CPP Investments | Investissements RPC Looking for Associate/Senior Associate, Public Credit, Trading at Toronto, Ontario, Canada Full Time

Make an impact at a global and dynamic investment organization

When you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $500 billion, CPP Investments 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 reach $3 trillion by 2050. CPP Investments 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, San Francisco, São Paulo and Sydney.

CPP Investments 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 CPP Investments’ important social purpose and unshakable principles
• A flexible/hybrid work environment combining in office collaboration and remote working
• 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 CPP Investments.

Job Description

The Public Credit group’s focus is on the development and implementation of scalable alpha and beta strategies in public global credit markets.

The individual will be a key member of the team and will be involved in all aspects of the group’s trading process, as well as some portfolio management functions and ad-hoc projects. Primary responsibilities include facilitating trade execution as well as maintaining strong dialogue with high grade and high yield counterparts for both primary and secondary markets. Additional responsibilities will include helping with trade decisioning, idea generation and relative value monitoring.

Role-Specific Accountabilities:

Reporting to the Portfolio Manager – Public Credit, this position is primarily responsible for trade execution across a variety of public credit instruments across CPP Investment’s Credit Investment department and support in the portfolio management of the group’s high grade and high yield portfolio. The individual will assist the Portfolio Managers across their sectors in building and implementing a wide range of trading strategies, relative-value frameworks, portfolio monitoring tools, and portfolio reporting – with a mindset to generate alpha in group’s tradable credit holdings.

Major areas of responsibilities include:

• Execute OTC trades in public credit markets in the Americas
• Manage trade orders in a logical, risk-controlled manner with a high sensitivity to fiduciary responsibilities
• Identifying and researching new alpha-generating investment opportunities in the US High Grade and High Yield Bond Market
• Monitoring high grade and high yield market dynamics on a daily basis, interacting with sell-side broker dealer desks to develop market insights and color, and work collaboratively with Portfolio Managers to design and implement trade ideas
• Performing fundamental credit research monitoring in collaboration with the sector leads, focused on developing and maintaining relative-value frameworks and developing/communicating the team’s reverse inquiry posts and pricing indications
• Assist in the preparation and implementation of the portfolio’s risk monitoring reports and trade reporting
• Develop and maintain relationships with various counterparties externally (trading counterparties, capital markets syndicate desks, other counterparties, etc.)
• Form strong relationships with internal investment teams by sharing timely feedback on trade performance and pertinent market insights

Qualifications

• 2-5 years of relevant work experience, preferably in market-facing role in credit securities on the sell-side or buy-side.  Demonstrated interest in a career path of a fixed income trading/execution/portfolio management
• Some background in conducting research or providing analysis in the implementation and monitoring of credit relative value strategies, or assisting in trading/portfolio management of credit securities
• Good knowledge of fixed income, credit and finance as well as strong analytical skills. Interest in working in the US High Grade and High Yield markets
• Strong interpersonal skills with demonstrated solid verbal and written communication skills
• Strong proficiency in using Bloomberg, specifically all fixed income and credit functionality
• Solid prioritization and organizational skills
• Demonstrated good judgment, professionalism and integrity
• Ability to prioritize work and manage multiple responsibilities simultaneously in a high performing culture, under pressure and with time-sensitive deadlines
• Undergraduate degree in a STEM or business field with strong academic credentials
• Proven ability to work independently as well as to perform effectively in a team-oriented environment
• Candidates must exemplify CPP Investments’ guiding principles of integrity, partnership and high performance

The following would be considered an asset but is not required:

• Completion or demonstrated progress toward completing a CFA 
• Experience with some programming languages (such as Python, SQL, VBA, Java)

Additional Information

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At CPP Investments, 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.

Our Commitment to Inclusion and Diversity:

In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

Disclaimer:

CPP Investments 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 Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered. CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.

Mandatory Vaccine Policy

All employees in the Toronto, Sydney and Hong Kong offices will be required to be vaccinated against COVID-19. Accommodations to this policy will be made for medical or other protected grounds. Please contact us to discuss any accommodation needs.