AddressClosing date: February 2, 2023
Use your research and analytical skillsets combined with your curiosity in a fast-growing company where you can have an impact. British Columbia Investment Management Corporation (BCI) is currently seeking an Investment Risk co-op/intern for the Summer 2023 work term (May to August) to support our Investment Risk Modeling and Public Markets Risk team.
WHAT YOU NEED TO KNOW
BCI manages a globally diversified portfolio of assets valued at $211.1 billion and is one of Canada’s largest institutional investors. We invest globally to support pension and other funds for more than 30 clients based in British Columbia. We are proud to have been chosen as one of
Canada’s Top 100 Employers
and BC’s Top Employers
. These national and provincial competitions recognize employers who offer exceptional workplaces for their employees.The Investment Risk Intern/Co-op will work within our Investment Strategy & Risk department. This is a fantastic opportunity to apply your knowledge to support the development and management of investment risks in Equities, Fixed Income, FX and Derivatives markets.
WHO YOU WILL WORK WITH
You will work with the Investment Risk Modelling and Public Markets Risk Management group within the Investment Strategy & Risk department. The Investment Strategy & Risk (ISR) department plays a key role in BCI’s long-term investment strategy by influencing and advising on investment decisions made by clients, management and asset classes. ISR consists of three branches: Investment Strategy, Strategic Asset Allocation and Investment Risk.
- Investment Strategy includes the maintenance of a framework for understanding and estimating variable risk premiums over relevant time periods, research of relevant macro-economic issues including assessment of the current business cycle dynamics and research of emerging economic or financial trends, opportunities and risks, all at an asset class and total fund level.
- The Strategic Asset Allocation branch assists clients with developing tailored investment policies that achieve their investment objectives consistent with their investment philosophies, funding policies and risk tolerances.
- Investment Risk includes the maintenance of systems for monitoring, measuring and estimating various forms of relevant investment risks across the various asset classes that BCI currently invests or may invest in and aggregating that risk at a total fund level.
WHAT YOU WILL BE DOING
- Supports the monitoring of day-to-day operations regarding market and counterparty risks
- Assists in the risk management oversight of the public markets asset class by preparing relevant reports, analysis, and tools to measure the risks
- Takes part in developing risk-reporting templates
- Participates in documenting manuals, procedures, and directives
- Ad-hoc projects in VBA, Python and/or Matlab
REQUIRED SKILLS
- University Degree with courses offering strong foundations in financial risk management and investment management.
- A fundamental knowledge of basic business and investment related disciplines is essential
- Ability to communicate clearly and concisely, both orally and in writing
- Exhibit a high level of professionalism and excellent interpersonal skills
- Strong relationship-building ability, proactive, results oriented, and resourceful
- Ability to meet deadlines by delivering with excellent product quality and attention to detail
- Have a passion for investment management, a dedication to hard work, commitment to the highest ethical standards, and an eagerness to learn
- Analytical and problem-solving abilities
- Sound working knowledge of Excel
- Familiarity with Python, Bloomberg, SQL, MatLab and/or VBA would be an asset
WHAT WE OFFER
- Excellent career development and training by helping the candidate to understand the tools, data and methodologies applied within the fund management industry to manage their exposure to investment risks
- Work with a dynamic team in a fast-paced environment
- The development of real-world skills at one of the largest institutional investors in Canada
- Exposure to some of the most talented, approachable, and inspiring people in the industry
- Time to connect with co-op students & interns at BCI – build your network and shared learning
- Two paid days for volunteering per year
THE DETAILS
- Work term: 4 months (May to August)
- Department: Investment Strategy & Risk
- Office Location: 750 Pandora Avenue, Victoria, BC
- Travel: if coming to Victoria for this work term, BCI will provide a fixed-rate travel allowance based on your location
- All co-ops/internships will need to be completed in person at our Victoria office. We are piloting a hybrid program whereby employees may work from home up to two days per week. Please note, some positions are not eligible for hybrid work.
HOW TO APPLY
- Apply directly to Investment Risk Modelling Co-op/Internship (Summer 2023) posting on our careers page:https://bci.wd10.myworkdayjobs.com/BCI_Careers
- Application deadline: February 2, 2023
- Please include a cover letter, resume, and transcripts (unofficial transcript will suffice)
- Note: The ability to legally work full-time in Canada for the duration of your work term is a condition of employment at BCI
*** BCI has previously enacted a mandatory COVID-19 vaccination policy to safeguard the wellbeing of all employees. This policy is currently suspended and may be reinstated based on level of risk to BCI employees or Provincial Health Order requirements.
