Associate Portfolio Manager, Public Credit

Investment Management Corporation of Ontario (IMCO)•Toronto, ON

1d•CA$135,000 - CA$176,000•Hybrid

About The Position

IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career. Our culture is built on collaboration and passion, with a shared commitment to delivering lasting value to the clients we serve. Located in downtown Toronto, our vision is to be the partner of choice for Ontario’s public sector funds and to build a high-performing, value-driven asset management firm. This job posting is for an existing vacancy. If you are ready to deliver best-in-class service and join a collaborative, motivated and fun team of professionals, IMCO offers the opportunity to do impactful work and broaden your expertise. If you’re looking to use your expertise to drive strategic outcomes, we’d love to hear from you. IMCO’s actively managed Global Credit strategy (~$10.1B AUM) delivers higher risk-adjusted returns through a unified approach to credit investing, integrating public and private credit within a single, globally diversified portfolio. The strategy adopts a holistic approach to portfolio construction, allocating across public credit segments, including investment grade, high yield, leveraged loans, and structured credit, alongside private credit segments to capture relative value opportunities, enhance diversification, and optimize liquidity and return outcomes across market cycles. Our collaborative culture and value-add approach to strategic partnerships makes us a preferred partner to some of the largest investors in the world. We have a targeted strategy to grow our highly diversified Global Credit portfolio and are looking for a highly motivated Associate Portfolio Manager to join our Global Credit team with a focus on public credit!

Requirements

Minimum 5+ years of experience in asset management, with a focus on public credit investing and manager selection and oversight.
Experience leveraging data analytics and AI-enabled tools to support investment research, manager evaluation, or portfolio insights.
Strong understanding of global public credit markets, including corporate bonds, leveraged loans, structured credit, and credit market dynamics.
Experience conducting due diligence on external investment managers, including evaluation of investment processes, portfolio construction, and risk management.
Undergraduate degree required.
Strong analytical and problem-solving skills, with the ability to synthesize complex investment information into clear, actionable insights.
Effective communicator with the ability to present investment recommendations and market views to senior stakeholders.
Collaborative team player with an appreciation for diverse perspectives and a high-performing team environment.
Self-starter who can engage and motivate other people around key ideas, effectively listen and provide constructive feedback to others, participate in discussion and brainstorming.
Strong interpersonal skills with the ability to build and maintain relationships with internal teams and external managers.

Nice To Haves

Experience in private debt / private credit or broader private markets is considered an asset.
CFA designation, MBA or master’s degree(s) are considered an asset.

Responsibilities

Provide analytical and portfolio management support to the Managing Director in overseeing externally managed public credit portfolios on a day-to-day basis, including ad hoc analysis and strategic initiatives.
Source, screen, and conduct due diligence on external public credit managers across strategies (e.g., investment grade, high yield, loans and structured credit), utilizing data platforms and AI-enabled tools to analyze performance, identify risks, and support manager screening and ongoing evaluation.
Lead and support the preparation of investment recommendations, including drafting investment memos and presentations for internal Investment Committee approval.
Assist in structuring and negotiating investment mandates, guidelines, and negotiating fee arrangements with external managers in collaboration with risk, legal and other internal teams.
Conduct ongoing monitoring of external managers, including performance attribution, risk exposures, style drift, and adherence to investment guidelines; leverage AI to enhance efficiency in analysis, identify performance and risk trends, and support the development of portfolio-level reporting and insights for senior management.
Lead or contribute to initiatives within Global Credit to enhance portfolio management infrastructure through the application of AI and the integration of new investment systems and analytics capabilities; partner with internal teams (Risk, Performance, Operations, Technology) to improve investment data quality to enable more effective analysis, reporting, and decision-making.
Support portfolio construction and strategic asset allocation across public credit, including contributing to capital allocation decisions across segments and managers, and shaping overall portfolio strategy.
Maintain a strong understanding of global public credit markets, including macroeconomic trends, interest rates, credit spreads, and technical factors, to inform manager selection and portfolio positioning.
Engage regularly with external managers through diligence meetings, portfolio reviews, and on-site visits to assess portfolio strategy, market outlook, and execution capabilities.
Support client and stakeholder reporting, including preparation of quarterly updates, market commentary, and materials for senior management and board-level discussions.