OMERS Careers: Principal Overlay Management Job in Toronto

OMERS is currently recruiting a Principal, Overlay Management in Toronto. The position is Full Time, requisition JR-8104, and the employer’s Workday listing currently displays Apply and identifies the posting as an existing vacancy.

This is a senior investment role within the Overlay Management group of Global Multi-Asset Strategies. The Principal develops public-equity investment views, turns macroeconomic and market insights into portfolio actions and helps manage tactical and passive exposures.

No verified salary range is published in the current source used for this vacancy, so compensation fields are left blank rather than copied from another OMERS investment role.

Opportunity Overview

Overlay Management supports OMERS’ total-portfolio approach by implementing cross-asset and equity positioning within defined risk and governance frameworks.

The Principal works closely with the Managing Director of Overlay Management, the EVP and Head of Global Multi-Asset Strategies, Total Portfolio Management, Risk and other Public Markets teams.

Available Position

• Position: Principal, Overlay Management
• Employer: OMERS
• Location: Toronto, Ontario
• Requisition: JR-8104
• Employment: Full Time
• Team: Global Multi-Asset Strategies / Overlay Management

Key Responsibilities

The Principal develops global public-equity investment views using macroeconomic analysis, valuation signals and market dynamics and leads tactical asset-allocation decisions within established risk limits.

The role implements portfolio adjustments intended to improve plan-level risk and return outcomes and coordinates equity positioning with currency and fixed-income decisions.

Research responsibilities include macro and market analysis, continued development of equity risk-premia signals and improvements to passive-equity benchmark delivery and rebalancing methods.

The Principal also implements overlay strategies using liquid instruments such as futures, swaps and options and is responsible for equity-related tail-risk hedging, scenario analysis and downside-protection design.

Experience and Education

OMERS asks for at least ten years of public-markets investing experience with portfolio-management-level responsibility in equities, asset allocation, derivatives or overlay strategies.

A bachelor’s degree in Finance, Economics, Mathematics, Engineering or a related quantitative discipline is required. An MBA, MSc, PhD and/or CFA is considered ideal.

Investment and Risk Skills

Candidates need deep knowledge of global equity markets, portfolio construction and asset allocation and should be able to link macroeconomic regimes with equity performance, correlations and risk behaviour.

Strong derivatives knowledge is important, along with experience evaluating drawdowns, volatility, tail risk and the ex-ante and ex-post characteristics of tactical positions.

The role operates within formal risk budgets and governance guardrails, so disciplined investment decision making is as important as generating market views.

Leadership

The Principal presents investment views and recommendations to senior investment leaders and governance forums and collaborates across Overlay Management, GMAS, TPM, Trading, Operations and Risk.

Mentoring junior investment professionals is also part of the position, including developing skills in macro research, portfolio construction and implementation.

Application Status

OMERS states that JR-8104 is an existing vacancy and the Workday page currently shows Apply. No fixed closing date is published.

How to Apply

Apply through OMERS’ official Workday page for JR-8104. The application should demonstrate senior public-markets portfolio responsibility, tactical asset allocation, derivatives implementation, macro research, tail-risk management and investment leadership.

Tips for Applicants

Show portfolio-level accountability

Describe the capital, exposures, risk budget or investment decisions you were directly responsible for.

Prepare a tactical-allocation case

Explain the macro view, valuation evidence, implementation instrument, risk controls and outcome of a real decision.

Demonstrate downside thinking

Use examples of stress testing, hedging or drawdown management rather than presenting a return-only investment story.

Final Notes

The Principal, Overlay Management is a current OMERS existing vacancy with an active employer Apply route. Salary is intentionally left blank because the verified employer source used here does not provide one.