Intern Analyst, Portfolio Construction

OUR COMPANY BACKGROUND & CULTURE

UPP is the first pension plan of its kind in Ontario’s university sector, proudly serving over 46,000 members across six universities and nineteen sector organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care. As a sector-wide plan designed for growth, our doors are open to all Ontario universities.

UPP is recognized as one of Greater Toronto’s Top Employers for 2026. Together, we’re a team of progressive thinkers and agile doers operating within a fast-paced culture of collaboration and respect. We believe in bringing smart and capable people together to create, solve, and grow with a clear shared vision and values of integrity, inclusivity, ingenuity, and impact.

Our culture is intentionally welcoming and purposefully rooted in equity, diversity, inclusion, and reconciliation (EDI&R). We believe diverse teams, perspectives, and lived experiences contribute to better decisions and a better workplace.

As a pension plan, UPP approaches investing through a long-term lens to generate and safeguard value. Our commitment to investing responsibly accounts for material risks that impact our investment portfolio to generate sufficient risk-adjusted returns to meet the pension needs of our members.

Join us in building a bright future for our members, our organization, and each other.

THE ROLE

We are actively looking for an Intern Analyst, Portfolio Construction, to join our team in Summer 2027, for a 4-month internship (May 2027 – August 2027). This role will be part of a growing and dynamic Investment team, reporting into the Senior Director, Portfolio Construction Lead. The intern will develop analytical tools to support UPP’s long-term asset allocation framework, asset liability modeling, and investment research.
 
This is a fantastic opportunity for an eager and curious candidate to gain valuable work experience in a fast-growing, dynamic environment while being a part of a new organization.
 
This role is based in downtown Toronto under a hybrid work policy, allowing employees the flexibility to work remotely and in-office (minimum of two days per week in-office).

Application Details: We ask that you submit a one-page resume, transcript, and a cover letter as part of the application process.

This posting is for a existing vacancy.

SPECIFIC ACCOUNTABILITIES

• Support research and analysis related to UPP’s long-term investment strategy, capital market assumptions and overall portfolio design.
• Develop and enhance analytical tools and dashboards to support portfolio construction and asset liability analysis.
• Support preparation of analysis and materials for internal stakeholders and senior decision-makers.

QUALIFICATIONS & EXPERIENCE

• Currently pursuing an undergraduate or graduate degree in Mathematics, Engineering, Computer Science, or a related field.
• Proficient in programming (e.g., VBA, Python, Matlab).
• Possesses basic knowledge of and a keen interest in finance, economics and capital markets.

ATTRIBUTES 

• Intellectually curious; identifies creative solutions and balances practicality
• Excellent interpersonal skills and a positive attitude
• Demonstrated ability to meet high performance standards and maintain a calm, pleasant demeanor in a fast-paced, deadline-driven environment
• Alignment with UPP’s desire to be a leader in Responsible Investing, ESG, and climate change. 

EXPECTED COMPENSATION

The expected compensation for this role is an annualized base salary in the range of $50,500 to $61,500. This range reflects base salaries for all intern levels and is subject to change and may be modified in the future. Salaries are aligned to academic year and role scope. 

LIFE AT UPP

Do work that matters. We are duty-bound to serve our members’ interests, and it’s a responsibility we don’t take lightly. That’s why we’ve ingrained sustainability in our work from day one - to ensure our members have a resilient future to retire into, both today and for generations to come.

Stronger together. Collaboration is how UPP was born, and it’s how we work with each other and our partners day in, day out. No one at UPP is just a number (even if they are excellent at math) and every win is a shared win.

Grow every day. You’ll have the opportunity to work on unique, once-in-a-career projects that maximize your skill set and probably teach you some new ones - at any stage in your career.

Prioritize wellness. At UPP, wellness takes many forms. Ultimately, it’s about ensuring our people are cared for in the ways that matter to them. Check out some highlights of our inclusive employee-focused benefits program including:

• Defined benefit pension plan
• Flexible hybrid work model
• Paid time off – vacations, personal days and wellness days
• Work remotely up to eight weeks/year
• Comprehensive group benefits including medical, dental, vision, etc.
• Extended paramedical and mental health service coverage
• Health care and lifestyle spending accounts
• Fertility treatments, paid parental leave, and gender affirmation coverage
• Education Assistance program

This posting will remain open for a minimum of seven (7) days and will remain open until a sufficient number of qualified applications are received or finalist candidates have been identified.

Artificial intelligence (AI) tools may be used to support certain stages of the recruitment process, including sourcing, screening, and assessment. All hiring decisions involve human review and intervention by UPP employees.

UPP enthusiastically welcomes applications from all qualified applicants and especially invites people with lived experience as an Indigenous person, a person with a disability or as a member of another Human Rights Code protected group that faces barriers to employment to apply. Our goal is to create a barrier-free experience for every candidate throughout the recruitment process.

UPP respects your privacy. For information on how UPP handles the personal information you provide during the application process, please see our Job Applicant Privacy Statement.