Principal, Capital Solutions

Company Description

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

We are presently recruiting for a Principal, Structured Credit (SC) in our Capital Solutions group within the Credit Investment department, to be based in Toronto.  SC invests in sub-investment grade structured credit, debt capital solutions for financial institutions, life science & IP investments, and special situations in markets across the Americas. The Principal will focus on our structured credit and financials portfolio. Typical investments include purchasing or financing whole loan portfolios, acquiring junior tranches or residuals in ABS securitizations, or providing strategic financing solutions to financial institutions in the Americas. 

Reporting to the Managing Director, Structured Credit, you will play a deal-lead and portfolio management role and work closely with the Managing Director to shape and execute the long-term strategy and direction of the team.  Working with our global colleagues across CPP Investments, you will leverage your deep network of market contacts to source, structure, negotiate and lead due diligence in structured credit, specialty finance corporate credit, and other related credit transactions, primarily in the Americas. Utilizing your significant investment acumen and track record you will lead deal teams by offering mentorship and guidance to junior team members and provide oversight on sophisticated pricing and valuation models.  You will drive investment committee discussions, providing thoughtful and balanced perspectives to build the SC portfolio and contribute to the Group and Global Credit Investments department strategic objectives.

Credit Investments currently manages assets in excess of $80B; investment size ranges from $50M to over $1B. The Credit Investments team has over 120 investment professionals across North America, Europe, and Asia.

Role-Specific Accountabilities:

Source attractive deals and build a distinctive market edge for Structured Credit

• Use your already established network of relationships with management, sponsors and intermediaries across the financials and structured credit industry to source new investment opportunities for the group
• Actively work to craft new opportunities rather than relying on inbound requests
• Be immediately recognized as a thought and execution leader in the structured credit vertical.  Gain visibility by taking dedicated outreach steps (e.g., non-transactional meetings with management teams, participating at conferences)
• Successfully position CPP Investments as the partner of choice

Lead deal teams as they execute transactions, maintaining clear oversight of deals and key relationships

• Demonstrate a talent for apprenticing junior team members as they execute transactions. Perpetuate a group culture of constant mentorship, improvement, and excellence
• Articulate investment themes in the structured credit vertical and shape the theses on deals.  Identify critical factors impacting potential returns.
• Demonstrate good judgment on deal actionability and deploy resources efficiently.
• Lead the team on execution priorities and workplan that balances robust analytics with efficiency in pursuing high probability outcomes
• Think critically about risk assessment and how to diligence issues; actively identify and handle risks on investments.
• Be creative and prudent in negotiating and structuring deals to achieve investment objectives while also providing downside protection on key risks
• Establish strong rapport with management teams
• Identify and remove roadblocks before they become an issue.
• Champion attractive deals with conviction and competence at CI, CPP Investments management and Board Investment Committees

Perpetuate a culture of high-performance, integrity and partnership within CSG and with the organization.

• Be an enterprise standard bearer of CPP Investments’ Guiding Principles.
• Be a collaborative teammate who engages their colleagues.
• Be flexible, adaptable and take initiative.
• Encourage and incorporate multiple perspectives in decision making.
• Entrepreneurial, driven, and willing to work hard to achieve objectives.
• Comfortable engaging others with impact in a high-profile environment and high-visibility role.
• Keen to build a sustainable business
• Seek opportunities for innovation, to drive efficiencies in investment processes and to find opportunities for data driven edge.
• Assist in the training and development of Credit Investments department colleagues and participate in recruiting activities to build a diverse and inclusive team.

Qualifications

If you possess the following, we’d like to hear from you:

• Knowledgeable in at least a few of the following areas: structured credit, specialty finance, asset backed finance, whole loans, and other financials related credit opportunities.
• Undergraduate and/or graduate degree (required).
• Professional with a consistent track record originating, structuring, and executing private transactions.
• Thorough understanding of modeling, analytical and valuation approaches in order to provide oversight and mentoring to junior investment professionals. 
• Ability to identify key risk factors in planning financial, commercial and legal due diligence on proprietary investment opportunities.
• Knowledge of, and experience structuring securitization, warehouse and other portfolio financing solutions.
• Willing to embrace a culture of innovation and continuous improvement.
• Strong interpersonal skills and business relationship skills.
• Ability to communicate effectively, both orally and in writing.
• Flexibility, adaptability, initiative, good judgement and “sense of the deal”.
• Ability to meet deadlines and work well under pressure.
• Teammate who enjoys a high-performance culture.
• Demonstration of our guiding principles of integrity, partnership, and high performance.

Additional Information

Visit our LinkedIn Career Page or Follow us on LinkedIn. #LI-AC1 #LI-Onsite

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.