The Investment Associate, 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 for various private assets invested by OTPP’s private programs in Equities, Real Estate, Infrastructure, Natural Resources, and Teachers’ Venture Growth. We are looking to add a creative and lateral thinker to supplement our activities and provide value-add to the Private Models team and the OTPP Board.
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.
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.
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.
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
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.
Successful completion of the FRM and CFA designation is an asset.
What we’re offering
Pay-for-performance with base salary and annual incentive based on individual and enterprise performance. The Base Salary range for this level is as follows: $105,000 - $155,000. Individual compensation and placement of this role in the range is based on different factors unique to each candidate, including but not limited to relevant experience, skills, demonstrated competencies, and internal equity as they relate to the role.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 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.
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