Investment Associate, Equities; Consumer Discretionary

Make an impact at a global and dynamic investment organization

When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians.

CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, São Paulo, and Sydney.

CPP Investments successfully attracts, selects, and retains talented individuals from top-tier institutions worldwide. Join our team for access to:

• Stimulating work in a fast-paced and intellectually challenging environment
• Accelerated exposure and responsibility
• Global career development opportunities
• Diverse and inspiring colleagues and approachable leaders
• A hybrid-flexible work environment with an emphasis on in-person collaboration
• A culture rooted in principles of integrity, partnership, and high performance
• An organization with an important social purpose that positively impacts lives

If you have a passion for performance, value a collegial and collaborative culture, and approach work with the highest integrity, invest your career here.

We are recruiting for an Associate to join our Securities Selection team in our Active Equities department. The successful candidate will be joining a domain team which focuses on companies within the Consumer Discretionary sector. Reporting to the Managing Director, Active Equities - Consumer Discretionary the Associate is responsible for conducting sector focused, deep bottom-up fundamental research primarily on investment ideas and current portfolio holdings.

The position is based in New York.

The Active Equities ("AE") department invests in large-cap public and pre-IPO equities in North America, Europe, Asia and LATAM. The strategy employs bottom-up and deep fundamental research insights to create a concentrated market-neutral portfolio of high conviction long and short investments. The Security Selection team has a global structure with the focus of generating differentiated long and short insights by leveraging specific domain level expertise.

• Compile industry, market and asset level data and financial information to support research
• Build and leverage relationships with industry participants and management teams
• Perform fundamental research and present research ideas to broader group
• Perform due diligence on opportunities, including financial, company and sector diligence, to determine investment merits and risks
• Develop company financial models and perform valuation analyses; apply statistical analysis to support investment decisions
• Participate in evaluation, including sharing views on overall investment attractiveness based on findings from diligence work
• Prepare analytical investment reviews and recommendations in collaboration with the team, including industry overviews, written investment rationales and due diligence reviews
• Participate in presentation of investment recommendations to the Investment Committee and Board as required
• Assist in the development, implementation and monitoring of existing portfolios
• Support transition of new assets into CPPIB portfolio by identifying benchmarks, building financial models and providing rigorous project management support

• Undergraduate degree or college diploma in relevant field
• An advanced degree or certification (CFA) is an asset
• 3-5 years of relevant work experience
• Strong research, analytical, financial modeling, valuation, problem solving skills and ability to think creatively
• Experience working in deal environments including supporting acquisitions, diligence and/or asset management activities
• Advanced computer/technical skills – MS Excel, MS Power Point
• Solid verbal and written communication skills