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

2 weeks ago

Associate Portfolio Manager, Credit Investing

Purpose Unlimited · CA

17 days ago
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About the Role

Purpose Investments is seeking an individual to generate alpha through differentiated credit insight while protecting downside risk, leveraging AI as an edge. This is a true investing role where you will own positions, contribute to capital allocation, and utilize advanced tools and data infrastructure to outperform the market.

Responsibilities

  • Develop and defend differentiated credit theses with clear catalysts and risk/reward frameworks.
  • Exercise judgment at the intersection of data and uncertainty, particularly in stressed and distressed situations.
  • Build genuine issuer relationships that surface information before it reaches the market.
  • Challenge AI-generated outputs when your read of the credit diverges from the model.
  • Translate macro developments into actionable conviction in a high-conviction portfolio.
  • Source and develop high-conviction opportunities across high yield bonds, leveraged loans, and stressed credit.
  • Own select positions end-to-end: underwriting, monitoring, and exit decisions.
  • Lead fundamental issuer analysis using AI-assisted modeling as a starting point.
  • Evaluate capital structures, covenant protections, and recovery scenarios with depth.
  • Stress-test models across base, downside, and tail-risk cases.
  • Assess liquidity and default probability with rigor.
  • Actively contribute to sizing, diversification, and risk-budgeting decisions.
  • Participate in entry, exit, and rebalancing decisions as an accountable contributor.
  • Develop and 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 before they are consensus.

Requirements

  • 4–8 years in credit investing, leveraged finance, or investment banking with a 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 with conviction.
  • Judgment under uncertainty; experience making and defending investment calls.
  • Ongoing curiosity to improve and learn new skillsets.
  • Experience directing AI tools to accelerate workflow without outsourcing thinking.
  • Comfort operating at the intersection of fundamental credit analysis and data-driven signal.
  • A track record of identifying ideas early.
  • Strong communication skills – clarity and confidence in writing and speaking.
  • Must be legally entitled to work in Canada.
  • Immigration sponsorship is not offered for this role.

Skills

  • Credit investing
  • Leveraged finance
  • Investment banking
  • Analytical ownership
  • High yield bonds
  • Leveraged loans
  • Credit markets
  • Financial modeling
  • Judgment under uncertainty
  • AI tools
  • Fundamental credit analysis
  • Data-driven signal
  • Communication

Location

  • Canada

Work Type

  • Hybrid
  • Full-time

Experience Level

  • 4-8 years

Education Level

  • CFA charter holder or meaningful progress toward it

Salary/Compensations

  • $135,000 - $165,000

Benefits

  • Competitive compensation including equity program
  • Comprehensive group health and dental benefits
  • Life insurance
  • Lifestyle Spending Account
  • Flexible paid time-off policy with unlimited vacation days
  • Flexible sick and mental health days
  • Paid parental leave for eligible employees with a top-up
  • Generous Group RRSP matching
  • Optional TFSA program
  • Training opportunities
  • Tuition support

About the Company

  • Purpose Unlimited is an independent financial services company focused on customer-centric innovation through technology-driven solutions.
  • The company is developing a diversified product platform aimed at addressing historically underserved market segments.
  • Purpose Unlimited’s businesses include Purpose Investments, Advisor Solutions by Purpose, and Driven.
  • Purpose Investments is an innovation-driven asset management company with over $20 billion under management.
  • Purpose Investments aims to make investing simple, intuitive, and affordable for everyone.
  • Recognized as one of Canada's Top Small & Medium Employers for multiple consecutive years.
  • Values entrepreneurialism, innovation, and a people-first approach.

Equal Opportunity

  • Purpose Unlimited is an equal opportunity employer and is dedicated to fostering an inclusive and barrier-free work environment for all employees and candidates.
  • Encourages all qualified candidates to apply.
  • Accommodation is available during any stage of the recruitment process upon request.