Senior Analyst, Valuations

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

As a Senior Analyst, Valuations, you will play a critical role in the valuation of complex financial instruments, including derivatives and credit investments. You will be responsible for developing and maintaining robust valuation models, applying sound judgment in selecting appropriate methodologies, and ensuring valuation governance and transparency. This role requires a strong understanding of capital markets, fixed income instruments, and derivatives, as well as the ability to interpret and analyze large datasets to support valuation conclusions. An interest in leveraging Gen AI to drive process innovation is highly valued.

Team Description

The Valuations Group oversees valuation practices for all asset classes, geographies and strategies to provide assurance that all valuations serve the various business functions and needs across CPP Investments.

Accountabilities:

• Lead and support the valuation of public market and credit investments (e.g., CLO, ABS, RMBS), including private credit and derivatives (e.g., interest rate swaps, credit default swaps, options).
• Develop and maintain complex valuation models using discounted cash flow, option pricing, and market-based approaches, incorporating credit risk, liquidity premiums, and other relevant factors.
• Support the building of dynamic financial models, challenging assumptions, and testing sensitivities.
• Stratify and analyze large data sets to identify historical performance trends, detect correlations, identify key value drivers, and perform calibration.
• Support the preparation of detailed valuation reports and valuation highlights for inclusion in deal team communication, Valuation Committee, Audit Committee, and other board-level reporting.
• Assist in thorough reviews and quality assurance checks on valuation work products to ensure accuracy, completeness, and adherence to established methodologies and best practices.
• Stay abreast of industry trends, emerging valuation methodologies, and best practices; identify areas for improvement in the valuation processes/frameworks.
• Work closely with other CPPIB departments within Finance on a frequent basis, including fair value disclosure requirements and other ad hoc reporting.
• Demonstrate a curiosity and passion for emerging technologies, including Generative AI, to enhance valuation processes and drive operational efficiency.

Qualifications

• Undergraduate degree in Finance, Economics, Mathematics, or a related field; progress toward or completion of CFA, FRM, or CPA designation is an asset.
• 3+ years of experience in valuations, capital markets, or asset management, with a focus on fixed income, credit, or derivatives.
• Strong understanding of valuation techniques, including DCF, market comparables, and derivatives pricing models (e.g., Black-Scholes, Monte Carlo simulations).
• Proficient in MS Office (Word, Excel, PowerPoint, Outlook); experience with Tableau or other visualization tools is an asset.
• Familiarity with Bloomberg, Refinitiv, or other market data platforms.
• Excellent analytical, problem-solving, and communication skills, with the ability to explain complex valuation concepts to non-technical stakeholders.
• High attention to detail, strong organizational skills, and a commitment to continuous improvement and professional development.
• Interest in leveraging Generative AI (GenAI) to improve valuation workflows, enhance data analysis, and support innovation in financial processes.

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.