Senior Associate, Structured Credit

Company Description

When 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 Description

We are presently recruiting for a Senior Associate, Structured Credit (SC) in our Capital Solutions group within the Credit Investment department, to be based in Toronto.  SC invests in sub-investment grade structured credit, debt capital solutions for financial institutions, life science & IP investments, and special situations in markets across the Americas. The Senior Associate will focus on our structured credit and financials portfolio. Typical investments include purchasing or financing whole loan portfolios, acquiring junior tranches or residuals in ABS securitizations, or providing strategic financing solutions to financial institutions in the Americas. 

Reporting to a senior team member of the Structured Credit team, you will play a key role in making and managing principal credit investments in North America, including investments in structured products and lending to financials companies. You will assist the team in evaluating investment opportunities, analyzing asset portfolios, developing sophisticated pricing and valuation models, conducting statistical research, developing investment recommendations, participating in the execution, monitoring, and management of investments.

Role-Specific Accountabilities:

• Research, analyze and evaluate investment opportunities across multiple sectors.
• Build complex dynamic financial models to analyze investment opportunities, asset portfolios and financing structures with the capability to test assumptions and sensitivities and run scenario analyses and simulations.
• Stratify and analyze large data sets to identify historical performance trends, detect correlations, identify key drivers and derive key assumptions for projection period.
• Assist in preparing presentation materials and presenting investment recommendations to Investment Committees.
• Interact with external parties’ key to the investment process, including management teams, loan sellers, legal counsel, auditors, banks and leverage providers, among others.
• Execute investment opportunities, including reviewing legal documentation, working with internal operations, developing transaction structures; and
• Ongoing monitoring of portfolio investments and reporting performance highlights to Strategic Credit and Investment Committees.

Qualifications

• 5-7 years of relevant work experience in structured credit, either as a credit investor or at a financial services firm.
• Expertise in financial modeling and accounting of structured credit assets is a requirement, including modeling structured credit portfolios and using securitization valuation tools (e.g., Intex, DV01, Excel). Experience in financial modeling and accounting of financial corporates is a plus.
• Experience in conducting complex due diligence work under a compressed timeline, contributing to deal sourcing activities and working with external stakeholders (e.g., management, sponsors, investment banks, etc.).
• US or International market experience is an asset including understanding of market conventions/structures.
• Strong research, analytical, and problem solving skills and ability to think creatively
• Advanced computer/technical skills – MS Excel, MS PowerPoint
• Solid verbal and written communication skills

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.