Investment Associate, Risk - Models (18-months contract)

Ontario Teachers' Pension Plan; Toronto; On-site; CAD 105,000 - 155,000; Part time

Benefits offered by this job

Flexible hybrid work environment

Professional growth opportunities

Travel program options

Employee discounts

Job summary

Ontario Teachers' Pension Plan invites applications for an Investment Associate (18-month contract) in Investment Risk, Private Models, focused on developing and enhancing production-grade risk models for private investments across equities, real estate, infrastructure and more.

You will work with the modelling team, validate models, and provide risk insights to support investment decisions, with opportunities to explore AI and emerging technologies.

Qualifications

• Master's degree in a quantitative discipline (MMF, MFE, Computational Finance, MQF) plus an undergraduate degree in a related field.
• Min. 2 years’ experience in quantitative finance and/or risk management.
• Knowledge/experience in private assets risk modelling is an asset.
• Strong programming skills in SQL/MATLAB/VBA are a definite asset.
• Knowledge/experience in AI applications (ChatGPT, Copilot, Claude) is an asset.
• Expert proficiency in MS Office applications (with emphasis on Excel).
• Excellent interpersonal, communication, and teamwork skills.
• Attention to detail and precision is critical.
• FRM and CFA designation is an asset.
• Candidates must be legally entitled to work in the country where this role is located.

Responsibilities

• Research and develop risk models for various private asset classes and investments in private markets.
• Maintain and improve existing asset-specific risk models, including market and credit risk.
• Document methodology, validation testing and data specifications.
• Collaborate with BA, IT, Data Management, Risk Analytics and Model Validation Group.
• Conduct annual model recalibration.
• Provide risk insights for potential private deals for Investment Committee discussions.
• Collaborate cross-functionally to develop models/tools for investment decision-making.

Skills

Quantitative finance

AI applications

Interpersonal communication

Education

Master's degree in quantitative discipline

Undergraduate degree in related field

Tools

SQL

MATLAB

VBA

Excel

Job description

The opportunity

The Investment Associate (18-month contract), Investment Risk, Private Models is responsible for a variety of research and development activities primarily for the purpose of developing and distributing production grade risk models and analytical tools for various private assets invested by OTPP’s private programs in Equities, Real Estate, Infrastructure, Natural Resources, and Teachers’ Venture Growth. The role will support ongoing research and enhancement of risk models for private investments, while providing opportunities to collaborate with the broader modelling team on modelling initiatives across a wider range of investments and products.

Who you'll work with

Reporting to the Director, you will work with dedicated team members to measure and report the market and credit risks of our private holdings in Equities, Real Estate, Infrastructure, Natural Resources, and Teachers’ Venture Growth.

Working in the Private Models team is an exciting opportunity that is challenging and complex, requiring a high degree of ingenuity, perseverance and commitment to excellence. Members of the team are supported by senior team members to develop their skills and knowledge, but high levels of initiative and creativity are expected. The risk models developed impact the Plan’s investment decision-making, performance and risk measurement. Models are reviewed by senior team members and then validated by the Model Validation Group.

What you'll do

• Research and develop risk models for various private asset classes and individual investments in private markets.
• Contribute to the creation, maintenance and improvement of existing asset-specific risk models, including (but not limited to) market and credit risk.
• Write detailed documentation of methodology, validation testing and data specifications used by model.
• Work with BA, IT, Data Management, Risk Analytics and the Model Validation Group to ensure model integration and validation are completed in a timely manner.
• Conduct model recalibration on an annual basis to keep the models up-to-date.
• Conduct risk assessment and provide risk insights for sizable potential new private deals for deal teams to present to Investment Committee on a bi-weekly basis.
• Work cross-functionally with other teams and departments to develop models/tools used for investment decision-making. This includes supporting and sharing knowledge within Investment Risk and responding to ad hoc requests from investment departments.
• Proactively explores opportunities to leverage AI and emerging technologies to enhance modelling capabilities, improve efficiency and generate deeper insights.

What you'll need

• Masters’ degree in a quantitative discipline (MMF, MFE, Computational Finance, MQF) in addition to an undergraduate degree in a related field.
• Min. 2 years’ experience in quantitative finance and/or risk management.
• Knowledge/experience in private assets risk modeling (or related) is an asset.
• Strong programming skills in SQL/MATLAB/VBA a definite asset.
• Knowledge/experience in AI applications (ChatGPT, Copilot, Claude) is an asset.
• Expert proficiency in MS Office applications (with emphasis on Excel).
• Strong conceptual thinker and problem solver, ability to research and test out new ideas/concepts to bridge the gap between theory and practice.
• Excellent interpersonal, communication, and teamwork skills.
• Attention to detail and precision is critical.
• Successful completion of the FRM and CFA designation is an asset.
• Candidates must be legally entitled to work in the country where this role is located.
• Accommodations are available upon request ([e-mail]) for candidates with a disability taking part in the recruitment process and once hired.

What we’re offering

The Base Salary range for this level is as follows: $105,000 - $155,000. Individual compensation and placement of this role in the range is based on different factors unique to each candidate, including but not limited to relevant experience, skills, demonstrated competencies, and internal equity as they relate to the role. Competitive compensation

• Numerous opportunities for professional growth and development
• A flexible work environment combining in office collaboration and remote working
• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year
• Employee discount programs including Edvantage and Perkopolis

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 & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

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 Ontario Teachers’ objectives by analyzing information provided in resumes and applications. Our use of AI does not replace human decision-making. To learn more about how Teachers’ uses AI with your personal information, please visit our Privacy Centre.