Recognized as one of Montreal's Top Employers (2019):
By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Jan 30, 2019)
Here are some of the reasons why Public Sector Pension Investment Board / PSP Investments was selected as one of Montreal's Top Employers (2019):
- PSP Investments supports a number of charitable initiatives each year and encourages employees to take action by providing 2 paid days off to volunteer (employees donated approximately 4,500 volunteer hours on company time in the past year)
- Along with 3 or 4 weeks of starting vacation allowance (depending on employee level), PSP Investments helps employees achieve better work-life balance through a variety of alternative working arrangements, including flexible hours and telecommuting options
- PSP Investments provides maternity leave top-up payments for employees who are new mothers, to 93% of salary for up to 18 weeks
PSP Investments fuels powerful networks of people and opportunities
Viktoria Machanova joined PSP Investments in 2008 with a commerce degree from McGill University. Hired as a private-equity analyst, she moved up to manager of private equity. She maintains relationships with a dozen private equity funds.
Machanova spends up to 40 per cent of her work life on the road and thrives on meeting with private equity principals and their advisers. "It's great to be able to learn from them, and build meaningful relationships for PSP," she said.
The Public Sector Pension Investment Board (PSP) is one of Canada's largest pension investment managers. It invests for the pension plans of the Public Service, the Canadian Armed Forces, the RCMP and the Reserve Force.
PSP's principal business office is in Montreal where 732 of its 800 permanent full time employees are located. PSP has additional offices in New York and London and is in the process of opening a new office in Asia. "We hire five to seven positions per week and expect to hire over 150 professionals each year," said Giulia Cirillo, senior vice-president and chief human resources officer.
"We look mainly for investment professionals with Chartered Financial Analyst credentials to invest in the public equity and debt markets. For the real estate, natural resources, infrastructure and private equity markets, we look for top talent that is not only financially oriented but also masters how to negotiate, leverage networks and effectively manage relationships." To support its investment professionals, PSP also seeks people with skills in investment finance, treasury, taxation, risk, human resources and legal.
For PSP, inclusion and diversity are leadership commitments, directly sponsored by the CEO and CHRO. In November, it held a Taking Charge of Your Career day for female employees. "Some 100-plus women attended the event, which included a panel discussion with the women on our board of directors, as well as with members of senior management," Cirillo said.
At PSP, women comprise 40 per cent of the workforce, 35 per cent of its managers and 33 per cent of C-suite executives. "PSP has done a fantastic job of promoting women," Machanova said. "It's a great improvement from 10 years ago, when it was a very challenging environment to thrive in as a woman."
Gender equity is part of a larger PSP commitment to inclusion and diversity. Eight affinity groups - including gender, visible minorities, Indigenous, people with disabilities, LGBTQ, veterans, multi and diversity of thought - were recently launched. Machanova co-leads the multi-generational affinity group. Herself a Gen-Xer, Machanova said that 45 per cent of PSP staff are millennials. "Our generations are learning how to collaborate and share knowledge, to harness a valuable source of new leadership potential."