Trans-Canada Capital (TCC) is a portfolio management firm specializing in innovative investment strategies for institutional investors. Since 2009, our team has successfully managed the assets of Air Canada's pension funds, one of the largest corporate pension plans in the country. Over the years, we have built an enviable reputation for generating superior returns through alpha-generating strategies within a rigorous risk management framework.

With $30 billion CA in assets under management (including leverage), over 100 investment professionals based in Montreal and Toronto, and a comprehensive range of alternative solutions, TCC is well-positioned to meet the needs of institutional investors seeking stable returns.

Few positions at this level offer exposure to both public and private markets. This generalist role covers private market funds, hedge funds, public equities, and co-investments, providing the Associate with exposure to a wide range of investment strategies, manager types, and asset classes. TCC operates with an agile and entrepreneurial team structure, allowing the Associate to assume real responsibilities and work directly alongside senior professionals in a collaborative environment.

Reporting to the Senior Director, Equities and Alternative Investments, the Associate will contribute to TCC's externally managed portfolios, supporting the team on private market funds, hedge fund strategies, public equity strategies, and certain co-investments. The role is generalist in nature, combining rigorous quantitative and qualitative analysis with active relationship management. The successful candidate will manage their workload autonomously, exercise sound judgment, and demonstrate the discipline and initiative required to advance mandates.

Responsibilities

- Maintain and improve portfolio monitoring reports and tools covering exposures to externally managed funds in both public and private markets, analyzing performance, attribution, and risk, and delivering clear, actionable findings to the investment team.
- Contribute to the preliminary screening and prioritization of fund opportunities in private markets, hedge funds, and public equities; perform initial quantitative filters with guidance from a senior team member and maintain structured peer groups for comparative analysis.
- Contribute to the due diligence of external funds and co-investments, focusing on investment processes, risk management frameworks, and terms, including:
- analysis of return histories (attribution, risk-adjusted measures, factor and style exposures) and judgment regarding their statistical reliability given history length, return frequency,



valuation lag, and peer universe construction;
- private market cash flow modeling and quantitative peer mapping;
- single-asset co-investment analysis, including stress-testing the sponsor's financial model.

- Conduct market research and monitor macroeconomic and sectoral developments, contributing to thematic idea generation across asset classes.
- Contribute to the preparation of investment memos, research notes, and presentation materials to support portfolio decisions and External Management Investment Committee (EMIC) discussions.
- Contribute to the preparation of investment memos, research notes, and presentation materials, and participate in EMIC meetings focusing on market developments, idea generation, and the review of fund and co-investment opportunities.
- Interact with external managers, consultants, and institutional peers to support relationship management and market intelligence.
- Leverage AI-assisted tools to enhance due diligence data analysis, streamline processes, and improve the synthesis of investment findings.
- Support the integration of sustainable investment practices into manager due diligence and ongoing monitoring, contributing to TCC's responsible investment initiatives.

Qualifications

Education and Experience

- Undergraduate university degree in finance, accounting, commerce, economics, mathematics, engineering, or a related field.
- 1 to 4 years of experience in the financial industry, ideally in asset management, investment banking, sell-side research, pension fund management, or investment consulting.
- Progression toward the CFA or CAIA designations is expected; preference will be given to candidates who have completed at least one level.
- Exposure to public equities and alternative investments, ideally in an institutional environment, is a significant asset.

Knowledge and Skills

- Robust quantitative skills with the ability to work with large datasets to produce clear, conclusion-driven portfolio reports.
- Advanced proficiency in the Microsoft Office suite (Excel, PowerPoint, Word, Power BI, or equivalent visualization tools).
- Familiarity with the Bloomberg terminal is an asset.
- Demonstrated experience using generative AI tools (such as large language model-based assistants,



AI-assisted research platforms, or automated workflows) to enhance analytical productivity, synthesize complex information, and accelerate research and investment reporting.
- Strong organizational skills and ability to manage competing priorities under pressure.

Competencies

- Rigorous, disciplined, and highly organized with a robust attention to detail.
- Acute analytical mindset, capable of distilling complex information into clear conclusions.
- Proactive and intellectually curious; stays attuned to the markets and brings ideas to the team.
- Demonstrated professional integrity and accountability: keeps commitments, exercises intellectual honesty in analysis, and proactively solves problems without being prompted.
- Excellent team player and strong interpersonal skills.
- Autonomous, resourceful, and endowed with a strong sense of initiative.
- Communicates with clarity and confidence, including under pressure.

Compensation and Work Environment

TCC offers a competitive compensation program, including a base salary and performance bonus, commensurate with experience and qualifications. The team is lean and entrepreneurial by choice, with a collaborative structure that offers Associates significant exposure to the entire investment platform early in their tenure. The culture is performance-driven and collaborative, intellectually rigorous and collegial, with close mentorship from senior professionals, active support for obtaining CFA and CAIA designations, and a shared commitment to thoughtful decision-making.

The position is based in downtown Montreal, with an in-office presence of at least 4 days per week.

Employment Conditions:

Candidates must be eligible to work in the country concerned at the time a job offer is made and are responsible for obtaining necessary work permits, visas, or other authorizations. Proof of eligibility must be provided prior to the start date.

Language Requirements

Bilingualism (English and French).

Diversity and Inclusion

Trans-Canada Capital Inc. is firmly committed to diversity and inclusion and aims to create a healthy, accessible, and rewarding work environment that highlights the unique contribution of our employees to our Company's success.

As an equal opportunity employer, we welcome applications from all individuals to build a diverse workforce representative of the diversity of our clients and the communities where we live and offer our services.

Trans-Canada Capital Inc. thanks all applicants for their interest. However, only candidates selected for the next steps will be contacted.

📌 Associate, Investments - Trans-Canada Capital (Montreal)
🏢 Air Canada
📍 Montreal