Unfortunately, you’re iMac does not meet the minimum qualifications for using an external GPU. Here is a link to the Apple Support Document that outlines the requirements,
https://support.apple.com/en-us/HT208544
The long and short of is it the GPU your iMac came with is soldered to the Logic Board and can’t be upgraded. Your iMac has Thunderbolt 2 ports for connecting to an external peripherals. As the support document states, Macs must have Thunderbolt 3 ports and controllers in order to recognize eGPU’s. While adapters exist to convert Thunderbolt 2 computers to Thunderbolt 3 devices, your iMac does not have the necessary hardware and firmware to recognize and utilize an eGPU. Sorry.
You may want to talk to the support people at OWC about upgrading your Ram (memory) and startup Hard Drive. Both of these upgrades can speed up your computer significantly. This may be sufficient to do the video editing you want to do. Good luck.