Chief Risk Officer

Picton Mahoney; Toronto; On-site; CAD 220,000 - 420,000; Full time

Benefits offered by this job

Corporate fitness reimbursement

Health & dental benefits

Volunteer and donation matching

Training reimbursement

Job summary

PICTON Investments seeks a Chief Risk Officer to own the design and oversight of a comprehensive cross-strategy risk framework, setting risk limits, governance standards, and controls that underpin the firm's integrated portfolio management approach.

You will partner with the CIO and Multi-Strategy PM to evolve risk measurement, budgeting, and capital allocation across strategies, expanding from equity risk to cross-asset decision-making in a growing platform.

Qualifications

• 10+ years in quantitative risk management.
• Proven experience leading a risk function.
• Exposure to cross-asset investing is an asset.
• Strong collaboration with portfolio managers.

Responsibilities

• Own design and oversight of a comprehensive, cross-strategy risk framework.
• Set risk limits, governance standards, and controls.
• Partner with CIO and Multi-Strategy PM on capital allocation and portfolio construction.
• Lead risk budgeting across strategies and platforms.
• Build and institutionalize volatility targets, drawdown controls, and governance.

Skills

Quantitative risk mgmt

Risk leadership

Cross-asset investing

PM collaboration

Tools

VaR modeling

Portfolio analytics

Quant modeling

Job description

Best Workplaces™ in Canada 2022 - 2026 | Best Workplaces™ with Most Trusted Executive Teams 2024 - 2026 | Best Workplaces™ in Financial Services & Insurance 2022 - 2026 | Best Workplaces™ for Mental Wellness 2023 - 2026 | Best Workplaces™ for Giving Back 2022 & 2024 | Best Workplaces™ for Inclusion 2021, 2024, 2026 | Best Workplaces™ for Women 2021 | Best Workplaces™ in Ontario™ 2024 - 2025 | Best Workplaces™ for Professional Development 2025, 2026 | Best Workplaces™ for Young Talent 2026

One of Canada’s Most Trusted Investment Brands.

At Picton Mahoney Asset Management (PICTON Investments), being alternative isn’t just what we do—it’s who we are.

Founded by industry pioneer David Picton, we’ve spent over 20 years challenging conventional wisdom and redefining the investing landscape. As one of Canada’s most trusted investment brands, we are proudly independent—privately run, 100% employee-owned, and deeply committed to delivering results for our clients.

Thinking Alternative is in Our DNA.

With a team of 241 bold thinkers—one-third dedicated solely to investment management—we are specialists, not generalists. Managing $19.3 billion (as of July 31, 2026) for institutional and retail clients, we navigate markets with conviction, resilience, and a forward-thinking approach.

We’re more than investors — we’re innovators. We challenge traditional investment mindsets, constantly pushing the boundaries to achieve our mission: To bring greater certainty to investors.

Our success is built on four guiding principles:

• Treat investors’ money like our own.
• Redefine the way investors invest.
• Be human—always approachable.
• Succeed together, one investment at a time.

These aren’t just words—they define how we think, how we invest, and how we work.

Now, we’re entering our next chapter. We’re transforming our brand and reshaping the way the world invests. If you think alternatively, embrace an entrepreneurial spirit, and thrive in a dynamic, bureaucracy-free environment, join us and be part of what’s next.

Thriving in Our Entrepreneurial Culture

At PICTON Investments, you’ll thrive in our creative and dynamic workplace, where collaboration and support are at the core of everything we do. At our firm, you’ll have the opportunity to take on significant responsibilities, work in a flexible environment, and tackle challenging projects from the outset. Our culture is designed for ambitious professionals who want to make an immediate impact while continuing to push boundaries and achieve our greater mission. You’ll be empowered with a high level of responsibility, trust, and flexibility, providing an exciting and creative space for you to help reshape how the world views alternative investments. With competitive total rewards, performance-based bonuses, and a clear path for career growth, you’ll have everything you need to develop both now and over the longer term.

The Opportunity

As Chief Risk Officer, you will own the design and oversight of a comprehensive, cross-strategy risk framework — setting risk limits and guidelines, governance standards, and controls that underpin the firm's integrated approach to portfolio management.

