In this position you will represent the Senior Managing Director, Capital Markets, and interact with internal and external business partners at all levels…, Director, Treasury, Total Fund Management. TORONTO - Ontario Teachers' Pension Plan (Ontario Teachers') today announced a rate of return on investments of 13.0% for the year ended December 31, 2015, resulting in an increase in net assets to a record $171.4 billion from $154.5 billion at the end of 2014. But when it comes to salaries, the OTPP story is one of value, not absolute figures, and it’s a good case study for investors looking at their own compensation structures. So Mock was paid C$2,208,000 from this account and so was left with a balance of C$6,623,805. Or are the hours set? Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. TORONTO - Ontario Teachers' Pension Plan (Ontario Teachers') today announced a rate of return on investments of 13.0% for the year ended December 31, 2015, resulting in an increase in net assets to a record $171.4 billion from $154.5 billion at the end of 2014. After all, it’s what goes back to the members that matters. Focusing on investment strategy and implementation, it is populated by original news stories, case studies and research that relate directly to the work of investment professionals at pension funds, endowments and sovereign wealth funds. This has produced stellar investment returns, reduced costs and sustained good performance. Search 40 Ontario Teachers' Pension Plan jobs now available on Indeed.com, the world's largest job site. Please read our Terms and Conditions, Privacy Policy and Terms of use. The mix of fixed and variable compensation varies by role, with the more senior leaders having a higher percentage of variable pay; for example, for the CEO and CIO, the mix is LTIP (37.5 per cent), AIP (37.5 per cent) and base salary (25 per cent). How much does a Director make at Ontario Teachers' Pension Plan in Canada? Paying good people good money is, and should be, a key part of an organisation that has 80 per cent of its assets managed in-house. Learn how to enable cookies. So while internal staff were paid $69 million, CalPERS spent a whopping $598.8 million on external investment managers and a further $6.6 million on consultants’ fees. Assist in the preparation of reports and presentations to senior leaders and the Board of Directors on risk modeling, budgeting and monitoring. Does Ontario Teachers' Pension Plan allow for flexible working hours? These include independence, strong governance, direct investing with world-class teams and the ability to attract and retain talent. Ontario’s teachers have a pension. Over the last 10 years, OTPP has returned 7.3 per cent against a benchmark of 6.3 per cent. Senior Programmer Analyst salaries ($77k), Customer Service Representative salaries ($30k), Investment Banking Analyst salaries ($80k), Top Jobs at Ontario Teachers' Pension Plan. In 2016, the average starting pension for an OTPP member was C$45,000, this is a significant improvement from when the fund started, in 1990, when the average starting pension for a teacher in Ontario was C$29,000. There’s no question the staff at OTPP are paid handsomely, but the incentive structure that has them rewarded through, and invested in, the total fund is a sophisticated alignment of interests. TORONTO - Ontario Teachers' Pension Plan (Ontario Teachers') today announced a rate of return on investments of 13.0% for the year ended December 31, 2015, resulting in an increase in net assets to a record $171.4 billion from $154.5 billion at the end of 2014. Investments have been the most significant contributor to the success of the fund’s mission. This is a huge figure in anyone’s world. Since 1990, 78 per cent of the pension funding has come from investments, 12 per cent from government and employer contributions, and 10 per cent from member contributions. The benefit of this youth is a clean sheet of paper to design an organisation that can be fit-for-purpose and capitalise on governance best practice. Read the full release: Ontario Teachers' Pension Plan (Ontario Teachers') today announced a rate of return on investments of 13.0% for the year ended December 31, 2015, learn more: Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job that’s right for you. What is the interview process like at Ontario Teachers' Pension Plan? The deferred amount will increase, or decrease, by the actual rates of return of the plan. In 2016, Ontario Teachers’ Pension Plan (OTPP) paid staff more than C$360 million ($276 million) in compensation. Joe Biden will win the US election according to a technique used in finance to predict factor returns and the correlation of stock and bond returns. What is the work environment and culture like at Ontario Teachers' Pension Plan? Please login via linkedin to post a comment, California Public Employees Retirement System (CalPERS). Excited to move closer to our partners and the pool of talent! At the beginning of 2016, Mock’s notional account balance was C$7,237,730. It employs 1100 people in its offices in Toronto, London and Hong Kong, and another 1500 in its real-estate subsidiary, Cadillac Fairview. Depending on the job function, the annual incentive plan (AIP) for executives is a combination of: fund performance, division performance, four-year total fund performance, four-year investment department performance, and individual performance. Get weekly updates, new jobs, and reviews. The Ontario Teachers’ Pension Plan (OTPP) said that teachers are eligible to retire with an unreduced pension when their age and qualifying years equal 85 years old or when they turn 65 years old. But it’s the way OTPP structures its salaries, including