Advisor/Senior Advisor, Economics, Dynamic Asset Allocation and Currency Management

PSP Investments; Montreal; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking an Advisor/Senior Advisor to join their Dynamic Asset Allocation and Currency Management team. This pivotal role involves shaping investment strategies across public and private asset markets, leveraging economic expertise to guide asset allocation and currency management decisions. The successful candidate will collaborate with various teams, contribute to economic research, and enhance analytical tools. This forward-thinking organization values diversity and offers a supportive work environment, competitive benefits, and opportunities for career development. If you are passionate about economics and investment, this role is an exciting opportunity to make a significant impact.

Benefits

Career Development Investment

Comprehensive Group Insurance Plans

Competitive Pension Plans

Unlimited Virtual Healthcare Services

Gender-Inclusive Paid Family Leave

Personalized Family-Building Support

Vacation Days on Day One

Summer Friday Afternoons Off

Hybrid Work Model

Qualifications

• 5+ years of experience in economic and econometric analysis.
• Proficiency in econometric modeling and data analysis.

Responsibilities

• Establish economic scenarios for Capital Market Assumptions.
• Develop analytical tools and econometric models for market analysis.

Skills

Economic Analysis

Econometric Modeling

Data Analysis

Communication Skills

Collaboration Skills

Adaptability

Education

Master’s or Ph.D. in Economics

Tools

Eviews

Python

R

Microsoft Office Suite

Bloomberg

Haver

Datastream

Job description

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

Sitting within the Chief Investment Office (CIO) group of one of the largest pension funds in Canada, the Dynamic Asset Allocation and Currency Management (DAACM) team leads the dynamic asset allocation and currency management of PSP overall portfolio (the Total Fund). The team is in charge of managing rebalancing activities, for asset classes and currencies, to ensure that the Total Fund exposure is aligned with desired targets.

ABOUT YOUR ROLE

As an Advisor/Senior Advisor in the DAACM team, you will play a pivotal role in shaping our investment strategies across both public and private asset markets. Your economic expertise will help guide key asset allocation and currency management decisions, ensuring that our investment strategy is aligned both with our desired targets as well as economic and financial trends and forecasts.

Your main responsibilities include:

• Establish the economic and financial scenarios used as inputs in our Capital Market Assumptions (CMAs) and various stress tests
• Develop and improve on in-house analytical tools and econometric models key to the analysis of economic conditions and financial markets
• Actively contribute to the economic research agenda, including the economic assessment of various countries/regions, sectors, and global financial markets
• Collaborate closely with other CIO teams and contribute to recommendations to support strategic and dynamic asset allocation, as well as currency hedging decisions
• Answer to requests from the CIO, Board of Directors, and Senior Management, and provide deal-specific macroeconomic assistance to investment teams
• Stay informed about economic and econometric analysis best practices and perform quality research aimed at identifying opportunities to enhance PSP returns

WHAT YOU’LL NEED

• Advanced degree (Master’s or Ph.D.) in Economics, Finance, or a related field
• Minimum of five (5) years of experience with economic and econometric analysis in the investment or policy-making sectors
• Strong understanding of global macroeconomic trends and their impact on financial markets
• Advanced quantitative and data analysis, with proficiency in econometric modeling, estimation, and forecasting
• Ability to communicate complex economic concepts clearly and concisely to non-specialists
• Strong collaborative skills and the ability to work effectively within and across different teams
• Flexibility to adapt to changing investment conditions and organizational needs
• Proficiency with econometric packages (Eviews, Python, R, etc.), Microsoft Office suite, and financial market databases (Bloomberg, Haver, Datastream, etc.)
• Bilingualism: English and French (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
• A personalized family-building support, from pre-pregnancy to menopause, with available financial assistance
• 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.

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