Senior Investment Officer

Senior Investment Officer

Investments

Permanent, Full Time

About us:

The Ontario Pension Board (OPB) administers the Public Service Pension Plan (the PSPP), a major defined benefit pension plan sponsored by the Government of Ontario. With over 106,000 members and almost $40 billion in assets, the PSPP is one of Canada’s largest pension plans. It is also one of the country’s oldest, successfully delivering the pension promise since the early 1920s. Learn more about OPB.

About the role:

Reporting to the Managing Director, Investments, the Senior Investment Officer supports the development, assessment, and oversight of the Plan’s investment strategy and investment activities undertaken by the Plan’s delegated investment manager. The role contributes to strategic investment analysis, portfolio and risk assessment, and the monitoring of investment performance, portfolio positioning, and implementation of investment strategies. Working closely with the Chief Investment Officer (CIO) and the Managing Director, Investments, the Senior Investment Officer provides independent analysis and objective insights to support informed decision-making, effective governance, and the achievement of the Plan’s long-term investment and funding objectives. This position is well suited for an experienced institutional investment professional with strong analytical capabilities and a passion for connecting investment strategy, risk management, and long-term plan sustainability.

Key Responsibilities:

Strategy & Asset Mix

• Perform analysis supporting OPB’s long-term investment strategy in accordance with best practices and the long-term investing objectives to ensure the long-term sustainability of the Plan.
• Provide analysis and support related to investment management activities delivered through IMCO, including assessing implementation of investment strategies, portfolio risks, and alignment with the Strategic Asset Allocation (SAA), investment policies, and long-term objectives.
• Support work related to asset-liability studies, and long-term portfolio objectives including analyzing portfolio positioning and exposures across asset classes.
• Conduct scenario analysis and evaluate portfolio sensitivity under differing economic and market conditions.
• Research investment themes, market developments, and emerging risks relevant to portfolio objectives, maintaining an awareness of changes in markets, investment practices, regulations and industry developments.

Investment Oversight & Monitoring

• Support oversight and monitoring activities related to the Fund’s delegated investment manager, IMCO including both public and private investments.
• Assess investment outcomes, portfolio risks, implementation approaches, expenses, and mandate compliance, evaluating information from external partners to identify key themes and risks.
• Review investment recommendations and supporting analysis to provide objective perspectives and constructive challenge, conduct research and due diligence as required.

Quantitative Analysis & Decision Support

• Perform quantitative analysis and modelling to support strategic asset allocation decisions, assess portfolio risk, and evaluate the investment implications of funding objectives and outcomes.
• Support development of improved reporting capabilities, data processes, and analytical frameworks to improve investment insights and decision support including building and maintaining analytical tools to support investment oversight activities.

Governance, Reporting & Communication

• Prepare reporting and investment related materials supporting senior leadership, board committees, and external stakeholders.
• Maintain awareness of changes in markets, investment practices, regulations, and industry developments, while contribute to monitoring activities related to investment policies, guidelines, and governance processes.

Key Qualifications:

• University degree in finance, mathematics, statistics, actuarial sciences or a related field
• Professional designation (e.g. CFA, CFA, CAIA, FRM, PRM) is considered an asset
• 5+ years of relevant experience in institutional investing, pensions, investment consulting, asset management, or a related field
• Familiarity with pension investing, delegated investment management models, and governance-based oversight structures is considered an asset
• Experience analyzing multi-asset portfolios, investment strategies, and institutional investment program
• Strong analytical and quantitative capabilities with experience in financial modeling and investment analysis, and knowledge of enterprise risk concepts
• Excellent written and verbal communication skills
• Experience supporting investment committees, governance bodies, or senior decision makers is considered an asset
• Demonstrates sound judgement, intellectual curiosity and a professional, collaborative approach

Compensation:

• The target hiring salary for this position is $130,000 A candidate’s placement in the range is based on skills, knowledge, experience, and internal equity, with consideration for how the candidate is developing, meets, or exceeds the role’s requirements.
• This position is eligible to participate in OPB’s Annual Incentive Program, subject to its terms and conditions.

Additional Information:

• This posting is for an existing vacancy.
• The competition will remain open until a successful candidate is selected or until the competition is closed.
• No artificial intelligence tools are used to screen, assess, or select applicants for this position.
• We thank all applicants, however, only those selected for an interview will be contacted.
• The identified final candidate will be required to complete a background screening.
• OPB is committed to providing accommodation for people with disabilities in its recruitment process. Please advise OPB if you require an accommodation, and we will work with you to meet your needs. OPB is committed to fostering a culture of diversity, equity and inclusiveness that reflects the diverse communities we serve. We welcome and encourage applications from those who may contribute to the further diversification of ideas.