Senior Advisor, Econometrics, Total Fund Investments

Posted 13 January 2023

Senior Advisor, Econometrics, Total Fund Investments at PSP Investments

Finance Full-time Montreal

Experience: Senior-Level
Education Required: Master’s or Ph.D. in economics/econometrics or a related field (actuarial, mathematics, statistics, finance)
Salary Range: Not Specified

Close date: 30 March 2023

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We’re one of Canada’s largest pension investment managers, with CAD$230.5 billion of net assets as of March 31, 2022.  We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police, and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London, and Hong Kong.

Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.

At PSP, we encourage our employees to grow, forge powerful relationships, contribute and fuel inspired investment launchpads. We are committed to a culture that fosters collaboration and allows us to think beyond, in an interconnected way. We advocate for our employees to speak-up, learn, experiment, share, and be part of an inclusive work environment where diversity is embraced.

We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to:

  • A flexible hybrid work model with a mix of in-office and remote days based on business groups, teams, and roles
  • A hybrid allowance to support any hybrid related needs
  • Competitive pension plans
  • Comprehensive group insurance plans
  • Unlimited access to virtual healthcare services and wellness programs
  • Generous and inclusive paid family leave
  • Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
  • Investment in career development

*Benefits package may vary based on your employee type.

At PSP, we aim to provide an inclusive workplace where we leverage diversity and where everyone feels valued, safe, respected, and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.

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Vaccination: We are committed to a healthy and safe work environment. As a Canadian Crown Corporation with offices around the world, we adhere to Canadian and local government guidelines regarding COVID-19. Vaccination is not currently a mandatory employment criteria. However, this is subject to change, depending on Canadian and local government guidelines.

Position Description

The Total Fund Investments Team is looking for a Senior Advisor, specialized in econometrics, to join the Chief Investment Office (CIO) group in Montreal. This is a key position inside the Economic Analysis and Financial Markets Modelling team, whose mandate is notably to produce economic scenarios, assess the impacts of the scenarios on different asset classes, and support the economic presentations to upper management. These activities are pivotal in the CIO group for the decision-making processes related notably to the medium-term asset and currency allocation.

More specifically, the candidate will have to:

Carefully monitor and analyse the global financial markets and economic conditions. Participate in the development of economic and financial scenarios. Collaborate in the development and updating of the in-house econometrics model designed to estimate the expected return of the financial variables related to asset allocation and currencies activities, such as interest rates, equity and private indices, commodity prices and currencies. Run autonomously the in-house econometrics model, provide a critical and strategic interpretation of the results, and ensure a clear communication in relation to the economic scenario. Work closely with other CIO team members and have an influence amongst the group while ensuring transfer knowledge within the team. Perform all other duties as required by the position.

Required Skill / Experience

  • Strong knowledge in macroeconomics, econometrics, financial markets, and financial market modeling

  • Excellent written and oral communication skills

  • Strong programming skills in more than one language (Eviews, MATLAB, Python, R, Excel, etc), and experience with Microsoft Office and relevant investment databases (Bloomberg, Datastream, etc.).

  • A good ability to build relationships, to establish credibility, and to work with people in different fields

  • Intellectual curiosity, willingness to learn, creativity, and openness to new ideas

  • An interest in working for a growing organization

  • Proactive, hardworking, result oriented and a recognized work ethic

  • Master’s or Ph.D. in economics/econometrics or a related field (actuarial, mathematics, statistics, finance)

  • 5 to 10 years of experience in econometric modeling applied to investment processes

  • Experience in asset allocation investment and currency hedging strategy, an asset

  • Fluency in English

  • Previous experience in a pension fund or similar institutions, an asset

  • CFA charter holder, an asset

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