The Opportunity
Exciting Director level opportunity at OTPP - we are looking for a seasoned and experienced PM to join our growing Structured Credit Team!
The OTPP Credit team is a group of ~45 investment professionals investing across the full spectrum of credit products and strategies, and employing a wide variety of investment styles and skill sets, including deep-dive fundamental analysis (public and private), enhanced indexing, quantitative strategies, external funds, as well as structured credit investing.
As one of the strategic growth areas within Credit, the Structured Credit team has a flexible and value-focused mandate to invest across the capital structure of portfolios of various credit assets. The team utilizes specialized product knowledge to perform fundamental, quantitative and structural underwriting with the objective of delivering scalable, innovative and superior risk-adjusted returns for the Fund. The Structured Credit team carries out 4 main businesses including:
Collateralized Loans Obligation (CLO), Significant Risk Transfer (SRT), Asset Backed Financing (ABF) and Opportunistic Absolute Return Strategies (ARS). Reporting to the head of Structured Credit, the primary mandate of this role is to expand and enhance OTPP’s capability and capacity in the ABF business. The successful candidate will also provide support and cross coverage to other Structured Credit business lines (such as CLO and SRT) as required.
What you'll do
Asset Backed Financing (ABF) Related:
Work collectively and collaboratively with the other PM and staff in the ABF team to drive further growth and deliver impactful performance in our ABF strategies.
Significantly expand the team’s investment capacity by proactively sourcing/engaging opportunities and owning transactions end-to-end—from origination and underwriting to execution and closing
Enhance the team’s underwriting capability by adding specific subject matter expertise in key ABF sub-asset classes (e.g. mortgages and consumer credit) and by further strengthening the sophistication of our analytical framework and processes
Originate differentiated investment ideas, cultivate strategic relationships with external partners (including originators, co-investors, and financing providers), and apply sound judgment and market acumen in deal selection and prioritization.
Enhance OTPP’s visibility and reputation as a partner of choice in the structured credit market
Be a true team player while scaling the ABF business: support your colleagues and serve as a reliable sounding board to the other PM and staff, focus and celebrate team successes and take collective responsibility for challenges
As one of the lead PMs in the ABF team, consistently demonstrate your ability to advance and scale this relatively nascent business with enthusiasm, vision, independence and entrepreneurial spirit.
Other:
Provide support and cross coverage to other structured credit businesses (such as SRTs & CLOs) as required
Support the head of Structure Credit on special situation projects or transactions that are multidisciplinary in nature
Contribute to a high-performing, collaborative and psychologically safe workplace that values openness, vulnerability, and empathy
Be a good coach and mentor to junior staff in Structured Credit and lead by example
Perpetuate Teachers’ Forward enterprise strategy and our shared values:
Inclusive, Performance-driven, Curious, Agile and Courageous.
What you'll need
Seeking an experienced professional (10+ years of relevant experience) with substantive direct investing and risk-taking expertise in Asset Backed Financing. Specialization in one or more ABF sub-asset classes, including but not limited to non-agency residential mortgages (e.g., non-QM, RTL, RPL, 2nd Lien, HELOC), consumer credit (e.g., credit cards, auto, student, home improvement loans, BNPL) is highly valued. Buy-side principal risk-taking background is a plus.
Must demonstrate strong analytical skills and a data-driven mindset. The ideal candidate will be comfortable performing hands-on, in-depth quantitative modeling and underwriting
Demonstrate the drive and passion requisite to grow an impactful…
To Search, View & Apply for jobs on this site that accept applications from your location or country, tap here to make a Search: