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Principal, Overlay Management

Job in Toronto, Ontario, M5A, Canada
Listing for: OMERS
Full Time position
Listed on 2026-07-22
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst, Portfolio & Asset Management
Job Description & How to Apply Below

Choose a workplace that empowers your impact.

Join a global workplace where employees thrive. One that embraces diversity of thought, expertise and experience. A place where you can personalize your employee journey to be — and deliver — your best.

We are a purpose-driven, dynamic and sustainable pension plan. An industry leading global investor with teams in Toronto to London, New York, Singapore, Sydney and other major cities across North America and Europe. We embody the values of our 665,000 members, placing their best interests at the heart of everything we do.

Join us to accelerate your growth & development, prioritize wellness, build connections, and support the communities where we live and work.

Don’t just work anywhere — come build tomorrow together with us.

Know someone at OMERS or Oxford Properties? Great! If you're referred, have them submit your name through Workday first. Then, watch for a unique link in your email to apply.

The Principal, Overlay Management, is a core investment leadership role within the Overlay Managementgroupin the Global Multi-Assets Strategies (GMAS) team in Toronto. The positionis responsible fordeveloping and implementingglobalpublicequity views, translating macroeconomic and market insights into disciplined portfolio actions, and managingpassive andtacticalequity-related exposures. Working closely with the Managing Director,Overlay Management,EVPand HeadofGMAS,Total Portfolio Management (TPM), Risk, andother

Public Markets teams, the role supportsOMERStransition toward a total portfolio investment approach with a strong emphasis on risk-adjusted returns and drawdown management.

Reporting to the Managing Director, Overlay Management, the Principalis one ofthe portfolio managersresponsible forcross‑assetpassivepositioning, macro research, tacticalasset allocationdecisions, and Tail Risk Hedging within the Overlay Managementgroup. The role is critical to building a scalable, institutionally robust Overlay Managementcapability over time.

Key Responsibilities:

Investment Strategy & Portfolio Management

  • Developglobalpublicequity investment views informed by macroeconomic analysis, valuation signals, and market dynamics.

  • Lead the design and execution ofpublicequity-related tactical asset allocation (TAA) decisions within defined risk limits and governance frameworks.

  • Implement portfolio adjustments to improve total planrisk‑returnoutcomes, including equity exposure tilts, rebalancing actions,incoordination with Currency and Fixed Incomepositioningwithin Overlay Management.

  • Macro Research & Opportunity Identification

  • Conduct and lead macroeconomic and market research relevant topublicequity markets.

  • Continueevolving Equity Risk Premia (ERP) signals modeling researchwithinTAAframework.

  • Contribute judgment and insight to the systematic Overlay Management investmentframework, complementing quantitative signals with qualitative assessment.

  • Advancethe Passive Equity benchmark delivery via enhancements toitsrebalancingmethodologyand security selection framework.

  • Implementation & Tail Risk Hedging

  • Implement equity overlay strategies using liquid public market instruments, including futures, swaps, and options.

  • Ensure execution efficiency and coordination with Trading, Operations, and Risk teams.

  • Hold responsibility forequity‑related

    Tail Risk Hedging (TRH) strategies, including scenario analysis, stress testing, and downside protection design.

  • Collaboration & Governance

  • Present investment views, recommendations, and outcomes to the Managing Director,Overlay Management,EVPand HeadofGMAS,and relevant governance forums.

  • Work collaboratively with

    Overlay

    Managementteam members,across GMAS, TPM, and Risk teams tomaintainintegratedtotal‑portfoliomanagement.

  • Contribute to the development, documentation, and refinement of Overlay Managementinvestment frameworks and methodologies.

  • Provide leadership, mentoring, andday‑to‑dayguidance to junior team members, supporting skill development in macro research, portfolio construction, and implementation, while contributing to succession planning and team resilience.

  • Required

    Skills and Experience:

  • 10+ years in public markets investing, withdemonstrated

    Portfolio

    Ma…

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