Job 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, Sao 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.

Role Summary

Reporting to the Portfolio Manager, the Analystwill 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 portfoliovia 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

Resume du role

Relevant du gestionnaire de portefeuille, l'analyste jouera un role cle au sein de l'equipe

Portfolio Implementation

du groupe

Portfolio Construction

. Vous assurerez la supervision et le reequilibrage des portefeuilles

Hedge Overlay

d'AE, du programme

Enhanced Beta

et d'autres portefeuilles generant des profits et pertes. Ce role convient parfaitement a une personne performante passionnee par la gestion de portefeuille quantitative, la generation d'alpha et les marches boursiers.

Resume de l'equipe

Le mandat d'Active Equities (AE) est de generer de l'alpha sur les marches publics mondiaux. Le departement exploite les avantages structurels de CPP Investments et les leviers d'AE pour identifier des opportunites d'alpha grace a une recherche fondamentale proprietaire ciblee sur des entreprises specifiques. Ces analyses fondamentales aboutissent a une collection d'investissements a forte conviction, concentres sur des entreprises individuelles, assembles dans un portefeuille long/court, neutre au marche, via un processus d'optimisation visant a eliminer les expositions involontaires aux facteurs. Le resultat est un portefeuille avec une exposition maximale a notre recherche proprietaire et minimale a tout autre facteur.


Le groupe Portfolio Construction met systematiquement en oeuvre les analyses fondamentales dans un portefeuille optimal, assurant que la valeur de la recherche fondamentale d'AE est pleinement exploitee. Nous utilisons les resultats du groupe Security Selection d'AE pour construire, optimiser et gerer les portefeuilles. Notre groupe traduit les analyses fondamentales en signaux alpha qui guident la selection des positions, leur taille, les expositions au risque et la mise en oeuvre -- sans biais.


L'equipe Portfolio Implementation est principalement responsable de la conception et de la mise en oeuvre de strategies de couverture quantitatives, de la construction de portefeuille et de la gestion active des risques. Nous supervisons et reequilibrons les portefeuilles Hedge Overlay d'AE, le programme Enhanced Beta et d'autres portefeuilles generant des profits et pertes.

Responsabilites

Effectuer les activites quotidiennes de gestion de portefeuille, y compris la surveillance et la gestion du profil d'exposition et de risque des portefeuilles AE Elaborer des propositions de reequilibrage pour le gestionnaire de portefeuille et le directeur general Soumettre les ordres de transaction; collaborer avec les traders sur les strategies d'execution et l'analyse des couts de transaction Se tenir informe des marches boursiers et des tendances macroeconomiques, en evaluant leur impact sur nos portefeuilles Collaborer avec les equipes Security Selection et Global Best Ideas d'AE pour developper des strategies de couverture pour les investissements a forte conviction Contribuer au developpement d'un processus systematique d'optimisation de portefeuille Participer aux initiatives de construction de portefeuille, par exemple : evaluer les risques macroeconomiques et autres non captures par les modeles de risque traditionnels; evaluer de nouveaux modeles de risque et optimisateurs Travailler avec l'equipe Investment Engineering & Analytics d'AE pour ameliorer nos outils analytiques Collaborer avec d'autres equipes 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

Diplome de premier ou deuxieme cycle dans un domaine pertinent, par exemple : economie, finance, science des donnees, ingenierie, mathematiques Jusqu'a 3 ans d'experience en gestion de portefeuille, en negociation ou dans un domaine connexe Competences techniques de base requises : Python, SQL, Excel, VBA Competences techniques avancees considerees comme un atout : interaction avec de grands ensembles de donnees (ex. : cadres de traitement comme PySpark) Experience souhaitee dans le developpement de l'un des elements suivants : applications a petite echelle, outils analytiques, processus axes sur les donnees Grande attention aux details et capacite a produire un travail de haute qualite Capacite a prioriser et a gerer simultanement plusieurs responsabilites Experience avec l'un des elements suivants consideree comme un atout : strategies quantitatives en actions, optimisation, modeles factoriels Les candidats doivent incarner les principes directeurs de CPP Investments : performance elevee, integrite et partenariat

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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.