Quantitative Finance Internship

CPP Investments

  • Toronto, ON
  • Training
  • Full-time
  • 7 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 currently recruiting interns for Quantitative Finance Internship for the Winter 2026 term and invite students interested in exploring opportunities within quantitative finance to apply. Positions are available for a four-month internship beginning in January 2026, across several participating teams.Participating Teams1. Quantitative Models, Research - Total Fund ManagementTeam Overview: The Quantitative Models, Research group within TFM delivers focused, high-impact research and builds robust, consistent tools - from quantitative models and machines to dashboards and analytical tools - that sharpen investment decisions and strengthenWhat you'll do:
  • Design components of the portfolio management platform ensuring flexibility and maintainability
  • Collaborate with quant researchers and portfolio managers to clarify specifications and interpret results
  • Assess and communicate the impact of modeling changes on portfolio metrics
  • Apply programming expertise, optimization, and numerical analysis to ensure robustness
  • Prototype and develop portfolio analytics and quantitative models used in top-down portfolio management
2. Public Credit - Credit InvestmentsTeam Overview: The Public Credit (PC) group invests in investment and sub-investment grade, public, single-name credits (such as corporate credits in an individual company) and credit indexes globally across all sectors. The group invests in liquid credit products across the capital structure with a focus on products with higher credit ratings. Instruments include corporate bonds, hard-currency sovereign debt, credit exchange-traded funds, credit derivatives, asset-backed securities, residential mortgage-backed securities and collateralized loan obligations. PC also manages the Supplementary Credit Pool portfolio, a passive portfolio of high grade global corporate bonds. .What you'll do:
  • Leverage programming skills in Python and SQL to develop and enhance proprietary analytical tools.
  • Enhance risk reporting and performance analysis tools.
  • Collaborate with portfolio managers and the Quantitative team to improve models.
  • Monitor credit markets and macro environment to contribute to research and trade ideas.
  • Conduct ad-hoc analysis on portfolio management, market structure, and investment opportunities.
3. Credit Strategy - Credit InvestmentsTeam Overview: The main objective of the Credit Strategy team is to allocate capital to the various groups across Credit Investments with the aim of maximizing alpha generation. The team collaborates with other departments in the fund to provide portfolio analytics and to ensure the portfolio is well-positioned and within fund-level expectations. The team also consistently follows market analysis and primary research to facilitate relative value discussions within the department.What you'll do:
  • Assist in building out the portfolio strategy function for the Credit Investments department.
  • Develop portfolio construction and monitoring tools.
  • Create a relative value framework to optimize portfolio effectiveness.
  • Analyze investment opportunities and their fit within the CI portfolio.
  • Collaborate with other departments to integrate decision-making, improve reporting, and incorporate market inputs.
Qualifications
  • Currently pursuing an undergraduate or graduate degree in STEM, business, finance, economics, mathematics, engineering, computer science, or related field, graduating August 2026 or later, with excellent academic performance.
  • Strong problem-solving, analytical, written and verbal communication skills; ability to manage multiple priorities and thrive in a collaborative, dynamic environment.
  • Programming experience in Python (strongly preferred) with exposure to TypeScript, SQL, database management (MySQL, SQL Server, Oracle), and other languages (C++, Java, R, VBA) considered an asset.
  • Interest in finance, investment management, capital markets, modern portfolio theory, and quantitative portfolio techniques; background or interest in numerical analysis, optimization, linear algebra, or software design is an asset.
Additional InformationIf you have an interest in working with talented professionals in the financial industry in an environment of integrity, partnership and high performance, then you should consider a career in at CPP Investments.To apply, please include a cover letter, resume and transcripts (full unofficial version) by September 9, 2025 at 11:59pm EST.Visit our or Follow us on .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.

CPP Investments