Analyst/associate Portfolio Construction

Company Description
**Make an impact at a global and dynamic investment organization**

When you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $500 billion, CPP Investments is a professional investment management organization that globally invests the funds of the Canada Pension Plan (CPP) to help ensure long-term sustainability. The CPP Fund is projected to reach $3 trillion by 2050. CPP Investments invests in all major asset classes, including public equity, private equity, real estate, infrastructure and fixed-income instruments, and is headquartered in Toronto with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney.

CPP Investments attracts and selects high-calibre individuals from top-tier institutions around the globe. Join our team and look forward to:

- Diverse and inspiring colleagues and approachable leaders
- Stimulating work in a fast-paced, intellectually challenging environment
- Accelerated exposure and responsibility
- Global career development opportunities
- Being motivated every day by CPP Investments’ important social purpose and unshakable principles
- A flexible/hybrid work environment combining in office collaboration and remote working
- A deeply rooted culture of Integrity, Partnership and High Performance

If you share a passion for performance, value a collegial and collaborative culture, and approach everything with the highest integrity, here’s an opportunity for you to invest your career at CPP Investments.

**Job Description**:
We are currently recruiting for an **Analyst/Associate **to join Active Equities (AE) department in Toronto on a full-time basis to play a key role in the Portfolio Construction & Risk (PC&R) team within Active Equities (AE).

Active Equities has several investment portfolios, including AE North America, AE Europe, AE Latin America as well as AE Asia, with the philosophy of creating risk adjusted return based on fundamental research and insight, coupled with quantitative portfolio construction and active risk management. These investment programs are structured as Long/Short, market neutral portfolios to generate outperformance according to our long-term investment theses and differentiated alpha insights as well as factor driven hedge portfolios. The hedge/short portfolios are constructed and optimized based on a Multi-Factor Model framework to hedge away the undesired systematic risk and to maximize the level and contribution of desirable idiosyncratic risks in the portfolios.

Portfolio Construction & Risk (PC&R) team within AE is responsible for design and implementation of quantitative shorting/hedging strategies, portfolio construction and risk optimization activities for all the regional portfolios, including oversight of the Hedge Overlay portfolios as well as Enhanced Beta programs. The team has also the mandate to participating in strategy characterization, capital & collateral management-oriented initiatives for the department and interacts closely with the Total Fund Management (TFM) department within the firm.

To achieve its broad mandate, members of PC&R team will partner closely with the regional teams as well as Investment Research (IR) team, develop relevant expertise around regional portfolio developments as well as market dynamics. They are expected to act as thought partners to the regional heads to optimize and manage the risk composition of the portfolios.

Reporting to the Managing Director, the Analyst/Associate is expected to play a key role in the PC&R team, partners closely with other investment professionals within AE and PC&R Team and contributes to strategic initiatives, impacting the portfolio construction and hedging strategies such as onboarding new portfolios, assessment of macroeconomic risk factors and different risk models, factor valuation, AE level portfolio composition and bespoke/custom hedging/index construction strategies.

Additionally, the individual will collaborate with several groups within the Fund to help with trading activities and to ensure accuracy and appropriateness of portfolio risk, funding and factor related metrics. Particularly the Analyst/Associate is expected to build effective relationships and work closely with Financing and Trading groups on trade execution and borrow cost reporting, Investment Risk on risk monitoring and measurement, TFM on characterization of AE portfolios, Technology and Data on developing and systemizing the portfolio analytical frameworks and Investment Operations/Performance groups on P&L measurement and reporting.

**Factor Driven Hedge Portfolio Construction, Optimization and Management**
- Conduct extensive research and analyses on hedge portfolio construction and optimization based on multi factor model frameworks
- Monitor the exposure and risk decomposition of the