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The Principal, Overlay Management, is a core investment leadership role within the Overlay Managementgroupin the Global Multi-AssetsStrategies (GMAS) team in Toronto. The positionis responsible fordeveloping and implementingglobalpublicequity views, translating macroeconomic and market insights into disciplined portfolio actions, and managingpassive andtacticalequity-related exposures. Working closely with theManaging Director,Overlay Management,EVPand HeadofGMAS,Total Portfolio Management (TPM), Risk, andotherPublic Markets teams, the role supportsOMERStransition toward a total portfolio investment approach with a strong emphasis on risk-adjusted returns and drawdown management.
Reporting to the Managing Director, Overlay Management, thePrincipalis one ofthe portfolio managersresponsible forcross‑assetpassivepositioning, macro research, tacticalasset allocationdecisions, and Tail Risk Hedging within the OverlayManagementgroup. The role is critical to building a scalable, institutionally robust OverlayManagementcapability over time.
Key Responsibilities:
Investment Strategy& Portfolio Management
- Developglobalpublicequity investment views informed by macroeconomic analysis, valuation signals, and market dynamics.
- Lead the design and execution ofpublicequity-related tactical asset allocation (TAA) decisions within defined risk limits and governance frameworks.
- Implement portfolio adjustments to improve total planrisk‑returnoutcomes, including equity exposure tilts, rebalancing actions,incoordination withCurrency andFixed Incomepositioningwithin Overlay Management.
Macro Research& Opportunity Identification
- Conduct and lead macroeconomic and market research relevant topublicequity markets.
- Continueevolving Equity Risk Premia (ERP)signals modeling researchwithinTAAframework.
- Contribute judgment and insight to the systematic OverlayManagement investmentframework, complementing quantitative signals with qualitative assessment.
- AdvancethePassive Equity benchmark delivery via enhancements toitsrebalancingmethodologyand security selection framework.
Implementation& Tail Risk Hedging
- Implement equity overlay strategies using liquid public market instruments, including futures, swaps, and options.
- Ensure execution efficiency and coordination with Trading, Operations, and Risk teams.
- Hold responsibility forequity‑relatedTail Risk Hedging (TRH) strategies, including scenario analysis, stress testing, and downside protection design.
Collaboration& Governance
- Present investment views, recommendations, and outcomes to theManaging Director,Overlay Management,EVPand HeadofGMAS,and relevant governance forums.
- Work collaboratively withOverlayManagementteam members,across GMAS, TPM, and Risk teams tomaintainintegratedtotal‑portfoliomanagement.
- Contribute to the development, documentation, and refinement of OverlayManagementinvestment frameworks and methodologies.
- Provide leadership, mentoring, andday‑to‑dayguidance to junior team members, supporting skill development in macro research, portfolio construction, and implementation, while contributing to succession planning and team resilience.
Required Skills and Experience:
- 10+ years in public markets investing, withdemonstratedPortfolioManagement‑levelresponsibility in equities, asset allocation, derivatives, or overlay strategies.
- Bachelor’s degreeinFinance, Economics, Mathematics, Engineering, or a related quantitative disciplinerequired; advanced degree (MBA, MSc, PhD) and/or CFAideal.
- Deep experience in global equity markets, asset allocation, and portfolio construction.
- Proven ability to link macroeconomic regimes to equity performance, correlations, and risk behavior.
- Strong understanding of derivatives and overlay implementation techniques.
- Experience in developingquantitative valuation signals for Equity markets.
- Strong risk management orientation with experience evaluating drawdowns, volatility, and tail risks at the portfolio level.
- Ability to assessex‑anteandex‑postrisk/return characteristics of equity strategies and tactical positions.
- Comfortoperatingwithin formal risk budgets and governance guardrails.
- Experience working in a collaborative,cross‑functionalinvestment environment.
- Ability to clearly articulate investment views to senior stakeholders andparticipateincommittee‑leveldiscussions.
- Willingness tooperatewithin a systematic,evidence‑baseddecision framework while applying judgment whenappropriate.
- Demonstrated experience leading, mentoring, and developing junior investmentprofessionalspromoting a culture of accountability, intellectual curiosity, and disciplined decision-making.
This posting is for an existing vacancy.
As one of Canada’s largest defined benefit pension plans, our people-first culture is at its best when our workforce reflects the communities where we live and work — and the members we proudly serve.
From hire to retire, we are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience. This sense of belonging and connection is cultivated up, down and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our Purpose@Work committee and employee recognition programs.
Artificial intelligence (AI) tools are used to support certain stages of the OMERS recruitment process. While AI assists us in our process, human judgment and decision-making remain central to our candidate experience.
