Posted on: October 2, 2023
Why join the TTC Pension Plan (TTCPP)
We care about the employees that work at TTCPP and the excellent services they provide to our members! As a member of the team, you play a critical role in the success of TTCPP, by working together as we live out our values, we can meet our vision and our mission!
TTCPP is a defined benefit pension plan established in 1940 for employees of the Toronto Transit Commission, the Amalgamated Transit Union Local 113, and TTCPP. For more than 80 years, we have been providing a secure retirement income for our members. The Plan is strong with more than 27,000 members and $8.0 billion in net assets.
Our VISION is clear: To always be there for our members–today and for a lifetime.
Our MISSION is providing a financially secure retirement for our members by delivering a pension for life at a reasonable cost. Supporting our members with responsiveness, open communication and hands-on service, now and throughout their retirement.
Our VALUES are – Sustainability, Accountability, Communication, Knowledge, and Professionalism.
Learn more about who we are!
Position Summary
We are seeking an intermediate Associate with primarily public market experience to join the
Investment team! If you have a solid background and understanding in public markets and
working knowledge of portfolio management together with thorough due diligence, we want to
hear from you!
This role will cover primarily public markets, with future growth opportunities in private markets.
You will be responsible for assisting the investment team on investment recommendation
activities, manager on-boarding and continuous monitoring responsibilities. You will be involved in the investment lifecycle from idea generation through to execution and total portfolio
construction.
Our public markets investments, covers equities, fixed income and hedge funds/absolute return.
Take a read of our Year in Review to learn more!
What will I do?
Responsibilities include, but are not limited to, the following:
- Actively involved in the oversight of the Plan’s public markets (equities, fixed income, and hedge funds/absolute return).
- Responsible for researching new asset (and sub-asset classes) classes, strategies and investment managers.
- Work with the Portfolio Manager to present the analysis and recommendation to the Investment Committee and Board of Directors.
- Prepare attributions and analyses of investment performance to support the assessment of
investment strategies and managers.
- Co-ordinate review meetings with managers and prepare quarterly evaluations of their strategies and performance.
- Lead the documentation and organization of call, visit and meeting recaps and reporting.
- Assist in the negotiation of contracts and co-ordination of legal and tax reviews with outside counsel.
- Support the monitoring and risk management of the Plan.
- Prepare and present periodic reports, portfolio reviews and other ad hoc requests to the investment team, relevant investment committees, Board of Directors and various Committees.
- Maintain a network with colleagues within the institutional investment community and among the investment manager community.
- Assist in advancing TTC Pension Plan’s environmental, social, and governance (ESG) initiatives, by integrating ESG considerations into the investment and monitoring process.
- Stay abreast of capital markets conditions, pro-actively identify and research new strategic initiatives and tactical investment opportunities globally.
- Perform other duties as assigned.
What will help me be successful?
Skills & Qualifications
- Post-secondary education in academic program, such as Finance, Accounting, or a related field or equivalent direct work experience.
- Completion of CFA Level I or CAIA, or an equivalent related designation is an asset.
- 3+ years of working experience as a research analyst, investment analyst, associate, in the pension, consulting, or asset management industries, with a focus on public market investing.
- Experience underwriting and investing in public markets investments.
- Qualitative and quantitative analytical and financial modeling skills, to produce and communicate on performance indicators, findings and trends.
- Proven experience and understanding in performance evaluation reporting, measurement and methodologies, portfolio reporting and risk characteristics.
- Knowledgeable in portfolio management, due diligence, capital markets, investment and accounting
- Proficiency and experience with investment analytics and risk software packages (e.g. Bloomberg, Morningstar Direct, Axioma, BarraOne, etc.), and the utilization of data automation/API tools.
- Proficiency with financial analysis software, Microsoft Suites (i.e. Excel, Word), PowerPoint, Teams,
- VBA, Python, SQL and Tableau, or similar office tools.
- Availability and readiness to travel domestically and internationally up to 10% of the time.
