Vice President, Currency Risk and Hedging, Capital Markets

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    "description": "<p><span style=\"text-decoration: underline\"><span style=\"font-weight: bold\">About Northleaf Capital Partners</span></span></p>\n<p><br></p>\n<p>Northleaf is a global private markets investment firm focused on mid-market companies and assets. With US$31 billion in capital commitments raised to date, Northleaf has an established, long-term track record as an investor in private equity, private credit and infrastructure globally.</p>\n<p><br></p>\n<p>Northleaf’s 300+ person team, located in Toronto, Chicago, London, Los Angeles, Melbourne, Menlo Park, Montreal, New York, Seoul and Tokyo, is focused exclusively on sourcing, evaluating and managing private markets investments. Northleaf manages closed and open-end funds across a range of global private markets strategies and a series of separately managed accounts with customized investment strategies tailored to meet the specific needs of leading institutional investors and family offices. As part of its ambitious growth strategy, Northleaf is also developing specific private markets products and investment solutions for insurance and wealth management clients.</p>\n<p><br></p>\n<p><span style=\"text-decoration: underline\"><span style=\"font-weight: bold\">Northleaf’s Capital Markets</span></span></p>\n<p><br></p>\n<p>The Capital Markets group is responsible for spearheading all of Northleaf’s relationships with various banks, lenders and hedging providers. We also manage the fund finance needs of the entire firm, working closely with many functional groups within Northleaf to ensure each fund’s liquidity and leverage needs are met.</p>\n<p><br></p>\n<p>Northleaf is currently recruiting for a senior leader to join their Capital Markets team. This position is based in Northleaf’ s Toronto office and reports to the Managing Director, Capital Markets.</p>\n<p><br></p>\n<p>The successful candidate will help design, lead and scale the firm’s currency risk management program across <span style=\"font-weight: bold\">the corporate entity</span> and<span style=\"font-weight: bold\"> multi‑currency funds/mandates</span>. This individual will own <span style=\"font-weight: bold\">policy, strategy and execution</span>—sophisticating our approach to foreign exchange risk, strengthening governance and reporting, and ensuring efficient, well‑controlled operations that support our global growth.</p>\n<p><br></p>\n<p>This posting is a high‑visibility, new role with regular interaction with the Investment Committee, Portfolio Strategy &amp; Analytics, Deal teams, Investor Operations, Product and Distribution, Legal/Compliance and our banking counterparties.</p>\n<p><br></p>\n<p><span style=\"text-decoration: underline\"><span style=\"font-weight: bold\">Accountabilities</span></span></p>\n<p><br></p>\n<p>Strategy, Policy &amp; Governance</p>\n<ul>\n<li>Redesign and own Northleaf’s FX Risk Policy covering corporate, fund‑level and share‑class/NAV hedging; collaborate with team members to determine appropriate risk appetite, target/trigger thresholds, eligible instruments and control framework.</li>\n<li>Build a comprehensive hedging strategy that aligns with corporate/fund cash flow profiles, fee currencies and investor base; set playbooks for balance‑sheet, cash‑flow and NAV hedging across PE, PC and Infrastructure.</li>\n<li>Prepare materials for Executive/Investment/Risk Committees; maintain policy documentation, annual reviews and exception management.</li>\n</ul>\n<p><br></p>\n<p>Hedging Program Design &amp; Execution</p>\n<ul>\n<li>Architect corporate and portfolio‑level hedge programs (rolling forwards, swaps, options where appropriate) including NAV/share‑class hedging and deal‑level hedging.</li>\n<li>Conduct scenario analysis and risk reporting.</li>\n<li>Lead relationship development and execution with banking partners to optimize price, liquidity and best‑execution/TCA; manage allocations across funds and accounts.</li>\n<li>Oversee counterparty management (ISDA/CSA negotiations, UMR/margin, eligibility schedules) in partnership with Legal and Compliance; optimize collateral terms and sources<span style=\"font-weight: bold\">.</span></li>\n</ul>\n<p><br></p>\n<p>Risk, Reporting &amp; Analytics</p>\n<ul>\n<li>Implement robust risk measurement (VaR/sensitivity, stress/scenario analysis, back‑testing) and performance attribution of hedging vs. policy targets.</li>\n<li>Build executive‑ready dashboards for P&amp;L, cost‑of‑carry, slippage/TCA, hedge effectiveness, residual risk and capital/LIQ implications.</li>\n</ul>\n<p> </p>\n<p>Cash Optimization and Liquidity</p>\n<ul>\n<li>Collaborate with Liquidity team on cash forecasting and liquidity management.</li>\n<li>Manage and optimize excess cash balances.</li>\n<li>Implement cash pooling/concentration structures.</li>\n<li>Coordinate with Investment and Portfolio Strategy and Analytics team on short-term investments.</li>\n</ul>\n<p><br></p>\n<p>Operations, Technology, Controls</p>\n<ul>\n<li>Drive standardization and automation in FX processes.</li>\n<li>Enhance treasury systems and controls in concert with cash management and corporate finance groups.