Senior Analyst, Quantitative Valuations Analysis & Model Validation
Top Benefits
About the role
Why you’ll love working here:
- high-performance, people-focused culture
- our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves
- learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth
- membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security
- competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).
- optional post-retirement health and dental benefits subsidized at 50%
- yoga classes, meditation workshops, nutritional consultations, and wellness seminars
- the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers
Job Summary
Reporting to the Director, Valuations Analysis and Model Validation, the Senior Analyst is responsible for validating pricing engines for financial derivatives and contributing to the valuations analysis of public and private investments. This position requires strong knowledge of derivative products across equity, interest rate, FX, and credit markets. You will collaborate closely with teams across HOOPP, including Investment Management, Risk, and Finance.
The ideal candidate brings experience in derivative pricing and a solid understanding of capital markets. This is a high ‑ impact role with opportunities to strengthen model validation processes, enhance governance frameworks, and shape valuation methodologies while driving operational efficiency and innovation.
This role offers the opportunity to influence model validation frameworks and valuation processes at an enterprise level. You will work on complex, high ‑ impact projects with cross ‑ functional teams. If you have expertise in model risk and valuation analytics, we encourage you to apply.
What you will do:
1. Model Validation (80%)
- Validate and approve derivative pricing models (Numerix engines) across equity, interest rate, FX, and credit instruments.
- Benchmark pricing models against industry best practices to ensure robustness and accuracy.
- Develop and implement processes for model risk assessment and ongoing monitoring, proposing practical solutions for identified limitations.
- Partner with the Model Development team to perform due diligence on pricing accuracy.
- Investigate complex pricing issues raised by Investment Management, Risk, or auditors, ensuring thorough analysis and resolution.
- Document validation methodologies and processes for transparency and audit readiness.
- Maintain and update the model validation inventory, including classifications, validation records, assumptions, limitations, and remediation plans.
- Collaborate with investment, risk, and finance teams to enhance the validation framework and integrate new modeling approaches.
- Contribute to strategic initiatives related to validation frameworks, model governance, and system upgrades.
2. Valuations Analysis (20%)
- Assist with the development and review of valuation methodologies for investment assets within Capital Markets.
- Support the timely and accurate valuation of derivatives and other public investments priced by external vendors.
- Identify opportunities to improve valuation processes, enhance data quality, and streamline reporting.
What you bring:
- Advanced degree (Master’s or Ph.D.) in Quantitative Finance, Statistics, Mathematics, Physics, Engineering, Computer Science, or related fields.
- 3 to 5 years of experience in quantitative finance, derivative modeling, model validation, valuation methodologies.
- CFA or FRM is an asset.
- Strong knowledge of derivative products across equity, interest rate, FX, and credit.
- Technical proficiency in Python, SQL, and Power BI.
- Experience in model risk management and valuation governance.
- Strong analytical and problem‑solving skills with high attention to detail and accuracy.
- Ability to manage multiple priorities and deliver results under tight timelines.
The expected annual base salary range for this role is: $103,000 - $153,000 CAD
The actual base salary offered to the successful candidate may vary based on multiple factors including, but not limited to, individual's expertise and level of experience applicable to the role they are being offered.
This role is eligible to participate in discretionary incentive plan(s), subject to the terms and conditions of the applicable incentive plan text.
This job is for an existing vacancy.
About HOOPP (Healthcare of Ontario Pension Plan)
Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector. We serve more than 460,000 members who provide valued healthcare services at more than 670 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada's largest and most respected pension plans, HOOPP's net assets reached $112.6 billion at the end of 2023 and our funded status remained strong at 115%. HOOPP's core values - professional, accountable, collaborative, compassionate and trustworthy - guide our every interaction with our members, employers and employees.
We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation. From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people. Our high-performance culture, which spans our head office in Toronto and our office in London (UK), is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.
Senior Analyst, Quantitative Valuations Analysis & Model Validation
Top Benefits
About the role
Why you’ll love working here:
- high-performance, people-focused culture
- our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves
- learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth
- membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security
- competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).
- optional post-retirement health and dental benefits subsidized at 50%
- yoga classes, meditation workshops, nutritional consultations, and wellness seminars
- the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers
Job Summary
Reporting to the Director, Valuations Analysis and Model Validation, the Senior Analyst is responsible for validating pricing engines for financial derivatives and contributing to the valuations analysis of public and private investments. This position requires strong knowledge of derivative products across equity, interest rate, FX, and credit markets. You will collaborate closely with teams across HOOPP, including Investment Management, Risk, and Finance.
The ideal candidate brings experience in derivative pricing and a solid understanding of capital markets. This is a high ‑ impact role with opportunities to strengthen model validation processes, enhance governance frameworks, and shape valuation methodologies while driving operational efficiency and innovation.
This role offers the opportunity to influence model validation frameworks and valuation processes at an enterprise level. You will work on complex, high ‑ impact projects with cross ‑ functional teams. If you have expertise in model risk and valuation analytics, we encourage you to apply.
What you will do:
1. Model Validation (80%)
- Validate and approve derivative pricing models (Numerix engines) across equity, interest rate, FX, and credit instruments.
- Benchmark pricing models against industry best practices to ensure robustness and accuracy.
- Develop and implement processes for model risk assessment and ongoing monitoring, proposing practical solutions for identified limitations.
- Partner with the Model Development team to perform due diligence on pricing accuracy.
- Investigate complex pricing issues raised by Investment Management, Risk, or auditors, ensuring thorough analysis and resolution.
- Document validation methodologies and processes for transparency and audit readiness.
- Maintain and update the model validation inventory, including classifications, validation records, assumptions, limitations, and remediation plans.
- Collaborate with investment, risk, and finance teams to enhance the validation framework and integrate new modeling approaches.
- Contribute to strategic initiatives related to validation frameworks, model governance, and system upgrades.
2. Valuations Analysis (20%)
- Assist with the development and review of valuation methodologies for investment assets within Capital Markets.
- Support the timely and accurate valuation of derivatives and other public investments priced by external vendors.
- Identify opportunities to improve valuation processes, enhance data quality, and streamline reporting.
What you bring:
- Advanced degree (Master’s or Ph.D.) in Quantitative Finance, Statistics, Mathematics, Physics, Engineering, Computer Science, or related fields.
- 3 to 5 years of experience in quantitative finance, derivative modeling, model validation, valuation methodologies.
- CFA or FRM is an asset.
- Strong knowledge of derivative products across equity, interest rate, FX, and credit.
- Technical proficiency in Python, SQL, and Power BI.
- Experience in model risk management and valuation governance.
- Strong analytical and problem‑solving skills with high attention to detail and accuracy.
- Ability to manage multiple priorities and deliver results under tight timelines.
The expected annual base salary range for this role is: $103,000 - $153,000 CAD
The actual base salary offered to the successful candidate may vary based on multiple factors including, but not limited to, individual's expertise and level of experience applicable to the role they are being offered.
This role is eligible to participate in discretionary incentive plan(s), subject to the terms and conditions of the applicable incentive plan text.
This job is for an existing vacancy.
About HOOPP (Healthcare of Ontario Pension Plan)
Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector. We serve more than 460,000 members who provide valued healthcare services at more than 670 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada's largest and most respected pension plans, HOOPP's net assets reached $112.6 billion at the end of 2023 and our funded status remained strong at 115%. HOOPP's core values - professional, accountable, collaborative, compassionate and trustworthy - guide our every interaction with our members, employers and employees.
We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation. From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people. Our high-performance culture, which spans our head office in Toronto and our office in London (UK), is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.