Managing Director, Head of Portfolio Design & Construction

CPP Investments | Investissements RPC; Toronto; Hybrid; CAD 190,000 - 225,000; Full time

Job summary

Join a dynamic investment organization that is a leader in institutional investing. As a Managing Director, you will play a pivotal role in shaping portfolio design and construction strategies that maximize returns while managing risk. This position offers the opportunity to lead a talented team, engage with senior leadership, and influence investment decisions at a global scale. With a commitment to diversity and collaboration, this role is perfect for those who thrive in a fast-paced environment and are eager to make a significant impact on the financial future of millions of Canadians. Embrace this chance to innovate and drive excellence in investment management.

Benefits

Hybrid work environment

Diverse and inspiring colleagues

Accelerated exposure and responsibility

In-person collaboration opportunities

Qualifications

• 15+ years of professional investment experience with quantitative portfolio construction.
• Ability to manage seasoned investment teams and communicate complex concepts.

Responsibilities

• Manage a team of investment professionals for portfolio design.
• Forecast financial markets and develop optimization processes.

Skills

Quantitative Research

Portfolio Construction

Risk Modeling

Communication Skills

Team Management

Education

Undergraduate Degree in Finance

Graduate Degree in Economics

Job description

Managing Director, Head of Portfolio Design & Construction

Managing Director, Head of Portfolio Design & Construction

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Managing Director, Global Talent Acquisition at CPP Investments

Company Description

Make an impact at a global and dynamic investment organization

When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians.

CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6 trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo, and Sydney.

CPP Investments successfully attracts, selects, and retains talented individuals from top-tier institutions worldwide. Join our team for access to:

• Stimulating work in a fast-paced and intellectually challenging environment
• Accelerated exposure and responsibility
• Diverse and inspiring colleagues and approachable leaders
• A hybrid-flexible work environment with an emphasis on in-person collaboration
• A culture rooted in principles of integrity, partnership, and high performance
• An organization with an important social purpose that positively impacts lives

If you have a passion for performance, value a collegial and collaborative culture, and approach work with the highest integrity, invest your career here.

Job Description

We are currently recruiting for a Managing Director, Head of Portfolio Design & Construction within the Total Fund Management department. Reporting to the Senior Managing Director, Head of Total Fund Management, the candidate will be responsible for recommending both the long term and short-term portfolio design and construction targets that best fulfills the legislative mandate of maximizing investment returns without taking undue risk, with the aim of sustaining the CPP. The role will collaborate closely with the Office of the Chief Investment Officer and will work closely with the CIO in establishing portfolio design targets.

In this role, we are seeking someone with an extraordinary degree of problem-solving skills that can be applied in a complex and ambiguous environment. You can connect and optimize a varied set of research from different teams, often drawing on judgment, disciplined compromises, and sequenced deliverables. You inspire your group with novel approaches and the ability to look beyond current practices to the next edge of innovation. You command cause and effect of complex investment processes and anticipate performance across economic environments without recent precedent. An ability to ensure the sensibility of large, complex, multi-layered financial models is key. The successful candidate will bring an ownership mindset to the role, focusing the design targets through a robust investment framework and process.

Communication is a critical aspect of this role. You have a history of establishing and communicating clear goals to your team and ensuring strong collaboration among all team members. Extensive firm-wide communication is also vital to build the necessary connections with the overall CPPIB investment process, working closely with leaders across Investment Departments, Risk, the senior management team and the board. Finally, both small- and large-format communications with external audiences is an important means of maintaining a world-class portfolio design capability.

Role-Specific Accountabilities

• Manage team of seasoned investment professionals that spans the elements of overall portfolio design.
• Identify and model all systematic risk factors that underpin portfolio performance and diversification. This includes research and testing of a wide range of scalable factors, including style, macro, and emerging factors such as climate change risk.
• Forecast short and long-term financial markets and factor returns.
• Develop and operate a factor-based portfolio optimization and construction process that establishes strategic asset and factor allocations for the total fund that are sensitive to alpha, leverage, and liquidity considerations.
• Work closely with the investment program modeling teams to effectively express and incorporate a wide range of public and private investment programs and geographies into the total portfolio construction effort.
• Communicate and engage within CPPIB at the group, department, organization and board levels as well as with external counterparts including peer funds and the academic community.

Qualifications

• Ability to draw upon quantitative research, judgment, expert opinion, and peer collaboration in forging the overall direction of the entire CPPIB portfolio.
• Ability to manage seasoned, quantitative investment teams.
• Meaningful experience with a wide range of both public and private asset classes.
• Portfolio construction and risk modeling experience.
• Ability to tangibly exploit research for a large, complex continuously improving investment process.
• Extraordinary communication skills, both one-on-one and in larger forums, with clear ability to convey complex concepts to senior, generalist audiences.
• An undergraduate and graduate degree in Finance, Economics, or other quantitative fields is desired.
• At least fifteen years of professional investment experience, with quantitative portfolio construction experience, a major plus.

Additional Information

Visit our LinkedIn Career Page or Follow us on LinkedIn.

At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process.

Our Commitment To Inclusion And Diversity

In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

Disclaimer

CPP Investments does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered. CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Investment Management

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