Work Location:Toronto, Ontario, Canada
Hours:37.5
Line of Business:TD General
Pay Details:$115,600 - $163,200 CAD
Job Description:Role OverviewThe Senior Manager, Pension Investments is responsible for selecting, underwriting, implementing, and monitoring external investment managers for TD's pension portfolios. The role combines investment expertise, total portfolio thinking, governance discipline, and stakeholder management to support strong long-term outcomes while balancing risk, liquidity, cost, and operational considerations.
Key responsibilities include manager research and due diligence, mandate monitoring, portfolio analysis, and providing investment recommendations to senior management and governance committees. The role works closely with Treasury, Finance, Risk, Legal, consultants, actuaries, advisors, and external investment managers.
Key AccountabilitiesInvestment Manager Research, Selection & Monitoring- Lead due diligence on external managers across public and private markets, assessing investment process, team, portfolio construction, risk management, operational capabilities, fees, and organizational stability.
- Evaluate manager fit within total portfolio objectives, including expected return, risk, liquidity, diversification, governance, and implementation considerations.
- Lead manager searches, RFI/RFP processes, interviews, reference checks, and implementation planning.
- Monitor existing mandates, including performance, risk exposures, organizational developments, compliance, staffing changes, and mandate adherence.
- Identify issues and recommend appropriate actions, including enhanced monitoring, mandate modifications, fee reviews, rebalancing, or manager replacement.
- Maintain due diligence records, monitoring documentation, and governance materials consistent with policy and control requirements.
Portfolio Construction & Investment Analysis- Assess how managers, strategies, and asset classes contribute to total portfolio outcomes, including return, risk, liquidity, diversification, cost, and resilience.
- Evaluate implementation trade-offs across active/passive, public/private, internal/external, and single/multi-manager structures.
- Research new investment strategies, asset classes, and portfolio structures.
- Develop clear, evidence-based recommendations that highlight benefits, risks, implementation considerations, and key decision points.
Governance, Stakeholder Management & Leadership- Prepare concise investment recommendations, monitoring reports, and committee materials for senior management and governance forums.
- Build trusted relationships with internal stakeholders, consultants, advisors, and investment managers.
- Influence decisions through sound investment judgment and balanced consideration of risk, governance, operational, and cost factors.
- Mentor junior team members and contribute to a culture of accountability, continuous improvement, and investment excellence.
Asset Class ExpertiseDemonstrated expertise in one or more of the following areas:
- Public equities
- Fixed income and credit
- Private credit and structured credit
- Real estate and infrastructure
- Private equity
- Hedge funds and liquid alternatives
Strong understanding of how individual asset classes contribute to overall pension portfolio objectives is required.
Qualifications & ExperienceEducation & Credentials- Graduate degree in Finance, Economics, Business, Engineering, Mathematics, or related field, or equivalent experience.
- CFA, CAIA, FSA, or similar professional designation preferred.
Experience- 10+ years of institutional investment experience in pension investing, manager research, consulting, portfolio management, asset allocation, risk management, or related fields.
- Demonstrated experience evaluating investment managers and strategies across public and/or private markets.
- Strong understanding of defined benefit pension plans, including governance, funding, liquidity, risk, and stakeholder considerations.
- Experience preparing investment recommendations, monitoring reports, and committee-ready materials for senior audiences.
Core Competencies- Strong investment judgment and ability to assess manager skill, risk, and implementation quality.
- Ability to connect asset-class decisions to total portfolio outcomes.
- Excellent analytical, problem-solving, and project management skills.
- Strong due diligence mindset, intellectual curiosity, and ability to challenge assumptions.
- Clear and concise communication skills, with the ability to translate complex investment topics into actionable recommendations.
- Proven ability to lead and influence across multiple stakeholders.
- Strong ownership mindset and ability to drive work from analysis to recommendation.
Our Total Rewards PackageOur Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more
Additional Information:We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
Colleague Development If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.
If you're passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
Training & OnboardingWe will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.
Interview Process We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!
Language Requirement (Quebec only):Sans Objet
