Director, Structured Credit / Asset-Backed Financing– Capital Markets

Ontario Teachers' Pension Plan; Toronto; On-site; CAD 215,000 - 235,000; Full time

Job summary

A leading pension fund management organization in Toronto is looking for a Director of Structured Credit / Asset-Backed Financing. This role demands a seasoned professional with over 10 years of experience in asset-backed financing to lead investment strategies and manage transaction lifecycles. The successful candidate will join a dynamic team and contribute to innovative investment approaches across various credit products. The position offers a competitive salary, comprehensive benefits, and opportunities for professional growth.

Benefits

Pay-for-performance environment

Competitive salary and incentives

Comprehensive employer-paid benefits

Retirement income via defined benefit pension

Medical, dental, and vision benefits

Disability and life insurance benefits

Employee Assistance Program

Qualifications

• 10+ years of relevant experience with expertise in Asset‑Backed Financing.
• Experience in residential mortgages and consumer credit.
• Proven ability to manage commercial negotiations and legal documentation.

Responsibilities

• Oversee the ABF business line to achieve targeted growth.
• Originate and execute differentiated investment opportunities.
• Lead transaction management including structuring and closing.
• Monitor portfolio performance and align with risk management.

Skills

Senior professional experience in Asset‑Backed Financing

Quantitative and analytical skills

Strong financial modeling skills

Ability to manage full transaction lifecycle

Excellent communication skills

Education

Undergraduate or Master’s Degree in Economics, Commerce, Finance, or Business Administration

Job description

Company:

Ontario Teachers’ Pension Plan Board, 160 Front Street West, Suite 3200, Toronto, Ontario, M5J 0G4

Job Title:

Director, Structured Credit / Asset-Backed Financing – Capital Markets

NOC:

10021 – Banking Credit, and Other Investment Managers

Salary:

Starting at an annual base salary of $215,000 – $235,000 (37.5 hours per week) – permanent/full-time

Location(s) of work:

160 Front Street West, Suite 3200, Toronto, Ontario, M5J 0G4 Canada

Number of Positions:

One (1)

Required Language Skills:

English

The Opportunity:

We are seeking a seasoned and experienced Portfolio Manager to join our growing Structured Credit team within Ontario Teachers’ Pension Plan (OTPP). The OTPP Credit team is composed of approximately 45 investment professionals who invest across the full spectrum of credit products and strategies. The team employs a wide range of investment styles and skill sets, including deep fundamental analysis (public and private), enhanced indexing, quantitative strategies, external fund management, and structured credit investing. As one of the key strategic growth areas within the Credit platform, the Structured Credit team operates under a flexible and value-driven mandate to invest across the capital structure of portfolios backed by various credit assets. Leveraging specialized product knowledge, the team performs fundamental, quantitative, and structural underwriting with the goal of delivering scalable, innovative, and superior risk‑adjusted returns for the Fund.

Main Business Lines:

• Collateralized Loan Obligations (CLO)
• Significant Risk Transfer (SRT)
• Asset‑Backed Financing (ABF)
• Opportunistic Convex Strategies

Key Responsibilities:

• Work closely and collaboratively with the other strategy lead/co‑portfolio manager to plan, direct, and oversee the ABF business line to achieve targeted growth and performance.
• Originate, evaluate, and execute differentiated investment opportunities in ABF markets, including mortgages, consumer credit, and other asset‑backed instruments.
• Lead end‑to‑end transaction management, including deal sourcing, underwriting, structuring, negotiation, and closing.
• Develop, enhance and implement investment strategies, policies, processes, and models to strengthen our ABF analytical and underwriting frameworks.
• Monitor and evaluate portfolio performance, ensuring alignment with internal risk management and return expectations.
• Build and strengthen strategic relationships with external partners such as originators, co‑investors, and financing providers.
• Enhance the organization’s visibility and reputation as a partner of choice within the structured credit market.
• Mentor junior investment staff, providing guidance, knowledge transfer, and professional development support.
• Provide support and cross coverage to other structured credit business lines such as SRT and CLO as required.
• Support the Head of Structured Credit on special situation projects or strategic transactions that are multidisciplinary in nature.
• Promote a high‑performing, inclusive, and collaborative team culture aligned with corporate values and strategic priorities.

Required Skills:

• Senior professional (10+ years of relevant experience) with substantive direct investing and risk‑taking experience and expertise in Asset‑Backed Financing.
• Deep expertise and specialization in one or more ABF sub‑asset classes including residential mortgages (e.g., non‑QM, RTL, RPL, 2nd Lien, HELOC) and consumer credit (e.g., credit cards, auto, student, consumer loans).
• Strong quantitative, analytical, and financial modeling skills and a data‑driven mindset; able and willing to perform hands‑on and in‑depth quantitative modeling and data analysis.
• Substantial experience and proven ability to manage the full transaction lifecycle, from commercial negotiations, due diligence, to legal documentation and deal closing.
• Experience and expertise in negotiating financing arrangements (such as warehouse financing facilities) and structuring securitizations.
• Collaborative, high‑integrity team player with excellent communication skills.

Required Education:

• Undergraduate Degree or Master’s Degree in Economics, Commerce, Finance, or Business Administration.

Benefits:

• Pay‑for‑performance environment that offers competitive salary and incentives.
• Numerous opportunities for professional growth and development.
• Comprehensive employer‑paid benefits coverage.
• Retirement income through a defined benefit pension plan.
• Competitive time off.
• Discount programs including Edvantage and Perkopolis.
• Bonus (discretionary pay for performance).
• Employee Assistance Program.
• Medical, dental, and vision benefits.
• Disability and life insurance benefits.
• Group insurance and pension benefits.

Diversity & Inclusion:

At Ontario Teachers’, diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create reflect and embrace diversity of thought, background, and experience. Through our diversity, equity and inclusion strategy and our employee resource groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking and mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves.

AI Recruitment and Accommodations:

• Ontario Teachers’ may use AI‑based tools to assist in screening and assessing applicants for this position. These tools may help us identify candidates whose skills and experience align with our objectives by analyzing information from resumes and applications. Our use of AI does not replace human decision‑making.
• Accommodations are available upon request ([e-mail]) for candidates with a disability taking part in the recruitment process and once hired.
• Candidates must be legally entitled to work in the country where this role is located.

How to Apply:

To apply, please send your resume to [e-mail] and reference Requisition ID # 6743. If chosen, you may be invited to complete a pre‑recorded interview (approximately 10 minutes).

Functional Areas:

Investments

Vacancy Status:

Current

Requisition ID:

6743