Director - Public Markets

Location

St John's, NL | Canada

Job description

Some would say we're in the pension business. We like to say we're in the people business. One that focuses on creating an inclusive and diverse culture for everyone who comes through our doors. One that puts our 55,000 members at the heart of everything we do because they deserve nothing less than a secure, stable future to build upon. One that can include YOU.

Who we are:

Provident10 is the largest pension plan in Newfoundland and Labrador and one of the largest pension plans in Atlantic Canada - representing 1 in 9 Newfoundlanders and Labradorians. Our team proudly oversees the pension administration and investment management of the $10 billion Public Service Pension Plan Fund (the Fund)

Modern. Focused. People Centric. The foundation for our vision.

For us that means creating a seamless experience for members and a positive culture for our employees; ensuring the organization remains efficient and agile, as we continue to make smart investments for growth - all while embracing technology and ensuring a consistent experience for our members.

What it's like to work at Provident10

We're proud to have been named one of Atlantic Canada's Top Employers for 2023, for the second year in a row! We earned the designation by focusing on elevating the employee experience and making Provident10 a great place to work.

We're committed to offering a total rewards program to employees, including:

• Membership in a defined benefit pension plan with employer matched contributions. Vested members of the Public Service Pension Plan can rest assured knowing that they will receive a predictable retirement income for life, without having to worry if their benefits will run out or be terminated.
• Comprehensive health and dental plan, including new initiatives driven by a health & wellness committee, like in-house vaccination clinics and mental health support programs.
• Learning and development program focused on supporting employees in reaching their career goals.
• Maternity leave top-up program for new and expecting parents.
• Performance management program with the potential for annual salary increases and a short-term incentive.
• Progressive annual leave program with a minimum of 15 paid days.
• Flexible work arrangements.

The Opportunity

We're a pension administration and investment management organization. Our primary goals are to safeguard our Plan members' pensions and ensure the stability and security of the Fund. To help us reach that goal, we're looking for a Director of Public Markets to join our team. Reporting to the Vice-President, Investments, the Director of Public Markets will play a critical role in manager selection and oversight through designing, building, and overseeing the externally managed public market investment strategy and monitoring program. The successful candidate will apply their knowledge of asset management and market risks to complete investment manager due diligence, and support the VP in continuously evolving Provident10's Investment Strategy to meet industry best practices.

Your key activities will include:

• Research and recommend active management strategies, while ensuring compliance with Provident10's investment policy.
• Develop a publics research agenda and library related to prospective investment managers and pertinent due diligence matters (e.g. ESG)
• Lead the search and selection process for new investment managers across various asset classes.
• Prepare and present manager selection and termination recommendation reports.
• Develop and maintain a comprehensive public market investment manager due diligence and monitoring program
• Support the Vice President in managing, mentoring and developing the Investment team to build and retain the talent of the organization.
• Contribute to periodic asset liability modelling studies.
• Monitor market and investment industry trends to identify operating efficiencies and process enhancements.
• Integrate the publics research and oversight program into Provident10's ESG framework
• Prepare detailed due diligence documents and deliver quarterly reports to the Investment Committee

What you'll bring to the role:

• A bachelor's degree in Finance or related field, supplemented by a Charted Financial Analyst Designation. Equivalent combinations of professional designations and education will be considered.
• A minimum of 10 years' experience in an investment setting at a pension fund or asset management firm.
• Experience in external public markets manager selection in both investments and operational due diligence
• Strong understanding of capital markets and portfolio management.
• Ability to adapt to new challenges and recommend innovative solutions.
• Strong oral and written communication skills.
• High attention to detail and ability to prioritize.
• Ability to work collaboratively as part of a small team, or independently.

Salary Range: $116,100 - $163,500

Application Deadline: March 31st, 2024

Provident10 is an Equal Opportunity Employer that welcomes and celebrates the differences that every individual brings. While only those individuals selected for an interview will be contacted, we extend our appreciation to all applicants for your interest.

Job tags

Salary

$116.1k - $163.5k per year