Associate, Asset Backed & Financials, Credit Investments

Company Description

Make an impact at a global and dynamic investment organization

When you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $500 billion, CPP Investments is a professional investment management organization that globally invests the funds of the Canada Pension Plan (CPP) to help ensure long-term sustainability. The CPP Fund is projected to reach $3 trillion by 2050. CPP Investments invests in all major asset classes, including public equity, private equity, real estate, infrastructure and fixed-income instruments, and is headquartered in Toronto with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney.

CPP Investments attracts and selects high-calibre individuals from top-tier institutions around the globe. Join our team and look forward to:

• A flexible/hybrid work environment combining in office collaboration and remote working
• Being motivated every day by CPP Investments’ important social purpose and unshakable principles
• A deeply rooted culture of Integrity, Partnership and High Performance
• Accelerated exposure and responsibility
• Global career development opportunities
• Stimulating work in a fast-paced, intellectually challenging environment
• Diverse and inspiring colleagues and approachable leaders

If you share a passion for performance, value a collegial and collaborative culture, and approach everything with the highest integrity, here’s an opportunity for you to invest your career at CPP Investments.s.

We are presently recruiting for one full-time hire Associate to join the Asset Backed & Financials group in the Credit Investments (CI) department in Toronto, Canada. Reporting to a senior team member of the Asset Backed & Financials 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. The team has an affable and supportive culture and is looking for someone who will grow with the group over time.

Credit Investments currently manages assets in excess of $50 billion; investment deal sizes range from $50M to over $1B. The Credit Investments team has over 120 investment professionals across North America, Europe and Asia. The Strategic Credit group invests in pools of loans and other credit-like or idiosyncratic assets and provides capital solutions to financial companies. Typical investments include purchasing or financing portfolios of consumer loans or commercial assets such as aircraft or royalties, subordinated lending to specialty finance businesses, and investments in collateralized loan obligations (‘CLOs’) and asset-backed securities (‘ABS’).

Role-Specific Accountabilities:

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

Qualifications

Ideal Candidate Profile:

Ideal candidates for this role have qualifications including the below elements:

• Experience in conducting complicated 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.
• Expertise in financial modelling and accounting is important for this profile. Expertise in modeling structured finance portfolios and using securitization valuation tools (e.g., Intex, DV01, Excel) is a plus.; and
• 3 to 5 years of experience post undergraduate studies in either credit investing or at a financial services firm focused on structured credit, financials M&A, direct lending, CLOs, or High Yield or whole loan portfolio trading/investing, including financing such portfolios.

Other Qualifications:

• Produces accurate, high-quality work.
• Ability to present an argument and distill complex information towards making an investment decision.
• Track record of being a reliable, collaborative, and adaptable deal team member.
• Demonstrates our guiding principles of integrity, partnership, and high perform
• Strong research and analytical skills.
• Exhibits intellectual curiosity and takes initiative.
• Strong interpersonal skills and business relationship 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.

Mandatory Vaccine Policy

All employees in the Toronto, Sydney and Hong Kong offices will be required to be vaccinated against COVID-19. Accommodations to this policy will be made for medical or other protected grounds. Please contact us to discuss any accommodation needs.