Key Behavioral Indicators
- Excellent analytical and problem-solving skills.
- Embrace a collaborative approach, actively sharing knowledge within a team-oriented environment.
- Attention to detail, to ensure quality and accurate outputs, which meet the investment team’s policies, practices and standards, and compliance with regulatory requirements.
- Proactive self-starter and learner in undertaking assignments, projects and initiatives.
- Excellent communication skills (written and verbal), in order to develop presentations, present and recommend direction and solutions.
- Demonstrated ability to work independently in a fast-paced environment, effectively managing multiple priorities and meeting deadlines.
- Demonstrate professionalism, integrity and ability to act with discretion to maintain confidentiality.
What do you offer?
- Exciting and challenging work
- Defined benefits pension plan
- Flexible and hybrid work model that supports collaboration and work life balance
- TTC transportation pass
- Paid time-off & floater days
- Maternity/Parental leave top-up
- Comprehensive employer paid extended healthcare coverage and dental benefits
- Fertility treatments, mental health support, and gender affirmation coverage
- Employer paid continuous learning, professional development and networking opportunities
We are committed
TTCPP is an equal opportunity employer, committed to the principles of the Accessibility for
Ontarians with Disabilities Act (AODA). We will provide an accessible experience for applicants,
members, guests, and TTCPP employees. We are committed to providing an inclusive and
barrier-free work environment.
We are also committed to fostering a work place that encourages and welcomes all elements of
diversity, equity and inclusivity.
If you require accommodations at any stage of the hiring process, please confidentially contact careers@ttcpp.ca. All information received in relation to your accommodation will be confidential.
How to apply
Candidates must be legally entitled to work in Canada. Any offer of employment made, will be
conditional upon a credit check, criminal record check and reference check.
We welcome and encourage all qualified applicants to apply. We thank all applicants interested
in this opportunity; however, we will contact those selected for various stages in the hiring process.
Why join the TTC Pension Plan (TTCPP)
We care about the employees that work at TTCPP and the excellent services they provide to our members! As a member of the team, you play a critical role in the success of TTCPP, by working together as we live out our values, we can meet our vision and our mission!
TTCPP is a defined benefit pension plan established in 1940 for employees of the Toronto Transit Commission, the Amalgamated Transit Union Local 113, and TTCPP. For more than 80 years, we have been providing a secure retirement income for our members. The Plan is strong with more than 27,000 members and $8.0 billion in net assets.
Our VISION is clear: To always be there for our members–today and for a lifetime.
Our MISSION is providing a financially secure retirement for our members by delivering a pension for life at a reasonable cost. Supporting our members with responsiveness, open communication and hands-on service, now and throughout their retirement.
Our VALUES are – Sustainability, Accountability, Communication, Knowledge, and Professionalism.
Learn more about who we are!
Position Summary
We are seeking an intermediate Associate with primarily public market experience to join the
Investment team! If you have a solid background and understanding in public markets and
working knowledge of portfolio management together with thorough due diligence, we want to
hear from you!
This role will cover primarily public markets, with future growth opportunities in private markets.
You will be responsible for assisting the investment team on investment recommendation
activities, manager on-boarding and continuous monitoring responsibilities. You will be involved in the investment lifecycle from idea generation through to execution and total portfolio
construction.
Our public markets investments, covers equities, fixed income and hedge funds/absolute return.
Take a read of our Year in Review to learn more!
What will I do?
Responsibilities include, but are not limited to, the following:
- Actively involved in the oversight of the Plan’s public markets (equities, fixed income, and hedge funds/absolute return).
- Responsible for researching new asset (and sub-asset classes) classes, strategies and investment managers.
- Work with the Portfolio Manager to present the analysis and recommendation to the Investment Committee and Board of Directors.
- Prepare attributions and analyses of investment performance to support the assessment of
investment strategies and managers. - Co-ordinate review meetings with managers and prepare quarterly evaluations of their strategies and performance.
