Senior Associate, Beta Allocation

Purpose. Performance. People.

Joining CPP Investments means joining one of the world’s most admired and respected institutional investors to drive a single mandate: to deliver strong, sustainable returns for generations of Canadians.  

 

With a long-term horizon and global reach, we deploy capital at scale across public and private markets. Our size, stability, and disciplined investment philosophy allow us to pursue complex opportunities and build enduring partnerships worldwide. 

 

For our people, this means meaningful work with tangible impact, real opportunity, and collaboration with exceptional colleagues who value partnership and performance. Here, you’ll contribute to outcomes that matter alongside team members committed to excellence and shared success. 

Role Summary:

As part of Total Fund Management's evolving strategy to optimize total portfolio implementation, we are seeking a Senior Associate to join the Beta Allocation team, in the Beta, Collateral & Liquidity Management (BCLM) group, to help build and execute the External Beta program. This is a unique opportunity to be at the forefront of shaping how CPP Investments partners with high-quality external managers to deliver scalable beta exposure to markets where internal capabilities are either developing or less scalable. This role is ideal for someone who thrives at the intersection of execution and thought leadership and is eager to contribute to a new and high-priority strategic initiative.

Accountabilities & Qualifications:

Accountabilities

• Lead external manager underwriting, due diligence, and onboarding for the External Beta pilot program.

• Partner with Capital Markets & Factor Investing on manager selection, term negotiation, mandate structuring, and operational onboarding.

• Apply the allocation and evaluation framework, including return, liquidity, scalability, and cost-efficiency assessments to inform implementation choice.

• Collaborate closely with the rest of Total Fund Management by bringing market experience and insights that are relevant to the broader objectives of the group.

• Coordinate and manage internal workflows across Risk, Legal, Operations, Finance, and the Office of the Chief Investment Officer to ensure effective governance, reporting, and integration into Total Fund Management systems.

• Assess investment opportunities taking into account liquidity impact, leverage cost optimization, active risk utilization, operational efficiency and scalability.

• Contribute to strategy development through research, peer landscape reviews, and recommendations for future market/geography expansion.

• Support the refinement of the total fund beta delivery allocation framework, including collaboration with IDs on the evolution of internal enhanced beta programs.

• Design and implement tools and processes to support performance attribution, transparency, and monitoring in collaboration with Capital Markets & Factor Investing and internal stakeholders, with a focus on measuring and monitoring both manager level and total fund exposures and risk through the Balancing Portfolio.

• Mentor and develop junior colleagues.

Qualifications

• Undergraduate degree in Engineering, Computer Science, Mathematics, Finance or another quantitative field.

• An advanced degree in a technical or business discipline (MBA) or certification (CFA) is an asset.

• 5–10 years of experience in investment management, manager research, portfolio implementation, or a related field.

• Strong understanding of public markets and portfolio construction concepts; comfort with alpha/beta separation and risk-adjusted performance frameworks.

• Prior experience with external manager due diligence is a strong asset.

• Highly organized and execution-oriented with the ability to manage multiple priorities across functions.

• Demonstrated ability to collaborate across investment, operational, and risk functions.

• Self-starter mindset with the ability to operate with ambiguity while shaping a new business model.

• Strong communication skills, both written and verbal, with the ability to synthesize and present recommendations to senior stakeholders.

• Willingness to travel.

You are motivated to contribute to something larger than yourself, approach complex challenges with rigor, and hold yourself to high standards in a collaborative, performance-driven environment. 

 

Inclusion & Accessibility

CPP Investments is committed to equitable access to employment and building a workforce that reflects diverse talent and perspectives. If you require accommodation at any stage of the recruitment process, please let us know and we will work with you to meet your needs. 

 

Attention: Protect Yourself from Fraud

CPP Investments is committed to a secure and transparent recruitment process. We will never ask candidates for payment or financial information at any stage of hiring. All legitimate opportunities are posted on our careers page, and communications will come from our applicant tracking system, Workday. 

CPP Investments may use AI tools to help screen and assess applicants by analyzing resumes and applications for relevant skills and experience. These tools support, but do not replace, human decision-making.

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