Analyst, Portfolio Implementation at CPP Investments

Toronto, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

15 Jan, 26

Salary

0.0

Posted On

17 Oct, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Python, SQL, Excel, VBA, Data Science, Portfolio Management, Trading, Quantitative Strategies, Optimization, Risk Models, Analytical Tools, Attention to Detail, High Quality Work, Prioritization, Collaboration

Industry

Financial Services

Description

Company Description 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. Job Description Role Summary Reporting to the Portfolio Manager, the Analyst will play a key role in the Portfolio Implementation team within the Portfolio Construction group. You will provide oversight and rebalance AE’s Hedge Overlay portfolios, our Enhanced Beta program and other P&L-generating portfolios. This role is ideal for a top performer passionate about quantitative portfolio management, alpha generation and equity markets. Team Summary Our Active Equities mandate is to deliver alpha in the global public equity markets. The department leverages CPP Investments structural competitive advantages and Active Equities sources of edge to exploit alpha opportunities through proprietary company specific fundamental research. Our fundamental insights yield a collection of high-conviction, single-company investments that are assembled into a highly concentrated long/short, market-neutral portfolio via an optimization process that aims to remove unintended factor exposures. The result is a portfolio with maximum exposure to our proprietary research and little else. The Portfolio Construction group systematically implements fundamental insights into an optimal portfolio, ensuring the value of AE’s fundamental research is fully harnessed. We use outputs from AE’s Security Selection group to construct, optimize and manage portfolios. Our group translates fundamental insights into alpha signals that drive position selection, sizing, risk exposures and implementation—without bias. The Portfolio Implementation team is primarily responsible for designing and implementing quantitative hedging strategies, portfolio construction and active risk management. We oversee and rebalance AE’s Hedge Overlay portfolios, our Enhanced Beta program and other P&L-generating portfolios. Accountabilities Perform daily portfolio management activities, including monitoring and managing the exposure and risk profile of AE portfolios Develop rebalancing proposals for the Portfolio Manager and Managing Director Submit trades for execution; partner with traders on execution strategies and transaction cost analysis Stay up-to-date with the equity markets and macroeconomic trends, assessing the impact to our portfolios Partner with AE’s Security Selection and Global Best Ideas teams to develop hedging strategies for high-conviction investments Assist with developing a systematic portfolio optimization process Contribute to portfolio construction initiatives, e.g. assess macroeconomic and other risks not captured by traditional risk models; evaluate new risk models and optimizers Work with AE’s Investment Engineering & Analytics team to enhance our analytical tools Collaborate with others across the Fund, including: Trading; Beta, Collateral & Liquidity Management (BCLM); Office of the Chief Investment Officer (OCIO); Investment Risk Résumé du rôle Relevant du gestionnaire de portefeuille, l’analyste jouera un rôle clé au sein de l’équipe Portfolio Implementation du groupe Portfolio Construction. Vous assurerez la supervision et le rééquilibrage des portefeuilles Hedge Overlay d’AE, du programme Enhanced Beta et d’autres portefeuilles générant des profits et pertes. Ce rôle convient parfaitement à une personne performante passionnée par la gestion de portefeuille quantitative, la génération d’alpha et les marchés boursiers. Résumé de l’équipe Le mandat d’Active Equities (AE) est de générer de l’alpha sur les marchés publics mondiaux. Le département exploite les avantages structurels de CPP Investments et les leviers d’AE pour identifier des opportunités d’alpha grâce à une recherche fondamentale propriétaire ciblée sur des entreprises spécifiques. Ces analyses fondamentales aboutissent à une collection d’investissements à forte conviction, concentrés sur des entreprises individuelles, assemblés dans un portefeuille long/court, neutre au marché, via un processus d’optimisation visant à éliminer les expositions involontaires aux facteurs. Le résultat est un portefeuille avec une exposition maximale à notre recherche