Why you’ll love working here:
high-performance, people-focused culture
our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves
learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth
membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security
competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).
optional post-retirement health and dental benefits subsidized at 50%
yoga classes, meditation workshops, nutritional consultations, and wellness seminars
the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers
Job Summary:
The Senior Director, Total Portfolio Risk is a key leadership role within the Risk Division, responsible for delivering independent oversight, analytics, and insight on HOOPP’s total portfolio risk. Reporting to the VP, Total Portfolio Risk & Analytics, this role partners closely with Investment Management to support portfolio construction, strategic decision-making, and risk governance across public and private assets.
This role serves as the enterprise owner of Total Portfolio Risk oversight at HOOPP, with accountability for how total portfolio risks are identified, measured, understood, and appropriately escalated across the organization.
The role focuses on total portfolio risk oversight, stress testing, emerging risks, and advanced risk analytics. It plays a critical role in strengthening HOOPP’s Total Portfolio Approach by ensuring risks are well understood, measured, and integrated into investment decisions.
What you will do:
Partner with investment management to provide holistic risk oversight of HOOPP’s total portfolio, which includes public assets as well as a broad range of private asset classes (such as real estate, infrastructure, private equity, and private credit). HOOPP’s portfolio also includes complex derivatives.
Providing independent risk governance and constructive assessment over portfolio design choices, strategic allocations, and material transactions.
Deliver integrated oversight of total portfolio risk, monitoring the macroeconomic environment, identifying key economic and market risks, and assessing their aggregate impact on the total portfolio.
Leading benchmark governance across both public and private asset classes and ensure benchmarks appropriately reflect the risk and return drivers of each mandate.
Leading the asset stress testing function and partner with the Actuarial team to provide asset/liability scenarios and ad-hoc analysis as required.
Leading the identification and assessment of emerging risks, including advancements in artificial intelligence and other disruptive technologies, and evaluate their implications for total portfolio risk, investment strategies, and market dynamics.
Leading total portfolio risk research and advanced analytics, including driving risk management innovation in risk factor modeling, cross-asset correlation and tail-risk analysis, and forward-looking stress testing methodologies, while working closely with IT partners, the Total Portfolio Group, and industry thought leaders.
Building partnerships with investment management as well as other divisions across HOOPP that support the investment management function (Finance, HR, IT, Legal, etc.). Strong cross-functional collaboration is essential.
Maintaining well-established relationships with peers in the industry, regulators, and industry experts.
What you bring:
University education with a minimum post-graduate degree in Finance, Economics, Computer Science, Engineering, or a related field.
Minimum 12 years’ work experience of investment management or investment risk management in the pension industry, with strong knowledge of portfolio construction framework, risk modeling, and cross-asset risk analytics.
Strong expertise in both public assets (including derivatives) and private assets, including their risk characteristics, valuation approaches, and cross-asset interactions.
Experience with stress testing frameworks and risk systems including incorporating macroeconomic conditions into quantitative stress testing and scenario design. (Experience with Aladdin Risk, Ortec or other risk systems would be beneficial).
Previous coding and software development an asset.
The actual base salary offered to the successful candidate may vary based on multiple factors including, but not limited to, individual's expertise and level of experience applicable to the role they are being offered.
This role is eligible to participate in discretionary incentive plan(s), subject to the terms and conditions of the applicable incentive plan text.
This job posting is for a newly created role.
HOOPP may use artificial intelligence tools to assist in screening, assessing and selecting applicants for this position. These tools support our recruitment process but do not replace human judgment and decision-making.
Skills Required
- Post-graduate degree in business, mathematics finance, science, engineering, or a quantitative discipline
- Minimum 12 years' experience in investment risk management in the pension industry
- Strong knowledge of portfolio construction framework, risk modeling, and cross-asset risk analytics
- Experience with stress testing frameworks and risk systems
- CFA designation preferred
- Experience in both public and private markets
- Previous coding and software development experience
- Experience leading, mentoring and developing risk professionals
- Experience in building, implementing, and maintaining risk policies, governance processes, and reporting structures
What We Do
Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector. We serve more than 460,000 members who provide valued healthcare services at more than 670 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada's largest and most respected pension plans, HOOPP's net assets reached $112.6 billion at the end of 2023 and our funded status remained strong at 115%. HOOPP's core values - professional, accountable, collaborative, compassionate and trustworthy - guide our every interaction with our members, employers and employees. We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation. From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people. Our high-performance culture, which spans our head office in Toronto and our office in London (UK), is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation
