Associate/Senior Associate, Risk Optimization

Job title: Associate/Senior Associate, Risk Optimization

Job description: Company Description

Make an impact at a global and dynamic investment organization

When you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $500 billion, CPP Investments is a professional investment management organization that globally invests the funds of the Canada Pension Plan (CPP) to help ensure long-term sustainability. The CPP Fund is projected to reach $3 trillion by 2050. CPP Investments invests in all major asset classes, including public equity, private equity, real estate, infrastructure and fixed-income instruments, and is headquartered in Toronto with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney.

CPP Investments attracts and selects high-calibre individuals from top-tier institutions around the globe. Join our team and look forward to:

• Diverse and inspiring colleagues and approachable leaders
• Stimulating work in a fast-paced, intellectually challenging environment
• Accelerated exposure and responsibility
• Global career development opportunities
• Being motivated every day by CPP Investments’ important social purpose and unshakable principles
• A deeply rooted culture of Integrity, Partnership and High Performance

If you share a passion for performance, value a collegial and collaborative culture, and approach everything with the highest integrity, here’s an opportunity for you to invest your career at CPP Investments.

Job Description

We are currently recruiting for a full-time Associate/Senior Associate to join the Strategy & Operations group within the Capital Markets & Factor Investment department (“CMF”) in Toronto with a focus on portfolio optimization and risk management. The Strategy & Operations group (S&O) plays a key role in aligning CMF’s investment strategy to operational execution by ensuring optimization of resources across the department. In addition to providing exposure monitoring and risk oversight, the risk function within S&O supports CMF’s Investment Committee on investment decisions to ensure that the department is utilizing its risk budget in an optimal and opportunistic way.

Reporting to the Portfolio Manager, the Associate/Senior Associate will play a key role in the management of all risk processes, including position-level capture and modelling, risk/exposure assessment, portfolio optimization, and hedging activities.

Role Specific Accountabilities

Risk Management:

• Actively monitor the investment portfolio to identify changing risk profiles and monitor the financial markets for significant events that may impact the risk profile of the investments.
• Apply experience in capital markets, trading strategies, transaction analysis, and risk management best practices to identify gaps and to safeguard CPP assets from undue risk of loss.
• Develop leading-edge risk measures to report significant trends and portfolio characteristics.
• Develop and monitor stress tests relevant to the risk profile of the investment group/department.
• Monitor limits on key risk measures and sensitivities for each investment group/department and ensure they align with the risk-takers view of the portfolio.
• Design and enhance CMF’s suite of analytics and reporting.

Risk System Management:

• Maintain hierarchy of investment programs, benchmarks, and other components (i.e. investment scaling + position normalization) within the risk ecosystem.
• In collaboration with the Technology & Data team, automate and streamline risk production processes to ensure that processes are robust and minimize the time spent by the team on routine activities.
• Ensure the accuracy and completeness of the analytics produced by the current set of risk engines, which include RiskMetrics, HedgePlatform and Barra models.
• Continuously vet and improve risk modelling of investments across the entire CMF portfolio.

Position Requirements

• Undergraduate or graduate degree(s) in fields preferably related to Business, Mathematical Finance, Economics, Statistics, Mathematics, or Engineering.
• Industry certifications, such as a CFA, CAIA, or FRM, are a plus.
• 5+ years of relevant work experience in financial markets. Hedge fund industry experience is preferred.
• Preference given to those with risk management or risk-taking experience on a trading desk, at a hedge fund, or at a buy-side organization.
• Familiarity with a wide range of asset classes and hedge fund trading and investment strategies is a strong positive.
• In-depth knowledge of the major industry standard risk engines, such as Risk Metrics and Barra.
• Detail oriented with excellent verbal and written communication skills and the ability to present ideas to all levels of the organization in a clear, concise and compelling manner.
• Flexibility, adaptability, and initiative. Candidate needs to be resourceful and able to manage multiple priorities.
• A track record of meeting deadlines with the ability to work well under pressure.
• Conduct consistent with our Guiding Principles of Integrity, Partnership, and High Performance.

Qualifications

If you possess the following, we’d like to hear from you:

• 5-7+ years of relevant work experience in portfolio or risk management
• Undergraduate or graduate degree(s) in fields preferably related to Business, Mathematical Finance, Economics, Statistics, Mathematics, or Engineering.
• High levels of academic performance and exhibit intellectual curiosity
• Industry certifications, such as a CFA, CAIA, or FRM, are a plus.
• Familiarity with a wide range of asset classes and hedge fund trading and investment strategies is a strong positive.
• Experience with risk models (e.g., MSCI RiskMetrics, Barra)
• Proficient in MS Excel/VBA. Programming knowledge in Python or other high-level languages is a plus.
• Strong interpersonal and relationship building skills both within a team as well as across different groups in an organization
• Solid verbal and written communication skills
• Flexibility, adaptability, and initiative. Candidate needs to be resourceful and able to manage multiple priorities.
• Exhibit strong attention to detail and accuracy while meeting deadlines and working under pressure
• Exemplifies our Guiding Principles of Integrity, Partnership and High Performance

Additional Information

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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.

Mandatory Vaccine Policy

All employees in the Toronto, New York, San Francisco, Mumbai, Sydney, and Sao Paulo offices will be required to be vaccinated against COVID-19. Accommodations to this policy will be made for medical or other protected grounds. Please contact us to discuss any accommodation needs.

Company: CPP Investments

Expected salary: $120000 – 180000 per year

Location: Toronto, ON

Job date: Thu, 06 Jan 2022 23:20:11 GMT

Job Source: Careerjet.ca

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