Sr Mgr, Investment Opr & Compliance

Status : Regular Full-time

Working Conditions : On-site

Education Level : Bachelor's Degree in Finance, Accounting, Business Administration or a related field. Chartered Public Accountant (CPA), Chartered Financial Analyst (CFA), or MBA considered an asset.

Location : Toronto, ON

Number of Position(s) : 1

Shifts(s) : Days

Travel : 10%

Deadline to Apply : July 4, 2024

Electrify your career and help build a brighter tomorrow.

Every generation has a challenge that defines them. At OPG, we are calling on all innovators, disruptors, thought leaders and change-makers.

Join us to electrify life in one generation and build a sustainable future powered by our electricity, our ideas, and our people.

Join OPG and make history.

Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on and off the job.

Now we’ve set our sights on being a net-zero carbon company by 2040 and a catalyst to help the economies where we operate achieve net-zero by 2050.

OPG operates a diverse portfolio of generation assets including nuclear, hydroelectric, biomass and solar. We are also a cleantech leader and innovator, offering challenging and unique work opportunities.

Help us use our power to change the world

ACCOMMODATIONS

OPG is committed to fostering an inclusive, equitable, and accessible environment where all employees feel valued, respected, and supported.

If you require accommodation during the application or interview process, please advise us as soon as possible so appropriate arrangements can be made.

If you require information in a format that is accessible to you, please contact

JOB OVERVIEW

Ontario Power Generation (OPG) is looking for a dynamic, strategic and results-driven professional to join our team in the role of Senior Manager, Investment Operations and Compliance.

Reporting to the Managing Director, Portfolio Strategy and Investment Risk, this position is responsible for leading the operations function in supporting OPG’s Fund Management Group which oversees a portfolio of over $46 billion across the OPG pension fund and nuclear segregated funds (together, the Funds ), comprising the 10th largest portfolio of assets in Canada.

This is an exciting opportunity to work in an environment where you will contribute to OPG’s continued growth and success in generating safe, clean, reliable low-cost power in a sustainable manner.

KEY ACCOUNTABILITIES

• In addition to the above, the Senior Manager may from time to time be required to replace or represent the Managing Director, Portfolio Strategy and Investment Risk.
• The Senior Manager is responsible for managing Fund Management’s Operations group including the development of Fund Management staff, promoting an environment of engagement, continuous learning and growth for the group.
• The Senior Manager will work closely with Fund Management’s Managing Directors and OPG’s Chief Investment Officer in developing and implementing the operational due diligence program relevant for each aspect of the Funds’ investment program.

The Senior Manager will manage internal relationships with various business unit leaders (Legal, Tax, Human Resources, Business Planning and Management Reporting, Corporate Accounting, Corporate Secretariat and Enterprise Risk), and, in respect of the Nuclear Funds with Ontario Financing Authority representatives, to supply and receive information and data related to the operations, compliance, and financial accounting with respect to the Funds.

The Senior Manager will work closely with key investment managers and service providers in carrying out his / her operational, compliance, and operational due diligence activities for the Funds.

Primary external contacts include the Funds’ custodian, the Fund’s service providers, and investment managers (as may be applicable).

• Ensure all activities engaged by the Funds are properly recorded and reported by the custodian.
• Develop and maintain Fund Management's document retention framework and processes.
• Lead and oversee all aspects of annual audits carried out in connection with the Funds' financial or operational activities (annual financial audit, ICOFR audit, or operational / internal audit).
• Maintain the Fund's policies and procedures.
• Monitor and report on the Fund's compliance with all applicable legislation, and Fund level policies.
• Establish internal reporting deadlines for all Committee and Board reporting; obtaining submissions from external and internal subject matter experts, and coordinate distribution with Fund Management's administrative staff.
• Prepare Fund level operational, financial, or compliance information necessary for all regular Committee and Board reporting.
• Manage relationship and continually assess performance of custodial and performance analytics services provided by the Fund's custodian and performance provider.
• Assist Corporate Accounting / External Reporting with the preparation and review of the Funds' financial statements and related material disclosed or otherwise included in OPG's financial statements.
• Lead and coordinate all necessary internal certification over financial records on behalf of Fund Management.
• Act as the primary liaison between Fund Management and internal service providers such as Corporate Accounting, Human Resources, Legal, Nuclear Waste Management Division, Risk Services and Taxation on Fund level operational, financial, and compliance functions.
• Manage the cash flow and liquidity needs of the Funds' financial activities.
• Oversee the payables / receivables functions in connection with the Funds' financial activities.
• Ensure suitable internal controls are established, maintained and improved in order to ensure integrity of the Funds' financial systems and safeguard the Funds' financial assets.
• Develop and maintain Fund Management's disaster recovery and business continuity procedures.
• Develop, implement and maintain an operational due diligence program relevant for the Funds' investment activities based on a risk based framework and consistent with best practices amongst the Funds' peers.
• Review investment mandate contractual terms and reporting prior to execution for consistency with other investments and asset classes, overall expense analysis, financial statement review, sufficiency of financial and tax reporting, investment transparency, governance, and liquidation provisions.
• Manage Fund Management's core IT systems and related service providers.
• Develop annual budget and maintain budget process for Fund Management, and for the Funds.
• Develop and maintain desktop procedures specifying the procedures carried out by the Fund Management operations group.
• Continuously seek out and implement methods to develop operational and compliance synergies between the Funds.
• Keep abreast of changes and developments in the industry as it relates to operations, compliance, financial accounting, and investments.
• Support the Managing Director, Portfolio Strategy and Investment Risk in the achievement of his / her objectives.
• Manage, train, and oversee operations staff.
• Other Duties as Required

