City : Montreal, Quebec

Category : Investment Risk - Public Investments

Industry : Financial Services

Employer : PSP Investments

ABOUT US

We’re one of Canada’s largest pension investment managers, with CAD$264.9 billion of net assets as of March 31, 2024.

We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. 

Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.

EXPERIENCE THE EDGE

At PSP, we encourage our employees to grow, forge powerful relationships, contribute and fuel inspired investment launchpads. We are committed to a culture that fosters collaboration and allows us to think beyond, in an interconnected way. We advocate for our employees to speak-up, learn, experiment, share, and be part of an inclusive work environment where diversity is embraced.

ABOUT YOUR ROLE

The Senior Analyst, Market Risk uses his or her expertise to ensure effective and relevant monitoring of the various market risks. He/she aims to provide portfolio managers with quality information necessary for their decision-making on a daily basis by monitoring positions and developing an in-depth knowledge of investment strategies. In addition, they will assist the director with the implementation of appropriate tools for the team and collaborate on the various projects of the team.

• Actively contributes to the development and implementation of the Market Risk Management Framework including the annual review of the risk budget, collaborating with internal teams and external stakeholders to identify and assess potential risks

• Continuously monitor and ensure compliance with the various limits set by the Market Risk Management Framework, ensuring proactive analysis and rapid reaction to detected deviations. Work closely with relevant teams to implement corrective actions and optimize risk management processes

• Actively monitor the various investment strategies in order to identify their main themes and risk factors in connection with financial market events that may impact them

• Provide in-depth analysis of the financial markets and their risk factors in order to link them to the positioning of the different portfolios

• Provide expertise in financial engineering and quantitative research to the various business units on risk modeling and portfolio construction methods

• Ensure accurate and adequate risk modeling of all types of derivatives traded by PSP and its partners

• Participate in the development and automation of new analytical tools to better monitor the risk/return profile of the various portfolios (new metrics and factor approach)

• Ensure the review and optimization of operational processes to allow more flexibility in the development of quantitative analyses necessary for investment decision-making and risk monitoring

• Participate in the identification and development of new risk factor analysis scenarios

• Perform ad hoc analysis for investment groups and management regarding specific investments or during market events

• Keep abreast of best practices in risk management and financial engineering in industry and at the academic level

• Constantly abreast of developments in the financial markets

WHAT YOU’LL NEED

• Master's or PhD degree in financial engineering or a related field

• Professional designation (PRM, FRM, CFA), an asset

• Minimum of five (5) years of experience for the Senior Analyst level or eight (8) years of experience for the Advisor level

• Previous experience in a financial environment

• Strong analytical ability

• Excellent knowledge of risk management and derivatives

• Excellent knowledge of the financial markets

• Ability to work under pressure

• Sense of responsibility and autonomy

• Excellent proficiency with data querying tools such as SQL

• Excellent programming knowledge (Matlab, Python) is an asset

• Knowledge of market risk measurement systems (Riskmetrics) and financial data (Bloomberg) is an asset

• Proficiency in English and French (or willingness to learn) (frequent interactions in English with PSP employees based in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa) 

We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to:

• Investment in career development

• Comprehensive group insurance plans

• Competitive pension plans

• Unlimited access to virtual healthcare services and wellness programs

• Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers

• Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off

• A hybrid work model with a mix of in-office and remote days

*Benefits package may vary based on your employee type.

At PSP, we aim to provide an inclusive workplace where we leverage diversity and where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.

Visit us on www.investpsp.com/en/

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