Investment Analyst, Fixed Income

Role overview

Empire Life is seeking an Investment Analyst to support its Fixed Income team in Toronto. This position contributes to the active oversight of fixed income portfolios across institutional and retail mandates, with a main focus on Canadian investment-grade credit, government securities, and interest rates. The team works across several asset classes, including public bonds, private debt placements, commercial mortgages, preferred shares, money market instruments, and external alternative funds. You will work under the direction of a senior fixed income team member and operate toward clearly defined objectives.

Why this opportunity stands out

• Take on a meaningful role where your work directly supports the business unit.
• Bring new ideas to the table; creative thinking and constructive challenge are encouraged.
• Build both technical and functional expertise while expanding your investment knowledge.

What you will do

• Gather and review industry, company, and economic data from websites, institutional research, corporate reports, investor materials, industry publications, and credit agency publications.
• Study company financial information using annual reports, quarterly filings, and investor presentations.
• Support the selection of assets by evaluating individual opportunities and their impact on portfolio performance.
• Help prepare internal investment recommendations and supporting memos.
• Coordinate settlement activities with the Investment Administration team.
• Assist with managing fixed income holdings such as public bonds, preferred shares, and money market instruments.
• Track compliance with loan covenants and internal credit ratings through periodic reviews of issuer performance and covenant adherence.
• Build and maintain screens in tools such as Bloomberg to identify possible investment ideas from company databases.
• Organize information and data to create and maintain spreadsheet models for valuation and monitoring.
• Keep portfolio statistics up to date, including exposures, company details, and valuation measures.
• Support the preparation of portfolio performance reports.
• Participate actively in investment team strategic discussions.
• Carry out other related duties as needed.

What the employer is looking for

• 1 to 3 years of experience in investment research, especially fixed income analysis such as public bonds, gained in commercial banking, corporate banking, investment banking, life insurance, debt capital markets, or with an investment manager.
• Solid understanding of credit fundamentals and capital markets, along with strong intellectual curiosity.
• Ability to explain complex ideas clearly and precisely.
• A university degree with coursework in finance, economics, mathematics, statistics, or quantitative methods.
• CFA designation completed or in progress.
• Strong numerical ability.
• Advanced Excel skills, including VBA, plus proficiency in Word and PowerPoint; Python programming experience is an advantage.
• Bloomberg experience is considered an asset.
• Strong research and financial modelling capabilities.
• Clear written and spoken communication skills.
• Excellent attention to detail and accuracy.
• Ability to perform well under tight deadlines and shifting priorities.
• For roles open to applicants across Canada, English fluency is required for communication with customers, advisors, or employees across Canada unless otherwise specified.

Compensation and benefits

This is a regular full-time role. The compensation details are not specified in the posting. Empire Life offers a broad total rewards package for regular full-time employees, including competitive salaries with annual increases, an annual bonus program for non-sales roles, and uncapped commission for sales positions.

• Employer-funded benefits from day one, including life insurance, disability coverage, health and dental benefits, and a health account.
• Flexible work arrangements and an annual allocation of personal health days.
• Four weeks of vacation starting from the hire date.
• Defined contribution pension plan with generous employer matching.
• Top-up programs for parental leave and compassionate leave.
• Wellness and recognition programs sponsored by the employer.
• Employee referral cash program.

About the employer

Empire Life is an equal opportunity employer committed to diversity and inclusion. Candidates from all backgrounds are encouraged to apply, even if they do not meet every qualification listed. Applications are assessed without discrimination based on race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, or age. Accommodation is available upon request for candidates taking part in any stage of the screening and selection process. An alternative format of the posting and accessibility support can be requested by contacting recruitment@empire.ca.