Manager, Portfolio Strategy & Investment Risk

Ontario Power Generation Inc.; Toronto; On-site; CAD 111,000 - 161,000; Full time

Job summary

Ontario Power Generation Inc. is seeking a dynamic Manager, Portfolio Strategy and Investment Risk. You will partner with the FMG team to manage risks across portfolios, influence strategy, and communicate with senior investment managers.

The role emphasizes quantitative analysis, governance support, and stakeholder collaboration. The successful candidate will have extensive experience in multi-asset risk, strong Python/SQL skills, and a track record of delivering actionable portfolio insights

Qualifications

• 4-year undergraduate degree in Finance, Economics, Mathematics, Data Science or related field.
• CMF CFA or CFA Level 3 candidacy is preferred.
• 8+ years experience in portfolio, investment or risk management, buy-side ideal.

Responsibilities

• Monitor portfolio risk, liquidity and cash flows with dashboards and insights.
• Support rebalancing and cash management actions to meet targets.
• Analyze risk drivers and liquidity, propose mitigation actions.
• Ensure data accuracy, reconciliation and quality control of risk data.
• Generate insights via quantitative methods and scenario analysis.

Skills

Portfolio risk

Python

SQL

Power BI

Data analysis

Stakeholder management

APIs

MS Office

Communication

Education

Finance / Economics / Mathematics undergraduate

Masters degree (or higher)

CFA or CFA Level 3

Tools

MSCI BarraOne

Power BI

Job description

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Job Title: Manager, Portfolio Strategy & Investment Risk Posting Start Date: 16/09/2026

Posting End Date: 07/10/2026

Status:Regular

Number of Openings: 1

Education Level: 4-year undergraduate degree in Finance, Economics, Mathematics, Data Science or a related field; Masters degree or other advanced degree

Base Location: 700 University Avenue, Toronto, Ontario M5G 1Z5

Shift: Days

Travel Required: 10%

Salary Range:$111,000.00 - $161,000.00

Electrify your career and help build a brighter tomorrow.

Every generation has a challenge that defines them. At OPG, we are calling on all innovators, disruptors, thought leaders and change-makers. Join us as we work to electrify life in one generation and build a sustainable future powered by our electricity, our ideas, and our people. Join OPG and make history.

Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on -- and off -- the job.

Ontario Power Generation (OPG) is looking for a dynamic, strategic and results-driven professional to join our team in the role of Manager, Portfolio Strategy & Investment Risk.

Job Overview

The OPGFund Management Group oversees CAD$53 billion in assets for the OPG Pension Fund and OPG Nuclear Funds. We are looking for an investment professional to join our team as a Manager, Portfolio Strategy and Investment Risk.

Reporting to the Managing Director, the Manager will work closely with other members of the Portfolio Strategy and Investment Risk team in managing risks and influencing strategy within OPG’s investment portfolios, and at a total portfolio level. Collaboration with OPG’s investment teams regarding risk identification, modelling and portfolio reporting will be key aspects of the role. The successful candidate will demonstrate advanced technical and communication skills.

This is an exciting opportunity to work in an environment where you will contribute to both Ontario Power Generation’s strong, stable pension fund and a healthy environment for all.

Key Accountabilities

• Monitor Portfolio Risk, Liquidity & Cash Flows - Conduct ongoing monitoring of portfolio risk exposures, liquidity positions, cash flows, and key metrics, while providing dashboards and insights to support decision-making.
• Support Rebalancing & Cash Management Activities - Coordinate and communicate portfolio rebalancing actions and cash management transactions to maintain target positioning and funding requirements.
• Analyze Risk & Liquidity Drivers and Recommend Actions - Assess changes in portfolio risk and liquidity conditions, identify root causes and potential impacts, and recommend practical mitigation strategies to stakeholders.
• Ensure accuracy and integrity of portfolio and risk data - Assist with verification, reconciliation, and quality control of risk, liquidity, and other portfolio-related data
• Generate portfolio insights through quantitative and scenario analysis - Apply quantitative methods to generate insights on portfolio risk, liquidity, and other characteristics, and design and implement new scenario analysis
• Develop risk, liquidity, and portfolio management tools - Enhance team capabilities through use of databases, coding, APIs, PowerBI, AI tools, third-party systems, and emerging technologies where appropriate
• Support governance, policy, research, and stakeholder materials - Prepare presentations and materials for stakeholders and governance committees, contribute to reviews of investment and risk policies, and support research across markets, asset classes, strategies, managers, governance practices and emerging risk topics
• Manage relationships and collaborate across internal and external stakeholders - Liaise with external service and data providers, manage relationships and contracts, and foster constructive collaboration within FMG and with external partners

