Manager, Public Markets Middle Office

Company Description

Make an impact at a global and dynamic investment organization

When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. With more than $600 billion in assets under management, CPP Investments is a professional investment management organization that globally invests the funds of the Canada Pension Plan (CPP) to help ensure it is financially sustainable 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 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

As a Manager, Public Markets Middle Office, you will support the public investment teams with advanced transaction management, asset servicing, investment accounting, reporting and valuations. You will also oversee the day-to-day evaluation, accounting, and monitoring of relevant investment portfolios, covering all asset classes and security types. You will also support/enable priorities to target state.

The Middle Office, Trade Capture & Support teams are accountable for ensuring all bilateral based strategies are executed in an effective and efficient manner, from trade booking to maturity/settlement.   The group is cross-asset and provides support for a range of products including but not limited to variance swaps, total return swaps, options, credit default swaps, interest rate swaps and securities lending/borrowing.

Accountabilities:

• Lead talent & performance management for a team of high performing individuals including individual and team objective setting.
• Provide leadership and guidance in the day-to-day management of advanced investment operations functions; ensuring accuracy of trade tickets and accounting entries, completeness of supporting documentation, validation of transaction amounts and ensuring appropriate authorizations are in place in order to facilitate investment closings and start of day trading.
• Partner with colleagues from the Investment Departments, Finance, Legal, and Risk to assist in investment closings through documentation review, system setups, transaction entries and settlements. 
• Lead the processing of complex investments with the ability to understand impact on accounting, reporting and performance.
• Lead the review of financial statements, note disclosures and management reports to ensure accuracy and completeness, as well as provide valuable insights and commentary.
• Lead the quarterly/monthly valuation review; ensure valuation adjustments are accurately recorded and bring any errors/ inconsistencies to management’s attention. Provide insightful valuation analysis.
• Maintain an ongoing effective working relationship with internal investment staff and external asset managers to ensure issues are discussed and resolved and financial controls and reporting requirements are met.
• Lead daily validation and reconciliation of recordkeeping for delivery.
• Build a reputation as a subject matter expert in the investments domain for issues related to investment operations and accounting.
• Represent the team and/or lead various initiatives, both firm-wide & team-specific, including system upgrades/implementations, new product & activity onboarding, and ad-hoc management requests.
• Compile & maintain a useful suite of metrics/KPIs to track operational trends, identify efficiency opportunities, and drive continuous improvement.
• Continually strive for operational excellence; seek ways to streamline processes, while creating and enabling operational efficiencies.
• Maintain an ongoing effective working relationship with internal investment staff and external asset managers to ensure issues are discussed and resolved, financial controls and reporting requirements are met.

Qualifications

• Undergraduate degree or college diploma in related field.
• 6+ years of relevant experience, preferably within Middle Office and/or trade lifecycle management, with direct experience in trade capture, enrichment, and support of OTC/bilateral products considered an asset.
• Professional designations such as a CBV, CFA, CPA are considered an asset.
• Strong analytical, financial and management accounting skills will be necessary to perform this role.
• Advanced Excel skills and comfortable learning new systems.
• Experience with investment systems such as Murex, Simcorp, Bloomberg AIM, Equilend, or Traiana. Familiarity with SQL, VBA, or Python for process automation and data analysis is an asset.
• Able to synthesize larger amounts of complex information, clarify and evaluate significance and provide value add insights in investment analysis, reporting systems and computer applications.
• Ability to identify potential cross-functional gaps or risks and proposes effective solutions along with appropriate governance and controls to mitigate the identified risks.
• Ability to understand issues relevant to the broad organization and the businesses strategic goals.
• Proven ability to structure both written and verbal communication to effectively raise and resolve issues across all levels of the organization.

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.