Portfolio Manager / Senior Economist - Emerging Factors
Title: Portfolio Manager / Senior Economist - Emerging Factors
- Employer: CPP Investment Board (Total Portfolio Management)
- Location: Canada
- Position Type: Other Non-Academic
- Deadline: Jun 6, 2018
- Job Description:
Make an impact at a global and dynamic investment organization
When you invest your career in CPP Investment Board (CPPIB), you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $300 billion, CPPIB 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 exceed half a trillion dollars by 2025. CPPIB 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, São Paulo and Sydney.
CPPIB 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 CPPIB’s important social purpose and unshakable principles
•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 CPPIB.
The Total Portfolio Management ("TPM") department is responsible for the long- and medium-horizon total portfolio design and the implementation of the total portfolio investment framework. The Emerging Factor team within TPM is responsible for the identification, characterization and sizing of Fund appetite for Emerging Factor exposure. Appetite for Emerging Factors needs to be considered jointly with the standard empirical factors that form the backbone of our portfolio construction and risk management approach. The potential impact of anthropogenic climate change on optimal portfolio design will be a core focus of this team over the coming years, alongside research into other Emerging Factors.
An immediate opening is available within CPPIB for a Portfolio Manager in the Portfolio Research group to lead the research in identifying, evaluating and implementing a framework for determining portfolio appetite for emerging factors. The successful applicant will have experience developing economic (DSGE, CGE, GVAR, I/O) models and will have a solid understanding of all key thematic climate change topics. Experience creating economic simulations using data from a large open source climate models would be considered valuable, but not necessary, as would experience with catastrophe risk modeling and related climate change risks
•Lead a suite of projects that will seek to identify and prioritize emerging factors and propose changes to our long-term target investment portfolio in response to the changing landscape
•Initial work will focus on the investment implications of climate change but flexibility is expected as institutional priorities change
•Keep abreast of latest related research and expert views (internal and external)
•Build and maintain relationships with professional peers and appropriate agencies, in order to identify any potential collaboration and ideas for future analyses
•Responsible for all aspects of project leadership including, technical leadership, mentoring of junior staff, producing research and position papers for internal consumption
•Given the multi-year nature of many research projects in the group, candidates must be capable of adopting, modifying, and implementing a project plan
•Lead collaboration with other department and collaboration with internal stakeholders
•Lead and direct research into development of innovative approaches to emerging factor evaluation in order to best position the long-term portfolio
•Provide thought leadership and mentor junior team members
•Effective communication of research and recommendations to technical and non-technical audiences as well as to senior stakeholders
•Assist in business development including the development of proposals for new work
•Economics PhD and 3 or more years of experience; or, Economics Master's Degree and 6 or more years of experience; or, Economics Bachelor's Degree and 8 or more years of experience
•Proficient in econometric software
•Candidates from other quantitative fields, who possess relevant and applied background, are also encouraged to apply
•Applies demonstrated and extensive analytical skills to identify and drive research on emerging risks
•Keen interest in portfolio strategy and thematic investment trends
•Strong interest in politics and geopolitics and how technology and social factors influence economic outcomes
•Demonstrates leadership in several areas of team, task or project lead responsibilities
•Considered a technical resource
•Ability to prioritize and manage multiple project deliverables and demands, meet tight timelines and work well under pressure
•Exceptional written and oral communication and interpersonal skills, particularly ability to communicate complex subjects to a less technical audience
•Exceptional collaboration and team skills, with demonstrated ability to work cross-functionally with other team members and departments
•Exemplifies CPPIB’s Guiding Principles of Integrity, Partnership and High Performance
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At CPP Investment Board, we are committed to diversity and equitable access to employment opportunities based on ability.
We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process
CPP Investment Board does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investment Board to provide resumes to this posting or web-site will be considered unsolicited and will not be considered. CPP Investment Board will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.