Associate/Manager, Investment Risk, Public Markets Portfolio

at  CPP Investments

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 flexible/hybrid work environment combining in office collaboration and remote working
• 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

The successful candidate will support the independent risk assessment and management framework for CPP Investments’ Public Markets Portfolio. As a member of the Investment Risk group, the Associate/Manager, Investment Risk will help drive the identification, assessment and monitoring of all investment risks associated with investments within our Capital Markets & Factor Investing (CMF) business and contribute to our risk management and oversight processes. This role will have multi-dimensional responsibility for risk assessment and management associated with CPP Investments’ Public Market investments, with a focus on capital markets products spanning Equities, Interest Rates, Currencies, Credit and includes both linear and non-linear derivative products. Primary responsibilities include:

• Actively monitors select CMF Portfolios to identify changing risk profiles and monitor the financial markets for significant events that may impact the risk profile of the investments.
• Assist in the preparation of independent risk assessments on Public Market strategies and provide unique quantitative as well as qualitative insights to the Business as well as Management.
• Perform Risk Due Diligence as part of External Manager onboarding focusing on Investment Risk governance and opining and challenging effectiveness. Process will inform a Manager rating used for risk oversight. Additionally, the individual will use this work to risk assess modelling adjustments, ensure appropriate estimation of the risk is included within the RiskMetrics and internal risk systems.
• Ongoing oversight of the External Manager program including providing insights on risk profile changes on a daily, monthly, and quarterly frequency. As part of this oversight, the incumbent will also participate in quarterly updates alongside the Business.
• Support continued development of portfolio-level analytics, including the identification and monitoring of key risk indicators for the various CMF strategies, working collaboratively across the Risk Department, CMF, TFM and other stakeholders.
• Monitor the risk profile through a combination of measures and monitoring procedures:
• Leads the analysis of emerging risks, advises the quantitative analysis group on model specification where appropriate.
• Develops and monitors stress and scenario tests relevant to the risk profile of CMF and at the desk level with significant consideration given to economic and geopolitical events.
• Prepares detailed analysis of current and proposed market, traded credit and liquidity risks within an investment department portfolio to senior management, and to relevant Investment Committees.

EDUCATION AND EXPERIENCE:

• Undergraduate or graduate degree in engineering, physics, economics, or mathematics preferred. Candidate should have a strong quantitative background.
• CFA designation would be beneficial combined with significant investment management experience at a financial institution.
• A minimum of 5-10 years’ relevant professional experience in public market investments, across bank hedge or pension fund from either a risk oversight or front-line risk management role.
• Comfort working with quantitative approaches to measure public markets risk.
• Experience with factor modeling such as Barra One would be beneficial.
• Significant experience with derivative transactions in equities, fixed income, corporate credit, foreign exchange, and highly structured transactions.
• Ability to assess internal controls and identify operational risk gaps in investment activities.
• Ability to apply advanced business development logic to complex business issues and contribute to the development of new ideas and methods.

OTHER INTERPERSONAL SKILLS AND CAPABILITIES:

• Demonstrated strong interpersonal skills with the ability to work effectively with senior management, team members and other internal/external colleagues.
• Proven influencing, negotiating and persuasive skills.
• Must be flexible, adaptable and take initiative.
• Sound judgment, decisive with an ability to prioritize competing demands.
• Professional team player who thrives in a dynamic environment applying a One Fund mindset to collaboration across the Fund.
• Logical, analytical, and practical problem solver
• Exemplifies our Guiding Principles of integrity, high performance, and partnership.
  Additional Information
  Visit our LinkedIn Career Page or Follow us on LinkedIn. #LI-AF1
  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.

• Actively monitors select CMF Portfolios to identify changing risk profiles and monitor the financial markets for significant events that may impact the risk profile of the investments.
• Assist in the preparation of independent risk assessments on Public Market strategies and provide unique quantitative as well as qualitative insights to the Business as well as Management.
• Perform Risk Due Diligence as part of External Manager onboarding focusing on Investment Risk governance and opining and challenging effectiveness. Process will inform a Manager rating used for risk oversight. Additionally, the individual will use this work to risk assess modelling adjustments, ensure appropriate estimation of the risk is included within the RiskMetrics and internal risk systems.
• Ongoing oversight of the External Manager program including providing insights on risk profile changes on a daily, monthly, and quarterly frequency. As part of this oversight, the incumbent will also participate in quarterly updates alongside the Business.
• Support continued development of portfolio-level analytics, including the identification and monitoring of key risk indicators for the various CMF strategies, working collaboratively across the Risk Department, CMF, TFM and other stakeholders.
• Monitor the risk profile through a combination of measures and monitoring procedures:
• Leads the analysis of emerging risks, advises the quantitative analysis group on model specification where appropriate.
• Develops and monitors stress and scenario tests relevant to the risk profile of CMF and at the desk level with significant consideration given to economic and geopolitical events.
• Prepares detailed analysis of current and proposed market, traded credit and liquidity risks within an investment department portfolio to senior management, and to relevant Investment Committees