Associate, Investments - Trans-Canada Capital

Trans-Canada Capital (TCC) is a portfolio management firm specializing in innovative investment strategies for institutional investors. Since 2009, our team has successfully managed the pension fund assets of Air Canada, one of the country's largest corporate pension plans. Over the years, we have built an enviable reputation by generating superior returns through alpha-generating strategies within a rigorous risk management framework. With $30 billion CAD in assets under management (including leverage), more than 100 investment professionals based in Montreal and Toronto, and a comprehensive suite of alternative solutions, TCC is well-positioned to meet the needs of institutional investors seeking stable returns.

Reporting to the Senior Director, Equities and Alternative Investments, the Associate will contribute to TCC's externally managed portfolios, supporting the external management team across private markets funds, hedge fund and public equity strategies, as well as certain private co-investments. Operating as a generalist, the role combines rigorous quantitative and qualitative analysis with active relationship management. The successful candidate will be expected to manage their workload autonomously, exercise sound judgment, and drive their files with discipline and initiative.

Why join TCC

• Breadth of the role: Few roles at this level touch both public and private markets. This generalist position covers private market funds, hedge funds, public equities, and private co-investments, offering exposure to a wide array of strategies, manager types, and asset classes.
• Accelerated development: Work alongside specialists who are generous with their knowledge, in an environment that allows you to thrive and push your limits, with active support for obtaining the CFA and CAIA designations.
• Collaborative environment: Join an agile, entrepreneurial team focused on exchange and shared learning, where you assume real responsibilities with direct access to seasoned professionals.

Responsibilities:

• Maintain and improve external fund reporting and tracking tools in public and private markets, analyzing performance, attribution, and risk to deliver actionable insights to the investment team.
• Contribute to the screening and prioritization of investment opportunities in private market funds, hedge funds, and public equities; perform initial quantitative filters under the guidance of senior team members and maintain peer groups for benchmarking purposes.
• Contribute to the due diligence of external funds and co-investments, focusing on investment processes, risks, and terms, including:
  • analysis of historical returns (attribution, risk-adjusted measures, factor and style exposures) and assessment of their statistical reliability given history length, return frequency, valuation lag, and peer universe construction.
  • modeling of private market cash flows and quantitative peer mapping.
  • analysis of single-asset co-investments, including stress-testing the general partner's financial model.
• Monitor macroeconomic and sectoral developments and propose multi-asset thematic investment ideas.
• Contribute to the preparation of investment memos, research notes, and presentations, and participate in External Management Investment Committee (EMIC) meetings on fund and co-investment opportunities.
• Interact with external managers, consultants, and institutional peers to support relationship management and market intelligence.
• Utilize AI tools to enhance due diligence analysis, streamline processes, and synthesize investment findings.
• Contribute to integrating sustainable investing into manager due diligence and ongoing monitoring.

Qualifications

Experience and Education

• 1 to 4 years of full-time experience in evaluation, monitoring, and selection of external managers in an institutional context (e.g., asset management, sell-side research, investment consulting, or actuarial/valuation consulting firms).
• Undergraduate or graduate degree in finance, accounting, commerce, economics, mathematics, engineering, or a related field.
• Progress toward the CFA or CAIA designations is expected; preference will be given to candidates who have passed at least one level.
• Exposure to public equities, hedge funds, and private market funds in an institutional environment is a strong asset.
• Working knowledge of financial instruments (e.g., equities, derivatives) and risk factor models is expected.

Knowledge and Skills

• Strong quantitative skills with the ability to work with large datasets to produce clear, conclusion-driven portfolio reports.
• Advanced proficiency in the Microsoft Office suite (Excel, PowerPoint, Word) required.
• Knowledge of eVestment, MSCI Private Capital Solutions, or the Bloomberg terminal is an asset.
• Demonstrated experience using generative AI tools (such as large language model-based assistants, AI-assisted research platforms, or automated workflows) to enhance analytical productivity, synthesize complex information, and accelerate investment research and reporting.
• Bilingualism (French/English), with strong written and verbal communication skills in both languages; proficiency in English is required as the role involves regular interaction with external managers, consultants, and institutional peers outside Quebec.
• Strong organizational skills and the ability to manage multiple priorities under pressure.

Desired Qualities

• Rigour, discipline, and a strong sense of organization with a keen attention to detail.
• Sharp analytical mind and the ability to synthesize complex information into clear conclusions.
• Proactivity and intellectual curiosity; attuned to the markets and a source of ideas for the team.
• Demonstrated professional integrity and accountability: adherence to commitments, intellectual honesty in analysis, and proactive problem-solving.
• Excellent teamwork and strong interpersonal skills.
• Autonomy, resourcefulness, and a strong sense of initiative.
• Clear and confident communication, including under pressure.

What we offer

TCC offers a competitive compensation program commensurate with experience and qualifications, including a base salary and performance bonus, a defined contribution pension plan with equivalent employer matching, as well as generous group insurance. Staff may also invest in certain TCC-managed strategies at reduced fees.

Note: The position is located in downtown Montreal and requires an in-office presence of at least four days per week, as well as occasional international travel.

Employment Conditions:

Candidates must be eligible to work in the relevant country at the time an offer of employment is extended and are responsible for obtaining work permits, visas, or other necessary authorizations. Proof of eligibility must be provided prior to the start date.

Language Requirements

Bilingualism (English and French).

Diversity and Inclusion

Trans-Canada Capital Inc. is firmly committed to diversity and inclusion and aims to create a healthy, accessible, and rewarding workplace that highlights the unique contribution of our employees to the success of our Company.

As an equal opportunity employer, we welcome applications from all individuals to build a diverse workforce representative of the diversity of our clients and the communities where we live and offer our services.

Trans-Canada Capital Inc. thanks all applicants for their interest. However, we will only contact candidates selected for the next steps of the process.