Are you passionate about reaching new heights, teamwork and making a meaningful contribution? Do you picture yourself as a valued member of an industry-leading organization? If you answered yes to these questions, Air Canada is seeking enthusiastic individuals to join the diverse and vibrant team working together to lead the growth and expansion of Canada’s flag carrier.
Air Canada, voted Best Airline in North America at the Skytrax World Airline awards, is the sponsor of 8 defined benefit pension plans. The plans’ assets are managed by Air Canada Pension Investments, through a well-diversified portfolio comprised of traditional asset classes (bonds and equities), alternative investments (such as infrastructure, private equity and real estate) and portable alpha strategies (hedge funds and tactical asset allocation) of an aggregate value above $19B. Assets are invested in-house and through external managers. Air Canada Pension Investments’ office is located in downtown Montreal.
Reporting to the Assistant Manager – Financial Operations, the Analyst – Valuation and Market Parameters is responsible for operating the different procedures and controls supporting the valuation of positions. Furthermore, the analyst must ensure data quality and integrity in the different systems in order to provide accurate information to the Investment team, Middle Office and Performance. The main challenges related to the position are:
Master all financial products, listed and complex derivatives, traded by the investment team, their operational flows as well as the valuation process in the different systems;
Develop the ability to prioritize tasks with rigor and autonomy while also demonstrating a flawless work organization;
Master a significant number of applications, market data sources and tools to ensure the quality of valuation data and proactively detect and solve any related issues;
Favour continuous improvements in order to meet market best practices while governing the day to day activity.
The analyst is part of the Financial Operations team. It is a dynamic environment where efficiency and autonomy are of utmost importance. By working closely with the financial operations group, the analyst will have the opportunity to develop a deep understanding of the procedures and controls associated with the life cycle of a transaction, in addition to mastering the valuation process of a range of the most complex financial products. The analyst will benefit from being in close proximity to a skilled management team. The principal responsibilities are:
Perform daily the valuation of all financial instruments, with respect to the deadline;
Ensure that all transactions are properly reflected and priced in the systems, while working in close collaboration with its team members;
Analyze, document and correct pricing gaps between systems and ensure to implement permanent solution going forward;
Work closely with the Middle Office to analyze valuation issues and improve current methodologies;
Analyze and integrate new products according to best market practices in collaboration with the Middle Office and Service Providers;
Work as business analyst by providing the Information Technology group with technical specifications to improve internal tools and integrate new products;
Document new activities and procedures at implementation and maintain documentation already in place;
Be able to assess risks arising from the decision-making process as well as the potential impacts on the firm;
Understand valuation processes impacts on the other sectors’ activities and connect the dots;
Collaborate in various projects or working group.
- Undergraduate degree in finance (bachelor and/or master), administration or equivalent
- Two to four years of experience in investments administration and knowledge of financial instruments and their evaluation processes, essential
- Excellent knowledge of the Office suite and ability to use/edit Excel macros
- Knowledge of programming language such as VBA, SQL, Python, an asset
- Ability to work with a variety of in-house tools
- Bilingual (spoken/written) French and English, essential
- Knowledge of various systems: Eagle Star, Bloomberg AIM, an asset
- Well-organized, efficient, and ability to perform various tasks at once
- Rigor, meticulous, vigilance and accountability
- Pro-active and strong sense of initiative
- Ability to work under pressure
- Strong learning capabilities, versatility and adaptability
- Autonomy, analytical and critical thinking
- Ability to communicate and interact in a team
Bilingual (English and French)
At Air Canada, we want to fly higher when it comes to employment equity. We, therefore, encourage applications from Aboriginal peoples, women, members of a visible minority and persons with a disability.
Air Canada thanks all candidates for their interest; however only those selected to continue in the process will be contacted.