Manager, Pension Analytics and Performance

4 months ago


Toronto, Canada CIBC Full time

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

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**Job Description**:
What You’ll Be Doing

Pension Investment Management (PIM), Treasury has overall responsibility to develop and operate a sustainable investment strategy for the bank’s defined benefit pension plans. The bank operates a complex and market leading pension investment management function in a bespoke manner to meet its unique objectives as the only top-5 tier bank to continue to offer an open defined benefit pension plan. The PIM group is led by the Chief Investment Officer and comprises a team of investment professionals who manage approximately $8 billion in assets across both public and private markets.

As the Manager, Pension Analytics & Performance, you will be responsible for the operational management of the investment program including investment administration, cash management, and ensuring control processes are upheld at all times.
- At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote._

How You’ll Succeed- Analytics & Reporting - Perform insightful quantitative analysis and modelling of pension assets and liabilities that supports top-down pension management decision-making, asset allocation decisions, portfolio construction optimization and development of bespoke asset class strategies. Timely reporting to support investment monitoring and oversight activities, as well as frontline risk management of funded status, balance sheet impact, hedging programs and liquidity capacity and implementing the investment decisions taken. Independently carry out the monthly pension reporting process including estimates of funded status, balance sheet impact, attribution of changes, and key risk sensitivities. Manage the end-to-end quarterly investment reporting and valuation processes including the production of investment returns, their validation with managers, attribution analysis, identification of key performance drivers, portfolio positioning review, aggregation of risk positions across investments, and generation of final reports. Manage the month-end asset valuation process with Pension Accounting and investment managers.- Cash Management - Oversee daily investment administration and cash management activities including preparing payment instructions, cash transfers, receipt advices and other forms of formal instruction for the custodian. Maintain spreadsheets recording cash movements, payments, distributions, fees and expenses to assist Pension Accounting with cash flow forecasts. Monitor and check fund manager, custodian, adviser and supplier fee invoices, and arranging payment of those fees. Maintain the liquidity and leverage reporting dashboard to ensure investments and strategies are sustained through market dislocation events.- Strategic Support - Support the CIO in the development of the overarching pension investment strategy with timely and insightful analysis. Update investment policies. Produce materials for pension investment committee meetings in a timely manner. Support the Director, Strategy & Public Markets in investment manager search processes, manager reviews, and implementing an oversight, evaluation and compliance framework. Serve as backup to the Senior Associate, Private Markets and support the Head of Private Markets, as required.- Document Management - Prepare regulatory documentation across all investment jurisdictions, maintaining that documentation in line with regulatory changes, and complete forms as required. Maintain up to date records of investment managers’ legal agreements, and associated policies and documentation. Review and monitor tax reclaims from the Plan’s custodian and preparing necessary documentation. Maintain electronic filing systems. Manage updates to investment policy, pension governance documents and the business unit’s process documentation.

Who You Are- You can demonstrate experience. You have 7-10 years of proven experience with a public or private sector pension plan, an investment/actuarial consulting firm, or an investment management firm. You have strong Excel capabilities and preferably VBA modelling skills. You are proficient with PowerPoint.- It’s an asset. Knowledge of Bloomberg, SharePoint and risk systems will be considered an asset.- You can demonstrate knowledge. Possess good knowledge of Defined Benefit pension plans and federal pension legislation. Good knowledge of and possess a keen



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