Analyst, Total Portfolio

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

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 gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, and newly extended maternity/parental leave top of 26 weeks)

optional post-retirement health and dental benefits subsidized at 50%

yoga classes, meditation workshops, nutritional consultations, and wellness seminars

access to an annual wellness reimbursement program for health and wellness-related expenses for permanent and temporary employees

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

About the Team

The Total Portfolio Group (TPG) was established in 2020 as part of the Investment Management (IM) division. Its primary role is to oversee the overall investment portfolio of the Fund, ensuring the long-term fulfillment of HOOPP's pension commitments. TPG serves as the key total fund advisory body to the Chief Investment Officer, focusing on comprehensive fund-related matters related to investments and beyond. As an integral component of the Front Office within the Investment Management Division, TPG's three core functions include Investment Strategy and Research, Portfolio Management and Implementation, as well as Analytics. TPG also serves as a specialized advisory body to HOOPP's Executive Team, which comprises C-Suite executives.

Investment Strategy & Research: This function is dedicated to creating strategies and conducting research across various domains, including market trends, economic factors, asset allocation, asset-liability matching, factor analysis, and inflation dynamics. Key tasks include determining the allocation of investments across different asset classes such as stocks, bonds, real estate, and alternative investments, aiming to maximize returns and control risk, formulating policy mix recommendations for the Asset-Liability Management Board Subcommittee, conducting research on specific asset classes, and performing macro-economic analysis.

Portfolio Management & Implementation: This function is tasked with devising portfolio management solutions. The team collaborates cross-functionally to address challenges in liquidity and currency management, benchmark setting and rebalancing, evaluating performance (comparing Value-Add against Policy), and asset mix reporting design, among other responsibilities.

Analytics: The focus of this function is on the development of tools for both TPG and the wider Investment Management (IM) division, enhancing portfolio and risk management capabilities. Activities include providing custom risk analysis and reports for the front office, representing IM in key enterprise IT projects such as data programs and CRM systems, and serving as IM's point of contact with risk system vendors.

About the Role

The successful candidate will join a highly skilled team with expertise in Investments, Finance, Statistics, Quantitative Analysis, and Data Science. They will be involved in regular meetings both within the Total Portfolio Group (TPG) and with senior leadership such as the Senior Managing Director of TPG and the Chief Investment Officer at HOOPP. This position is particularly suited for individuals seeking to deepen their understanding and skills in areas like top-down strategic asset allocation, portfolio management, investment analytics, and cross-asset risk management. It offers an excellent opportunity for those aiming to advance their career in asset management and investment sectors. Additionally, the candidate will have the chance to learn from industry experts regularly, working within a small, cooperative team that functions in a flat organizational hierarchy, promoting open communication and collaboration.

This position involves supporting all areas of TPG's operations, including conducting investment strategy research, developing portfolio management solutions, and working on analytics. The ideal candidate should be adept at handling ambiguity and highly creative, as innovative problem-solving is essential at TPG. Collaboration with the team is essential, and the candidate should understand their role within TPG, demonstrating an ability to multitask and step up when needed. The candidate should have an open and growth-oriented mindset and be capable of taking feedback constructively. A strong understanding of financial markets and proficiency in financial analysis are essential. Effective writing and communication skills are crucial, as the role involves producing high-quality research reports and simplifying complex concepts for easier understanding. The candidate should possess a diverse skill set, including excellent Excel abilities and coding expertise.

Reporting to the Senior Managing Director (SMD), Total Portfolio, the Analyst will focus on a variety of research and investment activities in TPG. Working very closely with a small team of senior investment professionals, they will play an important role in making global investments and have key responsibilities in the following areas.

What you will do:

The role involves a comprehensive range of responsibilities focused on supporting TPG's operations in various capacities:

Support investment research processes, including gathering and organizing research data, conducting analyses using Excel and/or Python, and contributing to the preparation of research documents.

Monitor financial markets and investment trends, providing research support to inform views and frameworks for asset allocation.

