Accelerating equitable access to capital for all Canadians: a research agenda in four steps PostDoc Project Lead - ON-730

Project type: Research
Desired discipline(s): Finance, Mathematical Sciences, Business, Social Sciences & Humanities, Economics
Company: New Power Labs
Project Length: Longer than 1 year
Preferred start date: As soon as possible.
Language requirement: English with some French proficiency
Location(s): Open to remote work anywhere in Canada, ON, Canada; Canada; Canada
No. of positions: 1
Desired education level: PhDPostdoctoral fellow
Open to applicants registered at an institution outside of Canada: No

About the company: 

New Power Labs is a collaborative platform to inform, co-create, and mobilize new approaches and practices to flow capital more equitably.  We are a new not for profit organizations founded and led social finance sector leaders.

Our goal is to Influence asset holders and asset managers to increase the flow of capital towards underserved communities.

We also want to influence asset holders and asset managers to development of more inclusive investment policies and processes (due diligence) in the deployment of capital.

New Power Labs aggregates and synthesizes knowledge and resources, and leads research to uncover and share actionable tools and best practices transforming how equity, diversity and inclusion is applied by practitioners. We work in partnership across the capital spectrum, from philanthropy to impact investing to venture capital and bank financing. 

Our organizations rests on four strong pillars: research, convenings, benchmarking and tools and education.

We want to change the perspective that people have about diversity, equity and inclusion (DEI) policies, from constraints to opportunities.

We want to influence the government on the development of policies in the deployment of capital. We want to create a hub/network of knowledge for people who manage the flow of capital.​

Describe the project.: 

This postdoc position is an opportunity to develop and lead an impactful research agenda which could transform the lives of Canadians by supporting more inclusive capital flows in Canada.

Project execution will include direct work and mentorship with NPL Executive Lead and Co-Founder Narinder Dhami who is recognized as a leading expert in the social finance domain.

Project execution will also include the management of a team of Mitacs research interns to be hired to execute on the research agenda.

The project includes 4 pillars:

Part 1: Power Structures

This research project consists in understanding who holds power and what the visual representation of power structures within entities that deploy capital in Canada is.

Part 2: Industry Statistics on Diversity

This research aims to build a disaggregated view of who holds power (demographic representation) in institutions that deploy capital (Partners, board, Investment Committee etc.)  and drawing a socio-demographic portrait of the recipients of the flow of capital distributed by Canadian financing organizations.

Part 3: Understanding the dynamics behind who controls the flow of capital

This research aims at understanding what the factors slowing down people of diverse backgrounds getting access to power within Canadian financial organizations are.

Part 4: Understanding the dynamics behind who gets access to the flow of capital

This research aims at discovering what the barriers that diverse populations face in getting access to capital when dealing with Canadian financial organizations are. This pillar builds on work that is already underway in partnership with SVX Canada  

An expanded description of the proposed project scope is available by contacting Sarah Fairlie via email: sfairlie@mitacs.ca

Required expertise/skills: 

Specific knowledge:

  • The candidate must have a background in finance and a familiarity with the way organizations that flow capital work, from philanthropy to impact investing to venture capital and bank financing
  • Our ideal candidate will have an awareness, caring and passion for EDI related topics and will be sympathetic to the kind of changes that NPL aims at accelerating within society.

Specific skills: Considering that the candidate would hold a managerial position, soft skills such as communicational abilities, patience and ability to follow-up on tasks with team members are required. 

Optional software expertise: a knowledge of quantitative methods and softwares such as Qualtrics would be an asset.  

Optional knowledge: Knowledge related with entrepreneurship is a welcome asset, but is not formally necessary.

New Power Labs (NPL) will offer a top up on Mitacs’ contribution, so that the Research Lead receives a yearly salary of 110k per year for full-time work, plus benefits. Priority will be given to candidates who have interest in transitioning to full time employment with New Power Labs after the project is complete.