AVP Investment Research, Fixed Income Macro Group

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$310billionin assetsas 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 IGMs 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 Canadas Top 100 Employers for the fourth consecutive yearand one of Canadas 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

The role is based in Montreal.

Reporting to the Head of Macro within the Fixed Income team the Assistant Vice President / Vice President Fixed Income Markets Research will bea senior investment researchprofessional focused on originating differentiated actionable ideas across global rates sovereign credit and foreign exchange. The role will contribute primarily to theearly stagesof the investment process byidentifyingunderappreciated themes and market dislocationsdevelopingand testing investment hypotheses and translating research into clearly specified recommendations for portfolio managers.

This is a research-led role but the successful candidate will also hold the required portfoliomanagerregistration to implement and execute approved trades promptly within delegated authority and risk limits. AI adoption is a core strategic priority for the team and a substantive part of this mandate: the successful candidate will help modernize how the team discovers tests documents and monitors investment ideas.

The appointment will be made at the Assistant Vice President or Vice President level based on experience sustained evidence of idea generation investment judgment AI fluency and expected leadership scope. At the Vice President level the successful candidate will also be expected to contribute to the teams research and AI-adoption priorities supporthigh standards of evidence and debate and contribute meaningfully to portfolio decisions across the platform.

The successful candidate will contribute to a repeatable pipeline of high-conviction ideas with primary emphasis on G10 rates - including directional curve inflation and cross-market opportunities - and complementary coverage of sovereign credit emerging-market rates and G10 and EM currencies. Research should integrate macroeconomic and policy analysis with valuation market-implied expectations positioning and flows technicals systematic signals and scenario analysis. Each recommendation should articulate the differentiated view catalyst time horizon expected return preferred trade expression key risks and conditions that would invalidatethe thesis. Success will be measured by the originality quality and portfolio relevance of the ideas generated the discipline of the research process the contribution of recommendations to investment outcomes and measurable improvement in the teams AI-enabled research process.

Ideal candidates combine deep macro judgment with quantitative discipline intellectual independence and a strong instinct foridentifyingwhat the market may be mispricing. They are comfortable challenging consensus seeking disconfirming evidence and refining views asnew informationarrives. They alsodemonstratestrong practical interest in AI: curiosity about emerging capabilities willingness to test them and discipline in incorporating useful tools into repeatable workflows. The role does not require a pure machine-learning engineering background but it does require an investor who can use coding data automation and AI as force multipliers while rigorously validating outputs andretainingclear human accountability for investment decisions.

The strongest candidates will have a demonstrable record of originating investment ideas and explaining how those ideas were researched expressedmonitored and reviewed.

At the Vice President level candidates shoulddemonstratea sustained record of influencing portfolio decisionsstrengtheningthe research process and contributing to the adoption of new analytical and AI-enabled capabilities. They will collaborate closely with portfolio managers traders research analysts quants technology partners and client-facing colleagues whileretainingclear ownership of the research thesis.

Key responsibilities:

• Contribute to the teams trade-idea pipeline by continuouslyidentifyingmacro themes policy shifts valuation anomalies and market dislocations across global rates sovereign credit and FX with primary emphasis on G10 rates.

• Develop differentiated investment hypotheses by combining fundamental macro and policy research with market-implied expectations relative value carry and roll positioning and flows technical indicators cross-asset information and systematic signals.

• Translate research into decision-ready recommendations that specify the variant view catalyst horizon preferred and alternative trade expressions entry parameters target expected return downside liquidity considerations and clear thesis-invalidation conditions.

• Partner with portfolio managers and traders on trade construction and riskimplications andimplement approved trades promptly within delegated authority and risk limits. Lead portfolio managersretainfinal accountability for portfolio construction position sizing and risk allocation.

• Monitor active and watch-list ideas update conviction asevidencechanges and recommend whether toinitiate add reduce exit or re-express a view. Maintain an auditable idealogand conduct post-mortems on implemented and non-implemented ideas to distinguish thesis quality timing and implementation and to improve the research process.

