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.

Reporting to the Senior Director, Equity & Alternative Investments, the Associate will contribute across TCC's externally managed portfolios, supporting the external management team on private market funds, hedge fund strategies, public equity strategies, and selective private market 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.

Why Join TCC

Breadth of role: 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 private market co-investments, providing the Associate with exposure to a wide range of investment strategies, manager types, and asset classes.

Accelerated development: Work alongside specialists who generously share their expertise in an environment where your work allows you to grow and push beyond your limits, with active support for pursuing the CFA and CAIA designations.

Collaborative environment: Join a lean, entrepreneurial team built on open exchange and shared learning, where you take real ownership and have direct access to senior investment professionals.

Responsibilities:

• Maintain and improve monitoring reports and tools for externally managed public and private market funds, analyzing performance, attribution, and risk to deliver actionable insights to the investment team.
• Help screen and prioritize fund opportunities across private markets, hedge funds, and public equity; run initial quantitative screens with senior guidance and maintain peer groups for comparative analysis.
• Support due diligence on external funds and co-investments, covering process, risk, 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.
• Monitor macroeconomic and sector developments and contribute thematic investment ideas across asset classes.
• Help prepare investment memos, research notes, and presentations, and participate in External Management Investment Committee (EMIC) meetings reviewing fund and co-investment opportunities.
• Engage with external managers, consultants, and institutional peers to support relationship management and market intelligence.
• Use AI tools to strengthen due diligence analysis, streamline workflows, and synthesize investment insights.
• Help integrate sustainable investing practices into manager due diligence and ongoing monitoring.

Qualifications

Experience and Education

• 1 to 4 years of full-time experience evaluating, monitoring, and selecting external managers in an institutional context (e.g., asset management, sell-side research, investment consulting, or actuarial or valuation advisory firms).
• Undergraduate or graduate degree in finance, accounting, commerce, economics, mathematics, engineering, or a related field.
• Progress toward a CFA and/or CAIA designation is expected; preference will be given to candidates who have completed at least one level.
• Exposure to public equity, hedge funds, and private market funds in an institutional environment is considered 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 across large datasets to produce clear, insight-driven portfolio reports.
• Advanced proficiency in Microsoft Office (Excel, PowerPoint, Word) is required.
• Experience with eVestment, MSCI Private Capital Solutions, or the 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.
• Bilingual (French/English), with strong written and verbal communication skills in both languages; English proficiency 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 competing priorities under pressure.

Expected 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 with strong interpersonal skills.
• Autonomous and resourceful, with a strong sense of initiative.
• Communicates with clarity and confidence, including under pressure.

What We Offer

TCC offers a competitive compensation package commensurate with experience and qualifications, including a base salary and performance-based bonus, a defined contribution pension plan with employer matching, and generous health benefits. Employees may also invest in select TCC-managed strategies at reduced fees.

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

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.