Investments Specialist; Quantitative

PURPOSE OF THIS ROLE

This role is the quantitative engine of the Investments unit, providing the analytical foundation for portfolio management guidelines, manager analytics, performance attribution, and investment tool development. Operating at a senior specialist level of institutional investment experience, the incumbent takes full ownership of the Corporation's quantitative framework — from model design and alpha profiling to scenario analysis and benchmark review.

In addition to the analytical mandate, the role carries direct responsibility for investment reconciliation and serves as the primary Investments unit liaison for internal and external auditors, ensuring that all quantitative processes, data flows, and controls meet audit standards and are documented to an evidence-ready standard. The role involves not only the development and maintenance of robust systems to support these critical functions but also acting as the primary liaison between the investment unit and the Corporation’s back and middle offices.

The role works in close collaboration with the Investment Specialist (Research) to integrate quantitative rigour into manager selection and portfolio construction decisions, and actively contributes to building the investment capability of the junior team through deliberate, structured knowledge transfer. It involves not only the development and maintenance of robust systems to support these critical functions but also acting as the primary liaison between the investment unit and the Corporation’s back and middle offices.

• Develop, maintain, and periodically review the Portfolio Management Guidelines (PMGs) for each asset class and fund manager mandate, ensuring alignment with the Investment Policy Statement (IPS), regulatory requirements, and the Corporation's portfolio construction objectives.
• Coordinate PMG updates with the Head of Investments and prepare supporting documentation and quantitative rationale for FIIC approval.
• Monitor adherence to PMGs on an ongoing basis and elevate deviations or emerging issues to the Head of Investments.

• Develop and maintain a structured manager alpha profile for each externally appointed fund manager, covering return decomposition, factor exposures, alpha consistency, active share, and peer comparison.
• Compile and maintain comprehensive manager return and risk databases, ensuring data integrity, consistency, and timeliness across all mandates.
• Conduct quantitative due diligence on fund managers, including style analysis, factor attribution, drawdown analytics, volatility decomposition, and peer benchmarking.
• Provide the Investment Specialist (Research) with quantitative inputs to complement qualitative manager assessments, including scoring models and comparative analytics.

• Own the performance measurement methodology for the Corporation's investment portfolios, including return calculation standards, composite construction, and attribution frameworks.
• Conduct performance attribution analysis at portfolio, asset class, and manager level, identifying key drivers of return and risk relative to benchmarks.
• Review and maintain benchmark definitions, target returns, and performance hurdles in line with IPS objectives; support any benchmark change proposals with quantitative analysis.
• Produce performance commentary and attribution reports for the Investment Committee, FIIC, EXCO, and Board, presenting findings clearly to technical and non-technical audiences alike.

• Design, develop, and maintain quantitative models and investment tools to support portfolio analytics, return attribution, risk measurement, scenario modelling, and asset allocation analysis.
• Build and maintain a suite of return calculation and analysis tools, automating data workflows to improve accuracy, efficiency, and scalability across the investment unit.
• Develop and maintain a factor model and risk analytics toolkit, including tracking error, value-at-risk (VaR), drawdown analysis, correlation matrices,…