Director, Private Capital, Financial Services

The opportunity

Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of ~$279 billion as of December 31, 2025. Ontario Teachers’ is a fully funded defined benefit pension plan, and it invests in a broad array of asset classes to deliver retirement security for 346,000 working members and pensioners. Our Private Capital group deploys ~$60billion across direct private equity investments and private equity funds globally.

Reporting to the Managing Director, the role will be part of a deal team comprising analysts, associates, principals, directors, and managing directors, supported by third‑party consultants, operating executives, and legal and accounting advisors dedicated to each transaction.

The Financial Services team invests across sub‑sectors including Insurance, Wealth & Asset Management, Lending, Professional Services, and Cards & Payments, with particular need to understand the regulatory, AI, and digitization themes reshaping the sector. The role will also potentially partner with colleagues in OTPP's global offices on international investment and / or cross asset class opportunities in Financial Services.

• Serve as a key member of deal teams — conducting industry and company due diligence, building financial models, arranging debt financing, negotiating legal documents, and preparing written recommendations for the Underwriting Committee.

• Lead or co‑lead individual deals and work streams with oversight from the SMD or MD; own specific diligence streams (financial, operational, commercial, legal, tax, insurance) end‑to‑end.

• Post‑close, remain actively involved with portfolio companies — often as board observer or board member — working with management on strategy, value creation, M&A, and refinancing.

• Contribute to deal flow generation through desk research, consultant relationships, operating executive networks, conferences, and relationships with management teams.

• Lead sub‑sector deep dives and thematic research as the team evolves its coverage strategy, including emerging AI, regulatory, and digitization themes.

• Manage and develop analysts, associates, and principals on deal teams; provide direct mentorship on diligence, modeling, judgment, and communication.

• Work in a highly collaborative manner, bringing a complex network of stakeholders along (Global and Sector SMDs, MDs, deal teams, Portfolio Solutions team, international office leaders, portfolio companies, etc.). Strike the appropriate balance of being a confident decision‑maker and an inclusive leader.

• Build a network of operating executives, CEOs, consultants, bankers, and peer sponsors; progress toward independent deal sourcing by the end of Director tenure.

• Develop value creation expertise in close partnership with the SMD and MDs; contribute to portfolio company initiatives as assigned.

• Exercise judgment within deal teams and surface recommendations to the MD or SMD; lead individual work streams and, over time, full deals with oversight.

• Provide disciplined thinking, sound judgment, and courage of conviction, with a willingness to take balanced, thesis‑driven risk. Intervene directly and effectively when required and accelerate issues early.

• Work cross‑functionally and collaboratively with other teams to ensure continued alignment with OTPP's mission, vision, and values — including supporting and sharing knowledge with other areas of Investments and responding to ad‑hoc requests.

• ~10+ years of meaningful work experience, including several years of recent private equity investing. Active M&A in a senior role in corporate development would also be considered. Supplemented by previous experience in management consulting, investment banking, and/or corporations (preferably corporate development or similar roles).

• Experience playing a lead role on deal work streams, including conducting due diligence, leading multiple diligence streams (financial, operational, legal, tax, insurance), arranging debt financing, and negotiating documentation.

• Direct investment exposure to Financial Services preferred.

• Familiarity with Financial Services sector dynamics —…