Intern - Risk, Investment Risk, Liquidity and Counterparty Risk (Fall 2023- 4 Month Contract)

Posted 09 May 2023

Intern - Risk, Investment Risk, Liquidity and Counterparty Risk (Fall 2023- 4 Month Contract) at Ontario Teachers' Pension Plan

Risk Internships Toronto

Experience: Not specified
Salary Range: Not Specified

Close date: 08 June 2023

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Position Description

The deadline to apply for this role is:

May 26, 2023

The opportunity

September 2023 – December 2023

Are you looking to apply your analytical skills with one of the largest pension funds in Canada? As an intern 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 credit and capital markets risk including developing new tools and improving existing processes.

Who you’ll work with

You will be a part of a specialized team of twelve professionals with diverse backgrounds whose main role is to develop and constantly improve credit and capital markets risk frameworks. We are also responsible for evaluating our various counterparties. As a co-op, you will report to a Principal in the Risk department’s Credit & Capital Markets 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 crafted to support the Credit & Capital Markets Risk team’s ongoing projects:

  • Analyse and prepare reports on changes in counterparty credit risk.
  • Automate key processes to streamline risk assessments.
  • Review key assumptions used to measure counterparty risk associated with derivatives.
  • Review credit quality early warning indicators.
  • Perform research on ad-hoc projects.
  • Present results of assignments to team members.
  • Collaborate with key individuals within Risk and other departments.

What we’re offering

  • Numerous opportunities for professional growth and development, including lunch and learns
  • Student led team building events on a monthly basis
  • Employee discount programs including Edvantage and Perkopolis
  • Degreed: a digital platform that helps you quickly and easily discover, share, and track various learning resources — from courses to videos to articles and more

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

Required Skill / Experience

This role is well suited for dedicated, self-starters who enjoy the challenges of a fast paced and constantly evolving 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.
  • Understand capital market instruments, including derivatives.
  • Have a curiosity about 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

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