Senior Manager, Investment Product Governance and Oversight

Job Description

Referral Level: Level 2

The Opportunity

The Product & Solutions division at Mackenzie Investments is accepting applications for the role of Senior Manager, Investment Product Governance & Oversight.

This is an investment management and manager-research role responsible for evaluating investment strategies, Portfolio Manager outcomes, and product performance across Mackenzie's mutual fund, ETF, and broader investment-product shelf.

Working within the Product Strategy, Research & Oversight (PSRO) team, the Senior Manager will serve as an independent investment oversight authority across Mackenzie's product shelf. The role will evaluate whether products are delivering on their intended purpose, Product Promise, and expected client outcomes. The Senior Manager will assess the effectiveness and consistency of investment outcomes, identify risks and emerging concerns, and provide independent analysis and constructive challenge to support governance decisions. The role will also support the development and ongoing maintenance of Portfolio Guidelines, ensuring alignment with each product's mandate, NI 81-102 requirements, and applicable CIFSC category definitions. In addition, the Senior Manager will assess concentrations, gaps, overlaps, and commonality of outcomes across the product shelf, providing evidence-based recommendations to strengthen product oversight and improve client outcomes.

The successful candidate will combine strong investment and quantitative expertise with sound judgment and the ability to translate complex investment results into clear conclusions and recommendations. The role requires significant experience in asset management, manager research, investment analysis, portfolio analysis, investment risk and/or investment fund/product management, together with a strong understanding of investment philosophy and process, portfolio construction, performance attribution, capital markets, and investment risk.

The role will regularly support senior leadership and committee discussions relating to product outcomes, Portfolio Manager effectiveness, investment risk, and strategic product decisions.

This is an investment-focused role and requires professional experience evaluating investment funds, strategies, and/or Portfolio Managers. It is not a technology product-management, technology-governance, or data-governance role.

Investment Manager & Product Oversight

• Evaluate investment strategies, Portfolio Managers, and product outcomes against each product's objectives, Product Promise, risk profile, intended investment process, and expected client outcome.
• Analyze performance, attribution, risk, portfolio characteristics, holdings, benchmarks, peer groups, and other relevant quantitative and qualitative evidence.
• Assess the consistency of Portfolio Management decisions with stated investment philosophy, process, and portfolio construction frameworks.
• Distinguish temporary or market-driven outcomes from more fundamental changes in investment process, capability, positioning, or expected results.
• Track investment outcomes across varying market environments and time horizons to assess the durability and consistency of investment results.
• Identify material deviations or emerging concerns, investigate their causes and implications, and recommend monitoring, escalation, remediation, or other action where appropriate.
• Develop and maintain consistent evaluation standards, peer groups, benchmarks, performance measures, and monitoring methodologies across the product shelf.
• Support formal escalation and follow-up processes where product outcomes, manager actions and results, or portfolio characteristics warrant additional review.
• Provide clear, evidence-based analysis and recommendations to governance forums, Product & Solutions leaders, Investment Management, senior stakeholders, and committees.

Product Promise, Investment Portfolio Guidelines & Governance

• Develop and maintain Portfolio Guidelines / Investment Policy Statements that translate each Product Promise into clear investment objectives, parameters, expectations, and constraints.
• Maintain governance standards and oversight frameworks used to evaluate investment products across the shelf.
• Partner with Investment Management, Portfolio Management and Product & Solutions teams to ensure guidelines remain aligned with each product's intended purpose, investment proposition, and client outcome.
• Monitor adherence to Portfolio Guidelines, benchmark definitions, risk parameters, investment ranges, CIFSC categories, and other approved investment constraints.
• Assess proposed changes to objectives, benchmarks, investment mandates, risk parameters, portfolio construction approaches, and other material investment features.
• Review the implications of materials changes in investment personnel, team structures, investment process, portfolio management responsibilities, or sub-advisory arrangements.
• Bring manager-research and investment expertise to product reviews, governance discussions, and strategic product decisions, providing independent analysis and constructive challenge where needed.
• Build strong working relationships with Portfolio Managers and investment teams to maintain a current understanding of investment philosophy, process, portfolio construction, performance drivers, and emerging risks.

Shelf Risk & Strategic Research

• Evaluate the product shelf holistically for concentrations, gaps, overlaps, common exposures, and other sources of investment, product, or business risk.
• Analyze commonality across products, including investment exposures, performance drivers, portfolio characteristics, manager dependencies, and correlated outcomes.
• Assess key-person, team concentration, and manager dependency risks across the product shelf.
• Evaluate products relative to appropriate peer universes and competitive offerings to identify areas of differentiation, overlap, opportunity, or concern.
• Assess the shelf for breadth, differentiation, diversification, resilience, and emerging investment or market risks.
• Translate product- and manager-level findings into broader insights on the competitiveness, robustness, and risk profile of the overall shelf.
• Partner with Product Strategy & Research and other Product & Solutions teams to connect governance and oversight findings to shelf-management and product-strategy decisions.
• Monitor and assess the product and investment implications of regulatory changes (e.g., ESG disclosures, CSA policy shifts, NI 81-102 amendments) to proactively adjust guidelines and shelf positioning.

Qualifications

• 7+ years of relevant experience within asset management in manager research, investment consulting, investment research, portfolio analysis, investment performance, or investment fund/product management.
• Demonstrated experience evaluating investment funds, strategies, and/or Portfolio Managers across equity, fixed-income, multi-asset and alternatives, using performance, attribution, risk, portfolio characteristics, and qualitative investment-process analysis.
• Strong understanding of mutual funds, ETFs, and investment products operating within Canadian regulatory frameworks.
• Strong understanding of capital markets, investment philosophy and process, portfolio construction, performance measurement, attribution, and investment risk.
• Strong analytical judgment, with the ability to interpret complex quantitative and qualitative evidence and form clear, well-supported conclusions.
• Excellent written and verbal communication skills, including the ability to translate technical investment analysis into clear implications and recommendations for senior stakeholders.
• Ability to build productive relationships with Portfolio Managers, investment professionals, Product & Solutions teams, and senior stakeholders while maintaining independence of judgment.
• Familiarity with investment analytics and research platforms such as Morningstar Direct, FactSet, Bloomberg, eVestment, or similar tools.
• CFA designation strongly preferred; CIPM, CAIA, MBA, or similar advanced training is an asset.

Values and Personal Attributes

• Analytical, intellectually rigorous, and able to distinguish signal from noise.
• Curious and willing to investigate beyond the immediate performance result.
• Independent thinker with sound judgment and a willingness to constructively challenge assumptions.
• Objective and evidence-based, while recognizing where qualitative investment judgment is required.
• Able to connect detailed analysis to broader product, client, and business implications.
• Comfortable navigating ambiguity while making principled, risk-aware recommendations.
• Able to influence outcomes through credibility, evidence, and thoughtful challenge rather than formal authority.
• Clear, direct communicator who can build credibility with Portfolio Managers, investment professionals, and business partners.
• Possesses the professional courage, credibility, and diplomacy to constructively challenge senior investment professionals and advocate for the client's best interest.
• Proactive, accountable, and able to move from analysis to conclusions, recommendations, and action.
• Capable of working effectively and collaboratively across complex, multi-functional teams and within a matrix organizational structure.
• Collaborative, collegial, client-focused, and committed to the highest standards of integrity and fiduciary responsibility.

The expected annual base salary range for this role is $107,500 - $134,500 which is determined based on skills, knowledge and experience and geographic location. 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.

How to Apply: Interested candidates are invited to submit their resume and a cover letter detailing their qualifications and experience to https://www.mackenzieinvestments.com/en/careers.

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 October 6 2026.

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