Investment Analyst, Fixed Income & Credit Strategies, Burgundy Asset Management
BMO · Toronto, Canada · 1d ago
Application Deadline:
Address:
181 Bay StreetJob Family Group:
POSITION OVERVIEW
Organization: Burgundy Asset Management Ltd
Title: Investment Analyst
Reports to: Portfolio Manager of Fixed Income & Credit Strategies
Location: In person/on-site at 181 Bay Street, Suite 4510, Toronto, ON, M5J 2T3
POSITION SUMMARY
We are seeking a highly motivated and detail-oriented Fixed Income & Credit Investment Analyst to join Burgundy’s investment team. The successful candidate will play a key role in identifying, analyzing, and monitoring high-quality investment opportunities consistent with the firm’s long-term investment philosophy.
This role is well suited for an intellectually curious, highly analytical individual who enjoys deep fundamental research and values independent thinking. The analyst will work closely with the Portfolio Manager and other members of the investment team and will have meaningful responsibility and visibility within the investment process.
KEY RESPONSIBILITIES
· Conduct fundamental and quantitative research on fixed income securities – primarily investment grade and high yield corporate bonds but may also include government bonds, municipal debt, structured credit products, convertible bonds, preferred shares, and hybrid securities.
· Monitor credit quality, interest rate movements, economic indicators, and sector or industry trends to evaluate investment risks and opportunities.
· Develop and maintain financial models and analyze covenants and legal documentation to support investment decisions.
· Prepare and deliver investment recommendations, market commentary, and research reports to portfolio managers, senior leadership and relationship managers.
· Support portfolio construction and risk management processes, including duration analysis, yield curve positioning, and credit exposure assessment.
· Track the performance of fixed income portfolios relative to benchmarks and identify key drivers of performance.
· Stay up to date with regulatory developments, macroeconomic events, and market conditions that affect fixed income markets.
· Collaborate with traders, portfolio managers, and other analysts; contribute to internal investment discussions and debates, bringing independent perspectives and thoughtful challenge.
· Uphold Burgundy’s high standards for intellectual rigor and integrity.
WHAT WE’RE LOOKING FOR
· 4+ years of prior professional experience in investment research, preferably fixed income & credit, though equity research will also be considered.
· Strong understanding of fixed income instruments, credit markets, and valuation methodologies.
· Demonstrated passion for investing and a genuine interest in understanding businesses.
· Intellectual curiosity and confidence to challenge consensus views with well-supported analysis.
· Excellent analytical and problem-solving skills, solid financial and business acumen, and meticulous attention to detail.
· Effective written and verbal communication and presentation abilities, with the capacity to clearly articulate complex ideas.
· Ability to work independently as well as collaboratively in a fast-paced, team-oriented environment.
· Sound judgment, integrity, and alignment with a long-term, owner-oriented investment mindset.
THE FIXED INCOME & CREDIT TEAM
The Fixed Income Team at Burgundy manages four distinct funds:
· The Bond Fund – Established in May 1999, this fund focuses on government and investment grade bonds.
· The Strategic Credit Fund – Launched in August 2005, this fund invests in both investment grade and high-yield bonds.
· The Investment Grade Credit Fund – Created in January 2018, this fund is dedicated exclusively to investment grade bonds.
· A dedicated High Yield Credit Fund – Specializes in high-yield bonds.
WHY BURGUNDY
· Work in a high-conviction culture where rigorous analysis and independent thinking are central to the investment process.
· Take ownership and have a real impact with research informing portfolio decisions.
· Develop as an investor over the long term, with access to experienced professionals and a culture committed to mentorship, learning, and professional growth.
· Engage with businesses and management teams directly, building a stronger understanding of what drives sustainable performance.
· Competitive compensation and benefits package.
· Opportunities for professional growth and advancement.
HIRING PROCESS TIMELINE
Your application package should include:
- Resume
- Cover Letter; included at the bottom of your cover letter, please answer the following question in 250 words or less (please do not use AI): What has been your biggest investment mistake, and what did you learn from it?
Interviews will be conducted in November and December 2026.
We thank all applicants for their interest; however, only those selected for an interview will be contacted.
ABOUT BURGUNDY ASSET MANAGEMENT LTD
Burgundy Asset Management Ltd is a global investment manager providing discretionary investment management for private clients and institutions. Founded in 1990, we invest with a long-term, fundamental approach – building concentrated portfolios of high-quality businesses to protect and compound clients’ capital over time. Our culture is grounded in honesty, courage, and doing what is right for our clients – and we look for candidates who share these values.
Burgundy Asset Management is a division of BMO Financial Group. Within BMO Wealth Management, Burgundy functions as an independent line of business.
Salary:
Pay Type:
The above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmo.com/ca/en.
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.