Director, Structured Credit / Asset-Backed Financing– Capital Markets

Company: Ontario Teachers’ Pension Plan Board

160 Front Street West, Suite 3200

Toronto, Ontario

M5J 0G4

Job Title: Director, Structured Credit / Asset-Backed Financing– , Capital Markets

NOC: 10021– Banking Credit, and Other Investment Managers

Wage: Starting at an annual base salary of $215,000 - $235,000 (37.5 hours per week) - permanent/full-time

Location(s) of work: 160 Front Street West, Suite 3200, Toronto, Ontario, M5J 0G4 Canada

Number of Positions: One (1)

Required Language Skills: English

The Opportunity

We are seeking a seasoned and experienced Portfolio Manager to join our growing Structured Credit team within Ontario Teachers’ Pension Plan (OTPP).

The OTPP Credit team is composed of approximately 45 investment professionals who invest across the full spectrum of credit products and strategies. The team employs a wide range of investment styles and skill sets, including deep fundamental analysis (public and private), enhanced indexing, quantitative strategies, external fund management, and structured credit investing.

As one of the key strategic growth areas within the Credit platform, the Structured Credit team operates under a flexible and value-driven mandate to invest across the capital structure of portfolios backed by various credit assets. Leveraging specialized product knowledge, the team performs fundamental, quantitative, and structural underwriting with the goal of delivering scalable, innovative, and superior risk-adjusted returns for the Fund.

The Structured Credit team manages four main business lines:

• Collateralized Loan Obligations (CLO)
• Significant Risk Transfer (SRT)
• Asset-Backed Financing (ABF)
• Opportunistic Convex Strategies

Reporting to the Head of Structured Credit, the Director will play an integral role in expanding and enhancing OTPP’s capabilities and capacity in the ABF business, while also providing support and cross-coverage to other Structured Credit business lines, such as CLO and SRT.

Key Responsibilities:

• Working closely and collaboratively with the other strategy lead / co-portfolio manager, collectively plan, direct, and oversee the Asset-Backed Financing (ABF) business line to achieve targeted growth and performance.

• Originate, evaluate, and execute differentiated investment opportunities in ABF markets, including mortgages, consumer credit, and other asset-backed instruments.

• Lead end-to-end transaction management, including deal sourcing, underwriting, structuring, negotiation, and closing.

• Develop, enhance and implement investment strategies, policies, processes, and models to strengthen our ABF analytical and underwriting frameworks.

• Monitor and evaluate portfolio performance, ensuring alignment with internal risk management and return expectations.

• Build and strengthen strategic relationships with external partners such as originators, co-investors, and financing providers

• Enhance the organization’s visibility and reputation as a partner of choice within the structured credit market.

• Mentor our junior investment staff, providing guidance, knowledge transfer, and professional development support.

• Provide support and cross coverage to other structured credit business lines such as SRT & CLO, as required.

• Support the Head of Structured Credit on special situation projects or strategic transactions that are multidisciplinary in nature

• Promote a high-performing, inclusive, and collaborative team culture aligned with corporate values and strategic priorities.

Required Skills:

• Senior professional (10+ years of relevant experience), with substantive direct investing and risk-taking experience and expertise in Asset-Backed Financing.
• Deep expertise and specialization in one or more ABF sub-asset classes including residential mortgages (i.e., non-QM, RTL, RPL, 2nd Lien, HELOC), and consumer credit (i.e., credit cards, auto, student, consumer loans).
• Must demonstrate strong quantitative, analytical, and financial modeling skills and a data-driven mindset. Must be able and willing to perform hands-on and in-depth quantitative modeling and data analysis.
• Must have substantial experience and proven ability to manage the full transaction lifecycle, from conducting commercial negotiations, due diligence, to legal documentation and deal closing.
• Experience and expertise in negotiating financing arrangements (such as warehouse financing facilities) and structuring securitizations.
• Collaborative, high-integrity team player with excellent communication skills.

Required Education:

• Undergraduate Degree or Masters Degree in Economics, Commerce, Finance or Business Administration

Benefits:

• Pay for performance environment that offers competitive salary and incentives
• Numerous opportunities for professional growth and development
• Comprehensive employer paid benefits coverage
• Retirement income through a defined benefit pension plan
• Competitive time off
• Discount programs including Edvantage and Perkopolis
• Bonus (Discretionary Pay for Performance)
• Other Benefits (Employee Assistance Program)
• Medical Benefits
• Dental Benefits
• Disability Benefits
• Life Insurance Benefits
• Group Insurance Benefits
• Pension Benefits
• Vision Care Benefits

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!

Please send your resume to the following email address: Job_Application@otpp.com and reference Requisition ID # 6743.

Attention: Eryn O’Shaughnessy

You may be invited to complete a pre-recorded interview as part of the recruitment process. This will take no longer than 10 minutes.

We thank you for applying and look forward to reviewing your application. Note that candidates must be legally entitled to work in the country where this role is located.

Accommodations are available upon request (peopleandculture@otpp.com) 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.

Ontario Teachers’ may use AI-based tools to assist in screening and assessing applicants for this position. These tools may help us identify candidates whose skills and experience align with Ontario Teachers’ objectives by analyzing information provided in resumes and applications. Our use of AI does not replace human decision-making.

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 (peopleandculture@otpp.com) 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.

Ontario Teachers’ may use AI-based tools to assist in screening and assessing applicants for this position. These tools may help us identify candidates whose skills and experience align with Ontario Teachers’ objectives by analyzing information provided in resumes and applications. Our use of AI does not replace human decision-making.

To learn more about how Teachers’ uses AI with your personal information, please visit our Privacy Centre. 

Functional Areas:

Investments

Vacancy:

Current

6743