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Director, Risk Management

February 1 2021
Industries Real Estate
Categories Accounting, Finance, Management, Consulting, Financing, Investment, Merger & Acquisition, Credit, Risk, Property Management, Real Estate, Management, Administration
Montreal, QC

Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.

Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,000 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held close to C$64 billion in real estate assets as at December 31, 2019 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.

Department : Risk Management

Position type : Salaried

Specific accountabilities

Reporting to the Vice-President and Chief Risk Officer, you will serve as the risk representative within the investment groups for the markets assigned to you. You will play an influential leadership role, harnessing your cutting-edge expertise to oversee risk management throughout the lifecycle of an investment as well as operational management for the designated investment business unit. You will work closely with your peers in other business units to develop and analyze real estate investments (acquisitions/dispositions, asset management, development projects) at the national and international levels, addressing the operational risks to which Ivanhoé Cambridge and its assets are exposed.

Lastly, as a risk management expert, you will be in charge of handling Ivanhoé Cambridge's risk management challenges, meeting investment groups' needs in this regard and promoting team adherence to the risk management culture in the designated department.

Your duties will include the following:

  • Serve as representative and leader for the Risk department in the designated investment group (including for asset management, investment meetings and assessment meetings) on any topics relating to risk management;
  • Influence the business unit leader on matters related to risk management;
  • Meet the needs of various business units by developing a strong advisory relationship and providing support and assistance to managers;
  • Participate early and often in discussions around approving transactions in order to ensure that the identified risks are properly characterized and prioritized;
  • Analyze risks on an ongoing basis and identify mitigating factors, including preparing for a market downturn;
  • Ensure that cross-sectoral and emerging risks are taken into account in investment strategies of the business unit;
  • Analyze financial risks for portfolio investments, including risks related to the market (interest rates, currency, tenant credit, liquidity and leverage) for portfolio investments;
  • Analyze possible high-level investment deals upstream of the review process and identify in brief the corresponding key risks, both financial and extra-financial, as well as mitigating elements;
  • Generate a risk rating based on a standardized analytical and governance framework that makes it possible to:

  • Identify key transaction risks, prioritize them and assess their impact on the overall portfolio;

  • Identify key risk indicators to monitor over time;
  • Identify proposed mitigation strategies;
  • Aggregate financial and extra-financial risks for the various portfolio investments in order to provide perspective for the business unit; work with the global portfolio specialist to generate a portrait of the global portfolio;
  • Support the business unit's asset management teams in identifying emerging risks in light of the performance indicators established in the investment thesis;
  • Attend asset review sessions and issue relevant recommendations;
  • Implement close monitoring of key risk indicators identified in the investment thesis in order to ensure that the newly acquired asset behaves as anticipated throughout its lifecycle;
  • Contribute to necessary analyses of specific risks, such as sensitivity analyses for key parameters of investment strategies (e.g., terminal cap rate, NOI);
  • Carry out a quick review of prospective partners to identify the main high-level risks (e.g., reputation, financial health); subsequently, assist with the operational due diligence for partners involved in the deal;
  • Serve as an expert advisor for the development and improvement of risk estimate and control systems;
  • Work with other risk specialists to develop the tools and business processes required by the business unit.

Key requirements

  • Master's degree in finance;
  • CFA designation, an asset;
  • Minimum 15 years of experience in real estate investment;
  • Experience in managing investment risk;
  • An equivalent combination of education and experience may be considered;
  • In-depth knowledge of financial and quantitative analysis and modelling;
  • Excellent written and spoken communication skills and the ability to deliver clear, concise messages;
  • Ability to perform under pressure within tight deadlines;
  • Adept at multitasking;
  • Ability to negotiate and influence others;
  • Ability to establish productive working relationships with people at all levels of the organization;
  • Team player with the ability to prioritize and organize and who likes to be part of a high-performance culture;
  • Proficiency with Office suite tools (Excel, PowerPoint, Word); familiarity with Argus software, an asset;
  • Fluency in written and spoken French and English.

If you are interested in this challenge, please submit your resume.

You have everything to gain!

When you join the Ivanhoé Cambridge team, you are eligible for employment benefits and a pension plan that are among the best in the industry. Our many health and wellness programs encourage you to balance your work and personal lives and fulfil your desire for social involvement, while maintaining a healthy lifestyle. At Ivanhoé Cambridge, you will have many opportunities to develop your skills and thrive professionally, in Canada or elsewhere in the world. Our initiatives aimed at creating an exceptional working environment that inspires our employees to give the best of themselves elevated Ivanhoé Cambridge into the ranks of 100 Top Employers in Canada.

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