Investment Associate, Risk - Models (18-months contract)

Ontario Teachers' Pension Plan • Toronto, ON

1d • CA$105,000 - CA$155,000 • Hybrid

About The Position

The Investment Associate (18-month contract), Investment Risk, Private Models is responsible for a variety of research and development activities primarily for the purpose of developing and distributing production grade risk models and analytical tools for various private assets invested by OTPP’s private programs in Equities, Real Estate, Infrastructure, Natural Resources, and Teachers’ Venture Growth. The role will support ongoing research and enhancement of risk models for private investments, while providing opportunities to collaborate with the broader modelling team on modelling initiatives across a wider range of investments and products.

Reporting to the Director, you will work with dedicated team members to measure and report the market and credit risks of our private holdings in Equities, Real Estate, Infrastructure, Natural Resources, and Teachers’ Venture Growth. We model, monitor, and report investment risks for private assets of over $140 billion.

Working in the Private Models team is an exciting opportunity that is challenging and complex, requiring a high degree of ingenuity, perseverance and commitment to excellence. Members of the team are supported by senior team members to develop their skills and knowledge, but high levels of initiative and creativity are expected.

The risk models developed impact the Plan’s investment decision-making, performance and risk measurement. Models are reviewed by senior team members and then validated by the Model Validation Group.

Requirements

• Masters’ degree in a quantitative discipline (MMF, MFE, Computational Finance, MQF) in addition to an undergraduate degree in a related field.
• Min. 2 years’ experience in quantitative finance and/or risk management.
• Expert proficiency in MS Office applications (with emphasis on Excel).
• Strong conceptual thinker and problem solver, ability to research and test out new ideas/concepts to bridge the gap between theory and practice.
• Excellent interpersonal, communication, and teamwork skills.
• Attention to detail and precision is critical.

Nice To Haves

• Knowledge/experience in private assets risk modeling (or related) is an asset.
• Strong programming skills in SQL/MATLAB/VBA a definite asset.
• Knowledge/experience in AI applications (ChatGPT, Copilot, Claude) is an asset
• Successful completion of the FRM and CFA designation is an asset.

Responsibilities

• Research and develop risk models for various private asset classes and individual investments in private markets.
• Contribute to the creation, maintenance and improvement of existing asset-specific risk models, including (but not limited to) market and credit risk.
• Write detailed documentation of methodology, validation testing and data specifications used by model.
• Work with BA, IT, Data Management, Risk Analytics and the Model Validation Group to ensure model integration and validation are completed in a timely manner.
• Conduct model recalibration on an annual basis to keep the models up-to-date.
• Conduct risk assessment and provide risk insights for sizable potential new private deals for deal teams to present to Investment Committee on a bi-weekly basis.
• Work cross-functionally with other teams and departments to develop models/tools used for investment decision-making. This includes supporting and sharing knowledge within Investment Risk and responding to ad hoc requests from investment departments.
• Proactively explores opportunities to leverage AI and emerging technologies to enhance modelling capabilities, improve efficiency and generate deeper insights.

Benefits

• Competitive compensation
• Numerous opportunities for professional growth and development
• A flexible work environment combining in office collaboration and remote working
• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year
• Employee discount programs including Edvantage and Perkopolis
• Diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level