Senior Analyst, Asset Allocation

iA Financial Group; Toronto; On-site; CAD 105,000 - 120,000; Full time

Job summary

A prominent financial services firm in Toronto is seeking a Senior Investment Analyst to enhance investment performance through advanced models and research. Candidates should have a Master's in finance or economics and at least two years of quantitative finance experience. This position features a hybrid work environment and competitive benefits.

Benefits

Flexible group insurance

Competitive pension plan

Employee and family assistance program

Performance bonuses

Qualifications

• Master's degree in finance, economics, or another quantitatively oriented discipline.
• At least two years of experience in quantitative finance.
• Proficiency in Python (preferred), R, SQL, and Excel/VBA.
• Ability to conduct independent research on a wide range of problems.
• Strong understanding of statistical estimation and time series analysis.

Responsibilities

• Develop advanced investment models for systematic portfolio construction.
• Research macroeconomic-driven market outlooks.
• Support portfolio managers in fund rebalancing and performance analysis.
• Integrate artificial intelligence into the investment process.

Skills

Quantitative finance

Communication

Interpersonal skills

Process improvement

Problem-solving

Statistical estimation

Time series analysis

Research skills

Education

Master's degree in finance or economics

Tools

Python

R

SQL

Excel/VBA

Job description

Job Description

Are you motivated, independent, and creative in finding innovative solutions? Are you able to prioritize work in a fast‑paced environment? Are you known for your communication, interpersonal, and process improvement skills? Then the Asset Allocation team at iA Global Asset Management (iAGAM) has a position for you!

iAGMA is the portfolio manager for iA Financial Group and manages assets consisting of general insurance company funds, segregated funds, mutual funds, and managed accounts worth over $110 billion.

The Asset Allocation (AA) team is responsible for providing world‑class expertise in asset allocation to directly enhance investment performance, advance client experience, and accelerate company growth. The AA function strives to be a center of excellence in strategic asset allocation, tactical trading, and manager selection across a broad range of public and private markets.

Role Summary

We are seeking a Senior Investment Analyst to help develop a comprehensive suite of asset allocation capabilities. In this role, you will leverage industry best practices, cutting‑edge academic research, and proprietary knowledge to create advanced investment models that drive systematic portfolio construction and asset allocation.

Projects you might have worked on

• Quantitative development of long‑term return and risk assumptions (strategic asset allocation)
• Research and development of tactical allocation models and formulation of macroeconomics‑driven market outlooks
• Creation of tactical investment signals based on economic or market intuition
• Development of analytical tools for private investments and external manager portfolios
• Implementation of robust portfolio construction and optimization tools
• Development and deployment of a unified empirical macroeconomic research platform
• Integration of the latest academic and market research into our investment processes and systems
• Supporting portfolio managers in fund rebalancing, exposure tracking, and performance analysis
• Simplifying, improving, and automating existing manual processes
• Research into new asset classes
• Creation of analytical tools for our investment platform to improve performance
• Integration of artificial intelligence into the investment process

What you bring to the team

• Master’s degree in finance, economics, or another quantitatively oriented discipline
• At least two years of experience in quantitative finance
• Proficiency in Python (preferred) or R, SQL, and Excel/VBA
• Technical expertise in building systematic, data‑driven models
• Ability to conduct independent research on a wide range of problems
• Strong understanding of statistical estimation, factor modeling, and time series analysis
• Empirical research mindset and a focus on achieving practical results
• Economic or financial intuition and a fundamental understanding of markets and macroeconomics
• Exceptional problem‑solving skills and a high degree of intellectual curiosity
• Advanced knowledge of English, as the person will be required to communicate daily with English‑speaking customers across Canada via email and phone calls.
• Strong attention to detail and flexibility to adapt to changing priorities

Some things we’d like you to have seen before (not strictly required)

• Open‑source version control systems (e.g., Git, GitHub, etc.)
• Market data providers (e.g., Bloomberg, DataStream, etc.)
• Risk models / attribution tools (e.g., BarraOne, RiskMetrics, Axioma, etc.)
• Optimization platforms (OpenOpt, CVXOpt, Axioma, etc.)
• PnL reports and performance attribution

Why you'll love working with us

• A work environment where learning and development merge with a collective pursuit of excellence
• A healthy, safe, equitable, and inclusive environment where potential can be freely expressed and developed
• The opportunity to work in a hybrid work environment, supported by flexibility and access to inspiring and innovative workspaces. Competitive benefits: Flexible group insurance, competitive pension plan, stock purchase plan, vacation and wellness and personal development days, telemedicine, employee and family assistance program, ergonomic furniture program, performance bonuses, discounts on iA products, and more!

Company Overview

iA Financial Group is the strength of a company with a human side, with its over 8,000 employees. Together, we have earned the trust of our more than four million clients and 25,000 advisors who have chosen us for their insurance, savings, and wealth management.

With over $200 billion in assets and half a billion invested in technological innovation, we’re a key player in the financial services industry in Canada and the United States. The secret to our success? Investing in you, one person at a time. Because, for over 125 years, we have believed that it’s by supporting our employees and surrounding ourselves with the most reputable leaders in the industry, we will continue to innovate. At iA, we’re invested in you.

Our Commitment to Diversity and Inclusion

At iA Financial Group, we support and celebrate diversity. We strive to provide a workplace that is recognized as inclusive for all, regardless of ethnic origin, nationality, language, religious beliefs, gender, sexual orientation, age, marital status, family situation, or physical or mental disability.

Please note that if you need help or assistance to make the recruitment process more accessible for you, contact us here. Someone from our team will be happy to assist you with your needs.

Location(s): Toronto, Ontario

Other Possible Location(s): Positions posted in Ontario

Company: Industrial Alliance Investment Management Inc.

Posting End Date: 2025-12-12

Salary Range: $105,000 to $120,000 CAD per year, for 37.5 hours per week; the base salary offered may vary based on knowledge, skills, years of experience, and internal equity related to the position.