Associate, Portfolio Strategy & Analytics - SLC Management

SLC Management is a growing global asset management firm providing innovative and diversified investment solutions to institutional investors. We are breaking new ground with a full spectrum of solutions for a growing institutional client base of more than 1400 organizations. Our history of organic and strategic growth reflects this commitment with over CA$387/US$286 billion in assets under management (AUM). As a subsidiary of Sun Life, we are aligned with one of the world’s leading financial services companies, and benefit from the stability and strength of that relationship.

We are a performance-driven organization with a deliberate focus on fostering a development-focused, inclusive culture revolving around our Core Values of being client obsessed, valuing each other, acting with speed and having an owner’s mindset. As part of our team, you play a role in fulfilling our purpose and making a difference. We offer a rewarding work environment that is filled with opportunity for growth where you will be empowered to meet the challenges of a highly competitive landscape.

Visit our website to learn more and for the most up to date AUM information.

SLC Management offers a mix of in-office and virtual work where our employees are empowered to do their best. Generally, employees are expected to work three or more days in-office each week with flexibility depending on their business, client and team needs.

What Is in It for You

Reporting to the Senior Director, Portfolio Management, the Associate, Portfolio Management will provide direct support on a variety of Global processes, projects, and initiatives to support Sun Life Financial (SLF). Given the broad nature of the role, the candidate will often operate in a matrix environment, partnering with both senior and junior resources across the SLC Portfolio Management, SLC front office/finance, and Client (SLF) ALM teams.

WHAT YOU WILL DO:

Partnering with other SLC Portfolio Management resources, support enterprise-wide collateral and liquidity management processes, monitoring and reporting. This would include (but would not be limited to) preparing the following processes/reporting on behalf of the Client, supporting Client questions and additional analysis:

• Produce and enhance the Collateral Coverage Ratio and Repo Coverage Ratio reports for SLF. Analyze enterprise collateral and margin activities, providing insights to support risk management decisions related to derivatives and repo programs (partner with SLF Financial Risk Management)
• Support enterprise derivative analytics and monitoring by driving analysis on 5-year Derivative capacity testing, Credit Derivative usage monitoring and compliance reporting related to pledging policies (partner with SLF Financial Risk Management)
• Assist in the annual Business Plan and Strategic Plan activities that relate to asset supply for SLF, and support similar initiatives for the wider SLC Client base, as appropriate. This would include Capital Market Forecast, analysis related to supply/demand matching, and producing analytics to support negotiations of allocation of non-marketable assets to SLF and other SLC Clients
• Support Portfolio Management activities related to the Canada Mortgage Bond securitization program (MBS Issuance & sale, CMB program reinvestments, reporting, and hedging decisions)

Surplus & General Portfolio Management & Reporting:

• Monitor surplus portfolios across geographies and deliver insights on Surplus portfolio composition and risk exposure by analyzing asset allocation, duration positioning, and sensitivity to market risks.
• Monitor FVOCI gains and ensure communication of tactical trading activity and variance versus Plan between Client teams (Global and Business Group ALM, Corporate Finance) and SLC
• Surplus cash management responsibilities (partner with Business Group Portfolio Management, Client ALM/Finance/ Treasury resources)
• Support quarterly SLC investment contribution tracking, including and not limited to Earning on Surplus, Real Estate, Credit Experience and Equity performance analysis
• Partner with SLF Global ALM resources, coordinate discussions related to Surplus investment strategies, and surplus portfolio positioning among key downstream surplus owners (BG/legal entity level) to ensure consistency in decisions and actions
• Support CIO and other SLC Senior Managing Directors on global surplus portfolio reporting and analysis
• Coordinate and communicate large tactical trading initiatives and/or programs (e.g. ‘dry powder’ initiatives)

WHAT YOU WILL NEED TO SUCCEED

• 1-3 years of experience in the investment industry
• University degree in finance, business or economics
• CFA designation with MBA/MFE (or equivalent) is preferred
• In depth knowledge of modern portfolio theory and application, including portfolio construction, asset pricing and risk management
• Knowledge of broad asset classes across the investment spectrum
• Understanding of the SLF liability profiles (all Business Groups) is preferred
• Strong client-focus and communication skills
• Creative, flexible thinker who enjoys exploring new ideas
• Problem solver, with demonstrated ability to deliver innovative solutions
• Ability to cultivate strong working relationships across various functional areas (Investments, ALM, Treasury, Risk and Finance)
• Experience with financial tools or software (i.e. Bloomberg, Blackrock Aladdin or Morningstar Direct)

Why SLC Management?

• Opportunity to work for a growing global institutional asset manager
• Excellent benefits and wellness programs to support the three pillars of your well-being - mental, physical and financial - including generous vacation and sick time, market-leading maternity, parental and adoption leave top up program, a partially-paid sabbatical program and much more
• Pension, stock and savings programs with an employer-paid match to help build and enhance your future financial security
• A flexible work environment with a friendly, caring, collaborative and inclusive culture focused on career growth development #WeWinAsATeam
• The opportunity to move along a variety of career paths with amazing networking potential
• Award winning workplace culture - Great Place to Work® Certified in Canada and the U.S., “Best Places to Work” by Glassdoor, Award for Excellence for Mental Health at Work, “Best Places to Work in Money Management” by Pension & Investments

SLC Management is a regulated business, and this means that there are certain financial reporting and trading preclearance requirements for all employees. Successful candidates will be required to declare personal investment accounts and securities investments as well as seek preclearance on future transactions including those of household members.

Salary Range

We are committed to pay transparency and equity. The base salary range for this role is competitive and we strive to ensure that compensation is fair and equitable. Your actual base salary will be determined by your unique skills, qualifications, experience, education, and geographic location. In addition to base salary, this position is eligible for a discretionary annual incentive award based on individual and overall business performance along with a broad range of competitive benefits.

We are committed to fostering an inclusive environment where all employees feel they belong, are supported and empowered to thrive. We are dedicated to building teams with varied experiences, backgrounds perspectives and ideas that benefit our colleagues, clients, and the communities where we operate. We encourage applications from qualified individuals from all backgrounds.

We will make reasonable accommodations to known physical or mental limitations. Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to thebrightside@sunlife.com.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.