Senior Associate, Balance Sheet & Liquidity Management (IM2)
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 Associate, Balance Sheet & Liquidity Management is responsible for executing transactions, optimizing funding decisions, managing the beta component of the Fund, and overseeing diversified, multi-strategy alpha programs. This role supports the Fund’s portfolio management with the goal of generating annual value-add targets within defined risk limits, while ensuring appropriate liquidity and efficient balance sheet usage across all portfolios.
What you will do:
- Develop and maintain analytical tools in Python to inform trading across all asset classes.
- Assist in managing, monitoring, and executing trades across Stock Loan, Repo, Delta One, and Futures Funding desks, ensuring efficient funding, optimal collateral usage, and alignment with portfolio and risk management objectives.
- Contribute to construction, idea generation, and trade execution for the short-term liquidity portfolio.
- Research, recommend, and execute trading strategies in fixed income and derivatives markets across multiple currencies.
- Monitor, review, and refine risk reporting and trade processing configurations.
- Develop original and innovative research and analysis of trading markets and opportunities.
- Develop computational methods for managing and analyzing financial and alternative data sets.
- Build and maintain relationships with external counterparties, focusing on new ideas, trends, and innovations.
- Collaborate with ISG on application development and implementation across Capital Markets.
- Advise senior leadership on strategic priorities and contribute to annual business planning and strategic initiatives.
- Collaborate with the Virtual Technology Group within Capital Markets to prioritize and communicate technology needs.
- Optimize liquidity and balance sheet usage by consolidating high-quality assets and leveraging global relationships.
- Assist FX hedging operations and mobilize domestic liquidity to meet foreign currency needs.
- Oversee short-term and funded strategies portfolio to enhance yield and maintain flexible funding.
- Engage in alpha-generating activities using multi-product and multi-asset approaches.
- Invest in and leverage advanced information systems and technology platforms for operational efficiency.
- Monitor liquidity risk framework and model worst-case scenarios for portfolio leverage.
- Negotiate and manage legal documentation to expand global counterparty relationships and ensure regulatory compliance.
- Collaborate across operations, legal, and technology functions to streamline fund activity and support innovation.
- Assist in portfolio bookrunning, performance attribution, and building system redundancy for compliance.
What you will bring:
- Completed university undergraduate degree in Finance, Business Administration, Commerce, Math, Statistics, Engineering, or Computer Science.
- Minimum 4 years of experience in a related role within Capital Markets.
- Experience with risk reporting/measurement, front office quant/trading desk is an asset.
- Strong understanding of G7 fixed income government spread product markets and portfolio risk management.
- Familiarity with cross-currency basis, XVA, and portfolio construction concepts.
- Coding proficiency in R, Python, and/or C++; experience with SQL.
- Demonstrated quantitative and analytical capabilities with excellent attention to detail.
- Excellent written and verbal communication skills with users, developers, and stakeholders.
- Professionalism, integrity, strong quantitative skills, and ability to prioritize assignments.
- Strong problem-solving skills, team player, high performer, innovative mindset.
- Knowledge in valuation models, risk models, and empirical finance theory is an asset.
- A solid understanding of front-, middle-, and back-office processes.
- Demonstrated history of HOOPP's values: Accountable Compassionate, and Trustworthy.
- Self-motivated with ability to work independently and make decisions under pressure.
- Completion of or enrollment in the CFA Program is preferred.
NOTE: Multiple positions available
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 Associate, Balance Sheet & Liquidity Management (IM2)
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 Associate, Balance Sheet & Liquidity Management is responsible for executing transactions, optimizing funding decisions, managing the beta component of the Fund, and overseeing diversified, multi-strategy alpha programs. This role supports the Fund’s portfolio management with the goal of generating annual value-add targets within defined risk limits, while ensuring appropriate liquidity and efficient balance sheet usage across all portfolios.
What you will do:
- Develop and maintain analytical tools in Python to inform trading across all asset classes.
- Assist in managing, monitoring, and executing trades across Stock Loan, Repo, Delta One, and Futures Funding desks, ensuring efficient funding, optimal collateral usage, and alignment with portfolio and risk management objectives.
- Contribute to construction, idea generation, and trade execution for the short-term liquidity portfolio.
- Research, recommend, and execute trading strategies in fixed income and derivatives markets across multiple currencies.
- Monitor, review, and refine risk reporting and trade processing configurations.
- Develop original and innovative research and analysis of trading markets and opportunities.
- Develop computational methods for managing and analyzing financial and alternative data sets.
- Build and maintain relationships with external counterparties, focusing on new ideas, trends, and innovations.
- Collaborate with ISG on application development and implementation across Capital Markets.
- Advise senior leadership on strategic priorities and contribute to annual business planning and strategic initiatives.
- Collaborate with the Virtual Technology Group within Capital Markets to prioritize and communicate technology needs.
- Optimize liquidity and balance sheet usage by consolidating high-quality assets and leveraging global relationships.
- Assist FX hedging operations and mobilize domestic liquidity to meet foreign currency needs.
- Oversee short-term and funded strategies portfolio to enhance yield and maintain flexible funding.
- Engage in alpha-generating activities using multi-product and multi-asset approaches.
- Invest in and leverage advanced information systems and technology platforms for operational efficiency.
- Monitor liquidity risk framework and model worst-case scenarios for portfolio leverage.
- Negotiate and manage legal documentation to expand global counterparty relationships and ensure regulatory compliance.
- Collaborate across operations, legal, and technology functions to streamline fund activity and support innovation.
- Assist in portfolio bookrunning, performance attribution, and building system redundancy for compliance.
What you will bring:
- Completed university undergraduate degree in Finance, Business Administration, Commerce, Math, Statistics, Engineering, or Computer Science.
- Minimum 4 years of experience in a related role within Capital Markets.
- Experience with risk reporting/measurement, front office quant/trading desk is an asset.
- Strong understanding of G7 fixed income government spread product markets and portfolio risk management.
- Familiarity with cross-currency basis, XVA, and portfolio construction concepts.
- Coding proficiency in R, Python, and/or C++; experience with SQL.
- Demonstrated quantitative and analytical capabilities with excellent attention to detail.
- Excellent written and verbal communication skills with users, developers, and stakeholders.
- Professionalism, integrity, strong quantitative skills, and ability to prioritize assignments.
- Strong problem-solving skills, team player, high performer, innovative mindset.
- Knowledge in valuation models, risk models, and empirical finance theory is an asset.
- A solid understanding of front-, middle-, and back-office processes.
- Demonstrated history of HOOPP's values: Accountable Compassionate, and Trustworthy.
- Self-motivated with ability to work independently and make decisions under pressure.
- Completion of or enrollment in the CFA Program is preferred.
NOTE: Multiple positions available
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.