Director, Private Markets Investment Risk

HOOPP; Toronto; On-site; CAD 140,000 - 200,000; Full time

Job summary

HOOPP seeks a Director for Private Markets Investment Risk to oversee the investment risk framework across private assets. This role involves strategic oversight in risk assessment and management, requiring a strong background in financial modeling and significant related experience. The incumbent will collaborate closely with senior management and external partners, driving innovation in risk management practices.

Benefits

100% company-paid extended health and dental benefits

Wellness reimbursement program

Professional development initiatives

Access to LinkedIn Learning

Defined benefit pension plan

Qualifications

• Minimum 10 years working experience in financial risk modeling.
• 5 years in the pension industry focusing on private markets.
• Strategic understanding of emerging technologies.

Responsibilities

• Lead investment risk framework for private markets.
• Review new private markets transactions before approval.
• Contribute to risk budgeting and limit systems.

Skills

Financial risk modeling

Investment risk management

Capital markets risk management

Artificial Intelligence

Interpersonal skills

Education

Post-graduate degree in business, mathematics, science, engineering, or quantitative discipline

CFA

FRM

Job description

high-performance, people-focused culture

our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves

learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth

membership in HOOPP’s world class defined benefit pensionplan, which can serve as an important part of your retirement security

competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, and newly extended maternity / parental leave top of 26 weeks)

optional post-retirement health and dental benefits subsidized at 50%

yoga classes, meditation workshops, nutritional consultations, and wellness seminars

access to an annual wellness reimbursement program for health and wellness-related expensesfor permanent and temporary employees

the opportunity to make a difference and help take care of those who care for us, byproviding a financially secure retirement for Ontario healthcare workers

Job Summary

The Director, Private Markets Investment Risk, will report to the Senior Director, Private Markets Investment Risk. The incumbent will assist the Senior Director in designing and implementing of the investment risk framework, covering private markets, focusing on transaction and strategy support. The Director will also assist the Senior Director for designing and implementing of processes and systems that can identify, measure, analyze, monitor, report on and mitigate all investment-related risks. Assist the Senior Director to build strong relationships with Investment Management, Finance, IT and other areas of the HOOPP organization. Build strong relationships with peers in the industry, regulators, external investment managers and other relevant external parties.

What you will do :

Ensure the appropriate foundation is in place, including organization structure, people and technology to deliver critical support and oversight to investment risk activities for all major private asset classes such as Private Equity, Real Estate and Infrastructure.

Provide insight in and oversight over, the identification, measurement, monitoring, reporting and mitigation of investment risks, focusing on new strategies, transactions and idiosyncratic risk.

Risk review new private markets transactions and strategies before IRC approval. Enable new investment strategies and opportunities by acting as a trusted advisor to Investment Management in assessing the investment risk impact and viability of new strategies.

Actively participate in Investment Committee meetings, discussing transactions with consideration of how the transaction fits into the total portfolio.

Periodically review existing strategies and transactions ("post mortem") to assess risk and performance versus assumptions.

Contribute to HOOPP wide Emerging risk process, through knowledge of and experience with developments in global markets and international financial markets regulation.

Contribute to the design, implementation and maintenance of a risk budgeting / risk limit system, by suggesting alternative risk metrics and limits and obtaining agreement with the portfolio managers.

Contribute to the draft and coordinate the design, implementation and maintenance of Policies / Guidelines for portfolios, in collaboration with Investment Management,

Contribute to design, implement and maintain investment risk reports for portfolios / asset classes, focusing on relevant metrics (e.g leverage, EBITDA trends, as well as statistical measures such as VaR) for senior management and Board.

Contribute to design and implement risk attribution (marginal, incremental risk, contribution to risk, across exposures and risk factors).

Contribute to review, draft all internal policies as they pertain to Investment Risk Management, such as but not limited to : SIP&P, IP&G

Monitor industry trends and standards for Investment Risk Management. Assess the impact on HOOPP and implement changes in processes, staffing and technology, to ensure HOOPP is in compliance with regulatory requirements and meeting industry best practices.

Contribute to risk research aimed at improving HOOPP's ability to pro-actively respond to changes in risk factors / economic regimes

Drive change and adopt best practices; Continuously drive innovation.

Participate in a leadership capacity in various committees (steering and project control committees) to provide guidance and oversight to various initiatives.

Seek opportunities to leverage technology to streamline processes, reduce operational and trade execution risk, create real-time reporting that allows Investment Management to identify and capitalize on market opportunities.

Continuous scan vendor landscape to identify opportunities to increase operational efficiencies and effectiveness

Champion the evolution of workflow redesign, reengineering and automation to continuously improve efficiency and reduce operational risk.

Research and apply Artificial Intelligence in investment risk processes where beneficial to HOOPP.

What you bring :

University education with a minimum post-graduate degree in business, mathematics, science, engineering, or other quantitative discipline.

Holder of appropriate professional designates, such as CFA and FRM preferred.

Minimum 10 years of working experience with strong knowledge of financial risk modeling and associated technology utilization in the financial industry.

Minimum 5 years of working experience in pension industry with strong knowledge of private markets valuation and risk modeling and other quantitative methodologies a must.

Expert in capital markets risk management; Experience in capital markets front office nice to have.

Experience in private market transactions highly preferred.

Strategic and forward-looking understanding of emerging technology, such as the application of Artificial Intelligence in risk management. Demonstrated strong research and innovation skills

Previous experience in designing, implementing and / or managing a cross asset risk system and / or asset simulation system an asset.

Exceptional attention to detail with highly developed interpersonal and communication skills, and excellent English - written and verbal.

Strong time management, organizational skills and the ability to meet tight deadlines.

Alignment with HOOPP's values of Professional, Accountable, Compassionate, Trustworthy and Collaborative.

A conceptual and critical thinker who is adept at large scale problems.

Excellent at building and maintaining strong working relationships across the HOOPP organization.

Available for travel as required

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