Analyst, Global Corporate Securities – PMI recruitment
The CPP Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, the CPP Investment Board invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London and Hong Kong, the CPP Investment Board is governed and managed independently of the Canada Pension Plan and at arm's length from governments. For more information about the CPP Investment Board, please visit www.cppib.ca.
Role Summary
We are presently recruiting for an Analyst, Global Corporate Securities (“GCS”) in the Public Market Investments department. The investment mandate of GCS is to construct a long/short global equity portfolio, recognizing established portfolio construction principles, which incorporates both fundamental and quantitative insights.
The Analyst will be responsible for conducting research and evaluating global opportunities with a focus on special situations such as Initial Public Offerings (IPOs), secondary offerings, significant corporate events, merger risk arbitrage and other strategies. The Analyst will assist in the construction of appropriate hedge baskets, calculate portfolio performance and risk measures, monitor margin and loan commitments, liaise with the CPPIB’s trading desk and Fundamental Research teams, and help foster and drive relationships with the broker/dealer community.
Role Specific Accountabilities
•Assisting the Senior Portfolio Manager in the development, implementation, and monitoring of
alpha-generating, special situation investment strategies
•Participation in meetings with the management of public (or soon to be public) corporations
and sell-side analysts to learn about business models across a range of sectors and geographies
•Development of company valuation models (comparables analysis, DCF, prior transactions)
•Working closely with the equity trading and Fundamental Research teams to leverage market
and industry knowledge
•Communicating daily with sell-side sales/trading/syndication/special situations contacts to
gather market intelligence and new idea generation
•Calculating daily PL, risk and other metrics - reconciling with the various Core Services
departments
•Development of investment hedge baskets - whether they be physical equities, index futures or
swap baskets to neutralize market beta
•Identify and research new investment opportunities
If you possess the following, we’d like to hear from you:
•1- 3 years of experience in detailed company valuation techniques (DCF, comparables analysis)
•across a number of industries, across a number of geographies
•Strong oral and written communication skills
•Sound knowledge of a range of asset classes (equities, fixed income, derivatives, foreign
exchange)
•CFA or enrolment in the CFA program
•Undergraduate degree in Business, Economics, Mathematics or related field
•Strong mathematical background, financial modeling knowledge, and analytical thinking
•Advanced computer skills – especially with MS Excel
•High attention to detail
•Ability to prioritize work and manage multiple responsibilities simultaneously
•Demonstrated good judgment, professionalism and integrity
•Proven ability to work independently as well as to perform effectively in a team oriented
environment
•Ability to work and learn quickly in a high performing culture, under pressure and with time
sensitive deadlines
•Self-motivated, flexible and adaptable
•Conduct consistent with our Guiding Principles of Integrity, Partnership and High Performance