Assistant Vice-President, Portfolio Manager

1 month ago


Montreal, Canada Mackenzie Investments Full time

Job Description

Grade: D10

Referral Level: Level 1

Division: MI Investments Fixed Income & MAS

IGM Financial Inc. is one of Canada's leading diversified wealth and asset management companies with approximately $271 billion in total assets under management. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management and Mackenzie Investments.

Under IGM Financial’s unique business model is Mackenzie Investments, founded in 1967. Mackenzie Investments is a holistic asset-management partner for thousands of Canadian financial advisors and the investors they support.

At Mackenzie Investments You Can Build Your Career with Confidence.

We have a vision and a strategy that will challenge the way business in this industry is done and help Canadians be successful in the ways that mean the most to them. As part of our team, you will do some of your best work, develop some of your most valuable skills, and give back in ways that make a difference in the lives of Canadians. We are proud to be recognized as one of Canada’s Top Employers by Mediacorp Canada Inc.

Join an unstoppable team that is embedded in continuous learning, understanding, and knowledge sharing. You will thrive in our supportive environment where you can indulge your curiosity to learn, while receiving the feedback you need to refine your skills and abilities. We are dedicated to offering a hybrid work environment when applicable.

Mackenzie Investments 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.

Position (details)

Reporting to the VP within the Fixed Income Portfolio Management team, the Associate Vice President will lead research initiatives, handle portfolios, and be a named portfolio manager. The role is based out of Montreal/Toronto.

Ideal candidates are passionate about portfolio management, innovative, creative, possess strong decision-making skills, and uphold the highest standards of honesty and integrity. They are motivated by achieving excellence as part of a team striving to be the best in its field.

The successful candidate will gain valuable knowledge and skills by being part of a team making investment decisions across various asset classes, geographies, and investment strategies.

The main responsibilities and activities of the Associate Vice President include:

  • Deep involvement in day-to-day portfolio management activities, including Mutual Funds, ETF portfolios, SMAs, and Index Funds.
  • Assessing the investment merits and risks of various strategies and ideas.
  • Conduct macroeconomic research across global markets to generate ideas and drive alpha.
  • Contributing to investment thought leadership and designing innovative investment solutions to meet clients' needs.
  • Prioritize and contribute to the team's sustainability objectives through portfolio management and idea generation.
  • Actively participate in discussions on the positioning and management of Fixed Income portfolios in collaboration with the Macro team, credit group, and Quants.
  • Represent the Mackenzie Fixed Income team at various functions, including Retail due diligences and Institutional gatherings.
  • Support the Quebec Sales team by engaging in fixed income discussions with advisors for asset gathering across the province, in French. Frequent travel within the province is expected.
  • Writing commentaries as needed for client service requirements.

The following capabilities and experiences are critical for success in this role:

  • PhD or Master’s degree in Finance, Economics, Statistics, Computer Science, or a related field.
  • The CFA designation or demonstrated progress towards the CFA is considered an asset.
  • Minimum of 5 years of portfolio management and disciplined research experience at world-class institutions.
  • Strong quantitative background with a deep appreciation of market drivers and fundamentals.
  • Proven track record of consistent and outstanding performance in managing fixed income, macro, multi-asset, and/or asset allocation mandates.
  • Deep knowledge of economics, asset pricing, portfolio construction, risk management, and derivatives.
  • Knowledge of programming (Python, R, etc.) and data management software tools (e.g., Tableau and MS Excel); database knowledge (MongoDB, SQL) is an asset.
  • Ability to work under pressure and meet time-sensitive deadlines.

Skills and Abilities:

  • Exceptional analytical and research skills.
  • Ability to work independently with a high degree of initiative and resourcefulness.
  • Disciplined, analytical approach oriented towards problem-solving.
  • Ability to quickly analyze and interpret large volumes of information.
  • Capability to implement strategies, not just analyze them.
  • Intellectual rigor and curiosity.
  • Strong organizational and prioritization skills.
  • Ability to excel in a collaborative, team-oriented work environment.
  • Energetic, client-focused, and high integrity.
  • Strong oral and written communication skills, comfortable presenting and representing the team.
  • Drive, ambition, and a willingness to continuously improve.

Please apply by August 14, 2024.

Mackenzie Investments is an accessible employer committed to providing a barrier-free recruitment experience. If you require an 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.

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