City : Montreal, Quebec

Category : Portfolio Management

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 THE TEAM

The Beta Management, Equity Beta and Market Access team is part of the Total Fund Management division. This group ensures Beta delivery for PSP, with the primary aim of minimizing deviations from PSP's benchmarks. In addition, the group ensures that it maximizes the value of its assets through Beta optimization and equity financing transactions, as well as optimizing the external lending and borrowing of its securities. The incumbent will mainly contribute to the optimization of PSP's equity beta portfolio.

ABOUT YOUR ROLE

As an Associate, Equity Replication and Balance-Sheet Activities, you’ll:                                                                   

• Provide insights to Beta portfolio construction by incorporating internal and external quantitative strategies

• Contribute to the strategies of Beta enhanced portfolios and balance sheet

• Actively engage in diverse strategies to improve PSP's beta portfolios

• Back-testing on internal and external quantitative strategies

• Research and develop quantitative and systematic investment strategies

• Collaborate with other PSP groups on quantitative solutions

• Learn the processes of equity index management and currency hedging

• Assist in projects aimed at enhancing team performance and efficiency

• Support PSP’s portfolio construction team and dynamic asset allocation team

• Develop market intelligence to help portfolio managers optimize their exposure

WHAT YOU’LL NEED

• Bachelor’s degree in business, Finance, Mathematics, or related fields; Graduate degree or MBA, an asset

• Professional designation such as CFA considered an asset

• Minimum of five (5) years of work experience in public equity portfolios or any other combination of relevant education and experience

• Advanced knowledge of mathematics

• Proficiency in statistical analysis and data modelling

• Good knowledge of derivatives and derivatives trading

• Strong programming skills, particularly in languages such as Python

• High level of proficiency with Microsoft Office Tools (more specifically Excel, Word and PowerPoint) and with financial analytical tools such as Bloomberg

• Demonstrated team spirit, eager to work in a high-performance culture and willing to learn from experienced team members

• Bilingualism required (fluency in French and English, spoken and written) *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/

Follow us on LinkedIn