Assist in the preparation of investment recommendations, contributing to the assessment of investment merits and risks through research and analysis of market trends, industry dynamics, and competitor performance.

Participate in the development of investment strategies, aiding in the creation of educational materials and presentations for senior management and investment committees.

Contribute to drafting investment and research memoranda, utilizing PowerPoint and Word to create documents that effectively communicate findings through charts and tables.

Coordinate with internal investment, operational, legal, and tax teams to support accurate structuring and booking of positions and P&L.

Collaborate with various departments to gather internal data (such as positions, risk, and P&L) for analysis.

Assist in creating reports on asset mix, positions, risk, P&L, and related visualizations.

Support the design and implementation of portfolio management strategies, including tasks related to rebalancing, currency management, leverage, and liquidity management.

Aid in preparing and analyzing quarterly Asset-Liability Management (ALM) reports.

Participate in testing and evaluating the effectiveness of the Aladdin risk system.

Assist in the development and construction of reporting tools for various risk exposures, tailored for front office use.

Help manage and troubleshoot daily front office reports.

Contribute to streamlining investment system processes and automating daily reconciliation and error-checking processes for key reports on P&L, risk, and liquidity.

Support the development of analysis tools and what-if scenarios for total fund decision-making, particularly in regard to asset mix shifts.

Provide assistance in portfolio analysis and financial modeling for both private and public asset classes, addressing emerging portfolio issues.

Work collaboratively with the technology team on internal tech initiatives.

Assist in preparing both oral and written materials for the Total Portfolio Group.

Conduct research on markets, model methodologies, and participate in various total fund projects as needed.

Engage in continuous learning and development activities to stay abreast of industry trends and best practices in investment management.

Facilitate knowledge sharing sessions within the team to promote a culture of continuous learning and improvement.

What you bring:

A strong thinker capable of merging strategic insight with practical investment ideas to positively impact HOOPP's operations and investment strategies.

Skilled in establishing strong connections within the team and throughout HOOPP.

Self-motivated and results-driven, demonstrating discipline and the ability to work independently.

For the role described, the following qualifications would be ideal:

Educational Background: A degree in Finance, Economics, Statistics, Mathematics, or a related field. An advanced degree Master’s or or professional certifications (such as CFA or FRM) would be highly advantageous.

Experience in Financial Markets: 2 – 5 years of relevant experience in investment management, financial analysis, or a related field. Familiarity with pension fund management would be a plus.

Analytical Skills: Solid proficiency in financial analysis, including the ability to interpret and analyze financial data with accuracy.

Technical Expertise: Proficiency in Word, PowerPoint, and Excel. Experience with or a strong interest in learning programming languages like Python for data analysis and financial modeling.

Research Skills: Capability in conducting investment research and developing basic research reports. Ability to compile and present information clearly and concisely.

Knowledge of Portfolio Management: Basic understanding of portfolio management concepts, such as asset allocation, risk management, and rebalancing strategies.

Risk Management Experience: Familiarity with risk management principles and tools. Experience with risk management systems like Aladdin is advantageous.

Communication Skills: Good written and verbal communication skills, capable of explaining financial concepts to varied audiences.

Professional Attributes: Demonstrates integrity and professionalism with a keen attention to detail.

Problem-Solving Abilities: Creative problem-solving skills and a comfort with working in ambiguous situations.

Collaborative Mindset: Ability to work effectively in team settings and contribute positively to a collaborative work environment.

Adaptability and Learning Orientation: Eagerness to learn new skills, adapt to changes, and be open to feedback for ongoing development.

Project Management: Competence in handling multiple tasks or projects with the ability to meet deadlines.

Technological Savvy: Comfort with technology and a willingness to learn about internal IT systems and data programs.

Continuous Education: A commitment to staying informed about the latest trends and developments in the investment and financial sectors.

This role requires a blend of technical financial skills, strategic thinking, excellent communication abilities, and a collaborative approach to work within a dynamic and fast-paced environment.

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