propriétaire et minimale à tout autre facteur. Le groupe Portfolio Construction met systématiquement en œuvre les analyses fondamentales dans un portefeuille optimal, assurant que la valeur de la recherche fondamentale d’AE est pleinement exploitée. Nous utilisons les résultats du groupe Security Selection d’AE pour construire, optimiser et gérer les portefeuilles. Notre groupe traduit les analyses fondamentales en signaux alpha qui guident la sélection des positions, leur taille, les expositions au risque et la mise en œuvre — sans biais. L’équipe Portfolio Implementation est principalement responsable de la conception et de la mise en œuvre de stratégies de couverture quantitatives, de la construction de portefeuille et de la gestion active des risques. Nous supervisons et rééquilibrons les portefeuilles Hedge Overlay d’AE, le programme Enhanced Beta et d’autres portefeuilles générant des profits et pertes. Responsabilités Effectuer les activités quotidiennes de gestion de portefeuille, y compris la surveillance et la gestion du profil d’exposition et de risque des portefeuilles AE Élaborer des propositions de rééquilibrage pour le gestionnaire de portefeuille et le directeur général Soumettre les ordres de transaction; collaborer avec les traders sur les stratégies d’exécution et l’analyse des coûts de transaction Se tenir informé des marchés boursiers et des tendances macroéconomiques, en évaluant leur impact sur nos portefeuilles Collaborer avec les équipes Security Selection et Global Best Ideas d’AE pour développer des stratégies de couverture pour les investissements à forte conviction Contribuer au développement d’un processus systématique d’optimisation de portefeuille Participer aux initiatives de construction de portefeuille, par exemple : évaluer les risques macroéconomiques et autres non capturés par les modèles de risque traditionnels; évaluer de nouveaux modèles de risque et optimisateurs Travailler avec l’équipe Investment Engineering & Analytics d’AE pour améliorer nos outils analytiques Collaborer avec d’autres équipes du Fonds, notamment : Trading, Beta, Collateral & Liquidity Management (BCLM), Office of the Chief Investment Officer (OCIO), Investment Risk Qualifications Undergraduate or graduate degree in a relevant field, e.g. economics, finance, data science, engineering, math Up to 3 years of experience in portfolio management, trading or a related field Required core technical skills: Python, SQL, Excel, VBA Advanced technical skills considered an asset: interacting with large datasets (e.g. processing frameworks such as PySpark) Experience developing any of the following is preferred: small-scale applications, analytical tools, data-driven processes Highly detail-oriented with an ability to produce high quality work Ability to prioritize and simultaneously manage multiple responsibilities Experience with any of the following is an asset: quantitative equity strategies, optimization, factor models Candidates must exemplify CPP Investments’ guiding principles of high performance, integrity, and partnership Qualifications Diplôme de premier ou deuxième cycle dans un domaine pertinent, par exemple : économie, finance, science des données, ingénierie, mathématiques Jusqu’à 3 ans d’expérience en gestion de portefeuille, en négociation ou dans un domaine connexe Compétences techniques de base requises : Python, SQL, Excel, VBA Compétences techniques avancées considérées comme un atout : interaction avec de grands ensembles de données (ex. : cadres de traitement comme PySpark) Expérience souhaitée dans le développement de l’un des éléments suivants : applications à petite échelle, outils analytiques, processus axés sur les données Grande attention aux détails et capacité à produire un travail de haute qualité Capacité à prioriser et à gérer simultanément plusieurs responsabilités Expérience avec l’un des éléments suivants considérée comme un atout : stratégies quantitatives en actions, optimisation, modèles factoriels Les candidats doivent incarner les principes directeurs de CPP Investments : performance élevée, intégrité et partenariat Additional Information Visit our LinkedIn Career Page or Follow us on LinkedIn. #LI-AS1 #LI-Onsite 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.

Responsibilities

The Analyst will perform daily portfolio management activities, including monitoring and managing the exposure and risk profile of Active Equities portfolios. They will also develop rebalancing proposals and collaborate with various teams to enhance portfolio construction and risk management strategies.