Intern Analyst, Portfolio Construction

ABOUT UPP
UPP is the first pension plan of its kind in Ontario’s university sector, proudly serving over 40,000 members across four universities and fourteen sector organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care. As a sector-wide plan designed for growth, our doors are open to all Ontario universities.
Together, we’re a team of progressive thinkers and agile doers operating within a fast-paced culture of collaboration and respect. We believe in bringing smart and capable people together to create, solve and grow
with a clear shared vision and values of integrity, inclusivity, ingenuity, and impact.
Our culture is intentionally welcoming and purposefully rooted in equity, diversity, inclusion, and reconciliation (EDIR). We believe diverse teams, perspectives, and lived experiences contribute to better decisions and a better workplace.
As a long-term investor, we recognize that environmental, social and governance (“ESG”) factors support risk management and value creation. As stated in our Responsible Investing Policy, we are committed to incorporating ESG considerations into our investment management activities and we collaborate with other industry participants in the promotion of a sustainable economy and society.
Join us in building a bright future for our members, our organization, and each other.
THE ROLE
We are actively looking for an Intern Analyst, Portfolio Construction & Investment Risk, to join our team in Summer 2025, for a 4-month internship (May 2025 - August 2025). This role will be part of a growing and dynamic Investment team, reporting into the Senior Director, Investment Risk. The incumbent will provide analytical support to the team in the development of UPP’s long-term asset allocation framework, total fund investment process, portfolio monitoring and investment research.
This role is based in downtown Toronto under a hybrid work policy, allowing employees the flexibility to work remotely and in-office (minimum of two days per week in-office).
KEY RESPONSIBILITIES
- Increase knowledge of UPP’s long-term investment strategy and asset classes to support risk analysis and monitoring of portfolios. Building and development of total fund analytical tools and dashboards will be key.
- Support analysis related to asset liability studies, including maintenance of UPP’s Capital Market Assumptions.
- Assist in analyzing core UPP investments, including alternative assets, from a total risk and factor perspective.

QUALIFICATIONS & EXPERIENCE
- Currently pursuing a Master’s degree, in Mathematics, Engineering, Computer Science, Finance or a related field.
- Proficient in programming (e.g., VBA, Python, Matlab).
- Possesses basic knowledge of and a keen interest in finance.

ATTRIBUTES
- Intellectually curious; identifies creative solutions and balances practicality
- Excellent interpersonal skills and a positive attitude
- Demonstrated ability to meet high performance standards and maintain a calm, pleasant demeanor in a fast-paced, deadline-driven environment
- Alignment with UPP’s desire to be a leader in Responsible Investing, ESG, and climate change.

PERSONALITY TRAITS
- Self-driven
- Humility
- Strong work ethic
- Passion for learning
- Empathetic
- Collaborative
- Authentic
- Personable
- Confident

LIFE AT UPP
Do work that matters.We are duty-bound to serve our members’ interests, and it’s a responsibility we don’t take lightly. That’s why we’ve ingrained sustainability in our work from day one—to ensure our members have a resilient future to retire into, both today and for generations to come.
Stronger together. Collaboration is how UPP was born, and it’s how we work with each other and our partners day in, day out. No one at UPP is just a number (even if they are excellent at math) and every win is a shared win.
Grow every day. You’ll have the opportunity to work on unique, once-in-a-career projects that maximize your skill set and probably teach you some new ones—at any stage in your career.
Prioritize wellness. At UPP, wellness takes many forms. Ultimately, it’s about ensuring our people are cared for in the ways that matter to them. Examples of benefits that our Early Talent Program includes are:

- Supportive and welcoming onboarding through the UPP Buddy Program
- Free snacks and beverages (coffee, tea, and flavored water) in the office
- Monthly social events
- Paid holidays
- Slowdown periods and Mental Health Days