Senior Associate, Beta Allocation

CPP Investments | Investissements RPC•Toronto, ON

7d•Onsite

About The Position

As part of TFM’s evolving strategy to optimize total portfolio implementation, we are seeking a Senior Associate to join the Beta Allocation team, in the Beta, Collateral & Liquidity Management (BCLM) group, to help build and execute the External Beta program. This is a unique opportunity to be at the forefront of shaping how CPP Investments partners with high-quality external managers to deliver scalable beta exposure to markets where internal capabilities are either developing or less scalable. This role is ideal for someone who thrives at the intersection of execution and thought leadership and is eager to contribute to a new and high-priority strategic initiative.

Requirements

Undergraduate degree in Engineering, Computer Science, Mathematics, Finance or another quantitative field.
5–10 years of experience in investment management, manager research, portfolio implementation, or a related field.
Strong understanding of public markets and portfolio construction concepts; comfort with alpha/beta separation and risk-adjusted performance frameworks.
Highly organized and execution-oriented with the ability to manage multiple priorities across functions.
Demonstrated ability to collaborate across investment, operational, and risk functions.
Self-starter mindset with the ability to operate with ambiguity while shaping a new business model.
Strong communication skills, both written and verbal, with the ability to synthesize and present recommendations to senior stakeholders.

Nice To Haves

An advanced degree in a technical or business discipline (MBA) or certification (CFA) is an asset.
Prior experience with external manager due diligence is a strong asset.
Willingness to travel.

Responsibilities

Lead execution efforts on manager underwriting, due diligence, and onboarding for the External Beta pilot program.
Partner with CMF on manager selection, term negotiation, mandate structuring, and operational onboarding.
Apply the allocation and evaluation framework, including return, liquidity, scalability, and cost-efficiency assessments to inform implementation choice.
Collaborate closely with the rest of TFM by bringing market experience and insights that are relevant to the broader objectives of the group.
Coordinate and manage internal workflows across Risk, Legal, Operations, Finance, and OCIO to ensure effective governance, reporting, and integration into TFM systems.
Assess investment opportunities taking into account liquidity impact, leverage cost optimization, active risk utilization, operational efficiency and scalability.
Contribute to strategy development through research, peer landscape reviews, and recommendations for future market/geography expansion.
Support the refinement of the total fund beta delivery allocation framework, including collaboration with IDs on the evolution of internal enhanced beta programs.
Design and implement tools and processes to support performance attribution, transparency, and monitoring in collaboration with CMF and internal stakeholders, with a focus on measuring and monitoring both manager level and total fund exposures and risk through the Balancing Portfolio.
Mentor and develop junior colleagues.