Associate – Portfolio Management 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 18 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.

The Total Portfolio Management Department

The Total Portfolio Management (“TPM”) department is building the capabilities to enable a consistent framework for managing a broad range of risks across the entire fund. These capabilities will further enhance the top-down component of our Total Portfolio Approach - specifically the efficient allocation of systematic risks (including alternative beta, liquidity, and credit risk) as well as active risk generated by the investment departments. Additionally, the department leads the design of the CPP Reference Portfolio, risk budgeting for the total active portfolio and evaluates the risk-return properties of investment strategies and emerging opportunities in the context of the total portfolio. TPM consists of four groups: Portfolio Management, Investment Research, Quantitative Research, and Economic Research Services.

The Portfolio Management Group
The Portfolio Management (“PM”) group advises and manages on behalf of the IPC, the systematic risk and allocation of active risk across the total portfolio. The active risk position constantly evolves as assets are acquired/divested, strategies are refined, and economic conditions and markets change. Using a suite of quantitative tools and qualitative perspectives, the PM group optimizes the active risk position in the face of these changes. The PM group also ensures that aggregate portfolio risk exposures are consistent with the fund’s return expectations and risk preferences and manages significant active risk exposures for the Investment Planning Committee. By helping build and implement a fund-wide risk/return framework, the PM Group aligns key decisions with superior fund performance.

Role Summary

The Associate, Portfolio Management will support portfolio construction, risk budgeting, and liquidity planning efforts for a diverse $150B+ active portfolio of public, private, and alternative strategies.

Role-Specific Accountabilities

• Help develop and implement risk budgeting for a broad portfolio of public, private, and alternative active strategies

• Help develop and implement a liquidity planning framework

• Help develop and implement a portfolio construction approach that incorporates multiple objective functions, optimization approaches, and risk factor exposures

• Help manage the annual risk budgeting and liquidity planning processes, including data collection, modeling, analysis, and communication

• Develop portfolio construction and risk budgeting presentations for senior audiences

• Other duties as required

Skills/Knowledge/Competencies/Capabilities

• 3 to 7 years’ experience constructing portfolios, developing active strategies, and allocating active risk using risk-based, quantitative techniques.

• Ability to translate and apply liquid-asset portfolio construction techniques to a large, varied portfolio of public, private, and alternative assets

• Strong interpersonal skills with demonstrated verbal and written communication skills, emphasizing the ability to communicate complex subjects to a less technical audience • University degree in a highly quantitative field (e.g. applied mathematics, financial economics, physics, finance). Graduate degrees preferred. • Strong programming skills (e.g. Matlab, C++) • Proven ability to perform effectively in a team-oriented environment

• Takes initiative and thinks creatively in researching, analyzing, and implementing investment strategies with moderate supervision

• Openness to new challenges, ideas, approaches and environments

If you are looking for an exciting opportunity and to build a career in an innovative and dynamic investment organization, please submit your resume online at:

http://cppib.talcura.com/candidates/SearchJobResults01.aspx?en=1JobCode=P02264

We thank all applicants for their interest, however only candidates

 selected for an interview will be contacted.

CPP Investment Board is an Equal Opportunity Employer.