Description
Position at Canadian Medical Protective Association
JOIN AN ENERGIZED AND DEDICATED TEAM
The CMPA’s Investment department manages a global portfolio of over CA$6.5 billion deployed across traditional and alternative asset classes with exposures to a broad array of investment solutions and strategies, including a significant allocation to private assets and hedge funds. The department also supports the Investment Committee in determining the strategic asset mix to help the Association (an essential component of the Canadian healthcare system) meet its objectives. The Portfolio is managed from a multi-dimensional risk framework where leverage is used to improve efficiency while respecting CMPA’s risk budget.
The successful candidate will work autonomously within a dynamic and collaborative environment with 20 other high-performing and engaged investment professionals. The successful candidate will have the opportunity to take the initiative and grow professionally.
POSITION OVERVIEW
Reporting to the Senior Portfolio Manager, Public Assets (“SPM”) and as a member of the Investment team, the incumbent will assist with the oversight of the Public Assets portfolio. With strategic guidance from the SPM, the Senior Investment Analyst, Public Assets (the “Senior Investment Analyst”) will lead the quantitative analysis of traditional and alternative mandates and perform quantitative portfolio construction and data analysis. The incumbent will report findings/recommendations to the Public Assets team on subjects such as quarterly manager reporting, portfolio rebalancing, portfolio optimization or other portfolio considerations. The Senior Investment Analyst will be a key contributor to preparing and/or reviewing Public Assets’ reporting. The incumbent will have a proven understanding of various investment strategies and investment instruments, knowledge of external manager oversight and processes, as well as strong analytical capabilities. The incumbent will have a strong and proven quantitative skillset that will be used in helping the Public Assets team qualitatively monitor, evaluate, and assess manager and portfolio specific considerations as well as contribute to documenting portfolio reviews and implementing investment recommendations.
The Senior Investment Analyst will be responsible for executing internal cash management activities, currency hedging, and synthetic beta management.
Under the guidance of the SPM, the incumbent will work on various projects including but not limited to, the identification of new investment opportunities, creating and updating models and spreadsheets, analyzing performance and risk, conducting in-depth due diligence work on new or existing relationships, documenting relationship/mandates updates, and preparing planned and ad hoc reporting and various committee reports. The incumbent will seek ways of proactively optimizing team efficiency and insight sharing.
There may be minimal travel required for this role, including when directed to attend onsite.
POSITION ACTIVITIES
The responsibilities related to this position include:
- Assist with the oversight, on-boarding, termination and documentation of traditional and alternative mandates and maintain a strong understanding of underlying strategies and risks
- Build and maintain models and spreadsheets and perform quantitative analysis of performance and risk at both the manager and overall Public Asset portfolio levels
- Review or lead (as the case may be) the preparation of and evolution of the planned and ad hoc reporting to meet the CMPA’s informational and governance needs and to provide the best possible insights
- Assist in preparing for and participate in manager diligence meetings on existing and potential investments
- Execute cash management, FX hedging and synthetic beta transactions as required
- Recommend any quantitative or qualitative improvements to processes, procedures, and portfolio construction across Public Assets and Total Portfolio
- Research and keep up to date on industry trends or changes and the opportunities that may be created
- Assist SPM in other tasks as needed
EDUCATION AND EXPERIENCE
- Minimum bachelor’s degree, preferably in Business Administration, Finance, Economics or a related field of study; an MBA designation is an asset
- Minimum of 5-8 years of relevant experience, preferably in quantitative analysis and oversight of managers and investment portfolios
- Chartered Financial Analyst (CFA) designation is required; CAIA or other designations are an asset
- Trading experience with Treasury, FX, and Derivative instruments is an asset
- Strong knowledge of traditional and alternative investment strategies and risk management
- Strong interpersonal skills and networking abilities
- Strong quantitative skills
- Strong knowledge and experience with Bloomberg and advanced Excel functionalities are required
- Intellectual curiosity and honesty
- Sound decision-making and use of good judgment; capacity to think out-side the box
- Experience reviewing investment management agreements, offering memorandums, and counterparty documents (ISDA/CSA/GMRA and others) is an asset
SKILLS AND ABILITIES
Teamwork and Communication
The CMPA is an organization that values teamwork as well as information and idea sharing among all team members. As a member of the Investment team, the incumbent will be encouraged to regularly interact within and across teams in order to improve the collective knowledge of all team members. The CMPA is a strong proponent of collaboration to accomplish its goals. The incumbent will communicate effectively and professionally to various audiences, both verbally and in writing.
Analytical and technical skills
Strong analytical and technical skills are very important in order to create an edge for the CMPA in building its portfolio. The incumbent is meant to possess a sound understanding of managers’ strategies, positioning, implementation and decision process as well as portfolio management analytics, performance, and risk measures. Furthermore, the incumbent will support all recommendations by following a consistent documentation process, based on in-depth analytics of the many risk and return drivers of an investment strategy.
Innovative and adaptive
The CMPA encourages continuous learning and is often an early adopter of new methods/approaches. As such, it is imperative that the incumbent possesses strong intellectual curiosity and be open to new ideas and creative thinking. As the investment industry is continually evolving, the incumbent should display agility and an ability to adjust to changing trends.
POSTING DETAILS
- Job Details: Regular full-time
- Salary Range: $112,600 to $150,700 annually - role classified as level 10
- Location: Fully Remote job, working from a home-based office anywhere in the provinces of Ontario and Quebec
- Skills Assessment: selected candidates may be required to complete a skills assessment
- Application Deadline: Friday, July 5, 2024, at 4:00pm EST
The CMPA is an equal opportunity employer and is committed to being responsive to those living with disabilities and strives to prevent and remove barriers to accessibility. The CMPA will provide support and accommodation in its recruitment processes to applicants living with disabilities. If you are invited to participate in an interview and/or skills assessment and have accommodation needs, please let us know.
Equity, diversity, and inclusion (EDI) is a key priority, and we actively strive to build a culture of inclusion where employees can be their authentic selves and are valued for their diverse experiences and perspectives.
We welcome and encourage candidates from diverse backgrounds and a variety of lived experiences to apply.