Associate Portfolio Manager, Credit Investing at Purpose Unlimited | CA | Rezi

Associate Portfolio Manager, Credit Investing at Purpose Unlimited

Associate Portfolio Manager, Credit Investing

Purpose Unlimited · CA

4 weeks ago

Associate Portfolio Manager, Credit Investing

Purpose Unlimited · CA

a month ago
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About the Role

Join the credit investment team at a pivotal time as high yield and opportunistic credit markets evolve through data, technology, and AI-driven processes. This is a high-conviction investment role where you will own positions, contribute to capital allocation, and utilize AI tools to generate alpha while managing downside risk.

Responsibilities

  • Develop and defend differentiated credit theses with clear catalysts and risk/reward frameworks
  • Exercise judgment at the intersection of data and uncertainty in stressed and distressed situations
  • Build issuer relationships to surface information early
  • Challenge AI-generated outputs when credit analysis diverges from the model
  • Translate macro developments into actionable conviction in a high-conviction portfolio
  • Source and develop opportunities across high yield bonds, leveraged loans, and stressed credit
  • Own select positions end-to-end including underwriting, monitoring, and exit decisions
  • Lead fundamental issuer analysis using AI-assisted modelling
  • Evaluate capital structures, covenant protections, and recovery scenarios
  • Stress-test models across base, downside, and tail-risk cases
  • Contribute to sizing, diversification, and risk-budgeting decisions
  • Participate in entry, exit, and rebalancing decisions
  • Maintain views on credit markets, spreads, and liquidity
  • Direct AI tools to synthesize sector dynamics, issuer data, and macro signals
  • Identify dislocations and thematic opportunities

Requirements

  • 4–8 years in credit investing, leveraged finance, or investment banking
  • Clear track record of analytical ownership
  • Deep fluency in high yield bonds, leveraged loans, and credit markets
  • Demonstrated capacity to build and stress-test financial models
  • Proven judgment under uncertainty
  • Legally entitled to work in Canada

Skills

  • Credit analysis
  • Financial modelling
  • AI-augmented research
  • Risk assessment
  • Capital allocation
  • High yield bond analysis
  • Leveraged loan analysis
  • Stressed credit analysis
  • Communication

Work Type

  • Full-time
  • Hybrid

Experience Level

  • 4–8 years

Education Level

  • CFA charter holder or meaningful progress toward it

Salary/Compensations

  • $135,000 - $165,000

Benefits

  • Equity program
  • Comprehensive group health and dental benefits
  • Life insurance
  • Lifestyle Spending Account
  • Flexible paid time-off policy
  • Paid parental leave with top-up
  • Group RRSP matching
  • Optional TFSA program
  • Training opportunities and tuition support

About the Company

  • Purpose Unlimited is an independent financial services company focused on customer-centric innovation.
  • Purpose Investments is an innovation-driven asset management company with over $20 billion under management.
  • Recognized as one of Canada's Top Small & Medium Employers in 2023 and 2024.

Equal Opportunity

  • Purpose Unlimited is an equal opportunity employer dedicated to fostering an inclusive and barrier-free work environment.