This is not a traditional oversight role. You will operate as a core strategic partner to the CIO and Multi-Strategy PM, helping define how risk is measured, budgeted, allocated, and optimized across the platform.

For a senior equity risk professional, this is an opportunity to expand from asset-class specialization into firm-wide portfolio construction and capital allocation across multiple strategies. While remaining deeply engaged with the Equity business, you will increasingly influence portfolio decisions across Credit, Arbitrage, and other investment strategies as the platform continues to scale and mature.

You’ll have the opportunity to learn and lead:

Lead Across Asset Classes

• Expand from equity risk expertise into cross-asset portfolio construction across Credit, Arbitrage, and multi-strategy
• Design and evolve the firm’s integrated risk infrastructure, including models, limits, and governance frameworks

Shape Firm-Level Capital Allocation

• Own the risk budgeting process, allocating capital across strategies based on performance, correlation, and market conditions
• Partner directly with the Multi-Strategy PM on portfolio construction decisions
• Influence how risk capital is deployed, scaled, or reduced across the platform

Build and Institutionalize

• Establish volatility targets, drawdown controls, and capital efficiency standards
• Develop a risk governance model that balances rigor with commercial practicality
• Support the transition to a cohesive, institutionally scalable multi-strategy platform

Operate as a Firm-Level Decision Maker

• Contribute to the firm’s most critical portfolio decisions
• Build a track record as a capital allocator, with impact tied to overall firm performance

What we’re looking for

Experience

• 10+ years in quantitative risk management, ideally within an equity-focused hedge fund, asset manager, or multi-strategy platform
• Proven experience leading a risk function, including setting limits, managing exposure, and supporting senior decision-making
• Exposure to Credit and/or Arbitrage is an asset; strong interest in cross-asset investing is essential
• Track record of partnering with portfolio managers as a trusted advisor

Technical Skills

• Strong command of key risk metrics including Sharpe ratio, VaR, volatility, drawdown, factor exposure, and tail risk
• Advanced quantitative capabilities, including model development and data analysis
• Solid understanding of portfolio construction, including correlation, position sizing, and capital efficiency

Leadership & Judgment

• Ability to challenge and collaborate effectively with investment teams
• Strong decision-making in dynamic and uncertain market environments
• Clear communicator, able to translate complex analysis into actionable insights
• Builder mindset with interest in shaping and scaling a platform

Mindset & Fit

• Views risk as a strategic lever, not just a control function
• Motivated by the opportunity to influence firm-level outcomes
• Interested in building a long-term platform, track record, and impact

Our Commitment to Employees

At PICTON Investments, we take pride in enhancing our employees' experiences through a comprehensive suite of exceptional perks and programs. Our benefits include corporate fitness reimbursement and discounts, VersaFi memberships (formerly Women in Capital Markets), PICTON Investment Counseling and portfolio management services, volunteer and charitable donation matching, maternity and parental leave top-up, recognition awards, semi-annual performance bonuses, a generous annual vacation entitlement (minimum of 15 days per year), training and development reimbursement, extensive health and dental benefits, a healthcare spending account, and more.

These offerings are designed to support your career growth, well-being, and overall success. Join us and thrive in an environment that values and invests in you!

Equal Opportunity Statement

PICTON Investments is committed to providing an equitable and fair work environment for everyone and all hiring and other personnel actions will be taken without regard to race, colour, creed, religion, sex, disability, gender identity, gender expression, family status, age, language or national origin. We welcome applications from candidates with diverse experiences globally. Canadian experience is not required. If you require an accommodation at any point in time throughout the application and hiring process, please contact Human Resources at [phone] or at [e-mail].

PICTON Investments does not accept unsolicited resumes, emails, calls, or any other form of communication from third-party recruitment agencies. Any unsolicited outreach, including commercial electronic messages, will neither be acknowledged nor considered.

Please note: We use AI-assisted tools to support parts of our recruitment process, including summarizing interview notes and aligning candidate profiles with job requirements. All decisions are made by our hiring team.