Canada Job Openings
Canada Infrastructure Bank
Head, Asset Management
Toronto
FULL TIME
December 2, 2024
Careers
Headquartered in Toronto, the Canada Infrastructure Bank (CIB) is responsible for investing in new infrastructure projects. The CIB’s mission is to work with provincial, territorial, municipal, federal, Indigenous and private sector investor partners to transform the way infrastructure is planned, financed and delivered in Canada.
Reporting directly to the Chief Financial Officer, with a strong background in infrastructure, the Head, Asset Management, will be based at our head office in Toronto, The Head, Asset Management, will oversee the onboarding and monitoring of all investments including loans, bonds and equity participations and will be responsible for executing asset management strategies and plans, develop models and tools, and create financially sustainable programs, standards, and guidelines based on asset management best market practices.
The successful candidate will be exposed to all of the asset management functions that comprise the CIB’s fiduciary mandate including the principles of good governance and transparency. This role will provide strategic direction, leadership, and oversight of asset management, while supporting the organization’s overall business plan. This role requires someone who is hands on and is comfortable growing an Asset Management team and managing a growing portfolio.
The successful candidate will be exposed to all of the asset management functions that comprise the CIB’s fiduciary mandate including the principles of good governance and transparency. This role will provide strategic direction, leadership, and oversight of asset management, while supporting the organization’s overall business plan. This role requires someone who is hands on and is comfortable growing an Asset Management team and managing a growing portfolio.
Your responsibilities include
- Lead and inspire a growing team responsible for executing asset management strategies, including designing and implementing an optimized team structure
- Drive the evaluation of investment performance, monitoring and reporting on the CIB’s assets and ensuring cross functional collaboration with Investments, Credit Risk and Legal
- Champion the onboarding of new borrowers to ensure compliance with investment agreements, tailoring engagement based on borrower sophistication (from most sophisticated to first-time project finance, and deal structures of project finance, corporate loans, etc.)
- Oversee the completion of quarterly and annual reporting on the CIB’s investment portfolio including presenting updates to the CIB Asset Management Committee
- Receive and assess owners’ reports for a variety of investments across several asset classes throughout Canada
- Strategically manage construction draws (monthly or quarterly), loan repayment/investment returns, interest payments and liquidity forecasts with the CIB Finance Department
- Facilitate collaboration with other functional groups (e.g., Investments team, Legal and Credit Risk) for non-routine activities including consents, waivers, amendments and remediation plans
- Lead the enhancement of the Asset Management system to help track and maintain KPIs including construction and operational updates for each investment
- Oversee the financed emissions calculations for the CIB’s portfolio
- Proactively identify and implement strategic team initiatives in a timely and efficient manner (e.g., working group with Investments for transitioning of investments, build-out of an Asset Management Operations Team)
- Play a contributing role to certain aspects of the planning and completion of due diligence, including review of reporting requirements for all investments
- Collaborate with the Investments team to understand transaction structures and implications for financial reporting and operations, while proactively finding practical and efficient solutions
- Partner with the Investments team to identify value creation opportunities (such as loan syndications) and exit strategies
- Stay ahead of emerging market and industry trends to enable active participation in the asset management marketplace
- Advocate for and embed the firm’s diversity and inclusion philosophy and practice through the management, mentorship and recruitment
The ideal profile
- 12+ years of progressive experience, of which 5 should be within the infrastructure industry
- Attention to detail and focus on high quality standards in line with market best practices
- Results oriented, able to meet scheduled milestones across multiple initiatives to ensure timely execution of the CIB’s mandate
- Effective ability to interact with others and deal with situations in ways that respect diverse backgrounds, experience, and styles
- Bilingual English/French (asset)
- Undergraduate degree (business, commerce, economics, or engineering) or MBA/Master’s degree/CFA
- Practical knowledge in the area of public sector infrastructure with an emphasis on infrastructure asset management, data collection and analysis, and performance monitoring
- Working knowledge of Canadian debt financing and capital markets and/or project financing markets, including reflection of these in a financial modelling and commercial document context
- Background leading organizational growth and transformation
- Strong leadership and people management skills, with the ability to inspire, mentor and lead cross-functional teams
- Exceptional communication and relationship-building skills, with a focus on fostering long-term partnerships
To apply for this position, please email your resume to careers@cib-bic.ca with the subject line:
Head, Asset Management
We thank you for your interest. Only those selected for further screening or an interview will be contacted.
We thank you for your interest. Only those selected for further screening or an interview will be contacted.
We regret to inform you that this job opportunity is no longer available as it has expired
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