Portfolio Manager, Dynamic Portfolio Management

CPP Investments | Investissements RPC; Toronto; On-site; CAD 150,000 - 210,000; Full time

Job summary

CPP Investments in Toronto seeks a seasoned Portfolio Manager to support the Total Fund's exposures across strategic and tactical horizons, with a focus on currency hedging and robust framework design. You will collaborate with teams in Dynamic Portfolio Management to design, evaluate, and implement cross‑asset strategies, applying empirical insights and investment judgement.

The role offers meaningful impact, enabling collaboration with colleagues who value performance, integrity, and

Qualifications

• 7–10 years in portfolio management and/or asset allocation research.
• Experience with multiple asset classes and cross-asset linkages.
• Strong quantitative and empirical analysis skills.
• Graduate degree in a relevant field preferred.

Responsibilities

• Manage Total Fund equity, fixed income and FX exposures across strategic and tactical horizons.
• Partner with other TFM groups to design, evaluate, and evolve the strategic balancing process framework.
• Support broader DPM activities, including tactical positioning and management of exposures.
• Apply investment judgement alongside model-driven insights, including adjustments and overrides.
• Design value-adding strategies for tactical asset allocation across equities, fixed income and currency.
• Assess interactions between strategic exposures and tactical positioning within a total portfolio context.
• Design portfolio modelling and monitoring frameworks to assess exposures, performance and risk.
• Prepare and present analysis, recommendations, and updates to internal committees.
• Contribute to cross-team initiatives and broader departmental projects.

Skills

Portfolio management

Cross-asset analysis

Quantitative techniques

AI-assisted coding

Communication skills

Collaboration

Education

Graduate degree in Finance, Economics, Mathematics, Engineering

Tools

Python

R

Statistical software

AI tools

Job description

Purpose. Performance. People.

Joining CPP Investments means joining one of the world’s most admired and respected institutional investors to drive a single mandate: to deliver strong, sustainable returns for generations of Canadians.

Purpose. Performance. People.

Joining CPP Investments means joining one of the world’s most admired and respected institutional investors to drive a single mandate: to deliver strong, sustainable returns for generations of Canadians.

With a long-term horizon and global reach, we deploy capital at scale across public and private markets. Our size, stability, and disciplined investment philosophy allow us to pursue complex opportunities and build enduring partnerships worldwide.

For our people, this means meaningful work with tangible impact, real opportunity, and collaboration with exceptional colleagues who value partnership and performance. Here, you’ll contribute to outcomes that matter alongside team members committed to excellence and shared success.

The Role

Reporting to a Managing Director within the Dynamic Portfolio Management group, the Portfolio Manager will support the management of Total Fund’s exposures across both strategic and tactical horizons. The role spans currency hedging activities and the management of tactical exposures, with an emphasis on currency portfolio management and effective implementation.

The Portfolio Manager will work closely with teams across TFM to design, evaluate, and implement robust frameworks for Total Fund currency management. While activities are underpinned by systematic, model-driven approaches, the role also involves the application of investment judgement in the management of exposures, including the assessment and execution of adjustments and overrides where appropriate. The role will also contribute to efforts to assess complementarities across strategic and tactical horizons.

The Team

Accountabilities

• Contribute to the management of Total Fund equity, fixed income and FX exposures across both strategic and tactical investment horizons, ensuring alignment with intended exposures while delivering value-add.
• Partner with other TFM groups to design, evaluate, and evolve the strategic balancing process framework.
• Support broader DPM activities, including the management of tactical positioning and strategic exposures.
• Apply investment judgement alongside model-driven insights in the management of exposures, including the assessment and implementation of adjustments and overrides within established governance frameworks.
• Design value-adding strategies for tactical asset allocation that drive views on equities, fixed income and currency. Work collaboratively with the broader team on the research and implementation and management of tactical signals and strategies.
• Contribute to the evolution of asset allocation frameworks by assessing interactions between strategic exposures and tactical positioning within a total portfolio context.
• Design portfolio modelling and monitoring frameworks to assess exposures, performance, and risk.
• Prepare and present analysis, recommendations, and updates to relevant internal committees and stakeholders.
• Contribute to cross-team initiatives and broader departmental projects as required.

Qualifications

• At least 7-10 years of relevant experience in portfolio management and/or asset allocation research. Expertise across multiple asset classes, including equity, fixed income and currency, and a strong understanding of macro drivers of returns and cross-asset linkages are considered assets.
• Experience operating in a market-facing investment role, with a total portfolio perspective that integrates mandate objectives, risk trade-offs, cross-asset interactions, and systematic insights, is an asset.
• Experience applying empirical statistical and quantitative techniques to financial and macroeconomic data. Experience with AI-assisted coding tools and the ability to leverage them effectively to enhance modeling and portfolio analysis are assets.
• Experience independently developing systematic macro investment strategies using macro, financial, and alternative datasets is considered an asset
• Graduate degree in Finance, Economics, Mathematics, Engineering, or a related discipline preferred.
• Ability to think critically and creatively, and to exercise sound investment judgement.
• Strong collaborative mindset and ability to work effectively with cross-functional stakeholders.
• Effective communication skills across a broad range of stakeholders.
• Self-motivated, organised, flexible, and adaptable to changing priorities and new challenges.
• Successful candidates must consistently exemplify CPP Investments' guiding principles of high performance, integrity, and partnership.

You are motivated to contribute to something larger than yourself, approach complex challenges with rigor, and hold yourself to high standards in a collaborative, performance-driven environment.

We provide colleagues with cutting-edge AI tools, dedicated learning time, and practical support to help them deliver with greater impact.

Inclusion & Accessibility

CPP Investments is committed to equitable access to employment and building a workforce that reflects diverse talent and perspectives. If you require accommodation at any stage of the recruitment process, please let us know and we will work with you to meet your needs.

Attention: Protect Yourself from Fraud

CPP Investments is committed to a secure and transparent recruitment process. We will never ask candidates for payment or financial information at any stage of hiring. All legitimate opportunities are posted on our careers page, and communications will come from our applicant tracking system, Workday.

CPP Investments may use AI tools to help screen and assess applicants by analyzing resumes and applications for relevant skills and experience. These tools support, but do not replace, human decision-making.