Grade: D10 and above

Referral Level: Level 1

Division: MI Investments Fixed Income & MAS

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 year 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. 

Position

Reporting to the Head of Macro within the Fixed Income team, the Portfolio Manager, Fixed Income Macro will help drive idea generation, portfolio construction, and research across the platform. The title and level for this role will be determined based on the candidate's experience, investment judgment, and expected scope, and may be calibrated internally between ADP and VP. Depending on level, the successful candidate may serve as a named portfolio manager on fixed income mandates from day one or develop into named-PM responsibility over time. The role is based in Montreal.

The successful candidate will be accountable for generating differentiated ideas, implementing positions, monitoring risk, and refining views as markets evolve. A core mandate of the role is to generate alpha through top-down macro investing across global rates, sovereign credit, and foreign exchange, with particular emphasis on G10 rates. An equally important part of the mandate is to improve how portfolio management gets done by building or driving AI-enabled workflows that scale research, sharpen risk monitoring, and strengthen decision-making across the funds.

Ideal candidates combine macro judgment, curiosity, and implementation discipline with a builder mindset. We are looking for someone who has ideally used AI, automation, or systematic workflows to materially improve research, screening, monitoring, or portfolio processes. The strongest candidates will raise the intellectual ambition of the team and help make the investment process faster, sharper, and more repeatable without outsourcing judgment.

Candidates should typically bring at least five years of relevant experience in portfolio management, macro research, rates or FX strategy, sovereign research, multi-asset investing, or related top-down investment roles at strong institutions such as asset managers, hedge funds, banks, pension plans or research platforms. Beyond strong quantitative skills, the candidate should possess a deep qualitative understanding of market drivers and fundamentals and collaborate effectively with portfolio managers, research analysts, traders, quants, technology partners, and client-facing colleagues across the organization.

Key responsibilities:

• Focus primarily on idea generation across global markets as a core alpha engine for the funds, with particular emphasis on high-conviction views in G10 rates (directional, curve, and cross-market), complemented by sovereign credit, EM rates, and G10 and EM currencies. Conduct deep top-down macro research and translate views into clear, risk-managed positions.
• Own or materially contribute to risk management for the portfolios under coverage - sizing positions, allocating risk, monitoring duration, curve, spread, liquidity, and FX exposures, and adjusting positioning as market conditions evolve.
• Be deeply involved in day-to-day portfolio management activities across mutual funds and active ETF portfolios, including idea debate, implementation, post-trade review, and continuous refinement of the investment process.
• Contribute to investment thought leadership and help design differentiated fixed income and macro solutions that meet client needs and reflect the team's best ideas.
• Design, build, or sponsor AI-enabled workflows that improve idea generation, research efficiency, and real-time risk monitoring across the funds. This may include automated market screening, research copilots, agentic workflows, alerting systems, portfolio diagnostics, factor or exposure monitoring, and other decision-support tools. We are specifically interested in candidates who have gone beyond basic prompting and can point to workflows, agents, models, or data pipelines they have actually used in investment work.
• Represent the Mackenzie Fixed Income team in due diligence meetings, institutional discussions, and other client-facing settings, with a particular focus on French-speaking audiences and the Quebec market.
• Support the Quebec Sales team and broader client franchise through fixed income discussions, written commentaries, and presentations in French and English. Travel within Quebec may be required.

The Successful Candidate Should Have The Following Qualifications

• Master's degree in Finance, Economics, Statistics, Computer Science, Engineering, or a related field.
• CFA designation, or demonstrated progress toward the CFA, is considered an asset.
• Typically five or more years of relevant experience in portfolio management, macro research, rates or FX strategy, sovereign research, multi-asset investing, or a related role, with level and title calibrated between ADP and VP based on track record and expected responsibility.
• Demonstrated ability to generate differentiated investment ideas and, at the appropriate level, a credible record of contributing to or managing fixed income, macro, multi-asset, and/or asset allocation portfolios.
• Strong grounding in macro market drivers, valuation, policy regimes, asset pricing, portfolio construction, risk management, derivatives, and implementation across global fixed income and FX markets.
• Strong programming and data fluency (Python, R, SQL, APIs, dashboards, or similar) and/or clear evidence of having built AI-enabled, automated, or machine-learning-based workflows in an investment context. Familiarity with large language models, modern data pipelines, and systematic monitoring tools is highly desirable; basic chat-tool familiarity alone is not sufficient.
• Fluency in French is required, given the client-facing and Quebec market responsibilities of the role.

Skills and abilities:

• Strong intellectual rigour, curiosity, and independent judgment, with a habit of generating original views rather than only reacting to consensus.
• Ability to move from hypothesis to investable position, with sound judgment on sizing, implementation, and risk.
• Ability to work independently with a high degree of initiative, ownership, and resourcefulness.
• Disciplined and pragmatic approach to problem-solving, decision-making, and continuous improvement.
• Ability to excel in a collaborative, team-oriented environment and influence peers constructively across portfolio management, research, trading, technology, and distribution.
• Strong oral and written communication skills, with the ability to present clearly and credibly to investment colleagues, clients, advisors, and internal partners.
• High integrity, accountability, drive, creativity, and a willingness to continuously improve both personal performance and team process.

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).  

Knowledge of French and English is required to support clients and Team members within and/ or outside the province of Quebec.  

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.  

Artificial Intelligence in Recruitment: As part of our Talent Acquisition process, we may use artificial intelligence and automated tools to support activities such as candidate sourcing, application review, and interview scheduling. These tools support the recruitment process; all hiring decisions are made by people. 

We thank all applicants for their interest in Mackenzie Investments; however, only those candidates selected for an interview will be contacted. 

Please apply by May 8 2026.

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