month.

 
Position Overview:
 
The Manager, Investments is responsible for the strategic oversight and management of the City of Burlington’s investment and debt programs. This role leads the development and monitoring of cash flow forecasts for all City funds, manages the City’s debt portfolio in coordination with regional partners, and develops, recommends, and implements investment strategies that support the City’s financial objectives.

The position ensures all investment and debt activities are conducted in compliance with municipal policies, procedures, by-laws, and applicable provincial and federal legislation and regulations. This position is also accountable for the development, maintenance, and continuous improvement of investment and debt management policies, procedures, and internal controls.

In addition, this role monitors economic conditions and capital market trends, providing technical expertise and strategic advice to support informed financial decision-making. Overall, this role is integral to maintaining a strong governance framework and ensuring the prudent, effective, and sustainable management of the City’s investments and debt obligations.

Responsibilities:
 
Cash and Liquidity Management

• Lead and oversee consolidated cash flow forecasting for all City funds to ensure compliance with minimum cash balance requirements, restrictions on funds, and established internal control standards.
• Develop and implement strategies, procedures, and best practices to optimize liquidity, reduce excess cash holdings, and support effective cash and foreign exchange management.
• Manage the City’s debt portfolio, including maintaining the Debt Management Policy, reviewing debt forecasts, monitoring repayment limits, and coordinating debenture issuances in collaboration with regional partners.
• Monitor economic conditions and interest rate trends to inform debt structure and timing, and provide strategic advice and recommendations to senior leadership to support sound financial decision-making.

Portfolio Development, Strategy, and Management

• Develop and recommend investment strategies that align with the City’s funding requirements, risk tolerance, and capital plans, and maintain the Investment Policy in compliance with the Municipal Act, applicable regulations, and approved eligible securities.
•  Manage the City’s investment portfolios across money market and fixed income instruments, including decisions related to term structure and credit mix.
• Oversee investment transactions through approved counterparties and provide buy/sell recommendations to optimize returns and manage financing costs within approved policy parameters.
•  Monitor portfolio performance and compliance against established benchmarks and strategies, maintain accurate portfolio records and accounting, and prepare statutory, management, and Council reports, including quarterly investment and cash flow reporting.

Banking and Brokerage Relationship Management

• Manage relationships with the City’s banking and brokerage partners, including periodic service reviews, procurement processes, and tendering of banking and safekeeping services in accordance with municipal by-laws and procurement requirements.
•  Negotiate service fees, review and administer banking agreements, and ensure compliance with the City’s Procurement and Investment policies.
•  Maintain active engagement with financial institutions to remain current on market developments, investment products, and industry practices, and monitor transaction activity and broker performance to support informed decision-making and policy compliance.

Administrative and Corporate Responsibilities

•         Serve as the City’s primary advisor on investment and debt management matters, collaborating with internal stakeholders and external partners and representing the City within the investment community and with peer municipalities.
•         Oversee section operations to ensure compliance with internal controls, by-laws, policies, and procedures, and ensure the secure handling and management of financial information in accordance with corporate standards.
•         Contribute to corporate and cross-departmental initiatives and provide presentations, analysis, and guidance related to cash flow management, investments, and debt programs.

Requirements

• Education: 
  •    Four (4) year University Degree in Finance, Economics, Business or related discipline 
  •    Completion of Chartered Financial Analyst (CFA) designation from the CFA Institute  
  •    Completion of Canadian Securities Course (CSC) from the Canadian Securities Institute (CSI) 
  •    Experience: More than 4 years up to 7 year
• Other Skills: 
  •    Intermediate/Advanced knowledge of Microsoft Office software (Outlook, Excel, Word and PowerPoint)  
  •    Advanced knowledge of Bloomberg Terminal functionality
     

Police Check Requirement: This position requires the successful candidate to provide a clear criminal record check at their own expense.

Salary/Hourly Range: $136,855 - $171,069 (Grade M) Under Review

Posting Close Date: April 1, 2026

How to Apply
External Applicants: please visit www.burlington.ca/careers. Please note that applications are only accepted online. If you require assistance, please contact Human Resources at 905-335-7602.

 Internal Applicants: current employees must apply for positions through the Jobs Hub application on your City Workday account. 

 
Accommodations
In accordance with the Accessibility for Ontarians with Disabilities Act, the City of Burlington accommodates the individual needs of applicants with disabilities within the recruitment process. Please call us at 905-335-7602 or email us at: hr@burlington.ca if you require accommodation to ensure your equal participation in the recruitment and selection process.