Senior Investment Analyst, Canadian Equities

Mackenzie Investments; Winnipeg; Hybrid; CAD 110,000 - 160,000; Full time

Benefits offered by this job

Competitive compensation & recognition

Employee benefits & insurance

Retirement savings programs

Work life balance

Inclusive culture and diversity

Job summary

Mackenzie Investments is seeking a Senior Investment Analyst to join the Canadian Equities team. You will develop differentiated investment theses, conduct bottom-up research and model outcomes to guide investment decisions.

The role emphasizes collaboration with portfolio managers, investment committees, and external stakeholders, with a hybrid work arrangement and strong focus on ESG factors.

Qualifications

• Bachelor-level degree in Business, Engineering or Computer Science; MBA is an asset.
• CFA charterholder or progress toward designation is a plus.
• Experience with AI/ML tools to assist research and analysis.
• Strong modelling and valuation capabilities (DCF, comps, SOTP).
• Excellent written and verbal communication; ability to present investment theses clearly.

Responsibilities

• Develop deep, differentiated investment theses for Canadian equities with rigorous fundamental analysis.
• Collaborate with Portfolio Managers and Investment Committee to communicate buy/sell ideas and sizing.
• Engage with company management, sell-side analysts, and industry contacts for on-ground insights.
• Help broaden coverage with scalable research processes and integrate ESG considerations.

Skills

AI/ML for research

Financial modelling

Strong written/verbal communication

Initiative & accountability

Teamwork & collaboration

Bloomberg / FactSet proficiency

Education

Undergraduate degree (Business, Engineering or Computer Science)

MBA (asset)

CFA progress toward designation

Tools

Bloomberg

FactSet

Job description

Referral Level: Level 1

Location: Toronto, Winnipeg

Mackenzie Investments

IGM Financial Inc. is a leading wealth and asset management company in Canada, managing approximately $310billion in 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 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.

We are seeking a Senior Investment Analyst to join our Canadian Equities team with primary coverage responsibility for Canadian sector coverage. Coverage will be determined based on the alignment with your experience and the needs of the team.

This is a high-impact role for an analyst who brings genuine intellectual curiosity, strong fundamental research skills, and the drive to generate sustained alpha through differentiated insight. You will work closely with the portfolio management team, contributing directly to investment decisions across our Canadian equity mandates.

What You'll Do

Research & Idea Generation

• Develop and maintain deep, differentiated investment theses across an assigned coverage universe within the Canadian equity market.
• Conduct rigorous bottom-up fundamental analysis, including financial modelling, valuation work, and scenario analysis.
• Leverage a broad set of analytical tools, alternative data, and proprietary frameworks to enhance the depth and originality of your research.
• Identify and monitor key variant perceptions, catalysts, and risk factors across your coverage universe.
• Produce well-structured, clearly written investment notes and recommendations for presentation to the portfolio management team and investment committee.

Portfolio Collaboration

• Partner closely with Portfolio Managers to communicate actionable buy, sell, and sizing recommendations with clear, well-reasoned conviction.
• Participate actively in investment committee discussions, contributing to debate on portfolio positioning and sector views.
• Support portfolio risk monitoring by tracking developments across holdings and providing timely updates on material changes.

External Engagement

• Build and maintain relationships with company management teams, sell-side analysts, and industry contacts.
• Attend industry conferences, company site visits, and earnings calls to develop on-the-ground perspective.

Process & Coverage Development

• Systematically broaden coverage through efficient research processes and scalable analytical frameworks.
• Contribute to the team's continuous improvement culture by sharing learnings, refining processes, and helping to raise the overall quality of research output.
• Integrate ESG factors and sustainability considerations into investment analysis in a manner consistent with the team's investment philosophy and client mandates.

What You Bring

Experience & Knowledge

• 5–7 years of equity research experience, with a predominant focus on the Canadian market.
• Demonstrated ability to generate high-conviction investment ideas backed by rigorous, original research.
• Deep familiarity with Canadian equity markets, industries, and the regulatory and macroeconomic environment.
• Experience covering the large Canadian sectors such as Financials, Materials and Energy is preferred.

Skills & Compendencies

• Comfort leveraging AI and machine learning tools to enhance research productivity — including large language models, natural language processing for document analysis, and AI-assisted data synthesis — while applying sound judgment to evaluate and validate outputs critically.
• Exceptional financial modelling and valuation skills (DCF, comparable company analysis, sum-of-the-parts, etc.).
• Strong written and verbal communication skills — able to distil complex analysis into clear, concise investment arguments.
• High degree of initiative, accountability, and the ability to manage multiple priorities in a fast-moving environment.
• Collaborative yet independent — you contribute openly to team debate while maintaining well-reasoned conviction in your views.
• Proficiency with research and analytical tools such as Bloomberg, FactSet, or equivalent platforms.

Education & Credentials

• Undergraduate degree in Business, Engineering or Computer Science or a related field; an MBA or other graduate degree is an asset.
• CFA charterholder or demonstrable progress toward the designation.

The expected annual base salary range for this role is $110,000 - $160, 000 which is determined based on skills, knowledge and experience. In 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.

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 off,WorkPerksdiscount 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).

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.

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 September 18 2026.