Posted:
9/3/2024, 11:12:51 AM
Location(s):
Toronto, Ontario, Canada ⋅ Ontario, Canada
Experience Level(s):
Junior ⋅ Mid Level
Field(s):
Finance & Banking
Workplace Type:
Hybrid
Investment Associate, Capital Markets – Credit
Ontario Teachers' Pension Plan (OTPP) is the largest single-profession pension plan in Canada. It was established as an independent organization in 1990, and it has now built an internationally recognized reputation for innovation and leadership in investment management and member services.
With C$255.8 billion in net assets as of June 30, 2024, Ontario Teachers' invests internationally and administers the pensions of 333,000 active and retired teachers in Ontario. OTPP has offices in Toronto, New York, London, Hong Kong, Singapore, Mumbai and San Francisco.
The opportunity
We are looking for an Associate to join our Structured Credit team in Toronto. As an integral member of the team, you are expected to play a key role in evaluating investment opportunities in the Significant Risk Transfer (SRT) business line and contributing to the team’s efforts to grow and manage this important portfolio. In addition, consistent with the team's agile and results-oriented culture, the candidate is also expected to support other structured credit strategies as needed (including but not limited to Asset Backed Finance, CLOs, and other derivative products). Similarly, depending on the profile of the candidate and business needs, you may also be asked to support a different business line within the Structured Credit team.
You will be deeply involved in assessing, underwriting, negotiating and executing transactions across the capital structure alongside Portfolio Managers, monitoring existing portfolio investments and conducting necessary portfolio management related activities (such as hedge rebalancing).
Get the chance to define and differentiate yourself as a structured credit investor and build strategic relationships with banks, best-in-class fund managers, and industry partners.
Who you’ll work with
The Credit team is a diverse group of over forty professionals based in Toronto and London investing across the full spectrum of credit products and a wide variety of investment styles including deep dive fundamental analysis, structured credit, enhanced indexing, quantitative and systematic strategies, and fund investments.
With a broad mandate to invest across the capital structure of structured products, the Structured Credit team has 7 full-time investment professionals specializing in a variety of asset classes including CLOs, SRTs, Asset Backed Finance and structured derivative products. The team utilizes quantitative techniques and specialized product knowledge to perform both fundamental and structural underwriting with the objective to deliver scalable, innovative and superior risk-adjusted returns for the Fund.
What you’ll do
Provide dedicated coverage and support for the relevant business line in Structured Credit
Conduct investment analysis and support the full life cycle of structured credit investments from opportunities screening, initial evaluation, underwriting, diligence to documentation and execution. Develop investment theses and create investment approval materials, including investment memos to be presented to the underwriting committee
Build, maintain and enhance in-house analytical tools, models, frameworks and reports that are critical to the Structured Credit team’s risk deployment capability and capacity
Perform rigorous trade and data analysis, recommend and assist in the optimal implementation of risk deployment
Facilitate coordination of deal related activities throughout the deal life cycle
Build relationships with existing and prospective external and internal partners
Carry out portfolio management responsibilities including performance analytics & attribution, risk monitoring, exposure tracking and rebalancing
Provide support and coverage to adjacent Structured Credit business lines when needed
What you’ll need
Undergraduate degree with excellent academic performance in finance or a related technical discipline (e.g., economics, business, engineering, mathematics), post-graduate degree considered an asset
2-5 years of relevant institutional investment-related work experience (e.g., structuring, securitization, leveraged finance, investment banking, asset management, transaction advisory services)
Highly motivated and a quick learner, outstanding independent problem-solving skills and the ability to manage projects and priorities independently
Strong accountability and excellent organizational skills, with the ability and agility to balance competing priorities and multitask effectively. Thrive and excel in a results-oriented and fast-paced environment
Passion for investing, markets, and portfolio management, with a strong sense and intuition about risk
Good knowledge and understanding of the credit asset class
Experience in relevant deal due diligence, execution and structuring
Excellent communication and presentation skills
Strong analytical skills: willingness and ability to perform hands-on and in-depth quantitative analysis
Proficiency in financial modelling and valuation; programming experience (preferably in Python) considered an asset
Demonstrates professionalism, personal integrity, strong work ethic, and initiative
High commitment to being a team player, with strong interpersonal and relationship-building skills
Ability to perpetuate Teachers’ 3.0 values: Inclusive, Performance-driven, Curious, Agile and Courageous
What we’re offering
Pay-for-performance environment that offers competitive salary and incentive
Numerous opportunities for professional growth and development
Comprehensive employer paid benefits coverage
Retirement income through a defined benefit pension plan
The opportunity to invest back into the fund through our Deferred Incentive Program
A flexible/hybrid work environment combining in office collaboration and remote working
Competitive time off
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
At Ontario Teachers', 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. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.
How to apply
Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.
Accommodations are available upon request ([email protected]) for candidates with a disability taking part in the recruitment process and once hired.
Candidates must be legally entitled to work in the country where this role is located.
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Functional Areas:
Investments
Requisition ID:
Website: https://otpp.com/
Headquarter Location: Toronto, Ontario, Canada
Year Founded: 2019
Industries: Business Development ⋅ Finance ⋅ Financial Services ⋅ Venture Capital