Senior Associate, Dynamic Portfolio Management (12-month …, Toronto

Joining CPP Investments means joining one of the world’s most admired and respected institutional investors to drive a single mandate: to deliver strong, sustainable returns for generations of Canadians.

Role Summary The Dynamic Portfolio Management (“DPM”) group is a center of excellence for exposure management of the Fund, ensuring the Fund remains aligned with its intended exposures while delivering value-add. This is achieved by optimally managing asset and factor exposures as well as through tactical asset allocation, within a Total Portfolio Approach. Reporting to a Managing Director within the Dynamic Portfolio Management (DPM) group, the Senior Associate will play a key role in supporting portfolio construction and risk management for both the tactical portfolio and the DPM overlay portfolio. The role also involves contributingto the research, development, and day-to-day management of tactical strategies. This individual will combine strong analytical capabilities with a collaborative mindset to enhance investment decision-making and portfolio outcomes.

Accountabilities

Contribute to the design, enhancement, and ongoing refinement of risk allocation and risk management frameworks for the tactical and DPM overlay portfolios, ensuring alignment with investment objectives and risk tolerances.

Conduct rigorous quantitative research on portfolio construction methodologies, risk forecasting models, scenario analysis, and cross-asset analytics spanning equities, fixed income, currencies, equity indices, and commodities.

Collaborate closely with team members to research, develop, and implement systematic tactical signals, with a particular focus on advancing Bond Risk Premia (BRP) strategies.

Support the day-to-day management of portfolios by evaluating positioning relative to market conditions, monitoring exposures, and assessing risk across multiple dimensions.

Partner with colleagues in the IEA team to design and enhance analytical tools to support investment processes.

Support broader DPM activities, including the development and evolution of portfolio monitoring frameworks to assess exposures, performance, and risk.

Contribute to cross-team initiatives and broader departmental projects as required.

Qualifications

At least 5 years of relevant experience in portfolio construction and/or quantitative macro research and portfolio management, ideally within a multi-asset or asset allocation context. Expertise across multiple asset classes, and a strong understanding of macro drivers of returns and cross-asset linkages are considered assets.

Demonstrated experience independently developing systematic macro investment strategies end-to-end— including signal design, portfolio construction, and performance analysis — using macro, financial, and alternative datasets, and building scalable multi-asset modelling frameworks, with strong proficiency in Python (or comparable).

Experience operating in a market-facing investment role, with a total portfolio perspective that integrates mandate objectives, risk trade-offs, cross-asset interactions, and systematic insights, is an asset.

Experience applying empirical statistical and quantitative techniques to financial and macroeconomic data. Experience with AI-assisted coding tools and the ability to leverage them effectively to enhance modeling and portfolio analysis are assets.

Graduate degree in Finance, Economics, Mathematics, Engineering, or a related quantitative discipline preferred.

Ability to think critically and creatively, and to exercise sound investment judgement.

Strong collaborative mindset and ability to work effectively with cross-functional stakeholders.

Effective communication skills across a broad range of stakeholders.

Self‑motivated, organized, flexible, and adaptable to changing priorities and new challenges.

Successful candidates must consistently exemplify CPP Investments’ guiding principles of high performance, integrity, and partnership.

Inclusion&Accessibility CPP Investments is committed to equitable access to employment and building a workforce that reflects diverse talent and perspectives. If you require accommodation at any stage of the recruitment process, please let us know and we will work with you to meet your needs.

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