Associate/Manager, Investment Risk, Public Markets Portfolio - Jobs in Toronto

Job Description

Job DescriptionThe 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 Marketsamp; 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.

Key Relationships:

• Members of the Capital Marketsamp; Factor Investing team across all levels.Works closely with the Capital Marketsamp; Factor Investing team through daily risk monitoring and presenting detailed risk analysis regularly.
• External Portfolio Management, Operational Due Diligence, and other stakeholders to onboard investments in new external hedge fund managers and assess their level of market, credit, and liquidity risk controls relative to the type of investment strategies employed.
• Senior management - Integrate Investment Risk early into the investment/transaction decision process, identifying risk management concerns and enable appropriate risk measurement Presents risk analysis to senior management, working groups and committees, respond to risk inquiries.
• Core Risk teams (quantitative analysis, credit risk, policy, and risk measurementamp; reporting) regarding risk issues arising from CMF investments (covering diverse elements such as counterparty credit, transaction bookings, model vetting, inclusion of CMF risk in departmental reporting
• Total Fund Management team to develop and execute risk policies in support of CPP Investments’ investment strategy, whether that be Strategic Alternatives selection, departmental reviews.
• ID Committees, attending and contributing to both verbal and written form as they present portfolio updates, new strategies, key risks etc.