Sr. Analyst, Valuation & Model Development

Healthcare of Ontario Pension Plan Trust Fund Company; Toronto; On-site; CAD 103,000 - 153,000; Full time

Benefits offered by this job

Health benefits

Defined benefit pension plan

Incentive plan

Job summary

HOOPP in Canada seeks a quantitative professional to research and propose pricing models for derivatives across asset classes. You will prototype models, automate production in Numerix, and collaborate with Investment, Risk, Technology, and Finance teams to enhance valuation analytics.

The role requires an advanced degree and 3–5 years in quantitative finance, with programming in Python/C/C++ and SQL. CFA/FRM preferred; Power BI a plus.

Qualifications

• Advanced degree in quantitative fields such as finance, statistics, or mathematics.
• 3–5 years in quantitative finance, derivative modeling and validation.
• CFA and FRM designations preferred.
• Experience with pricing models and SQL; programming in Python/C/C++.
• Power BI familiarity advantageous.

Responsibilities

• Develop and propose pricing models for derivatives across asset classes.
• Lead end-to-end model development, testing, and deployment in production.
• Collaborate with Investment, Risk, Technology and Finance teams on analytics.
• Improve valuation analytics, PV01/CS01, and model inventory documentation.
• Ensure data quality of market inputs and mitigate valuation risk.

Skills

Python

SQL

C++

C

Analytical thinking

Team collaboration

Attention to detail

Education

Master’s or Ph.D. in Quantitative Finance

Tools

SQL

Python

C++

Power BI

Job description

Why you’ll love working here

high-performance, people-focused culture our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).

optional post-retirement health and dental benefits subsidized at 50% yoga classes, meditation workshops, nutritional consultations, and wellness seminars the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers

Job Summary

This role is responsible for researching and proposing quantitative models for HOOPP’s derivatives products across all asset classes. Following independent review and approval by the Director of Model Validation, the incumbent will develop and prototype pricing models and lead the automation and implementation of these models within the Numerix production environment. In addition to pricing model development, this role will explore optimal solutions for model-based sensitivity and Greeks calculations across a range of physical and derivatives instruments, as well as the development of robust, market-driven analytics to support performance attribution and decision-making processes. This role offers a unique opportunity to contribute to HOOPP’s evolving valuation framework through innovative model design, technical execution, and close collaboration with internal stakeholders across Investment, Risk, Technology, and Finance teams.

What you will do

• Provide model recommendations for newly invested derivatives products, supported by in-depth analytical reports to justify the mathematical soundness and applicability of each proposed model.
• Under the guidance of senior team member or manager to conduct the full cycle of quantitative model development for derivatives pricing, post-deployment verification.
• This includes model selection, prototype construction, market and position data consolidation, scripting for production implementation, end-to-end testing (Dev to UAT), defect resolution, and pre/post-production review and analysis.
• Offer subject matter expertise to support senior management in making sound and balanced decisions on complex valuation matters.
• Conduct ongoing reviews of market data quality in accordance with industry standards, with a focus on volatility surfaces, dividend curves, and interest rate curves, to prevent the use of stale or anomalous data in the production environment.
• Collaborate closely with the Model Validation team to formalize and maintain model inventory documentation, conduct periodic reviews and calibrations of existing models, and drive enhancements using innovative and creative approaches.
• Participate in valuation-related projects aligned with departmental and Finance division strategic priorities, contributing research, analysis, and recommendations as needed.
• Explore and implement best practices to mitigate HOOPP’s exposure to undue valuation risk.
• Continuously identify opportunities to improve processes through new technologies, tools, and methods.
• Provide technical support to team members in the development and testing of valuation models, and in executing ongoing model-related tasks to ensure the accuracy and integrity of HOOPP’s valuations.
• Troubleshoot and resolve issues proactively.
• Contribute to the development and enhancement of sensitivity and Greeks modeling for both physical and derivatives assets, including improvements to PV01 and CS01 calculations using Numerix methodology.
• Evaluate and implement optimal approaches for various derivatives instruments to improve risk and valuation analytics.

What you bring

• Advanced degree (Master’s or Ph.D.) in Quantitative Finance, Statistics, Mathematics, Physics, Engineering, Computer Science, or related fields.
• 3 to 5 years of relevant experience in quantitative finance, derivative modeling, model validation, valuation methodologies.
• CFA and FRM designations are preferred.
• Product knowledge: Advanced theoretical and specialization knowledge of a broad range of valuation models used in the financial industry, especially financial engineering and derivative pricing models.
• Technical Skills: Experience with pricing models and SQL required; hands‑on capability in programming language (e.g. Python, C, or C++); familiarity with Power BI advantageous.
• Analytical Abilities: Strong ability to research complex issues, analyze problems, synthesize information, and make recommendations often by identifying innovative solutions.
• Extensive experience in researching, developing and implementing quantitative models for various analytical initiatives.
• Attention to Detail: High emphasis on accuracy and completeness, with the ability to manage multiple tasks efficiently.
• Intellectual curiosity, a passion for technology and a commitment to demonstrate HOOPP values.
• Desire to learn in a highly collaborative environment and influence others to adopt a different point of view.
• Ability to work collaboratively in a team environment, while also taking ownership of projects independently.

Salary

The expected annual base salary range for this role is: $103,000 - $153,000 CAD The actual base salary offered to the successful candidate may vary based on multiple factors including, but not limited to, individual's expertise and level of experience applicable to the role they are being offered. This role is eligible to participate in discretionary incentive plan(s), subject to the terms and conditions of the applicable incentive plan text. This job is for an existing vacancy. HOOPP may use artificial intelligence tools to assist in screening, assessing and selecting applicants for this position. These tools support our recruitment process but do not replace human judgment and decision-making.

About HOOPP

Founded in 1960 by the Ontario Hospital Association, the Healthcare of Ontario Pension Plan (HOOPP) is one of Canada’s strongest and most stable defined benefit pension plans. For over 65 years, HOOPP has delivered on its pension promise to Ontario’s healthcare workers, now serving more than 504,000 members and 870 employers across the province. With offices in Toronto and London, HOOPP manages a global, diversified multi-asset portfolio. One of Canada’s Maple 8 pension plans, HOOPP oversees $132 billion in assets and remains fully funded, supported by strong risk‑adjusted returns, stable contribution rates for more than 20 years and independent governance. Our strength is powered by our people who bring HOOPP’s mission, vision and values to life and play a crucial role in helping us succeed. We are a purpose‑driven organization committed to building an equitable, diverse and inclusive workplace where different perspectives drive better outcomes. We look for talented, forward‑thinking individuals who want their work to have real impact on the lives of others. We believe an equitable, diverse and inclusive (EDI) workplace is integral to cultivating a positive culture. We integrate fair and inclusive practices into our programs and processes, creating equal opportunity and establishing a consistent employee experience across our organization.

If you need accommodation at any point in our recruitment process, please advise your recruiter or email us [e-mail] we will be happy to consult with you so that arrangements can be made for reasonable accommodation.