Principal, Investment Risk - Private & Structured Credit

Ontario Teachers' Pension Plan; Toronto; Hybrid; CAD 80,000 - 140,000; Full time

Job summary

An established industry player is seeking a Principal, Investment Risk to enhance its credit risk management practice. This pivotal role involves critical evaluation of credit worthiness, proactive risk management, and collaboration with diverse teams. The ideal candidate will possess an advanced degree and extensive experience in financial services, particularly in credit analysis and quantitative modeling. In this dynamic environment, you will have opportunities for professional growth, contribute to strategic initiatives, and engage with industry experts. Join a forward-thinking organization that values diversity and fosters an inclusive workplace culture.

Benefits

Competitive Salary

Professional Growth Opportunities

Comprehensive Benefits

Defined Benefit Pension Plan

Deferred Incentive Program

Flexible/Hybrid Work Environment

Competitive Time Off

Flexible Travel Program

Employee Discount Programs

Qualifications

• 7-10 years in financial services focusing on credit analysis and financial modeling.
• Strong understanding of global regulatory landscape and credit capital governance.

Responsibilities

• Evaluate credit worthiness of private debt and structured credit investments.
• Develop and manage databases to monitor credit markets and trends.
• Lead engagement efforts with industry experts and stakeholders.

Skills

Credit Analysis

Quantitative Modeling

Financial Modelling

Stakeholder Engagement

Communication Skills

Operational Frameworks

Interpersonal Skills

Project Management

Education

Advanced Degree in Quantitative Discipline

Tools

C++

SQL

MATLAB

Job description

The opportunity

The Principal, Investment Risk - Private & Structured Credit plays a core role in shaping and executing OTPP’s credit risk management practice and supporting the analytical needs of the investment and functional partner business lines. This individual has expert knowledge of the credit transactions and exposures at OTPP, and the relevant downstream market and liquidity risk implications. They interact frequently with various teams across OTPP – particularly Investments and the Functional Partners - and serve as a key member of the Credit and Capital Markets Risk (CCMR) team.

Who you’ll work with

The CCMR department is an integral part of the Risk division. The Credit and Counterparty Risk team oversees the fundamental credit and counterparty risk for Ontario Teachers’. The Principal will support Risk’s key relationships across Private and Public Credit, and lead or participate in intradepartmental and cross departmental committees.

What you’ll do

Use Professional Judgment, Investment Knowledge And Quantitative Modeling To:

• Critically evaluate and monitor the credit worthiness of existing and prospective private debt and structured credit investments.
• Support proactive management and monitoring of credit risk and exposures against internal limits.
• Ensure that all direct credit risk is properly identified, analyzed and reported to the correct discretionary authority.
• Help develop and manage databases and dashboards to monitor both public and private credit markets including credit loan documentation trends and comparisons.
• Regularly engage OTPP counterparties and co-investors on new and emerging developments, to provide key analysis and recommendations to decision-makers across Risk, Investments and the Functional Partners.
• Monitor market and regulatory developments, lead research and industry best practices in Credit Risk and share timely insights with relevant stakeholders.
• Positively represents OTPP in leading engagement and advocacy efforts involving industry experts, peers, and the greater credit risk management community.
• Understand (in depth) the parameters, implications and risks of OTPP’s agreements as a direct or structured lender.
• Ensure the Director(s) and Managing Director of CCRM have the appropriate, accurate, and timely information required to provide leadership on various internal and external committees and commitments.
• Support the development of Board reading and presentation materials.
• Understand and promote best practices on credit risk management within the team and the broader organization.
• Contribute to the overall strategy and business planning for the CCRM team.
• Help selectively recruit, resource, coach and train the investment risk team over time.
• Support Risk’s key relationships across the global investment team, Functional Partners and Board. Leads or participates in intradepartmental (e.g. the Risk Leadership Meeting) and cross-departmental committees / working groups to provide subject matter expertise and analysis.
• Develop, implement and maintain fundamental and structured risk measurement models and simulations.

What you’ll need

• Advanced degree in a quantitative discipline (mathematics, applied economics or finance, physics, chemistry, engineering).
• 7-10 years of relevant experience in the financial services industry, with a focus on financial modelling, credit analysis, quantitative application of both fundamental and structural loan underwriting, loan syndication, their derivatives, and structured products thereon including CLOs, SRT, Asset Backed Finance and Index Tranches.
• Proficiency with credit documentation as well as due diligence.
• End-to-end (origination to funding) experience pricing, negotiating, reviewing, and underwriting direct and derivative structures with non-bank Financial Institution obligors, global banks, asset managers, pension plans, sovereign wealth funds and other institutional investors, is an asset.
• Tech, Media and Telecommunications (TMT), Healthcare, and/or Diversified Industries Corporate Banking origination or adjudication experience, from a deal’s marketing to its close, is an asset, with TMT preferred.
• Strong understanding of the global regulatory and institutional landscape and best practices, specifically with respect to credit capital and related governance.
• A results-oriented track record in operationalizing frameworks.
• Experienced at engaging and influencing a range of internal and external stakeholders, at multiple seniority levels.
• Strong interpersonal skills with ability to interact with colleagues at all levels and cultivate key partnerships to work collaboratively with internal and external stakeholders.
• Strong written and oral communication skills with ability to explain complex issues in a clear and compelling manner and present information to internal stakeholders.
• Able to train, supervise and mentor more junior staff.
• A global outlook, with good judgment in applying leading practices.
• Adept at communicating complex issues and well-reasoned positions to varied audiences (both orally and written).
• Models effective collaboration and partnership across business lines.
• Ability to oversee multiple streams of activities and research under pressure and with time sensitive deadlines, ensuring accurate and value added outcomes for each.
• Additional related designation (e.g. CFA) an asset.
• Strong technology skills with experience in C++/SQL/MATLAB an asset.

What we’re offering

• Pay-for-performance environment that offers competitive salary and incentive.
• Numerous opportunities for professional growth and development.
• Comprehensive employer paid benefits coverage.
• Retirement income through a defined benefit pension plan.
• The opportunity to invest back into the fund through our Deferred Incentive Program.
• A flexible/hybrid work environment combining in office collaboration and remote working.
• Competitive time off.
• 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.

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 & 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'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.

Accommodations are available upon request ([e-mail]) for candidates with a disability taking part in the recruitment process and once hired.

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Functional Areas: Risk

Requisition ID: 6366