strict benchmarking and design principles, that make this an interesting story. OTPP is fully aware that to attract and retain the talent needed to run its portfolio, it must compete with fund managers, banks and insurance companies within Canada and, for some jobs, globally. But when it comes to salaries, the OTPP story is one of value, not absolute figures, and it’s a good case study for investors looking at their own compensation structures. An erosion in social cohesion, lack of trust in institutions and lack of social mobility have weakened the fabric of society in the US; and it is these issues that are on trial as the country goes to the polls not who wins or loses, according to Stephen Kotkin, the John P Birkelund Professor in History and International Affairs at Princeton University. top1000funds.com is the news and analysis site for the world’s largest institutional investors. In addition to being the editor of top1000funds.com, she is responsible for directing the bi-annual Fiduciary Investors Symposium. White is responsible for the content across all Conexus Financial’s institutional media and events. Top1000funds.com. The technique, outlined in an MIT working paper, correctly predicted the past five elections, including 2016. Salary estimated from 4 employees, users, and past and present job advertisements on Indeed in the past 36 months. OTPP has the advantage of being a relatively new organisation, at least compared with some pension funds globally, such as the largest fund in the US, California Public Employees’ Retirement System (CalPERS), which is more than 85 years old. Many other funds have grown up with more complexity, legacy issues – and in some areas naivety around these tenets – than the slick operations of OTPP. Mock’s pension value increased by C$771,600 in 2016 and at the end of the year he had a balance of C$5,946,300. In contrast, the average 10-year investment returns for US state pension plans to June 30, 2016, was 5.7 per cent. Of CEO Mock’s total compensation of C$4,087,974 in 2016, for example, the largest component was the long-term incentive payment of C$2,208,000. Please login via linkedin to post a commentLogin via LinkedIn. A teacher who retires with a full pension, worked for 32 years and earned a best-five-years average salary of $60,000 would have a basic pension of $38,400. Note again, the fund’s performance since 1990 has been 10.1 per cent, annualised. More Ontario Teachers' Pension Plan Management salaries, All Ontario Teachers' Pension Plan - Management salaries, Browse all Ontario Teachers' Pension Plan salaries by category. The Ontario Teachers’ Pension Plan (OTPP) and the federal Public Service Pension Plan (PSPP) are fairly similar in most respects except for cost-sharing. If you were to leave Ontario Teachers' Pension Plan, what would be the reason? In the same year, CIO Bjarne Graven Larsen received C$3,153,728 and CEO Ron Mock earned total compensation of C$4,087,974, making him the highest-paid executive in pension management globally (at least based on what can be gleaned from publicly available information). Salary information comes from 39 data points collected directly from employees, users, and past and present job advertisements on Indeed … As more investors look to align with the SDGs, Andrew Parry, says there is a huge opportunity for the fixed income market to be more impactful and innovative. But the point remains; on every measure, OTPP outflanks CalPERS, despite its exorbitant staff compensation bill. Each employee’s incentive pay is designed around the risk budget and the board approves the active risk allocations, which in turn establish expected annual dollar value-added performance goals each year. Individual LTIP accounts are adjusted annually, based on the total fund’s actual rate of return; then, each year, active employees are paid 25 per cent of their individual account balance as LTIP. Get a free, personalised salary estimate based on today's market, Ontario Teachers' Pension Plan Salaries by Location, Check out the latest Ontario Teachers' Pension Plan Jobs & Careers. Job openings matching Director in Ontario Teachers' Pension Plan. In total, that’s C$323.2 million ($247.5 million) in salaries, benefits and incentives. With only a few days before the US election Amanda White speaks with Stephen Kotkin, the John P Birkelund Professor in History and International Affairs at Princeton University, about what it would take to actually make America great again. Glassdoor will not work properly unless browser cookie support is enabled. Is there a parking lot for staff or do you have to pay for parking daily? These figures are given to the Indeed users for the purpose of generalized comparison only. Questions about Ontario Teachers' Pension Plan. How did you get your first interview at Ontario Teachers' Pension Plan? Further demonstrating that the incentive scheme aims to align employees with the total plan, staff can choose to allocate all or part of their AIP to a total fund plan, a private capital plan, or a combination of the two, for up to two years. Salary information comes from 10 data points collected directly from employees, users, and past and present job advertisements on Indeed … In 2016, the chair of OTPP, Jean Turmel, received C$170,000 in compensation. As a Director, you will be responsible for constructing an optimal risk-adjusted funding portfolio while ensuring…, The opportunity is to strengthen and subsequently lead a consummately professional internal audit team at this internationally renowned pension plan, with over …, See all jobs matching Director in Ontario Teachers' Pension Plan.

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