Associate, Investment Manager Research

Work Location:

Toronto, Ontario, Canada

Hours:

37.5 Line of Business: TD Wealth Pay Details: $81,600 - $115,200 CAD TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience  compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role.

The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

The Investment Manager Research (IMR) team is responsible for the research, selection, and ongoing oversight of investment strategies available across TD Wealth. The team maintains Preferred Lists covering mutual funds, ETFs, separately managed accounts (SMAs), and other managed investment solutions, and provides research insights, due diligence, and thought leadership to internal stakeholders.

The Senior Investment Research Analyst will contribute to the research, monitoring, and evaluation of active and passive investment strategies. The role will support investment recommendations, due diligence reviews, Preferred List oversight, and the ongoing monitoring of asset managers, investment products, and industry developments. The role spans multiple investment vehicles, including mutual funds, ETFs, and separately managed accounts (SMAs).

Other responsibilities include:

• Conduct due diligence and ongoing monitoring of assigned investment strategies, managers and products.
• Evaluate investment philosophy, process, people, performance and fees when assessing portfolio managers and investment solutions.
• Analyze portfolio characteristics, risk exposures, implementation considerations, and benchmark-relative performance.
• Assess ETF structures, index methodologies, portfolio construction, liquidity, trading considerations, and implementation efficiency.
• Monitor material developments, including team changes, process evolution, mandate changes, portfolio risks, and industry trends.
• Develop independent investment views and contribute to Preferred List recommendations.
• Prepare investment proposals, due diligence reports, advisor and stakeholder communications, and other research materials.
• Maintain complete, accurate and audit-ready research documentation.
• Participate in meetings with asset managers, ETF issuers, index providers, and other industry participants.
• Contribute to thought leadership, advisor support initiatives and broader team projects.

• University degree in finance, economics, business, or a related discipline.
• Three to five years of experience in investment research, asset management, investment consulting, capital markets, or a related field.
• Progress toward the CFA designation is preferred.
• Knowledge of investment products, portfolio construction and capital markets.
• Demonstrated interest in and understanding of both active and passive investment approaches.
• Strong analytical, research and critical-thinking skills.
• Ability to evaluate investment strategies using both qualitative and quantitative evidence, rather than relying primarily on recent performance.
• Strong written and verbal communication skills.
• Strong organizational skills and attention to detail.
• Experience with Bloomberg, Fact Set, Morningstar Direct or similar research platforms is an asset.

What Success Looks Like Successful candidates will:

• Form independent and defensible investment views.
• Distinguish between market-driven outcomes and manager skill.
• Identify material portfolio risks, style biases and changing investment characteristics.
• Translate complex investment concepts into clear and practical recommendations.
• Contribute to sound Preferred List decisions through disciplined, evidence-based research and ongoing monitoring.
• Produce well-supported recommendations suitable for governance, audit, and stakeholder review.

Experience evaluating investment managers, mutual funds, ETFs, separately managed accounts, or institutional investment strategies. Understanding of manager research frameworks and portfolio analysis. Knowledge of ETF structures, index construction and passive investing.…