Senior Director, Total Portfolio Risk
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:
The Senior Director, Total Portfolio Risk is a key leadership role within the Risk Division, responsible for delivering independent oversight, analytics, and insight on HOOPP’s total portfolio risk. Reporting to the VP, Total Portfolio Risk & Analytics, this role partners closely with Investment Management to support portfolio construction, strategic decision-making, and risk governance across public and private assets.
This role serves as the enterprise owner of Total Portfolio Risk oversight at HOOPP, with accountability for how total portfolio risks are identified, measured, understood, and appropriately escalated across the organization.
The role focuses on total portfolio risk oversight, stress testing, emerging risks, and advanced risk analytics. It plays a critical role in strengthening HOOPP’s Total Portfolio Approach by ensuring risks are well understood, measured, and integrated into investment decisions.
What you will do:
- Partner with investment management to provide holistic risk oversight of HOOPP’s total portfolio, which includes public assets as well as a broad range of private asset classes (such as real estate, infrastructure, private equity, and private credit). HOOPP’s portfolio also includes complex derivatives.
- Providing independent risk governance and constructive assessment over portfolio design choices, strategic allocations, and material transactions.
- Delivering integrated total portfolio risk oversight, aggregating exposures and insights by leveraging HOOPP’s risk technology systems.
- Leading the asset stress testing function and partner with the Actuarial team to provide asset/liability scenarios and ad-hoc analysis as required.
- Lead the identification and assessment of emerging risks, including advancements in artificial intelligence and other disruptive technologies, and evaluate their implications for total portfolio risk, investment strategies, and market dynamics.
- Leading total portfolio risk research and advanced analytics, including driving risk management innovation in risk factor modeling, cross-asset correlation and tail-risk analysis, and forward-looking stress testing methodologies, while working closely with IT partners, the Total Portfolio Group, and industry thought leaders.
- Overseeing the development and implementation of quantitative methodologies, models, and analytics to assess and manage total portfolio risks across the organization.
- Building partnerships with investment management as well as other divisions across HOOPP that support the investment management function (Finance, HR, IT, Legal, etc.). Strong cross-functional collaboration is essential.
- Maintaining well-established relationships with peers in the industry, regulators, and industry experts.
What you bring:
- University education with a minimum post-graduate degree in business, mathematics finance, science, engineering, or another quantitative discipline.
- Minimum 12 years’ work experience of investment risk management in the pension industry, with strong knowledge of portfolio construction framework, risk modeling, and cross-asset risk analytics.
- Master's degree in business, mathematics finance, science, and engineering with CFA designation preferred. · Experience in both public and private markets.
- Strong expertise in both public assets (including complex derivatives) and private assets, including their risk characteristics, valuation approaches, and cross-asset interactions.
- Hands-on experience with stress testing frameworks and risk systems including incorporating macroeconomic conditions into quantitative stress testing and scenario design. (Experience with Aladdin Risk, Ortec or other risk systems would be beneficial).
- Previous coding and software development an asset.
- Strategic and forward-looking understanding of emerging technology, such as the application of Artificial Intelligence in risk management. Demonstrated strong research and innovation skills.
- Highly developed interpersonal and communication skills, and excellent English — written and verbal.
- Alignment with HOOPP’s values of Accountable, Compassionate and Trustworthy.
- A conceptual and critical thinker who is adept at large scale problems.
- Excellent at building and maintaining strong working relationships across the HOOPP organization.
- Experience leading, mentoring and developing risk professionals, with accountability for building a sustainable, high-performing Total Portfolio Risk capability and developing future risk leaders.
- Demonstrated ability to work effectively across divisions, including Finance, Legal, and IT, and to contribute to multi-stakeholder governance processes.
- Experience in building, implementing, and maintaining risk policies, governance processes, and reporting structures is strongly preferred.
#LI-Onsite
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 posting is for a newly created role.
Not the right fit? Search for Director, Total Portfolio Risk jobs in Toronto, ON
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.
