Manager, Collateral Operations

Company Description

Make an impact at a global and dynamic investment organization

When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians.

CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6 trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo, and Sydney.

CPP Investments successfully attracts, selects, and retains talented individuals from top-tier institutions worldwide. Join our team for access to:

• Stimulating work in a fast-paced and intellectually challenging environment
• Accelerated exposure and responsibility
• Global career development opportunities
• Diverse and inspiring colleagues and approachable leaders
• A hybrid-flexible work environment with an emphasis on in-person collaboration
• A culture rooted in principles of integrity, partnership, and high performance
• An organization with an important social purpose that positively impacts lives

If you have a passion for performance, value a collegial and collaborative culture, and approach work with the highest integrity, invest your career here. 

Job Description

The Collateral Management team within the Investment Operations department is responsible for managing and overseeing the exchange of collateral related to a broad set of investments, which includes Futures, Options, OTC Derivatives, Centrally Cleared Derivatives, Repos, Prime Brokerage, and Securities Borrow & Lend. The team plays a critical role in advancing CPP Investments' collateral capabilities, ensuring process efficiency, and maintaining strong internal and external partnerships.

As a Manager, Collateral Operations, you will lead a team responsible for executing and enhancing the day-to-day operations of collateral management. You will ensure collateral processes are efficient, well-controlled, and support the enterprise’s investment strategies. This role emphasizes team development, operational scalability, and strategic collaboration across Investment Operations, Investment Departments, Risk, Total Fund Management, and Finance.

Accountabilities:

• Oversee daily collateral management and settlement processes: Ensure timely and accurate collateral exchanges and settlements across various asset classes including derivatives and securities lending, resolving issues as they arise.
• Advance operational capabilities: Identify opportunities to evolve, standardize, and scale collateral processes through automation and continuous improvement initiatives.
• Develop and maintain documentation: Ensure policies, procedures, and business process documentation are comprehensive, current, and support consistent execution and internal controls.
• Support strategic and business planning: Collaborate with leadership to contribute to departmental strategy, operational planning, and team goal setting.
• Build and maintain stakeholder relationships: Manage internal partnerships with Investment, Treasury, FAR, and Technology teams, and external relationships with service providers, custodians, and brokers.
• Drive team development and performance: Provide coaching, mentorship, and career development opportunities to team members, fostering a high-performing and engaged team culture.
• Contribute to project and change initiatives: Coordinate with internal teams to deliver collateral-related projects and enhancements, ensuring alignment with business needs and timelines.
• Monitor operational metrics and performance: Define and track key performance indicators to assess efficiency, control quality, and service standards.

Qualifications

• Undergraduate degree in Finance, Commerce, Economics, or a related discipline.
• Minimum of 7–10 years of progressive experience in operational roles within a financial institution or investment organization, with at least 2 years in a supervisory or leadership capacity.
• Professional designation such as CFA or CAIA is considered an asset.
• Strong understanding of capital markets and investment products, particularly derivatives and collateralized instruments.
• Experience in operational controls, process optimization, and stakeholder engagement.
• Excellent analytical and problem-solving skills, with a detail-oriented mindset, ability to manage multiple priorities and adapt to evolving business and technology landscapes.
• Strong interpersonal and communication skills, with the ability to influence and lead within cross-functional environments.

Additional Information

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At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process. 

Our Commitment to Inclusion and Diversity:

In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

Disclaimer:

CPP Investments does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered.  CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.