• Support disciplined standards for AI-enabled investment research including source traceability reproducibility structured evaluation human review privacy and confidentiality and controls for hallucination data leakage bias and model deterioration. Document and share reusableworkflows andhelp colleagues use AI in ways that improve research breadth speed quality and institutional memory.

• Contribute to investment debate written research and thought leadership and selectively present the teams macro views in internal due-diligence institutional and client settings in French and English.
• Travel within Quebec may be.

Qualifications

• Masters degree in Finance Economics Statistics Computer Science Engineering ora related field.

• CFA designation ordemonstratedprogress toward the CFA is considered an asset.
• Atleast seven years of relevant experience in global macro or fixed income research rates or FX strategy sovereign research systematic macro multi-asset investing or related top-down investment roles at asset managers hedge funds pension plans banks or research platforms.

• The applicable portfoliomanagerregistration or eligibility to obtain it promptly is.

• Typicallyseven or more years of relevant experience in global macro or fixed income research rates or FX strategy sovereign research systematic macro multi-asset investing or a related top-down investment role. The appointment will be made at the Assistant Vice President or Vice President level based ontrack record investment judgment influence on portfolio decisions and expected leadership scope.

• Demonstrated record of originating differentiated investment ideas and a repeatable process for moving from question to hypothesis evidence recommendation monitoring and post-mortem. Candidates should be able to discuss examples while respecting prior-employer confidentiality.

• Deep knowledge of monetary and fiscal policy inflation growth term premia yield curves sovereign risk FX cross-market valuation derivatives and market microstructure.

• Strong quantitative and data fluency including the ability to test hypotheses assess signal robustness and avoid overfitting and look-ahead bias.Proficiencywith Python and SQL is strongly preferred; familiarity with R APIs dashboards and modern data pipelines is an asset.

• Demonstrated hands-on use of generative AI large language models natural-language processing automation or machine learning in an investment or research context or compelling evidence of exceptional curiosity and rapid self-directed adoption. Candidates should be able to describe workflows they have built or materially improved how outputs werevalidated and how tools were embedded into a repeatable process. Familiarity with retrieval-augmented generation AI agents and agentic workflows structured outputs and model evaluation is an asset. Basic chat-tool familiarity alone is not sufficient.

• Fluency in French is given the client-facing and Quebec market responsibilities of the role.

Skills and abilities:

• Strong intellectualrigour curiosity and independent judgment with a habit of developing original views rather than only reacting to consensus.

• Strong interest in applying AI to investment research with the curiosity to test emerging tools the judgment to distinguish durable use cases from hype and the discipline to integrate effective tools into reliable day-to-day workflows. Ability to document practices and share learning in support of responsible AI adoption across the team.

• Ability toidentifyvariantperceptions distinguish durable signal from noise and synthesize complex evidence into concise falsifiable investment recommendations.

• Ability to prioritize research toward ideas with meaningful expected value rather than maximizing output volume while actively seeking disconfirming evidence and changing direction when the facts change.

• Ability to work independently with a high degree of initiative ownership and resourcefulness whilemaintaininga disciplined research agenda and idea pipeline.

• Ability to excel in a collaborative debate-oriented environment and influence portfolio managers traders researchers quants technology partners anddistributioncolleagues constructively.

• Strong oral and written communication skills with the ability to present complex research and investment recommendations clearly concisely and credibly to investment colleagues clients advisors and internal partners.

• High integrity accountability drive creativity anda commitmentto improving both personal performance and the teams research and decision-making process.

Benefits:

• COMPETITIVE COMPENSATION & RECOGNITION:competitive base salary performance-weightedbonus education/career support option to join Employee Share Purchase Plan with employer matchingcomponent.

• 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:voluntaryGroup RRSP enrolment with employer matchingcomponent.

• WORK LIFE BALANCE:paid volunteer days competitive time off including 10 wellness days offWorkPerksdiscount 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 ofFrench and Englishis required tosupportclients and Team members within and/ or outsidethe 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 thatrepresentthe 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 providingbarrier-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 tosubmittheir resume and a cover letter detailing their qualifications and experience to 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 July 29 2026.

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