EDUCATION

Bachelor’s Degree in Finance, Accounting, Business Administration or a related field. Chartered Public Accountant (CPA), Chartered Financial Analyst (CFA), or MBA considered an asset.

QUALIFICATIONS

• Minimum of 8 years of experience in fund management operations, financial services, or related industry.
• Experience in managing operational due diligence, financial audits, and compliance programs.
• Strong leadership and managerial skills with experience in managing and developing teams.
• Excellent understanding of financial operations, compliance, and risk management principles.
• Proven ability to establish and maintain effective relationships with internal and external stakeholders.
• Exceptional analytical and problem-solving abilities, with a keen attention to detail.
• Advanced proficiency in financial analysis and reporting.
• Proficiency in using financial systems and IT platforms relevant to fund management operations.
• Excellent written and verbal communication skills, including the ability to present complex information clearly and concisely.
• Strategic thinking and ability to contribute to the development and implementation of operational strategies.
• Strong project management skills, with the ability to prioritize and manage multiple tasks and deadlines effectively.
• Commitment to continuous improvement and ability to drive operational efficiencies.
• Sound judgment and decision-making skills, particularly in high-pressure situations.
• Ability to adapt to changing regulatory environments and industry best practices.
• Demonstrated integrity and professionalism in handling sensitive and confidential information.
• Strong interpersonal skills with a collaborative and inclusive approach to leadership.
• Resilience and adaptability to navigate through challenges and complexities.
• Proactive and self-motivated, with a strong sense of ownership and accountability.
• Commitment to fostering a culture of engagement, growth, and continuous learning within the team.

The successful candidate will exhibit uncompromising integrity and commitment to upholding corporate values, and the OPG Code of Business Conduct.

What Makes a Career at OPG Different?

As Ontario’s largest clean energy generator, we’re building, expanding, and innovating the equipment and technology that keeps Ontario powered with clean, reliable energy.

At OPG, our values are our strengths. They are fundamental truths about our organization that don’t change :

Safety it’s our business

Integrity always lead with integrity

Excellence never satisfied with good enough

Inclusion working together for powerful outcomes

Innovation - creativity accelerates possibility

Here's why OPG might just be the ideal workplace for you :

• Exceptional range of opportunities province-wide
• Long-term career growth and development opportunities
• Electricity is vital to the province and OPG’s clean electricity is helping decarbonize other sectors.

Our promise to you :

• We care about the safety and the well-being of our employees. It is our utmost priority.
• A supportive work environment where you can be your best every day.
• Opportunities to stretch and develop.
• Offer different ways for you to give back to communities where we operate.
• Partner with Indigenous communities and support local businesses.
• We support employment equity, diversity and inclusion.

Are you ready to start a career that has the power to electrify life on and off the job? Apply now.

APPLICATION PROCESS

OPG is committed to employment equity. As such, we encourage applicants from equity-seeking communities (Indigenous Peoples, racialized persons, persons with disabilities, and women).

We strongly believe that alleviating the under-representation of equity-seeking individuals will create a stronger OPG team and allow us to better serve the needs of our diverse communities.

In order to fulfill the above-mentioned purpose, priority in hiring may be given to qualified persons who self-identify as a member of equity-seeking groups as identified in the application process.

This initiative constitutes a special program under the Human Rights Code / Canadian Human Rights Act.

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