Intern, Quantitative Research & Risk

Posted 4 Days Ago
Be an Early Applicant
Toronto, ON, CAN
Hybrid
25-38 Hourly
Internship
Fintech • Software • Financial Services
The Role
Support Quantitative Research team by assisting analysts and portfolio managers with development of portfolio management models, research projects, report generation and automation, and ad hoc data requests. Work with large, disparate datasets and apply programming and NLP/LLM techniques to identify quantitative opportunities and monitor quantitative portfolios.
Summary Generated by Built In

Best Workplaces™ in Canada 2020 - 2026 | Best Workplaces™ with Most Trusted Executive Teams 2024 - 2026 | Best Workplaces™ in Financial Services & Insurance 2020 - 2026 | Best Workplaces™ for Mental Wellness 2023 - 2026 | Best Workplaces™ for Giving Back 2022, 2024 | Best Workplaces™ for Inclusion 2021, 2024 | Best Workplaces™ for Women 2021 | Best Workplaces™ in Ontario™ 2020, 2021, 2024 | Best Workplaces™ for Professional Development 2025  | Best Workplaces™ for Young Talent 2026  

One of Canada’s Most Trusted Investment Brands.

At Picton Mahoney Asset Management (PICTON Investments), being alternative isn’t just what we do—it’s who we are. Founded by industry pioneer David Picton, we’ve spent 20 years challenging conventional wisdom and redefining the investing landscape. As one of Canada’s most trusted investment brands, we are proudly independent—privately run, 100% employee-owned, and deeply committed to delivering results for our clients.

Thinking Alternatively is in Our DNA. 

With a team of 241 bold thinkers—one-third dedicated solely to investment management—we are specialists, not generalists. Managing $19.3 billion (June 30, 2026) for institutional and retail clients, we navigate markets with conviction, resilience, and a forward-thinking approach.

We’re more than investors — we’re innovators. We challenge traditional investment mindsets, constantly pushing the boundaries to achieve our mission: To bring greater certainty to investors. 

Our success is built on four guiding principles:

  • Treat investors’ money like our own.
  • Redefine the way investors invest.
  • Be human—always approachable.
  • Succeed together, one investment at a time.

These aren’t just words—they define how we think, how we invest, and how we work. 

Now, we’re entering our next chapter. We’re transforming our brand and reshaping the way the world invests. If you think alternatively, embrace an entrepreneurial spirit, and thrive in a dynamic, bureaucracy-free environment, join us and be part of what’s next.

Thriving in Our Entrepreneurial Culture

At PICTON Investments, you’ll thrive in our creative and dynamic workplace, where collaboration and support are at the core of everything we do. At our firm, you’ll have the opportunity to take on significant responsibilities, work in a flexible environment, and tackle challenging projects from the outset. Our culture is designed for ambitious professionals who want to make an immediate impact while continuing to push boundaries and achieve our greater mission. You’ll be empowered with a high level of responsibility, trust, and flexibility, providing an exciting and creative space for you to help reshape how the world views alternative investments. With competitive total rewards, performance-based bonuses, and a clear path for career growth, you’ll have everything you need to develop both now and over the longer term.

The Opportunity

We are currently searching for an Intern, Quantitative Research and Risk to contribute to the success of our Quantitative Research team this Fall, as we continue to grow, we are looking for someone who is naturally curious and motivated by complex challenges, with a sharp analytical mindset. The Quantitative Research Intern will collaborate with internal teams to develop portfolio management models and can identify quantitative opportunities.


The expected hourly pay range for this internship position is $25.00 - $38.00. The final compensation offered within this range will be determined based on factors such as relevant education, skills, experience and internal equity.


You’ll have the opportunity to learn and lead:

  • Support the Analysts and Portfolio Managers within the Quantitative Research Team
  • Collaborate with the team on research and development of projects related to Quantitative portfolios
  • Contribute to the design, integration, generation and automation of various reports related to operation and monitoring of Quantitative portfolios
  • Respond to ad hoc requests from Analysts and Portfolio Managers

What You Bring

  • Must be enrolled in an engineering, mathematics, statistics, quantitative finance, computer science, or related discipline with a recognized post-secondary institution
  • Financial domain knowledge is an asset but not a requirement
  • Front end programming experience is an asset but not a requirement
  • Some programming skills (preferably in R/Python/SQL) required
  • Confident in ability to work with large and disparate data and communicate complex issues in a clear and concise manner.
  • Interest in pursuing a CFA Designation is an asset but not required.
  • Experience with natural language processing (NLP) and Large Language Model (LLMs).
  • Ability to show initiative and composure when navigating tight project timelines.
  • A strong team player who can collaborate with others or able to work independently
  • Strong communication skills (written and oral communication) while relaying complex information
  • Understanding of factor-based investment strategies and alternative risk premia

Our Commitment to Employees

At PICTON Investments, we take pride in enhancing our employees' experiences through a comprehensive suite of exceptional perks and programs. Our benefits include corporate fitness reimbursement and discounts, VersaFi memberships (formerly Women in Capital Markets), Picton Wealth investment counseling and portfolio management services, volunteer and charitable donation matching, maternity and parental leave top-up, recognition awards, semi-annual performance bonuses, a generous annual vacation entitlement (minimum of 15 days per year), training and development reimbursement, extensive health and dental benefits, a healthcare spending account, and more.

These offerings are designed to support your career growth, well-being, and overall success. Join us and thrive in an environment that values and invests in you!

PICTON Investments is committed to providing an equitable and fair work environment for everyone and all hiring and other personnel actions will be taken without regard to race, colour, creed, religion, sex, disability, gender identity, gender expression, family status, age, language or national origin. If you require an accommodation at any point in time throughout the application and hiring process, please contact Human Resources at (416) 955-4108 or at [email protected].


PICTON Investments does not accept unsolicited resumes, emails, calls, or any other form of communication from third-party recruitment agencies. Any unsolicited outreach, including commercial electronic messages, will neither be acknowledged nor considered.

Please note: We use AI-assisted tools to support parts of our recruitment process, including summarizing interview notes, aligning candidate profiles with job requirements, and initial resume screening. All decisions are made by our hiring team.

Skills Required

  • Enrolled in engineering, mathematics, statistics, quantitative finance, computer science, or related post-secondary discipline
  • Some programming skills (preferably in R, Python, SQL)
  • Experience with natural language processing (NLP) and Large Language Models (LLMs)
  • Comfort working with large and disparate datasets and communicating complex issues clearly
  • Understanding of factor-based investment strategies and alternative risk premia
  • Strong written and oral communication skills
  • Ability to show initiative and composure under tight project timelines
  • Ability to collaborate as a team player or work independently
  • Financial domain knowledge
  • Front-end programming experience
  • Interest in pursuing a CFA designation
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The Company
HQ: Toronto, Ontario
189 Employees

What We Do

PICTON Investments is a Canadian investment firm with over $15 billion in assets under management, recognized for pioneering alternative investment strategies that challenge traditional thinking. Since 2004, we have been helping advisors and investors rethink portfolio construction by moving away from traditional models toward more resilient, diversified solutions. Leveraging deep expertise in quantitative research, fundamental analysis, and authentic hedging strategies, we champion a modern approach designed to deliver more consistent, risk-adjusted returns. Our philosophy is to “Build from the Bear Up,” embracing a bear mindset of resiliency, adaptability, and strength to provide Canadians with greater certainty. Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. This LinkedIn Account is monitored by Picton Mahoney Asset Management (“PMAM”) and its service providers for the purposes of assessing and ensuring compliance with applicable laws and regulatory requirements and to evaluate reactions to, and interactions with, postings about PMAM and its business so that PMAM may improve its products, services and marketing activities. By posting or transmitting any personal information on or to this LinkedIn Account, you are consenting to PMAM’s collection, use and disclosure of your information for such purposes and any other purposes required or permitted by applicable law. See our Privacy Policy at www.pictonmahoney.com/privacy-policy/ and our social media terms at www.pictonmahoney.com/social-media-terms/

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