</li>\n<li>Improve documentation and internal workflows.</li>\n</ul>\n<p><br></p>\n<p>Cross Functional Stakeholder Leadership and Relationship Management</p>\n<ul>\n<li>Be the firm’s subject‑matter expert on FX for investment teams and investor relations as well as an external resource for investors / prospects; contribute to product design for new mandates/share classes.</li>\n<li>Participate in key FX provider and treasury relationships externally across our global platform of partners.</li>\n<li>Monitor performance and pricing across these partners.</li>\n</ul>\n<p><br></p>\n<p><span style=\"font-weight: bold; text-decoration: underline\">Qualifications</span><br></p>\n<p><br></p>\n<ul>\n<li>10+ years of progressive FX/treasury/market risk experience in asset management, pension/sovereign, private markets or global corporate treasury, capital markets or currency desks; multi fund, multi jurisdiction experience strongly preferred.</li>\n<li>Demonstrated leadership of enterprise-wide hedging programs (policy through execution) with hands on derivatives expertise: forwards/NDFs, FX swaps, options.</li>\n<li>Deep understanding of NAV and share class hedging, cash flow and balance sheet hedging, and the nuances across private equity, private credit and infrastructure fund structures.</li>\n<li>Strong data and analytics orientation: exposure modeling, hedge ratio design, sensitivity/attribution and performance reporting; proficiency in Excel; Python/SQL helpful.</li>\n<li>Excellent stakeholder management, communication and executive level presentation skills; ability to translate technical topics into clear decisions.</li>\n<li>Relevant credentials (CFA, FRM, PRM, CTP) an asset; bachelor’s degree required, graduate degree preferred.</li>\n<li>A self-starter who is analytical and forward thinking with the ability to drill down into data and issues.</li>\n<li>Excellent interpersonal and communications skills (verbal and written) with the ability to liaise with all levels of individuals both internally and externally.</li>\n</ul>\n<p><br></p>\n<p><span style=\"font-weight: bold; text-decoration: underline\">Location</span></p>\n<p>Toronto, Canada</p>\n<p><br></p>\n<p><span style=\"font-weight: bold\"><span style=\"text-decoration: underline\">What Sets Us Apart</span></span></p>\n<p><br></p>\n<p>At Northleaf Capital Partners, you’ll be joining a leading global private markets investment firm with a differentiated platform across mid-market private equity, private credit, and infrastructure. Our integrated approach and long-term perspective have made us a partner of choice to a global base of institutional investors – and that begins with our exceptional team of professionals.</p>\n<p><br></p>\n<p>At our core, our culture is built on the foundation of trust, openness, respect, integrity, and professionalism. These values guide every interaction with our investors, our partners, and one another. We are focused on building long-term relationships and creating a collaborative, professional environment where everyone feels supported and valued.</p>\n<p><br></p>\n<p>We foster a collegial and non-hierarchical workplace where ideas are valued, decision-making is grounded in data, and individuals are empowered to contribute meaningfully. Our success depends on an engaged and inclusive workforce, and we invest in fostering that culture. We celebrate the diverse backgrounds, perspectives, and experiences of our team members and are committed to ensuring a workplace built on inclusion and shared success.</p>\n<p><br></p>\n<p>We celebrate achievements, encourage teamwork, and work hard to cultivate a sense of community to achieve strong results. Our competitive total rewards package features an employer-funded benefits plan, an attractive retirement offering, which includes a group retirement plan and the ability to invest in Northleaf funds on a no fee/no carry basis, and a range of valuable perks such as fitness and wellness reimbursement, charitable donation matching, and tuition assistance. We also support flexible working arrangements, with up to two remote days per week and the option for fully remote for up to two weeks per year.</p>\n<p><br></p>\n<p><span style=\"font-weight: bold; text-decoration: underline\">Contact</span></p>\n<p><br></p>\n<p>Interested candidates are asked to apply on Northleaf <a href=\"https://www.northleafcapital.com/careers\" target=\"_blank\" rel=\"noopener noreferrer\">Careers</a>. Only those selected to be interviewed will be contacted.</p>\n<p><br></p>\n<p>Applications will be reviewed using Northleaf’s recruitment standards to ensure a fair and consistent experience. Our recruitment team will personally review your resume and application. We may use artificial intelligence to help identify the skills and qualities that matter most to our business through candidate sourcing. We are committed to safeguarding your privacy and using AI responsibly throughout the process.</p>\n<p><br></p>\n<p><em>Northleaf Capital Partners is committed to providing an inclusive and accessible candidate experience. Should you require accommodations during the selection process, please do not hesitate to let us know and suitable arrangements will be made.</em></p>",
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