Make an impact at a global and dynamic investment organization

When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians.

CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6 trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo, and Sydney.

CPP Investments successfully attracts, selects, and retains talented individuals from top-tier institutions worldwide. Join our team for access to:

• Stimulating work in a fast-paced and intellectually challenging environment
• Accelerated exposure and responsibility
• Global career development opportunities
• Diverse and inspiring colleagues and approachable leaders
• A hybrid-flexible work environment with an emphasis on in-person collaboration
• A culture rooted in principles of integrity, partnership, and high performance
• An organization with an important social purpose that positively impacts lives

If you have a passion for performance, value a collegial and collaborative culture, and approach work with the highest integrity, invest your career here. 

The Capital Markets and Factor Investing Department (CMF) invests assets globally in public equities, fixed income securities, currencies, commodities, and derivatives, and manages the engagement of investment managers and co-investments in public market securities.  

External Portfolio Management (“EPM”) is a group within CMF responsible for allocating capital to external managers in public markets across all trading styles, asset classes, and geographies. EPM oversees a portfolio of externally managed funds and separate accounts and has relationships with over 60 of the world’s top hedge fund managers.

We are presently recruiting a Senior Associate to join the Portfolio Construction & Risk team within the EPM group. Based in Toronto, the Senior Associate plays a key role in strengthening our portfolio construction and risk framework, optimizing risk and capital allocation, and managing all hedging activity.

What You’ll Do:

• Provide active oversight of all investment memos, including analysis to support quarterly portfolio review process
• Provide active oversight of the existing Python repository supporting portfolio construction processes
• Maintain/oversee position-based risk modelling (MSCI RiskMetrics), and risk report production, in collaboration with portfolio engineering team
• Oversee existing Tableau dashboard ecosystem to enhance monitoring across hedge fund allocations
• Lead beta and FX hedging activities
• Conduct research to enhance existing portfolio construction and risk practice. Examples include 1) formulation of strategy-level views to inform potential allocation appetite, 2) research on strategy cyclicality & relevant market factors / macroeconomic regimes that influence hedge fund performance
• Act as liaison between hedge fund and department-level portfolio construction & risk functions through active participation in various forums
• Support junior employees’ development & role execution
• Support the Managing Director, Portfolio Construction & Risk, in all internal stakeholder communications
• Support operational, technology and data initiatives to enable scaling of CMF’s investment programs
• Special projects and other duties as assigned - must be comfortable pivoting as priorities shift in a complex and dynamic environment. 

Who We’re Looking For:

We look for candidates that have a track record of academic success while balancing extracurricular activities, a strong interest in the financial markets and portfolio management as well as effective communication, interpersonal and relationship building skills. In addition, the most successful candidates combine energy, enthusiasm, and intellectual curiosity, with a demonstrated interest in investing. 

• A graduate degree (master’s or higher) in a finance-oriented discipline: Economics, Finance, MBA, Mathematical Finance, Financial Engineering
• 5-7 years relevant work experience in financial markets, such as funds, investment risk, portfolio research, or capital allocation. Prior experience in hedge funds, or fund-of-funds is an asset.
• 1-2 years of experience managing project teams (2-4 members); direct people management experience would be an asset.
• Demonstrates strong market knowledge with a comprehensive understanding of various asset classes and their associated risk drivers.
• Team player who enjoys a high-performance collaborative culture and develops junior team members.
• Familiarity/experience with MSCI RiskMetrics would be an asset.
• Proficient in Excel and Python; CFA, FRM, or CAIA designation would be an asset.
• Strong relationship management and oral communication skills.
• Demonstrates flexibility, adaptability, and initiative. Candidate needs to be resourceful and able to manage multiple priorities. Proven ability to meet deadlines and work well under pressure.
• Good communication skills and proactive engagement with key internal stakeholders and external partners. 
• Demonstrates our Guiding Principles of Integrity, Partnership and High Performance.

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At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process. 

Our Commitment to Inclusion and Diversity:

In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

Disclaimer:

CPP Investments does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered.  CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.