Qualifications

• 4-year undergraduate degree in Finance, Economics, Mathematics, Data Science or a related field; Masters degree or other advanced degree
• Chartered Financial Analyst (CFA) or Chartered Financial Analyst Level 3 Candidate
• Minimum of 8 years of experience in portfolio, investment or risk management, ideally on the ‘buy side’. Cross asset class knowledge is desirable
• Thorough experience with advanced use of MSCI BarraOne; knowledge of other major risk management systems considered an asset
• Knowledge of portfolio construction and risk management principles and best practices, across a variety of portfolio strategies
• Strong written, verbal communication, and interpersonal skills required to exchange complex information, engage with and influence senior level investment managers
• Well-developed analytical, critical thinking, creative problem-solving skills
• Experience working with large and complex datasets, APIs, databases, and automated workflows
• Strong proficiency with Python, SQL, Power BI, and/or other data analysis and visualization tools
• Familiarity with the application of AI-enabled tools and solutions within investment management
• Strong project management skills; an ability to complete projects of differing scope and audience concurrently, on deadline
• Ability to prioritize and collaborate as needed to achieve objectives
• Quantitative and qualitative research skills; ability to distill findings down to relevant, impactful takeaways and present effectively to various stakeholders
• Significant experience with all Microsoft Office applications

The successful candidate willexhibituncompromising integrity and commitment to upholding corporate values, and the OPG Code of Business Conduct.

OPG is committed to fostering an inclusive, equitable, and accessible environment. If you require accommodation during the selection process, please contact [e-mail] .

What makes a career at OPG different?

With operations across Ontario, OPG is one of the most diverse power producers in North America. As the largest generator in Ontario, we meet approximately 50% of the province’s electricity needs,largely fromlow‑carbon sources like nuclear and hydro.

As we work to achieve our vision of Electrifying life in one generation, OPG and our family of companies are also helping advance the development of new low‑carbon technologies such as Small Modular Reactors (SMRs), refurbishment projects, and electrification initiatives to help power the growing demands of a growing economy. Join OPG and make history.

The Darlington New Nuclear Project is leading the way in the advancement of Small Modular Reactor (SMR) technology in Canada – the future of nuclear power generation! Using new and innovative technologies such as small modular reactors, hydrogen and battery storage, while expanding our hydroelectric and nuclear portfolios, we are changing the electricity landscape in Ontario.

Important Information

The base salary range considers many factors including, but not limited to experience, education, and training, including any collective agreement requirements for union represented positions. It is not typical for the salary to be offered near the top of the range, and salary is dependent on numerous factors. For management roles, the base salary range does not represent the total compensation package. The total compensation package for regular full-time management roles includes pay-for-performance programs for annual and medium time periods. Maintaining a high-performance culture and excellence is a core expectation of every member of our leadership team and is rewarded through the established compensation framework.

OPG is committed to employment equity. As such, we encourage applicants from equity‑seeking communities (Indigenous Peoples, racialized persons, persons with disabilities, and women). We strongly believe that alleviating the under‑representation of equity‑seeking individuals will create a stronger OPG team and allow us to better serve the needs of our diverse communities.

In order to fulfill the above‑mentioned purpose, priority in hiring may be given to qualified persons who self‑identify as a member of equity‑seeking groups as identified in the application process. This initiative constitutes a special program under the Human Rights Code/Canadian Human Rights Act.

All job postings at OPG are to fill existing vacancies within our organization.

OPG may use artificial intelligence (AI) tools as part of the applicant screening process. However, applications will also be reviewed by a member of our Recruitment team to ensure a fair and thorough assessment.