Intern, Quantitative Research & Risk

Picton Mahoney Asset Management•Toronto, ON

9d•CA$25 - CA$38•Hybrid

About The Position

At Picton Mahoney Asset Management (PICTON Investments), being alternative isn’t just what we do—it’s who we are. Founded by industry pioneer David Picton, we’ve spent 20 years challenging conventional wisdom and redefining the investing landscape. As one of Canada’s most trusted investment brands, we are proudly independent—privately run, 100% employee-owned, and deeply committed to delivering results for our clients. Thinking Alternatively is in Our DNA. With a team of 223 bold thinkers—one-third dedicated solely to investment management—we are specialists, not generalists. Managing $18.6 billion (May 31, 2026) for institutional and retail clients, we navigate markets with conviction, resilience, and a forward-thinking approach. We’re more than investors — we’re innovators. We challenge traditional investment mindsets, constantly pushing the boundaries to achieve our mission: To bring greater certainty to investors. Our success is built on four guiding principles: Treat investors’ money like our own. Redefine the way investors invest. Be human—always approachable. Succeed together, one investment at a time. These aren’t just words—they define how we think, how we invest, and how we work. Now, we’re entering our next chapter. We’re transforming our brand and reshaping the way the world invests. If you think alternatively, embrace an entrepreneurial spirit, and thrive in a dynamic, bureaucracy-free environment, join us and be part of what’s next. Thriving in Our Entrepreneurial Culture At PICTON Investments, you’ll thrive in our creative and dynamic workplace, where collaboration and support are at the core of everything we do. At our firm, you’ll have the opportunity to take on significant responsibilities, work in a flexible environment, and tackle challenging projects from the outset. Our culture is designed for ambitious professionals who want to make an immediate impact while continuing to push boundaries and achieve our greater mission. You’ll be empowered with a high level of responsibility, trust, and flexibility, providing an exciting and creative space for you to help reshape how the world views alternative investments. With competitive total rewards, performance-based bonuses, and a clear path for career growth, you’ll have everything you need to develop both now and over the longer term. The Opportunity We are currently searching for an Intern, Quantitative Research and Risk to contribute to the success of our Quantitative Research team this Fall, as we continue to grow, we are looking for someone who is naturally curious and motivated by complex challenges, with a sharp analytical mindset. The Quantitative Research Intern will collaborate with internal teams to develop portfolio management models and can identify quantitative opportunities. The expected hourly pay range for this internship position is $25.00 - $38.00. The final compensation offered within this range will be determined based on factors such as relevant education, skills, experience and internal equity.

Requirements

Must be enrolled in an engineering, mathematics, statistics, quantitative finance, computer science, or related discipline with a recognized post-secondary institution
Some programming skills (preferably in R/Python/SQL) required
Confident in ability to work with large and disparate data and communicate complex issues in a clear and concise manner.
Ability to show initiative and composure when navigating tight project timelines.
A strong team player who can collaborate with others or able to work independently
Strong communication skills (written and oral communication) while relaying complex information
Understanding of factor-based investment strategies and alternative risk premia

Nice To Haves

Financial domain knowledge is an asset but not a requirement
Front end programming experience is an asset but not a requirement
Interest in pursuing a CFA Designation is an asset but not required.
Experience with natural language processing (NLP) and Large Language Model (LLMs).

Responsibilities

Support the Analysts and Portfolio Managers within the Quantitative Research Team
Collaborate with the team on research and development of projects related to Quantitative portfolios
Contribute to the design, integration, generation and automation of various reports related to operation and monitoring of Quantitative portfolios
Respond to ad hoc requests from Analysts and Portfolio Managers