Associate, Investments - Trans-Canada Capital

Trans-Canada Capital (TCC) is an asset management firm specializing in innovative investment strategies for institutional investors. Since 2009, the team has successfully managed the pension assets of Air Canada, one of the largest corporate pension plans in the country. Over the years, we have earned an enviable reputation by generating superior returns through strategies focusing on alpha generation in a rigorous risk-controlled framework. With C$30 billion in assets under management (inclusive of leverage), more than 100 investment professionals based in Montreal and Toronto, and a complete range of alternative solutions, TCC is well positioned to meet the needs of institutional investors seeking steady returns.

Few roles at this level offer exposure across both public and private markets. This generalist position covers private market funds, hedge funds, public equities, and co-investments, providing the Associate with exposure to a wide range of investment strategies, manager types, and asset classes. TCC operates with a lean, entrepreneurial team structure, giving the Associate real ownership and work directly alongside senior investment professionals.

Reporting to the Senior Director, Equity and Alternative Investments, the Associate will contribute across TCC's externally managed portfolios, supporting the team on private market funds, hedge fund strategies, public equity strategies, and selective co-investments. The role is generalist, combining rigorous quantitative and qualitative analysis with active relationship management. The successful candidate will be expected to manage their workload with autonomy, exercise sound judgment, and bring the discipline and initiative to drive work forward.

Responsibilities

• Maintain and improve portfolio monitoring reports and tools across externally managed public and private market fund exposures, analyzing performance, attribution, and risk, and delivering clear, actionable insights to the investment team.
• Support the screening and prioritization of fund opportunities across private markets, hedge funds and public equity; run initial quantitative screens with senior guidance and maintain structured peer groups for comparative analysis.
• Support due diligence on external funds and co-investments, covering investment processes, risk frameworks and terms, including:
  • track record analysis (attribution, risk-adjusted metrics, factor and style exposure) and judgment of statistical reliability given sample length, return frequency, valuation lag and peer-universe construction;
  • private market cash flow modeling and quantitative peer mapping;
  • single-asset co-investment underwriting, including pressure-testing the sponsor's financial model.
• Conduct market research and monitor macroeconomic and sector developments, contributing thematic investment ideas across asset classes.
• Contribute to the preparation of investment memos, research notes, and presentation materials to support portfolio decisions and External Management Investment Committee (EMIC) discussions.
• Contribute to the preparation of investment memos, research notes and presentation materials, and participate in EMIC meetings covering market developments, idea generation, and the review of fund and co-investment opportunities.
• Engage with external managers, consultants, and institutional peers to support relationship management and market intelligence.
• Leverage AI-assisted tools to strengthen due diligence data analysis, streamline workflows, and improve the synthesis of investment insights.
• Support the integration of sustainable investing practices into manager due diligence and ongoing monitoring, contributing to TCC's responsible investment initiatives.

Qualifications

Education and Experience

• Undergraduate degree in finance, accounting, commerce, economics, mathematics, engineering, or a related field.
• 1 to 4 years of experience in the financial industry, preferably in asset management, investment banking, sell side research, pension fund management, or investment consulting.
• Progress toward a CFA or CAIA designation is expected; preference will be given to candidates who have completed at least one level.
• Exposure to public equity and alternative investments, ideally within an institutional environment, is considered a strong asset.

Knowledge and Skills

• Strong quantitative skills with the ability to work across large datasets to produce clear, insight-driven portfolio reports.
• Advanced proficiency in Microsoft Office (Excel, PowerPoint, Word, Power BI or equivalent visualization tools).
• Familiarity with Bloomberg terminal is an asset.
• Demonstrated experience applying generative AI tools (such as large language model assistants, AI-powered research platforms, or automated workflows) to enhance analytical productivity, synthesize complex information, and accelerate investment research and reporting.
• Strong organizational skills and the ability to manage competing priorities under pressure.

Competencies

• Rigorous, disciplined, and highly organized, with strong attention to detail.
• Sharp analytical thinker who can distill complex information into clear conclusions.
• Proactive and intellectually curious; stays attuned to markets and brings ideas to the team.
• Demonstrated professional integrity and accountability, follows through on commitments, applies intellectual honesty in analysis, and resolves issues proactively without prompting.
• Collaborative team player.
• Pro-active with strong sense of initiative and autonomy.
• Communicates with clarity and confidence, including under pressure.

Compensation and Work Environment

TCC offers a competitive compensation package, including base salary and performance-based bonus, commensurate with experience and qualifications. The team is lean and entrepreneurial by design, with a collaborative structure that gives Associates meaningful exposure to the full breadth of the investment platform from early in their tenure. The culture is simultaneously high performance and collaborative, intellectually rigorous and collegial, with close mentorship from senior professionals, active support for CFA and CAIA designation achievement, and a shared commitment to thoughtful, considered decision-making.

The position is based in downtown Montreal, with an in-office presence of at least 4 days per week.

Conditions of Employment:

Candidates must be eligible to work in the country of interest at the time any offer of employment is made and are responsible for obtaining any required work permits, visas, or other authorizations necessary for employment. Prior to their start date, candidates will also need to provide proof of their eligibility to work in the country of interest.

Linguistic Requirements

Bilingual (English and French)

Diversity and Inclusion

Trans-Canada Capital Inc. is strongly committed to Diversity and Inclusion and aims to create a healthy, accessible and rewarding work environment which highlights employees’ unique contributions to our company’s success.

As an equal opportunity employer, we welcome applications from all to help us build a diverse workforce which reflects the diversity of our customers, and communities, in which we live and serve.

Trans-Canada Capital Inc. thanks all candidates for their interest; however only those selected to continue in the process will be contacted.