Investment Associate, Capital Markets - Credit Team

Are you passionate about the Credit Market? We are growing! We are seeking an Associate to join the Credit team responsible for running a bottom-up, fundamental value-oriented investment strategy in high yield and leveraged loans. We seek to identify the most attractive risk-adjusted investment opportunities and deliver significant excess return above public credit benchmarks.

The OTPP Credit team is a group of approximately forty investment professionals who invest across the full spectrum of credit products, employing a wide variety of investment styles, including fundamental analysis (public and private), structured credit, quantitative, and enhanced indexing strategies, as well as fund investments.

Reporting to a Director, Public Fundamentals, you will work within a team passionate about building conviction in single name and sector concentrations in high yield bonds and leveraged loans. The Associate will evaluate investment ideas in assigned sector(s) through quantitative and qualitative credit analysis and assist in deploying risk. Through the research process, Associates are encouraged to cultivate relationships with management teams, industry consultants, investment banks and other buy-side participants.

As a member of our dynamic trading floor environment, you will be exposed to the different strategies and risk-taking styles within the broader Capital Markets group through regular interactions. Based on our team’s broad directive you will also have the opportunity to collaborate with other members of OTPP investment teams both in Toronto and globally.

Your primary duty will be to actively evaluate credit investment opportunities, monitor and research investments, and assist in managing a portfolio within the public credit markets. Responsibilities include:

• Identify and evaluate new investment opportunities in high yield bonds and leveraged loans

• Research and monitor active investments including analyzing economic and financial performance and related metrics

• Develop deep industry and capital markets knowledge in assigned sector(s) of focus

• Perform detailed financial modelling and due diligence tasks including analyzing information from financial publications and services, investment banks, trade publications, company sources and industry interviews

• Provide interpretation on price, yield, spread, future trends, economic influences and other factors affecting investments

• Work with internal Investments teams, sell side parties and external relationships to facilitate credit research and idea generation

• Perpetuate Teachers’ 3.0 values: Inclusive, Performance-driven, Curious, Agile and Courageous. Contribute to a high-performance, collaborative and team-oriented work environment

• 2+ years of relevant experience, with a focus on credit investing, corporate finance, capital markets, or credit/equity research being an asset

• Strong academic background

• A deep interest in, and understanding of, fundamental investing

• Expert analytical and quantitative capability, including skills in modelling and valuation, with an ability to effectively communicate results in both verbal and written form

• Excellent interpersonal, presentation and communication skills

• High standard of work ethic and integrity

• High commitment to be a team player, with a genuine collaborative spirit

• Ability to balance priorities, work independently and lead projects

#LI-PA, #LI-Hybrid

What we’re offering

• Pay-for-performance environment that offers competitive salary and incentive

• Numerous opportunities for professional growth and development

• Comprehensive employer paid benefits coverage

• Retirement income through a defined benefit pension plan

• The opportunity to invest back into the fund through our Deferred Incentive Program

• A flexible/hybrid work environment combining in office collaboration and remote working

• Competitive time off

• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year

• Employee discount programs including Edvantage and Perkopolis

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'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.

Accommodations are available upon request (peopleandculture@otpp.com) for candidates with a disability taking part in the recruitment process and once hired.

Candidates must be legally entitled to work in the country where this role is located.

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