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Senior Director, Total Portfolio Risk
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:
The Senior Director, Total Portfolio Risk is a key leadership role within the Risk Division, responsible for delivering independent oversight, analytics, and insight on HOOPP’s total portfolio risk. Reporting to the VP, Total Portfolio Risk & Analytics, this role partners closely with Investment Management to support portfolio construction, strategic decision-making, and risk governance across public and private assets.
This role serves as the enterprise owner of Total Portfolio Risk oversight at HOOPP, with accountability for how total portfolio risks are identified, measured, understood, and appropriately escalated across the organization.
The role focuses on total portfolio risk oversight, stress testing, emerging risks, and advanced risk analytics. It plays a critical role in strengthening HOOPP’s Total Portfolio Approach by ensuring risks are well understood, measured, and integrated into investment decisions.
What you will do:
- Partner with investment management to provide holistic risk oversight of HOOPP’s total portfolio, which includes public assets as well as a broad range of private asset classes (such as real estate, infrastructure, private equity, and private credit). HOOPP’s portfolio also includes complex derivatives.
- Providing independent risk governance and constructive assessment over portfolio design choices, strategic allocations, and material transactions.
- Delivering integrated total portfolio risk oversight, aggregating exposures and insights by leveraging HOOPP’s risk technology systems.
- Leading the asset stress testing function and partner with the Actuarial team to provide asset/liability scenarios and ad-hoc analysis as required.
- Lead the identification and assessment of emerging risks, including advancements in artificial intelligence and other disruptive technologies, and evaluate their implications for total portfolio risk, investment strategies, and market dynamics.
- Leading total portfolio risk research and advanced analytics, including driving risk management innovation in risk factor modeling, cross-asset correlation and tail-risk analysis, and forward-looking stress testing methodologies, while working closely with IT partners, the Total Portfolio Group, and industry thought leaders.
- Overseeing the development and implementation of quantitative methodologies, models, and analytics to assess and manage total portfolio risks across the organization.
- Building partnerships with investment management as well as other divisions across HOOPP that support the investment management function (Finance, HR, IT, Legal, etc.). Strong cross-functional collaboration is essential.
- Maintaining well-established relationships with peers in the industry, regulators, and industry experts.
What you bring:
- University education with a minimum post-graduate degree in business, mathematics finance, science, engineering, or another quantitative discipline.
- Minimum 12 years’ work experience of investment risk management in the pension industry, with strong knowledge of portfolio construction framework, risk modeling, and cross-asset risk analytics.
- Master's degree in business, mathematics finance, science, and engineering with CFA designation preferred. · Experience in both public and private markets.
- Strong expertise in both public assets (including complex derivatives) and private assets, including their risk characteristics, valuation approaches, and cross-asset interactions.
- Hands-on experience with stress testing frameworks and risk systems including incorporating macroeconomic conditions into quantitative stress testing and scenario design. (Experience with Aladdin Risk, Ortec or other risk systems would be beneficial).
- Previous coding and software development an asset.
- Strategic and forward-looking understanding of emerging technology, such as the application of Artificial Intelligence in risk management. Demonstrated strong research and innovation skills.
- Highly developed interpersonal and communication skills, and excellent English — written and verbal.
- Alignment with HOOPP’s values of Accountable, Compassionate and Trustworthy.
- A conceptual and critical thinker who is adept at large scale problems.
- Excellent at building and maintaining strong working relationships across the HOOPP organization.
- Experience leading, mentoring and developing risk professionals, with accountability for building a sustainable, high-performing Total Portfolio Risk capability and developing future risk leaders.
- Demonstrated ability to work effectively across divisions, including Finance, Legal, and IT, and to contribute to multi-stakeholder governance processes.
- Experience in building, implementing, and maintaining risk policies, governance processes, and reporting structures is strongly preferred.
#LI-Onsite
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 posting is for a newly created role.
Not the right fit? Search for Director, Total Portfolio Risk jobs in Toronto, ON
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.