Director, Investment Risk, Public, Capital and Private Markets
Healthcare of Ontario Pension Plan
Toronto, Ontario, Canada
6d ago

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

learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth

competitive, 100% company-paid extended health and dental benefits for permanent employees with recent additions to promote inclusive coverage to a diverse employee population.

These recent additions include gender affirmation and fertility drug and treatment coverage

membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security

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

virtual fitness, yoga and meditation classes, nutritional consultations and wellness seminars

we offer a hybrid flexible work model that embraces remote work in Ontario for eligible roles

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

The Director, Investment Risk, Public, Capital and Private Markets will report to the VP, Investment Risk, Public, Capital and Private Markets.

The incumbent will assist the VP in designing and implementing of the investment risk framework, covering market, credit, liquidity, pension liability and other investment-related risks across capital and private markets, focusing on transaction and strategy support.

Responsible with the Senior Director for designing and implementing of processes and systems that can identify, measure / analyse, monitor, report on and mitigate all investment-related risks.

Assist the VP to build strong relationships with Investment Management, Finance, IT and other areas of the HOOPP organization.

Build strong relationships with peers in the industry, regulators, external investment managers and other relevant external parties.

What you will do :

Ensure the appropriate foundation is in place, including organization structure, people and technology to deliver critical support and oversight to investment risk activities for each portfolio / asset classes.

Provide insight in and oversight over, the identification, measurement, monitoring, reporting and mitigation of investment risks, focusing on new strategies, transactions and idiosyncratic risk.

Risk review new transactions and strategies before IRC approval. Enable new investment strategies and opportunities by acting as a trusted advisor to Investment Management in assessing the investment risk impact and viability of new strategies.

Periodically review existing strategies and transactions ("post mortem") to assess risk and performance versus assumptions.

Risk review of pension liability modeling.

Risk review of portfolio construction process and outcomes.

Assist the VP in determining VaR methodology and models for transactions and asset classes / portfolios.

Provide insight in determining stress and scenario tests for transactions, strategies and asset classes / portfolios, as well as for liabilities, as input to Aladdin / ORTEC GLASS.

Reverse stress test strategies, transactions and portfolios / asset classes.

Contribute to HOOPP wide Emerging risk process, through knowleddge of and experience with developments in global markets and (international) financial markets regulation.

Contribute to the design, implementation and maintenance of a risk budgeting / risk limit system, by suggesting alternative risk metrics and limits and obtaining agreement with the portfolio managers.

Contribute to the draft and coordinate the design, implementation and maintenance of Policies / Guidelines for portfolios, in collaboration with Investment Management,

Contribute to design, implement and maintain investment risk reports for portfolios / asset classes, focusing on relevant metrics ( leverage, EBITDA trends, as well as statistical measures such as VaR) for senior management and Board / Board Commitees.

Design and implement risk attribution (marginal, incremental risk, contribution to risk, across exposures and risk factors).

Work with Finance to align risk attribution with performance attribution (ORTEC PEARL).

Contribute to review, draft all internal policies as they pertain to Investment Risk Management, such as but not limited to : SIP&P, IP&G

Model validation of Front Office and Finance (valuation) models.

Monitor industry trends and standards for Investment Risk Management. Assess the impact on HOOPP and implement changes in processes, staffing and technology, to ensure HOOPP is in compliance with regulatory requirements and meeting industry best practices.

Contribute to risk research aimed at improving HOOPP's ability to pro-actively respond to changes in risk factors / economic regimes ( XVA, Liquidity Coverage Ratio, through IA analysis of large datasets).

Drive change and adopt best practices; Continuously drive innovation.

Participate in a leadership capacity in various committees (steering and project control committees) to provide guidance and oversight to various initiatives.

Seek opportunities to leverage technology to streamline processes, reduce operational and trade execution risk, create real-time reporting that allows Investment Management to identify and capitalize on market opportunities.

Continuous scan vendor landscape to identify opportunities to increase operational efficiencies and effectiveness

Champion the evolution of workflow redesign, reengineering and automation to continuously improve efficiency and reduce operational risk.

Research and apply Artificial Intelligence in investment risk processes where beneficial to HOOPP.

What you bring :

University education with a minimum post-graduate degree in business, mathematics, science, engineering, or other quantitative discipline.

Holder of appropriate professional designates, such as CFA and FRM preferred.

Minimum 5 years of working experience in pension industry with strong knowledge of pension risk modeling and associated technology utilization in the financial industry.

Ortec experience and experience in climate risk nice to have and preferred.

Previous experience in asset / risk modeling and other quantitative methodologies a must.

Expert in capital markets risk management; Experience in capital markets front office nice to have.

Experience in private market transactions nice to have.

Previous coding and software development experience a must.

Strategic and forward-looking understanding of emerging technology, such as the application of Artifical Intelligence in risk management.

Demonstrated strong research and innovation skills

Previous experience in designing, implementing and / or managing a cross asset risk system and / or asset simulation system an asset.

Exceptional attention to detail with highly developed interpersonal and communication skills, and excellent English - written and verbal.

Strong time management, organizational skills and the ability to meet tight deadlines.

Alignment with HOOPP's values of Professional, Accountable, Compassionate, Trustworthy and Collaborative.

A conceptual and critical thinker who is adept at large scale problems

Excellent at building and maintaining strong working relationships across the HOOPP organization.

Available for travel as required

Notice for job applicants :

Following the advice of Canadian health authorities, to mitigate the risk of potential spread of COVID-19 and support social distancing, all recruiting activities including interviews and new hire onboarding will be conducted online.

While we are doing our best to ensure reasonable response times, please expect some delays during the recruiting process due to the current situation.

Thank you for your patience and understanding during these challenging times.

For additional information on our adjusted recruitment process, please email us at .

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