Senior Analyst, Equity Replication and Balance-Sheet Activities (Temporary – 18 months) Full Time

ABOUT US

We’re one of Canada’s largest pension investors, with CAD$299.7 billion of net assets as of March 31, 2025.

We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.

Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP Investments, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.

ABOUT THE TEAM

The Beta Management, Equity Beta and Market Access team is part of the Total Fund Management division. This group ensures Beta delivery for PSP, with the primary aim of minimizing deviations from PSP’s benchmarks. In addition, the group ensures that it maximizes the value of its assets through Beta optimization and equity financing transactions, as well as optimizing the external lending and borrowing of its securities. The incumbent will mainly contribute to the optimization of PSP’s equity beta portfolio.

ABOUT YOUR ROLE

As a Senior Analyst, Equity Replication and Balance-Sheet Activities, you’ll:
– Negotiate borrowing and lending rates for securities to ensure alignment with prevailing market conditions
– Assist the securities financing manager in scaling business activities
– Participate in the design of a robust operational model that facilitates the expansion of the lending business in collaboration with internal teams
– Support the integration of new systems into the existing technological infrastructure
– Generate precise and comprehensive analytical reports for internal stakeholders and monitor profit and loss metrics associated with lending and financing strategies
– Foster strong relationships with market participants, identify and onboard new profitable counterparties
– Continuously review and refine internal processes to maximize efficiency across transaction negotiation, settlement, collateral management, and regulatory compliance
– Participate in the daily operations of index portfolios
– Acquire an understanding of index replication strategies and the range of investment products employed
– Gain insight into index rebalancing procedures and methodologies
– Collaborate with the manager on index rebalancing activities

WHAT YOU’LL NEED

– Bachelor’s degree in business, Finance or related fields; Graduate degree or MBA, an asset
– Professional designation such as CFA considered an asset
– Minimum of five (5) years of work experience or any other combination of relevant education and experience
– Proficiency in statistical analysis and data modelling
– Good knowledge of derivatives and derivatives trading
– Strong programming skills, particularly in languages such as SQL
– High level of proficiency with Microsoft Office Tools (more specifically Excel, Word and PowerPoint) and with financial analytical tools such as Bloomberg
– Demonstrated team spirit, eager to work in a high-performance culture and willing to learn from experienced team members
– Bilingualism required (fluency in French and English, spoken and written) *Frequent interactions in English with PSP employees based in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa

We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to:
– Investment in career development
– Comprehensive group insurance plans
– Competitive pension plans
– Unlimited access to virtual healthcare services and wellness programs
– Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers
– A personalized family-building support, from pre-pregnancy to menopause, with available financial assistance
– Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
– A hybrid work model with a mix of in-office and remote days

*Benefits package may vary based on your employee type.

At PSP Investments, we aim to provide a workplace where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.