Senior Associate, Investment Risk

Intro
At IMCO, our talent is among the best! IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career. Our culture is built on collaboration and passion, with a shared commitment to delivering lasting value to the clients we serve. Located in downtown Toronto, our vision is to be the partner of choice for Ontario’s public sector funds and to build a high-performing, value-driven asset management firm. This job posting is for an existing vacancy. If you are ready to deliver best-in-class service and join a collaborative, motivated and fun team of professionals, IMCO offers the opportunity to do impactful work and broaden your expertise. If you’re looking to use your expertise to drive strategic outcomes, we’d love to hear from you.Responsibilities
The Senior Associate will be responsible for supporting, from a risk perspective, portfolio and investment decisions in Global Credit, Private Equity, Real Estate & Infrastructure. You will assist in deal risk assessment, portfolio monitoring and management of systematic and idiosyncratic risks within risk limits, producing and enhancing customized quarterly investment risk and climate stress testing reports to communicate risk effectively to the investment teams and senior leadership at IMCO. You will also be collaborating with peers across risk and private investment teams for new and existing Investment Committees deliverables. As a Member of Our Team You Will be Responsible For: Support Front Office (“FO”) decision making from a risk perspective, across Private Markets. Independently evaluate the qualitative risks of private investments, provide recommendations that inform investment and portfolio decisions, and ensure risks remain within IMCO clients’ risk appetite and that risk taking is appropriately rewarded, thinking beyond “established” risks. Investment Risk Support will also be responsible for the ongoing monitoring of the portfolio’s risk profile over time. Work closely with the Risk Analytics Team and the broader teams to integrate data from various data systems at IMCO. Develop relationships with key partners while maintaining an independent assessment of risks. Work directly with individual deal teams to understand risks of individual deals and discuss with Managing Director and VP, Investment Risk before investment Committee meetings. Provide guidance to investment teams on policy, governance, limits, benchmarking, and risk reporting. Lead and contribute to the production, analysis and enhancement of customized quarterly private market investment risk and climate stress testing dashboards by integrating data from systems at IMCO (including the risk, climate and performance systems). Monitor compliance with portfolio mandates and conduct quarterly portfolio reviews assessing the drivers of portfolio performance and largest risk contributors. Identifying significant changes to risk contributors. Work cross functionally with teams to support investment strategy reviews, benchmark recommendations, organizational strategy and enterprise planning. Lead components of the design, build and enhancement of appropriate risk management approaches for Private Assets, reflecting the global investment activities of the business, and supporting the growth of IMCO. Build appropriate models and downside scenarios to measure and monitor risk for all Private Assets, considering both qualitative and quantitative components of investment risks. Develop and manage relationships with all stakeholders across the organization to understand operational and business activities and issues, providing independent risk advice and influencing decision-making through expert analysis and recommendations. Sharing information, resolving issues, identifying opportunities to leverage resources, and collaborating on projects and initiatives;
effectively participating in senior strategic decisions.Qualifications
What do you need to succeed: A minimum of 6+ years of experience in private market investment risk advisory and/or in the execution or valuation of private market transactions in a global financial institution, asset, investment manager or top tier consulting firm. An undergraduate or post-graduate degree in Finance, Economics, Commerce, etc. A professional designation or progress towards one (e.G., CFA, CBV, CA, FRM) is an asset. Excellent quantitative, analytical, financial modeling, problem-solving, and researching skills with strong attention to detail. Understanding of financial markets, valuation, capital structuring, for a broad range of assets, including Infrastructure, Real Estate and Private Equity. Strong interpersonal skills with an ability to interact with colleagues at all levels, cultivating partnerships and working collaboratively with internal and external stakeholders. Ability to lead workstreams and provide direction on projects and initiatives impacting Client Services, as well as other enterprise activities. Ability to consistently deliver quality outputs in a fast-paced environment, with an ability to work to tight deadlines and the capability to handle multiple projects and ad-hoc requests simultaneously. Ability to work independently with minimal supervision. Strong knowledge of Data Visualization (e.G. PowerBI), databases (SQL) and programming languages (Excel VBA®, Python, and PowerPivot®). Working knowledge of Risk Manager is an asset. High proficiency in Microsoft Excel, Word, PowerPoint. Strong written and oral communication skills with the ability to explain complex issues in a clear and compelling manner and present information to internal stakeholders.Compensation and Benefits
The base salary range for this position is CAD $90,000.00 - $120,000.00. The placement within the range is determined by the range of market pay for the specific position, as well as the candidate's knowledge, skillset and experience relative to the requirements of the position and to internal peers. In addition to base salary, this position is eligible to participate in IMCO's annual incentive plan. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you with the specific details for this position, as well as the total rewards offering at IMCO including our comprehensive benefits package and defined benefit pension plan.Work Arrangement
We thank all applicants for their interest. Only those selected for an interview will be contacted. Our hybrid work model prioritizes an office-first approach, encouraging employees to make the most of our collaborative workspace at 16 York Street, Suite 2400, Toronto, ON M5J 0E6. This welcoming environment fosters teamwork, connection, and professional growth. While flexibility remains a key component of our model, we believe that regular in-office engagement enhances productivity and strengthens our culture. Our approach supports a fulfilling lifestyle that balances professional ambition with personal wellbeing. IMCO is committed to providing accommodation for people with disabilities throughout the recruitment process. If you require support, please let us know and we will work with you to meet your needs. Artificial intelligence (AI) tools may be used to support parts of our recruitment process, such as screening and assessments. However, all hiring decisions are made by our recruitment team. Candidates being considered for this position will be required to undergo background screening.Company Overview
The Investment Management Corporation of Ontario (IMCO) is Ontario’s professional asset manager, investing on behalf of our public sector clients so they can care for beneficiaries and secure retirement futures. With approximately $90.7 billion in assets under management, we are one of the largest institutional investment managers in Canada and around the globe. Our mandate is to provide broader public sector clients with exceptional investment management services, including best-in-class advice around portfolio construction, efficient access to a diverse range of asset classes and superior reporting on risks and returns. Our vision is to rank among the world’s leading public-sector asset managers. We will achieve this through an unwavering focus on creating client value. That means ensuring that we deliver the returns required for our clients to meet their long‑term financial obligations.
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