Careers

Associate, Investments

Posted May 5, 2026

LOCATION: Toronto, Ontario, Canada

TYPE: In office (3-4 days per week)

VACANCY: New position

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 public foundations in the world. MFAM is headquartered in Toronto, Canada. We have a global investment strategy and mandate to deliver long term returns that will fund the philanthropic mission of the Mastercard Foundation and its partners in Africa and Canada.

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.

WHO YOU’LL WORK WITH

You will report to the Director, Investments and will also build and maintain relationships with teams across MFAM, the Mastercard Foundation and external asset managers. As a member of the team, you will have opportunities to grow and develop, and create meaningful value and lasting impact through the Mastercard Foundation.

WHAT YOU’LL DO

This is a unique opportunity to work in a lean and collaborative team that is building a world-class investment organization with global impact. You will gain exposure to investment strategies across asset classes and geographies within a mission-driven institutional platform, and play an active role across the full investment lifecycle.

Accountabilities include:

• Contribute across the full investment lifecycle by supporting due diligence, underwriting, and ongoing portfolio monitoring
• Evaluate prospective investments, identify key risks and perform financial analysis at both the fund and portfolio level
• Synthesize complex data, patterns and findings into clear, actionable insights to direct due diligence work streams and support Investment Committee and Board recommendations
• Prepare for and participate in manager meetings, including developing diligence questions, assessing investment strategies and team dynamics, and synthesizing takeaways to inform underwriting
• Take ownership of core components of the investment process, including leading select due diligence workstreams, monitoring existing investments and collaborating with the investment team to assess opportunities across asset classes
• Communicate effectively with internal stakeholders and contribute to a collaborative team environment

WHAT YOU’LL NEED

• 3–5 years of relevant experience, including 2+ years in fund investment, investment banking, direct investing or similar 
• Undergraduate degree required; progress towards CFA designation or advanced degree is a plus
• Exposure to private equity, venture, and/or private credit is a plus
• Familiarity with programming or data analysis tools (e.g., Python, R) is a plus
• Strong analytical and financial analysis and modeling skills; adept at Excel 
• Ability to synthesize information quickly and demonstrate strong clarity of thought 
• Excellent written and verbal communication skills 
• Ability to deliver against tight timelines, while managing competing priorities
• 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
• Ability to travel internationally

WHY WORK AT MFAM

• Mission-driven organization supporting impact across Africa and Indigenous communities in Canada and 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
• Pay-for-performance environment that offers competitive salary and incentive compensation (hiring range: $154,000-$189,000 CAD, inclusive of base and target incentive)
• Comprehensive employer-paid benefits
• Retirement income through a Retirement Savings Program
• Competitive time-off policy

We are guided by five core values:

1. Partnership: We achieve the best outcomes through mutual trust, thoughtfulness, and respect
2. Inclusion: We embrace diversity of thought, background, and experience.
3. Communication: We learn and gain insight through open and honest communication
4. Performance: We are ambitious and results oriented
5. Innovation: We challenge the status quo and seek bold solutions

MFAM provides a hiring range that reflects the expected compensation for this role. Final offers are determined based on skills, experience, and internal equity.

MFAM does not use AI technology in screening, evaluating, or selecting candidates.

This posting reflects a new vacancy.

HOW TO APPLY

Please submit your application to https://www.linkedin.com/jobs/view/4406207993/

Deadline for Applications is Friday May 8th.

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.

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.