The role of Manager, Due Diligence is to protect OTPP’s assets and reputation by informing investment decision making through identification of operational and business risks in OTPP’s externally managed investments; and advocating for mitigants to those risks.
This role supports the planning and execution of operational due diligence (ODD) reviews of external managers and key service providers in accordance with the OTPP’s External Manager Due Diligence Policy and requires domestic and international travel, including North America, Europe and Asia.
You will frequently interface with senior management, executives, internal and external stakeholders. The nature of the relationship with these parties requires a high degree of professionalism, diplomacy, influence, and the ability to defend one’s position.
ODD Reviews:
Support senior team members in performing operational risk assessments to be delivered to internal stakeholders including the Director and MD of the Due Diligence & Advisory, as well as the CFO, Investment teams, Legal and other stakeholders as required.
For each external manager, develop an understanding of its internal controls; deal / trade process flows; fund transfer, settlement, custody, and valuation processes; performance and risk measurement activities; regulatory and compliance environment; information technology systems and capabilities, cybersecurity programs, as well as business continuity and disaster recovery procedures.
Stakeholder Engagement:
Provide exceptional service to the Investment departments by proactively addressing concerns / issues and responding to inquiries and requests; and work with various internal departments to ensure the efficient and effective use of resources.
Assist senior team members in developing strong business relationships with internal stakeholders, as well as external partners and advisors to support and deliver upon Teachers’ Investment objectives.
Best Practices:
Support the adoption of best practices within the team’s activities to address emerging risks, new investment strategies, and other material developments (including the review and update of relevant policies and procedures as necessary)
Contribute to team effectiveness by sharing knowledge, supporting colleagues, and maintaining quality standards for ODD deliverables
Represent the Due Diligence group professionally in interactions with internal stakeholders and external partners.
Participate in team planning discussions in establishing performance goals, and provide input on process improvements and resource needs.
Demonstrate OTPP’s values consistently in interactions across all levels of the organization and with external partners.
Demonstrate confidence and sound judgment in determining assertions and recommendations. Balancing competing interests and expectations across departments requires careful evaluation and deliberate consideration. This role supports a critical control point, safeguarding OTPP’s interests and identifying external operational risks that may not be immediately apparent to key decision-makers
Assist in identifying and advocating for solutions to mitigate identified operational and reputational issues both in support of partners and in delivery of risk assessments to Investment stakeholders.
Work with the senior team members to develop solutions to mitigate risk where there may be no precedent internally and little externally. Due to the non-recurring and analytical nature of activities, a high level of constructive thinking and collaboration will be necessary.
Relevant university degree(s) – Finance, Accounting, Commerce
A master’s degree in finance and/or accounting, CPA, CFA, CAIA, or other equivalent designations is an asset
Strong knowledge and understanding of different public and private market investment strategies, public market infrastructure, and supporting operational processes and systems.
Understanding of deal / trade lifecycles (execution, settlement, pricing and valuations, reconciliations, investment reporting, performance measurement, fee and NAV calculation, risk measurement)
Knowledge of best practices related to cybersecurity, technology infrastructure, business continuity, disaster recovery planning.
Knowledge of regulatory environments for investment managers operating in major jurisdictions.
Extensive professional work experience (5+ years) postgraduate.
Direct experience in the alternative investment industry (hedge fund, private equity, venture capital, private credit) an asset (5+ years)
Investment operations, middle office, and/or fund accounting experience in a management role an asset (5+ years).
Strong capability in evaluating and improving internal control processes.
Proficient in preparing formal documentation and presentations, as well as communicating materials to senior management.
Experience with change management, strategic planning, continuous improvement.
Pay-for-performance with base salary and annual incentive based on individual and enterprise performance.
The base salary range for this level is $95,000 - $145,000.
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.
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What we’re offering
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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