Intern, Dynamic Asset Allocation and Currency Management (May – August 2025)

ABOUT USWe’re one of Canada’s largest pension investment managers, with CAD$264.9 billion of net assets as of March 31, 2024.We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.EXPERIENCE THE EDGEAt PSP, we encourage our employees to grow, forge powerful relationships, contribute and fuel inspired investment launchpads. We are committed to a culture that fosters collaboration and allows us to think beyond, in an interconnected way. We advocate for our employees to speak-up, learn, experiment, share, and be part of an where diversity is embraced.ABOUT THE TEAMSitting within the Chief Investment Office (CIO) group, the Dynamic Asset Allocation and Currency Management (DAACM) team aims to improve the likelihood that the Policy Portfolio will deliver on PSP’s value proposition. In order to accomplish this, the DAACM team:Determines the economic and financial scenario that feeds into our Medium-Term Capital Market Assumptions (MTCMAs), which influence our dynamic investment activities related to currencies and asset allocation for the Total FundDetermines, implements and manages the Target Portfolio’s desired asset-class exposures and currency exposures by incorporating business cycle dynamics to maximize the probability of achieving PSP’s mandateLeads the rebalancing activities (assets and currencies) of the Total Fund to ensure exposures are aligned with desired Total Fund targetsEstablishes and oversees the Dynamic Asset Allocation, and Total Fund Currency Management (including Dynamic Currency Management)ABOUT YOUR ROLEAs an Intern, Dynamic Asset Allocation and Currency Management, you’ll:Assist in the development of models explaining the returns of private asset classesAssist in the fundamental analysis and decomposition of public equity and fixed income indices total returnsProvide technical assistance to improve forecasting of the economic and financial scenarioPerform top-down macroeconomic research to aid in the projection of global economic scenarios and the assessment of these scenarios on the different asset classesWHAT YOU’LL NEEDCurrently enrolled in a Master’s or Ph.D. degree in Finance, Economics, or a related fieldHigh academic achievementSolid understanding of macroeconomics and of financial marketsAbility to collect and analyze large amounts of information and quickly grasp complex issuesStrong knowledge of statistical analysis and programming software applications (Python, Eviews, Matlab, R, etc.), requiredKnowledge of market data collection systems (Bloomberg, Datastream, etc.), an assetCFA/FRM title, an assetIntellectual curiosity, willingness to learn, creativity and openness to new ideasProactive, hardworking, result oriented and a recognized work ethicMust return to studies after the internship or the internship must be part of your curriculumProficiency in English and French (or willingness to learn) (frequent interactions in English with PSP employees based in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)Candidates must have the right to work in Canada* for the period specified to be considered for this position. No support to obtain the right to work will be provided.
*Options include Canadian citizenship, permanent residency or a valid open work permit.At PSP, we aim to provide an inclusive workplace where we leverage diversity and where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.To apply, please upload your resume, cover letter and most recent unofficial transcript.Deadline to apply: 2025-01-26Visit us onFollow us on#LI-MB1

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