Pender Credit Markets Intern - Summer Term (May - Aug 2026)

PenderFund Capital Management Ltd (“Pender”) is an independent, employee-owned, value-based investment firm founded in 2003. We are one of the fastest growing investment firms in Canada, and our goal is to be the first choice for investors looking to protect and grow their capital. We have grown from a couple of people with a passion for investing into a diverse and inclusive workplace of over 70 people by seeking out and hiring the most qualified, talented and experienced people.

We are seeking a Credit Markets Intern to assist in investment research activities for our Credit mandates. The Corporate Bond Fund invests in bonds, convertible bonds, loans, preferred shares and other credit-related instruments denominated in USD or CAD. The Bond Universe Fund invests in Canadian and US issued Investment Grade bonds denominated in CAD and has exposure to higher yielding credit through an allocation to Corporate Bond Fund units. The Pender Credit Opportunities Fund invests in stressed and distressed credit securities. The Credit Markets Intern will support the management team of these mandates. It is anticipated that a portion of this work term will occur remotely. The successful candidate will help identify and evaluate investment opportunities, assist in various compliance and reporting activities, as well as support the team in research tasks, and portfolio maintenance.

Responsibilities will include:

• Assist with the investment efforts for the Fund:
  • Research fundamental aspects of corporate bond issuers and write portions of proprietary research reports
  • Prepare and analyze portfolio reports related to the Corporate Bond Fund, Bond Universe Fund and the Credit Opportunities Fund
  • Participate in team meetings where investment decisions are made
  • Participate in research meetings involving interviews with issuer management and industry analysts
  • Take notes and report on meetings, quarterly earnings reports
  • Participate in operational activities involving post-trade settlement and record keeping
  • Participate in currency hedge operation

Core Competencies:

• Self-starting attitude; motivated and hardworking with the ability to prioritize, multitask and work within time constraints.
• Curiosity about how businesses work; resourceful and enjoy applying critical thinking
• Focus on details; complete tasks thoroughly and accurately
• Some knowledge of credit markets, debt and lending
• Team orientation and enjoy working in a fast‐paced environment.
• Strong communication, administrative and organizational skills

The successful candidate must have:

• Strong interest in investment management,
• Pursuing an undergraduate or graduate degree in a relevant field of study
• Excellent proficiency with MS Office and some familiarity with the Bloomberg terminal
• Excellent verbal and written communication skills.
• A strong work ethic and capacity
• Basic understanding of financial statements, and knowledge of factors that contribute to credit risk

What’s in it for you?

• On-the-job training with senior investment professionals
• Exposure to all workflows of an investment firm
• Approximately 16 weeks of detailed career-relevant experience

Our commitment to equity, diversity and inclusion: Pender is committed to creating and maintaining a workplace that recognizes and values differences.  It is a core principle at Pender that an equitable, diverse and inclusive workplace simply makes us better. A diverse team with a range of knowledge and experience makes better decisions, which means better results for our stakeholders. We do not discriminate on any basis and welcome applications from all qualified individuals. When selecting candidates for employment, promotion, training or any other benefits, it is on the basis of aptitude and ability. Should you require any accommodation or have questions, please let us know.