Senior Associate, Beta Allocation (9-Month Contract)

CPP Investments

  • Toronto, ON
  • Permanent
  • Full-time
  • 6 days ago
Company DescriptionMake an impact at a global and dynamic investment organizationWhen you join CPP Investments, you are joining one of the world's most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians.CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6 trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo, and Sydney.CPP Investments successfully attracts, selects, and retains talented individuals from top-tier institutions worldwide. Join our team for access to:
  • Stimulating work in a fast-paced and intellectually challenging environment
  • Accelerated exposure and responsibility
  • Global career development opportunities
  • Diverse and inspiring colleagues and approachable leaders
  • A hybrid-flexible work environment with an emphasis on in-person collaboration
  • A culture rooted in principles of integrity, partnership, and high performance
  • An organization with an important social purpose that positively impacts lives
If you have a passion for performance, value a collegial and collaborative culture, and approach work with the highest integrity, invest your career here.Job DescriptionWe are presently recruiting for a Senior Associate in Toronto reporting to the Managing Director, Beta Allocation. As part of TFM's evolving strategy to optimize total portfolio implementation, we are seeking a Senior Associate to join the Beta Allocation team, in the Beta, Collateral & Liquidity Management (BCLM) group, to help build and execute the External Beta Partnerships program.This is a unique opportunity to be at the forefront of shaping how CPP Investments partners with high-quality external managers to deliver scalable beta exposure to markets where internal capabilities are either developing or less scalable. This role is ideal for someone who thrives at the intersection of execution and thought leadership and is eager to contribute to a new and high-priority strategic initiative.Key Responsibilities:
  • Lead execution efforts on manager underwriting, due diligence, and onboarding for the External Beta Partnerships pilot program.
  • Partner with CMF on manager selection, term negotiation, mandate structuring, and operational onboarding. Support development of the evaluation framework, including return, liquidity, scalability, and cost-efficiency assessments.
  • Coordinate and manage internal workflows across Risk, Legal, Operations, Finance, and OCIO to ensure effective governance, reporting, and integration into TFM systems.
  • Assess investment opportunities taking into account liquidity impact, leverage cost optimization, active risk utilization, operational efficiency and scalability.
  • Contribute to strategy development through research, peer landscape reviews, and recommendations for future market/geography expansion.
  • Support the refinement of the total fund beta delivery allocation framework, including collaboration with IDs on the evolution of internal enhanced beta programs.
  • Design and implement tools and processes to support performance attribution, transparency, and monitoring in collaboration with CMF and internal stakeholders, with a focus on measuring and monitoring both manager level and total fund exposures and risk through the Balancing Portfolio.
QualificationsWhat We're Looking For:
  • 5-8 years of experience in investment management, manager research, portfolio implementation, or a related field. Strong understanding of public markets and portfolio construction concepts; comfort with alpha/beta separation and risk-adjusted performance frameworks.
  • Prior experience with external manager due diligence is a strong asset. Highly organized and execution-oriented with the ability to manage multiple priorities across functions.
  • Demonstrated ability to collaborate across investment, operational, and risk functions.
  • Self-starter mindset with the ability to operate with ambiguity while shaping a new business model.
  • Strong communication skills, both written and verbal, with the ability to synthesize and present recommendations to senior stakeholders.
  • Willingness to travel.
What You'll Gain:
  • Direct exposure to Beta Allocation strategy development and total fund implementation.
  • Hands-on experience in building a new strategic capability from the ground up.
  • A cross-functional view of how external partnerships can unlock internal efficiency and scale.
  • Mentorship and visibility within TFM, CMF, and other internal partner stakeholders.
Additional InformationVisit our or Follow us on LinkedIn. #LI-AP1 #LI-OnsiteAt 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.

CPP Investments