Director, Portfolio Construction

Grade: P10
Referral Level: Level 2
Division:MI-PR

IGM Financial Inc. is a leading wealth and asset management company in Canada managing approximately $271 billion in assets. 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 yearsand 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.

The Role

Reporting to the VP Head of Portfolio Construction the successful applicant will oversee our portfolio construction franchise and help investment advisors build better portfolios for their clients. Responsibilities include overseeing our current state of operations and helping to define and create our future state.

Overseeing our current state will include owning responsibility for our guided portfolios leading and/or collaborating on thought leadership initiatives and managing a team of up to two portfolio construction specialists. With regards to our future state the successful candidate will play a leading role in building and launching a next-generation portfolio construction engine that will be built by an external vendor to support Canadian financial advisors.

Key responsibilities:

• Act as the builder of the next-generation portfolio construction capability. Work with the VP Portfolio Construction and internal partners to design and define the portfolio construction framework end-to-end including inputs (returns volatility correlations proxies) model design (objective function constraints guardrails) and outputs (efficient frontier portfolio positioning and recommendations). Work directly with external vendors or internal developers to translate this logic into a functioning platform. Step through model calculations validate outputs and challenge results to ensure the system reflects sound portfolio construction principles and produces usable advisor-ready insights.
• Bridge portfolio construction expertise with technology execution. Bring sufficient technical fluency to engage meaningfully in the build process including familiarity with Python or similar data workflows. While not required to code full-time the successful candidate must be able to code where needed or manage and direct those who do. Evaluate and select technology partners define requirements clearly and ensure the resulting platform can operate in real-world conditions including imperfect data proxy-based exposures and product shelf constraints.
• Serve as owner of existing portfolio construction franchise. The successful candidate will own all elements of the current portfolio construction franchise. This includes guided portfolios that reflect our approach to asset allocation and fulfillment solutions that are utilized by investment advisors focused on high-net-worth investors in Canada. The successful candidate will work with internal partners responsible for capital market assumptions to ensure these portfolios remain up to date and aligned with the firms views. The candidate will also oversee the existing portfolio construction service used to review advisor portfolios with responsibility for optimizing workflows and improving how portfolios are assessed in the current state. Contribute to and help shape portfolio construction perspectives ensuring key concepts are clearly articulated and consistently reflected across models diagnostics and advisor-facing materials.
• People management. There is a people management responsibility of a small team where the successful candidate will be able to lead mentor and help develop talent and foster a culture of excellence and intellectual curiosity.

Additional skills and qualifications

• A university degree in a business or finance-related discipline.
• Combination of CFA CAIA or MBA a plus.
• 7 years relevant experience in the investment industry.
• 5 years of experience of relevant experience as a sell-side or buy side research associate or equivalent in the investment management industry.
• Exceptional written communication skills with a demonstrated ability to share compelling stories.

The expected annual base salary range for this role is (135500 - 164000) which is determined based on skills knowledge and experience and geographic 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.

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

Please apply by May 42026.

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