September 2021 - December 2021
Are you looking to apply your analytical skills with one of the largest pension funds in Canada? As a co-op within Ontario Teachers’ Risk department, you will be involved in supporting the development and improvement of risk management frameworks for the Total Fund. You will assist the team in assessing both liquidity and counterparty credit risk including developing new tools and improving existing processes.
Who you'll work with
You will be a part of a specialized team of eight professionals with diverse backgrounds whose main role is to develop and constantly improve liquidity and counterparty credit risk frameworks. We are also responsible for evaluating our various counterparties. As a co-op, you will report to a Senior Principal in the Risk department’s Liquidity and Counterparty Risk team. The role will also provide several opportunities to interact with other teams within the Risk Department as well as the different Investment teams including Total Fund Management and Capital Markets.
What you'll do
The core responsibilities of this position are designed to support the Liquidity and Counterparty Credit Risk team’s ongoing projects:
Analyse and prepare reports on changes in liquidity position and/or counterparty credit risk.
Automate key processes to streamline risk assessments. Review key assumptions used to measure liquidity risk, counterparty risk, and leverage associated with derivatives.
Review liquidity and credit risk early warning indicators.
Perform research on ad-hoc projects.
Present results of assignments to team members.
Collaborate with key individuals within Strategy & Risk and other departments.
What you'll need
This role is well suited for dedicated, self-starters who enjoy the challenges of a fast paced and constantly changing environment and who are not afraid to challenge the status quo. The successful candidate will:
Be pursuing a master’s or are in their 3rd or 4th year of an undergraduate degree with a quantitative focus and will be returning to their program upon completion of their work term
Incorporate critical and analytical thinking and provide appropriate context to support decision making.
Pride themselves on their written and presentation skills.
Have an understanding of capital market instruments, including derivatives.
Have an interest in central clearing including the impact of a counterparty default.
Have strong interpersonal skills.
Previous work experience in the financial industry is a plus.
Have strong Excel skills.
Programming skills are a plus (VBA, SQL or MATLAB)
Presentation skills are a plus
Pension fund, asset management, financial risk management experience is a plus
What we're offering
Numerous opportunities for professional growth and development through lunch and learns and online learning through Degreed which offers thousands of courses on a variety of different subjects
Student led team building events on a monthly basis
Discount programs including Edvantage and Perkopolis
At Ontario Teachers', we are a globally minded organization and take pride ensuring that the people we hire and the culture we create reflects and celebrates diversity of thought, background and experience.
If you require an accommodation for the application, recruitment or interview process, please let us know and we will work with you to meet your needs.
How to apply
Are you ready to pursue new challenges and take your career to the next level? Submit your application online at www.otpp.com/careers and apply to requisition #3298. The following documents are required to be uploaded with your application:
Copy of your transcripts
**Once your resume is uploaded, you may use the ‘upload’ button to attach more documents such as those required and outlined above.
You will also be invited to complete a pre-recorded digital interview as part of your application. This portion of your application will take approximately 10 minutes to complete.
Please note that the application deadline for this cycle is March 26th, 2021.
Please note that as part of our eligibility criteria it is required you are available to begin on or before September 7th, 2021 (Fall) for on-boarding and training purposes.
We thank you for applying, however, only those selected for a personal interview will be contacted. Note that candidates must be legally entitled to work in the country where this role is located.
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