Analyst, External Portfolio Management (12-Month Contract)

CPP Investments; Toronto; On-site; CAD 65,000 - 90,000; Full time

Job summary

CPP Investments is seeking an Analyst in External Portfolio Management (EPM) to contribute to investment analysis, external manager research and portfolio construction across hedge fund strategies. The role offers broad exposure to investment and research, with opportunities to support both Funds Selection and Portfolio Construction & Risk teams.

You will develop quantitative and qualitative analyses, participate in risk management, and contribute to investment discussions within a globally

Qualifications

• Demonstrated analytical and problem-solving skills.
• Interest in learning and contributing perspectives in investment analysis.
• Familiarity with risk and portfolio management concepts is a plus.

Responsibilities

• Monitor and analyze hedge fund investments and EPM portfolio.
• Support due diligence on external investment managers.
• Assist evaluation of co-investment opportunities across asset classes.
• Conduct quantitative and qualitative analyses to support decisions.
• Develop analytical tools for monitoring and risk analysis.
• Prepare investment memos and research materials.

Skills

Quantitative analysis

Critical thinking

Python

VBA

Tableau

Team collaboration

Communication

Education

Undergraduate/advanced degree

Tools

Microsoft Office

risk/portfolio platforms

Job description

Purpose.Performance. People.

Joining CPP Investments means joining one of the world’s most admired and respected institutional investors to drive a single mandate: to deliver strong, sustainable returns for generations of Canadians.

With a long‑term horizon and global reach, we deploy capital at scale across public and private markets. Our size, stability, and disciplined investment philosophy allow us to pursue complex opportunities and build enduring partnerships worldwide.

For our people, this means meaningful work with tangible impact, real opportunity, and collaboration with exceptional colleagues who value partnership and performance. Here,you’llcontribute to outcomes that matter alongside team members committed to excellence and shared success.

The Role

As an Analyst in External Portfolio Management (EPM), you will contribute to investment analysis, external manager research, portfolio construction and risk management across a broad range of hedge fund strategies and co-investment opportunities.

Working as a generalist across EPM, you will have opportunities to support both the Funds Selection and Portfolio Construction & Risk teams. Your assignments will evolve with investment priorities and business needs, providing broad exposure to external manager investing, quantitative and qualitative research, portfolio analysis and strategic initiatives.

The Team

The Capital Markets and Factor Investing (CMF) department invests globally across public equities, fixed income securities, currencies, commodities and derivatives, and manages external investment managers and co-investments in public market securities.

Within CMF, External Portfolio Management (EPM) invests across a broad range of hedge fund strategies and co-investment opportunities and manages these investments within an integrated portfolio. The team combines fundamental and quantitative investment analysis, manager research, portfolio construction and risk management.

Accountabilities

• Monitor and analyze existing hedge fund investments and the broader EPM portfolio, including performance, risk, exposures and portfolio reviews.
• Contribute to due diligence on external investment managers, assessing investment strategies, performance, portfolios, teams and organizations.
• Support the evaluation of co-investment opportunities across public equities, credit, macro and other asset classes.
• Conduct quantitative and qualitative analysis and research to support investment decisions, portfolio construction, risk management and hedging activities.
• Develop and enhance analytical tools and processes supporting investment monitoring, portfolio construction and risk analysis.
• Prepare investment memos, research materials, portfolio reviews and presentations, and contribute to investment and research discussions.
• Support data, technology, operational and strategic initiatives across EPM and CMF, adapting to evolving investment and business priorities.

Qualifications

• An undergraduate or advanced degree, with graduation in April 2026 or later.
• Understanding of public capital markets; experience with alternative investment strategies is an asset.
• Strong qualitative, critical thinking, analytical and problem‑solving skills, with an interest in learning and contributing perspectives.
• Proficiency in Microsoft Office applications, including Word, Excel, Outlook and PowerPoint; experience with Python, VBA, Tableau or similar tools is an asset.
• Strong interpersonal and written and verbal communication skills, with the ability to work collaboratively in a team environment.
• Familiarity with risk and portfolio management platforms is an asset, particularly for work supporting the Portfolio Construction & Risk team.
• Interest in pursuing the CFA or CAIA designation is an asset, along with a commitment to CPP Investments’ principles of integrity, partnership and high performance.

You are motivated to contribute to something larger than yourself, approach complex challenges with rigor, and hold yourself to high standardsin a collaborative, performance‑driven environment.

We provide colleagues with cutting‑edge AI tools, dedicated learning time, and practical support to help them deliver with greater impact.

Inclusion & Accessibility

CPP Investments is committed to equitableaccess to employment and building a workforce that reflects diverse talent and perspectives. If you require accommodation at any stage of the recruitment process, please let us know and we will work with you to meet your needs.

Attention: Protect Yourself from Fraud

CPP Investments is committed to a secure and transparent recruitment process. We will never ask candidates for payment or financial information at any stage of hiring. All legitimate opportunities are posted on our careers page, and communications will come from our applicant tracking system, Workday.

CPP Investments may use AI tools to help screen and assess applicants by analyzing resumes and applications for relevant skills and experience. These tools support, but do not replace, human decision‑making.

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