Air Canada | Associate, Investments - Trans-Canada Capital

Responsibilities

• Since 2009, the team has successfully managed the pension assets of Air Canada, one of the largest corporate pension plans in the country.
• 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.
• 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.
• Proactive and intellectually curious; stays attuned to markets and brings ideas to the team.
• 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.
• 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.
• Monitor macroeconomic and sector developments and contribute thematic investment ideas across asset classes.
• Engage with external managers, consultants, and institutional peers to support relationship management and market intelligence.
• 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.
• 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.
• Help prepare investment memos, research notes, and presentations, and participate in External Management Investment Committee (EMIC) meetings reviewing fund and co-investment opportunities.
• 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.
• Communicates with clarity and confidence, including under pressure.

Experience and education

• Track record analysis (attribution, risk-adjusted metrics, factor and style exposure) and judgment of statistical reliability given sample length, return.
• 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.
• 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.
• 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.
• Bilingual (French/English), with strong written and verbal communication skills in both languages.
• Strong organizational skills and the ability to manage competing priorities under pressure.
• 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.
• 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.
• 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.

Air Canada

Air Canada is an employer hiring in Canada. In its own words: "Book Air Canada flights online for a seamless travel experience."

Its finance, accounts, audit and tax openings in Canada are mostly in Montreal, Dorval and Winnipeg.