Description
Location: TorontoDivision: MI Investments Fixed Income & MASReferal: Level 1Job Type: Full Time PermReports to: AVP Investment Research IGM Financial Inc. is a leading wealth and asset management company in Canada, managing approximately $310 billion in assets as of December 31, 2025. It offers financial planning and investment services to over two million Canadians through IG Wealth Management and Mackenzie Investments. Mackenzie Investments, founded in 1967, is a key part of IGM’s business model, serving as a comprehensive asset-management partner for Canadian financial advisors and their clients. At Mackenzie Investments You Can Build Your Career with Confidence. We are proud to be recognized as one of Canada’s Top 100 Employers for the fourth consecutive years and one of Canada’s Best Diversity Employers. Our vision and strategy aim to innovate the industry and support Canadians in achieving their financial goals. Join our team to engage in continuous learning and skill development in a supportive environment. Experience the best of both worlds with our hybrid work environment, where you spend three days a week in the office, connecting, collaborating, and enjoying quality time with your amazing colleagues! Our Values: Be better; we strive for improvement in everything we do. Be accountable; we foster clarity and are empowered to act responsibly. Be a team; we are united to drive collective impact to achieve our goals. The Mackenzie Fixed Income Team is accepting applications for the position of Investment Analyst, based in Toronto, Ontario. The position reports directly to the Head of Credit Research. The role focuses on credit analysis across global investment-grade bonds, high yield bonds, and leveraged loan markets. It requires a strong interest in global credit markets and the ability to develop and communicate investment recommendations to Portfolio Managers. The role contributes to the success of our fixed income mandates through idea generation, position monitoring, and special projects that support the portfolio management process. Success in the role requires clear, receiver-centric communication and the ability to operate within a structured investment process, with strong documentation and follow-through from idea generation through monitoring and post-mortem learning. The successful candidate should also be open to using technology, including AI tools, thoughtfully and responsibly to improve efficiency, deepen research, and support better investment outcomes. Key responsibilities:Develop deep expertise in an assigned group of sectors and proactively identify key strengths, weaknesses, opportunities, and risks across sectors and issuers.Conduct fundamental bottom-up research of assigned sectors across investment-grade bonds, high yield bonds, and leveraged loans to assess industry trends and market dynamics with a view to generating investment ideas and monitoring existing positions Perform comprehensive bottom-up due diligence on issuers including developing detailed financial models to assess creditworthiness, conducting meetings with management teams, and analyzing relative value Analyze capital structures and covenants to identify the most attractive place to invest in the capital structure and maximize risk-adjusted return Make buy / hold / sell recommendations on individual securities and collaborate with the broader team to implement those views in the portfolios Communicate timely investment updates and views with clear, well-documented recommendations and rationale so they can be translated effectively into portfolio decisions, execution, monitoring, and ongoing reviewTake ownership of ideas through their lifecycle by helping monitor positions, updating views as facts change, and contributing to post-mortem reviews that strengthen team learning and process disciplineEngage with companies on material ESG issues in a way that is consistent with team and company engagement strategies to determine suitability for our various mandatesEstablish and build relationships with sell-side contacts and other market participants such as rating agency analysts to generate market insightsParticipate in regular team meetings related to individual credits, sector views, relative value and portfolio managementContribute to process improvement initiatives that enhance efficiency, consistency, and best practices across the team in support of alpha generation.Use AI tools, where appropriate, to improve workflow efficiency, research synthesis, information organization, and productivity, while exercising strong judgment, maintaining data confidentiality, and applying appropriate human oversightWork closely with portfolio managers and benefit from ongoing mentoring and career development with opportunities to take on increasing responsibilities over timeThe successful candidate should have the following qualifications:Have 2-5 years of experience in financial services industry with a focus on credit analysisSolid knowledge of and demonstrated experience with fundamental credit analysis as it relates to fixed income securities within the context of the global fixed income marketsA high level of attention to detail, accuracy, and the ability to prioritize workflow are essential.Demonstrated openness to feedback, continuous improvement, and ongoing skill development within a collaborative team environmentCompletion of, or progress toward the CFA program or another advanced degree is preferredExperience with using AI tools productively and appropriately including large language models (LLMs), to support research, workflow efficiency, and information synthesis The expected annual base salary range for this role is (90,000 – 140,000), which is determined based on skills, knowledge and experience. In addition to base salary, this role is eligible for annual short-term incentive, health and well-being benefits, retirement and savings plan, paid time off and career development. Benefits: COMPETITIVE COMPENSATION & RECOGNITION: competitive base salary, performance-weighted bonus, education/career support, option to join Employee Share Purchase Plan with employer matching component. EMPLOYEE BENEFITS & INSURANCE: competitive health and dental coverage, flexible plan for you and your family and short-term & long-term disability plans. RETIREMENT SAVINGS PROGRAMS: voluntary Group RRSP enrolment with employer matching component. WORK LIFE BALANCE: paid volunteer days, competitive time off including 10 wellness days off, WorkPerks discount program, hybrid & flex work arrangements. INCLUSIVE CULTURE AND DIVERSITY: living our core values: Be a Team, Be Accountable, Be Better, engaging with community through Business Resource Groups (BRG communities are volunteer employee-led groups formed around a common interest, identity, or background). IGM is a diverse workplace committed to doing business inclusively – this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada – including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas. Mackenzie Investments is an accessible employer committed to providing barrier-free recruitment experience. If you require accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs. How to Apply: Interested candidates are invited to submit their resume and a cover letter detailing their qualifications and experience to https://www.mackenzieinvestments.com/en/careers. We thank all applicants for their interest in Mackenzie Investments; however, only those candidates selected for an interview will be contacted. Please apply by April 17 2026.#LI-JS2 #LI-Hybrid
