Associate Portfolio Manager, Public Credit

At IMCO, our talent is among the best! IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career. Our culture is built on collaboration and passion, with a shared commitment to delivering lasting value to the clients we serve. Located in downtown Toronto, our vision is to be the partner of choice for Ontario’s public sector funds and to build a high-performing, value-driven asset management firm.

This job posting is for an existing vacancy. If you are ready to deliver best-in-class service and join a collaborative, motivated and fun team of professionals, IMCO offers the opportunity to do impactful work and broaden your expertise. If you’re looking to use your expertise to drive strategic outcomes, we’d love to hear from you. ‎ IMCO’s actively managed Global Credit strategy (~$10.1B AUM) delivers higher risk-adjusted returns through a unified approach to credit investing, integrating public and private credit within a single, globally diversified portfolio.

The strategy adopts a holistic approach to portfolio construction, allocating across public credit segments, including investment grade, high yield, leveraged loans, and structured credit, alongside private credit segments to capture relative value opportunities, enhance diversification, and optimize liquidity and return outcomes across market cycles. Our collaborative culture and value-add approach to strategic partnerships makes us a preferred partner to some of the largest investors in the world.

We have a targeted strategy to grow our highly diversified Global Credit portfolio and are looking for a highly motivated Associate Portfolio Manager to join our Global Credit team with a focus on public credit! The Associate Portfolio Manager, Public Credit will play a key role in managing IMCO’s externally managed Public Credit portfolio, with responsibilities spanning manager selection and due diligence, portfolio strategy and construction, and ongoing monitoring and oversight.

The role combines rigorous investment analysis with active portfolio management, while also contributing to ongoing initiatives to enhance the Global Credit platform and target operating model, including the implementation of investment systems and processes and the development of advanced analytics and AI capabilities to improve portfolio insights and support investment decision-making. As a Member of Our Global Credit Team, You Will Contribute Across Three Core Areas: Manager Selection & Oversight, Portfolio Management and Strategy, and Platform Enhancement: Provide analytical and portfolio management support to the Managing Director in overseeing externally managed public credit portfolios on a day-to-day basis, including ad hoc analysis and strategic initiatives.

Source, screen, and conduct due diligence on external public credit managers across strategies (e.g., investment grade, high yield, loans and structured credit), utilizing data platforms and AI-enabled tools to analyze performance, identify risks, and support manager screening and ongoing evaluation. Lead and support the preparation of investment recommendations, including drafting investment memos and presentations for internal Investment Committee approval.

Assist in structuring and negotiating investment mandates, guidelines, and negotiating fee arrangements with external managers in collaboration with risk, legal and other internal teams. Conduct ongoing monitoring of external managers, including performance attribution, risk exposures, style drift, and adherence to investment guidelines; leverage AI to enhance efficiency in analysis, identify performance and risk trends, and support the development of portfolio-level reporting and insights for senior management.

Lead or contribute to initiatives within Global Credit to enhance portfolio management infrastructure through the application of AI an