Be part of a new and growing asset management company
ABOUT MASTERCARD FOUNDATION ASSET MANAGEMENT
Established in 2023, the Mastercard Foundation Asset Management (MFAM) Corporation was created to build a diversified investment portfolio for the Mastercard Foundation, one of the largest private foundations in the world. MFAM is headquartered in Toronto, Canada. We have a global investment strategy and mandate to deliver returns that will fund the philanthropic mission of the Mastercard Foundation and its partners in Africa and Canada over the long term.
We believe in the mission and values of the Mastercard Foundation and aim to cultivate an ecosystem of exceptional people, trusted partnerships, and long-term investments to achieve lasting impact. We value bold ideas, curiosity, and tenacity, as part of nimble, creative, and meritocracy-based team.
ABOUT MASTERCARD FOUNDATION
Mastercard Foundation, one of the largest foundations in the world, works with visionary organizations to advance education and financial inclusion to enable young people in Africa and Indigenous youth in Canada to access dignified and fulfilling work. Established in 2006 through the generosity of Mastercard when it became a public company, the Mastercard Foundation is an independent organization separate from Mastercard. The Foundation has offices in Toronto, Kigali, Accra, Nairobi, Kampala, Lagos, Dakar, and Addis Ababa.
WHAT YOU’LL DO
We are seeking an investment professional to join our investment team and play an integral role supporting the diversification and investment of the Foundation’s portfolio. Based in Toronto, the successful candidate will be responsible for investment due diligence and portfolio management and monitoring across a wide range of asset classes with a focus on private markets, including private credit and private equity.
The successful candidate will have previous experience at a foundation, endowment, or pension fund evaluating new investment opportunities, conducting detailed financial modeling and in-depth quantitative and qualitative due diligence, and working in a team environment. They will have a strong interest in, and understanding of, capital markets, private credit, private equity, deal structuring, and relevant investment funds.
As an essential member of a highly integrated investment team, they will make substantial contributions to the group's efforts and decisions concerning private market investment strategies, manager selection, asset allocation and risk management, as well as operational initiatives. As part of this role, they will utilize analytical frameworks and develop unique analyses to assess private credit and private equity funds in terms of strategy, performance, organization, terms, underlying portfolio companies, and other key attributes. They will also assist in producing investment recommendations and due diligence reports to support investment decisions.
They will thrive in a team-based, entrepreneurial, and business building environment and take pride in being an equal team member contributing to a high performing investment portfolio supporting an impactful foundation.
WHAT YOU’LL NEED
- 3-5 years of relevant investment experience with a track record of success with a focus on private markets including credit.
- Undergraduate degree or advanced degree in a relevant field; progress towards CFA designation/CFA designation a plus
- Exceptional quantitative and analytical skills
- Excellent skills in Microsoft Excel, Word, and PowerPoint
- Keen attention to detail and focus while working both independently and in a team under tight deadlines
- Strong interpersonal skills to independently interact with peers and fund managers
- Demonstrated intellectual curiosity, integrity and initiative
- Outstanding organizational ability, process awareness and decision-making skills
- Collaborative team skills, as an excellent listener, learner, planner, and contributor
- Demonstrated command of verbal and written communication and strong business writing skills
- Willingness to travel as required.
- Unquestionable ethical standards
- Enthusiasm for being a key player in a start-up environment, embracing hands-on execution, contributing beyond assigned responsibilities, and adapting to evolving roles and expectations
- Alignment with the mission and values of MFAM and the Mastercard Foundation
WHY WORK AT MFAM
- Mission based organization that generates real value for the challenges the Foundation supports – improving lives
- Pay-for-performance environment that offers competitive salary and incentives
- Numerous opportunities to gain experience and develop a variety of skill sets in a growing organization that contributes to the mission of the Mastercard Foundation
- Comprehensive employer paid benefits coverage
- Retirement income through a Retirement Savings Program
- A flexible/hybrid work environment combining in office collaboration and remote working
- Competitive time-off policy
- Opportunity to apply your experiences to an environment where you can make an immediate impact as an architect for our organization
We are guided by five core values:
- Partnership: We achieve the best outcomes through mutual trust, thoughtfulness, and respect
- Inclusion: We embrace diversity of thought, background, and experience
- Communication: We learn and gain insight through open and honest communication
- Performance: We are ambitious and results oriented
- Innovation: We challenge the status quo and seek bold solutions
MFAM is an equal opportunity employer. We believe diversity is important and we take pride in ensuring that the people we hire and culture we create reflect and embrace diversity of thought, background, and experience. We value the unique skills and diverse experiences that each individual brings, and we are committed to creating and maintaining an inclusive and equitable workplace where talent is respected, accepted, and empowered to be themselves.
HOW TO APPLY
Are you ready to pursue a new challenge and take your career to the next level?
Please submit your resume and cover letter via LinkedIn by the deadline February 5, 2025. In the cover letter, tell us what you will bring to the team and why you are interested in the opportunity.
This role is a hybrid position, with a requirement of 3 days onsite at our office in Toronto, Ontario.
Mastercard Foundation Asset Management values the unique skills and experiences each individual brings to the organization and we are committed to creating and maintaining an inclusive and accessible environment for everyone.
Completion of satisfactory business references and background checks are essential conditions of employment. If you require accommodation during the recruitment and selection process, please contact a member of MFAM at talent@mfamc.org. We will work with you to provide a positive recruitment experience in a confidential manner.