- Lead the documentation and organization of call, visit and meeting recaps and reporting.
- Assist in the negotiation of contracts and co-ordination of legal and tax reviews with outside counsel.
- Support the monitoring and risk management of the Plan.
- Prepare and present periodic reports, portfolio reviews and other ad hoc requests to the investment team, relevant investment committees, Board of Directors and various Committees.
- Maintain a network with colleagues within the institutional investment community and among the investment manager community.
- Assist in advancing TTC Pension Plan’s environmental, social, and governance (ESG) initiatives, by integrating ESG considerations into the investment and monitoring process.
- Stay abreast of capital markets conditions, pro-actively identify and research new strategic initiatives and tactical investment opportunities globally.
- Perform other duties as assigned.
What will help me be successful?
Skills & Qualifications
- Post-secondary education in academic program, such as Finance, Accounting, or a related field or equivalent direct work experience.
- Completion of CFA Level I or CAIA, or an equivalent related designation is an asset.
- 3+ years of working experience as a research analyst, investment analyst, associate, in the pension, consulting, or asset management industries, with a focus on public market investing.
- Experience underwriting and investing in public markets investments.
- Qualitative and quantitative analytical and financial modeling skills, to produce and communicate on performance indicators, findings and trends.
- Proven experience and understanding in performance evaluation reporting, measurement and methodologies, portfolio reporting and risk characteristics.
- Knowledgeable in portfolio management, due diligence, capital markets, investment and accounting
- Proficiency and experience with investment analytics and risk software packages (e.g. Bloomberg, Morningstar Direct, Axioma, BarraOne, etc.), and the utilization of data automation/API tools.
- Proficiency with financial analysis software, Microsoft Suites (i.e. Excel, Word), PowerPoint, Teams,
- VBA, Python, SQL and Tableau, or similar office tools.
- Availability and readiness to travel domestically and internationally up to 10% of the time.
Key Behavioral Indicators
- Excellent analytical and problem-solving skills.
- Embrace a collaborative approach, actively sharing knowledge within a team-oriented environment.
- Attention to detail, to ensure quality and accurate outputs, which meet the investment team’s policies, practices and standards, and compliance with regulatory requirements.
- Proactive self-starter and learner in undertaking assignments, projects and initiatives.
- Excellent communication skills (written and verbal), in order to develop presentations, present and recommend direction and solutions.
- Demonstrated ability to work independently in a fast-paced environment, effectively managing multiple priorities and meeting deadlines.
- Demonstrate professionalism, integrity and ability to act with discretion to maintain confidentiality.
What do you offer?
- Exciting and challenging work
- Defined benefits pension plan
- Flexible and hybrid work model that supports collaboration and work life balance
- TTC transportation pass
- Paid time-off & floater days
- Maternity/Parental leave top-up
- Comprehensive employer paid extended healthcare coverage and dental benefits
- Fertility treatments, mental health support, and gender affirmation coverage
- Employer paid continuous learning, professional development and networking opportunities
We are committed
TTCPP is an equal opportunity employer, committed to the principles of the Accessibility for
Ontarians with Disabilities Act (AODA). We will provide an accessible experience for applicants,
members, guests, and TTCPP employees. We are committed to providing an inclusive and
barrier-free work environment.
We are also committed to fostering a work place that encourages and welcomes all elements of
diversity, equity and inclusivity.
If you require accommodations at any stage of the hiring process, please confidentially contact careers@ttcpp.ca. All information received in relation to your accommodation will be confidential.
How to apply
Candidates must be legally entitled to work in Canada. Any offer of employment made, will be
conditional upon a credit check, criminal record check and reference check.
We welcome and encourage all qualified applicants to apply. We thank all applicants interested
in this opportunity; however, we will contact those selected for various stages in the hiring process.
Job Location: Toronto. Conveniently located at Yonge/Bloor
Job Type: Permanent Full Time. Hybrid
Apply Now