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Director, Financial Market Modelling

3 months ago


Montreal, Quebec, Canada Invest PSP Full time

ABOUT US

We're one of Canada's largest pension investment managers, with CAD$243.7 billion of net assets as at March 31, 2023.

We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force.

Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.

Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world's top companies.

At PSP, you'll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.



EXPERIENCE THE EDGE
At PSP, we encourage our employees to grow, forge powerful relationships, contribute and fuel inspired investment launchpads. We are committed to a culture that fosters collaboration and allows us to think beyond, in an interconnected way. We advocate for our employees to speak-up, learn, experiment, share, and be part of an where diversity is embraced.

ABOUT THE TEAM

Sitting within the Chief Investment Office (CIO) group, the Dynamic Asset Allocation and Currency Management (DAACM) team aims to improve the likelihood that the Policy Portfolio will deliver on PSP's value proposition.


To accomplish this, the DAACM team:
Determines the economic and financial scenario that feeds into our Medium-Term Capital Market Assumptions (MTCMAs)

Determines, implements, and manages the Target Portfolio's desired asset-class exposures and currency exposures

Leads the rebalancing activities (assets and currencies) of the Total Fund to ensure exposures are aligned with desired Total Fund targets

Establishes and oversees the Dynamic Asset Allocation, Total Fund Currency Management (including Dynamic Currency Management)

ABOUT YOUR ROLE

As a Director, Financial Market Modelling & Global Strategist, you will be leading the Financial Market Modelling of the team and contribute to designing the overall quantitative processes and tools of the team.

You will also act as a transversal leader to develop in-house global economic and financial scenario to support investment recommendations and the dynamic investment activities related to asset allocation and currencies for the Total Fund.

You will lead a team of professionals and be reporting to the Managing Director, DAACM within the CIO group.


More specifically, as a director, you will

Lead the development of in-house models and global economic and financial scenarios (MTCMAs), including those used to perform various stress tests

Identify and closely monitor global economic and financial conditions (monetary policy, equities, fixed income, commodity, and private assets)

Lead the design of periodical investment strategy outlooks related to asset allocation and currencies for PSP's Total Fund for the benefit of PSP's senior management and investment teams

Produce, supervise, and coordinate documents presented to investment committees and ensure clear communication

Develop synergies between different teams within Total Fund Management as well as within PSP

Act as a subject-matter expert of economic and financial scenarios to disseminate knowledge and influence across senior leadership in investment groups to ensure the alignment of public and private investments with Total Fund Investments to position the Fund on a path up to a 3-year horizon

Lead and develop PSP's relationship with external market strategists and leverage their insights to where it may be most needed within the organization

Contributes to the development of innovative quantitative tools and techniques to support total fund investments processes, decisions and recommendations to the committees related to the Total Fund

WHAT YOU'LL NEED
Ph.
D. or Master's in Finance, Economics, Statistics, or another related field

A minimum of 10 years of experience notably in financial, economic, and econometric research, asset management, private assets valuation, as well as in various quantitative methods applied to finance

Several years of experience in senior roles requiring leadership and the exercise of influencing skills

An established network with influential market strategists

Strong experience in asset allocation, investment and/or currency strategy

Experience in programming languages especially with EViews and econometric modeling

Previous experience in a pension fund or similar institution and in consultation an asset

CFA Charter holder an asset

Proficiency in English and French (or willingness to learn) *Frequent interactions in English with PSP employees based in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa.

We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities.

Beyond salary and incentive pay eligibility, you have access to:

Investment in career development

Comprehensive group insurance plans

Unlimited access to virtual healthcare services and wellness programs

Competitive pension plans

Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off

Inclusive paid parental leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers

A hybrid work model with a mix of in-office and remote days

*Benefits package may vary based on your employee type.

At PSP, we aim to provide an inclusive workplace where we leverage diversity and where everyone feels valued, safe, respected and empowered to grow.

As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience.

If you require any accommodation for any part of the recruitment process, please let us know.

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