Careers

Co-op, Operational Due Diligence Analyst

Posted April 9, 2026

POSITION: Co-op, Operational Due Diligence Analyst

ORGANIZATION: Mastercard Foundation Asset Management

LOCATION: Toronto, Ontario, Canada

TYPE: 4 days onsite per week

VACANCY: New fixed-term summer position (4 months)

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 Senior Manager, Operational Due Diligence (ODD) and will build and maintain relationships with teams across MFAM, the Mastercard Foundation, external consultants and vendors. 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 be involved in starting up a world-class organization that will have global impact. Through structuring data, maintaining key ODD outputs, and using AI tools to streamline analysis and documentation, you will play a central role in helping the team assess risks and scale the ODD function.  

Key accountabilities include:

• Prepare and structure ODD materials for new deal – Gather, organize, and extract key information from fund materials (e.g. due diligence questionnaires) and consultant reports and populate standard ODD templates and draft outputs
• Build and maintain fund manager operating profiles – Update structured manager profiles (pre- and post-onsite), capturing key facts on strategy, structure, governance, operations, and service providers
• Support implementation of the ODD monitoring framework including financial statement reviews – Maintain the monitoring tracker, populate watch items and triggers, and support structured review of financial statements and other monitoring inputs to identify changes or issues for escalation
• Support AI-enabled workflows and data structuring
  Use AI tools to structure notes, extract and maintain key information, and draft initial outputs, while helping standardize templates and data capture across deals

WHAT YOU’LL NEED

• Second or third year undergraduate student pursuing a degree in Finance, Business, or a related field
• Basic understanding of business, finance, or accounting concepts
• Interest in investments, asset management and related operational processes
• Comfortable using Excel, Word, PowerPoint, AI tools such as ChatGPT and open to learning and leveraging AI tools in greater depth
• Strong attention to detail and ability to organize information clearly and consistently
• Professional and reliable, with the ability to meet deadlines and communicate clearly
• Able to manage multiple tasks and follow through on assignments independently
• Strong written communication skills (clear, simple, well-structured)
• Curious and willing to ask questions when something is unclear
• 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-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
• Competitive salary (hiring range: $60,000 to $65,000 CAD)

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.

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.