Associate, Investments

Mastercard Foundation Asset Management; Toronto; Hybrid; CAD 70,000 - 100,000; Full time

Job summary

The Mastercard Foundation Asset Management is seeking an Investment Associate in Toronto. The role involves supporting the diversification and management of a portfolio, conducting due diligence, and engaging with external managers. Qualified candidates will have 3-5 years in investment management and a strong understanding of capital markets within a hybrid work environment.

Benefits

Comprehensive employer paid benefits

Retirement savings program

Flexible/hybrid work environment

Competitive time-off policy

Qualifications

• 3–5 years of relevant experience in investment research or management.
• Progress toward CFA, CAIA, or FRM designation.
• Strong understanding of both traditional and alternative investment strategies.

Responsibilities

• Support in sourcing, screening, and underwriting new investment opportunities.
• Conduct due diligence on investment managers.
• Prepare investment memos for internal review.

Skills

Analytical skills

Communication

Organizational skills

Education

Undergraduate degree in finance or related field

Tools

Microsoft Excel

Analytical programming tools (e.g. Python)

Job description

POSITION: Associate, Investments

ORGANIZATION: Mastercard Foundation Asset Management

LOCATION: Toronto, Ontario, Canada

BE PART OF A NEW AND GROWING ASSET MANAGEMENT COMPANY

ABOUT MASTERCARD FOUNDATION ASSET MANAGEMENT

Established in 2023, the Mastercard Foundation Asset Management (MFAM) Corporation was created to build a diversified investment portfolio for the Mastercard Foundation, one of the largest private foundations in the world. MFAM is headquartered in Toronto, Canada. We have a global investment strategy and mandate to deliver long term returns that will fund the philanthropic mission of the Mastercard Foundation and its partners in Africa and Canada.

We believe in the mission and values of the Mastercard Foundation and aim to cultivate an ecosystem of exceptional people, trusted partnerships, and long-term investments to achieve lasting impact. We value bold ideas, curiosity, and tenacity, as part of a nimble, creative, and meritocracy-based team.

ABOUT MASTERCARD FOUNDATION

Mastercard Foundation, one of the largest foundations in the world, works with visionary organizations to advance education and financial inclusion to enable young people in Africa and Indigenous youth in Canada to access dignified and fulfilling work. Established in 2006 through the generosity of Mastercard when it became a public company, the Mastercard Foundation is an independent organization separate from Mastercard. The Foundation has offices in Toronto, Kigali, Accra, Nairobi, Kampala, Lagos, Dakar, and Addis Ababa.

WHAT YOU’LL DO

We are seeking a highly motivated Investment Associate to join our investment team. This is a generalist role with exposure to a broad set of investment strategies across asset classes. You will play an integral role in supporting the diversification and management of the Foundation’s portfolio and work closely with senior members of the team to source, evaluate and manage relationships with external managers. You will have a generalist mindset and bring a strong interest in and understanding of capital markets, including traditional and alternative investment strategies.

• Support senior investment professionals in sourcing, screening, and underwriting new investment opportunities across investment strategies
• Conduct detailed qualitative and quantitative manager due diligence on investment managers, including analysis of investment strategy, portfolio positioning, historical performance, and risk characteristics
• Apply analytical frameworks to evaluate managers based on strategy, performance, organization, terms, underlying investments, and other key attributes
• Prepare clear and concise investment memos and recommendations for internal investment committee review
• Monitor existing manager relationships through regular performance reviews, update meetings, and ongoing research
• Contribute to the development of analytical tools and models used to analyze both public and private market portfolios
• Engage in broader portfolio construction and asset allocation discussions
• Represent MFAM with external investment managers and industry stakeholders

WHAT YOU’LL NEED

• 3–5 years of relevant experience in investment research or investment management with exposure to public and/or private market strategies. Experience at a general partner, asset manager, investment bank (including sales and trading), or in manager research at a foundation, endowment, pension fund, sovereign wealth fund or similar institution is a strong asset
• Undergraduate degree in finance or a related field
• Progress toward CFA, CAIA, or FRM designation
• Strong understanding of both traditional and alternative investment strategies, including public and private equity, fixed income, commodities, credit, hedge funds and trading oriented strategies
• Advanced proficiency in Microsoft Excel, Word, and PowerPoint
• Experience with analytical programming tools (e.g. Python)
• Exceptional analytical and organizational skills and strong attention to detail
• Ability to work independently and collaboratively in a performance-driven environment
• Strong communication skills, including business writing and presentation
• A willingness to travel for due diligence and manager engagement as required
• Alignment with the mission and values of MFAM and the Mastercard Foundation’s and high ethical standards
• Enthusiasm for being a key player in a start-up environment, embracing hands-on execution, contributing beyond assigned responsibilities, and adapting to evolving roles and expectations

WHY WORK AT MFAM

• Mission based organization that generates real value for the challenges the Foundation supports – improving lives
• Pay-for-performance environment that offers competitive salary and incentives
• Numerous opportunities to gain experience and develop a variety of skill sets in a growing organization that contributes to the mission of the Mastercard Foundation
• Comprehensive employer paid benefits coverage
• Retirement income through a Retirement Savings Program
• A flexible/hybrid work environment combining in office collaboration and remote working
• Competitive time-off policy
• Opportunity to apply your experiences to an environment where you can make an immediate impact on our team

We are guided by five core values:

1. Partnership: We achieve the best outcomes through mutual trust, thoughtfulness, and respect
2. Inclusion: We embrace diversity of thought, background, and experience
3. Communication: We learn and gain insight through open and honest communication
4. Performance: We are ambitious and results oriented
5. Innovation: We challenge the status quo and seek bold solutions

MFAM is an equal opportunity employer. We believe diversity is important and we take pride in ensuring that the people we hire and culture we create reflect and embrace diversity of thought, background, and experience. We value the unique skills and diverse experiences that each individual brings, and we are committed to creating and maintaining an inclusive and equitable workplace where talent is respected, accepted, and empowered to be themselves.

HOW TO APPLY

Are you ready to pursue a new challenge and take your career to the next level?

Please submit your resume and cover letter to [e-mail], quoting the position title and reference number in the subject line by June 26, 2025 . In the cover letter, tell us what you will bring to the team and why you are interested in the opportunity and the foundation’s mission.

This role is a hybrid position, with a requirement of at least three days onsite at our office in Toronto, Ontario.

Mastercard Foundation Asset Management values the unique skills and experiences each individual brings to the organization and we are committed to creating and maintaining an inclusive and accessible environment for everyone.

Completion of satisfactory business references and background checks are essential conditions of employment. If you require accommodation during the recruitment and selection process, please contact a member of MFAM at [e-mail]. We will work with you to provide a positive recruitment experience in a confidential manner.