Liquidity and Counterparty Risk Co-op/Internship (Fall 2023 and/or Winter 2024) [Canada]

 

Closing date: June 1, 2023

Use your research and analytical skills in a fast-growing company where you can have an impact. The British Columbia Investment Management Corporation (BCI) is currently seeking an Investment Risk co-op student/intern for the Fall 2023 and/or Winter 2024 work term (September to December 2023 or April 2024) to provide analytics support across various forms of relevant investment risks.

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 Strategy & Risk (ISR) department plays a key role in setting, implementing, and monitoring the long-term strategies of BCI’s clients. This is accomplished by working with clients, management and asset classes to define the optimal path to achieve clients’ outcomes, and enabling BCI’s investment structures and processes necessary to fulfill these outcomes. ISR consists of three branches: Strategic Asset Allocation, Total Fund Management, and Investment Risk.

Strategic Asset Allocation assists clients with developing tailored investment policies that achieve investment objectives consistent with their investment philosophies, funding policies and risk tolerances. This team also conducts research and models relevant macroeconomic 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.

Total Fund Management is responsible for implementing a suite of total portfolio solutions such as rebalancing and for setting pool, asset class, and total fund measures of success, including benchmarks and performance objectives.

Investment Risk focuses on the measurement and management of the asset class, total portfolio, and client investment risks. This team also advises clients on appropriate investment strategies based on their risks and tolerances for those risks.

This is a great opportunity for you to learn and apply your knowledge through supporting the development of new liquidity risk measures, helping enhance the leverage monitoring framework, and assisting in streamlining and automating counterparty risk related processes.

WHO YOU WILL WORK WITH

The co-op will report to the Senior Associate, Investment Risk Modelling and have the opportunity to work with different teams across the Investment Strategy & Risk department. This team sits in the Investment Risk branch.

WHAT YOU WILL BE DOING

• Contribute to the identification, and monitoring of counterparty risks across asset classes
• Assist in automating and streamlining existing processes
• Support the fundamental credit analysis for financial institutions (banks, brokers, etc.)
• Take part in developing risk-reporting templates
• Prepare periodic risk reports
• Contribute to the development/enhancement of liquidity and leverage risk metrics
• Gather, organize, and analyze data from various sources
• Fulfill ad hoc requests as required

REQUIRED SKILLS

• Degree in finance, economics, commerce, statistics or related discipline
• Have a passion for investment management, a dedication to hard work, commitment to the highest ethical standards, and an eagerness to learn
• Interest in investment risk management
• Good analytical and problem-solving skills
• Good presentation skills and writing ability
• Sound working knowledge of Excel
• Knowledge of and experience using AI/machine learning techniques would be preferred
• Familiarity with SQL, Python and Matlab would be an asset
• Familiarity with systems such as Bloomberg and Capital IQ would be an asset

WHAT WE OFFER

• Excellent career development and training by helping the candidate to understand the qualitative and quantitative risk assessment process
• Work with a dynamic team in a fast-paced environment
• Work with different teams across the organization
• 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
• The ability to opt-in for access to

  Dialogue

  , a user-friendly app that offers virtual primary care, employee and family services, and mental health supports
• Time to connect with co-op students & interns at BCI – build your network and shared learning
• 2 paid days per year for volunteering
• BCI investment professionals lead a monthly Investment Club to share industry knowledge with employees who work in other departments

THE DETAILS

• Work term: Fall 2023 and/or Winter 2024 (September to December 2023 or April 2024)
• 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 the Investment Risk Co-op/Internship (Fall 2023 and/or Winter 2024) posting on our careers page

  https://bci.wd10.myworkdayjobs.com/BCI_Careers
• Application deadline: June 1, 2023 at 11:59 pm PT
• 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

At BCI, we value diversity and believe in fostering an inclusive culture where all employees can be successful.

We are performance and client focused and value integrity; if you share these values, we want to know you.

We recognize that some skills can be learned on the job and encourage all to apply.

If you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations), contact us at

hr@bci.ca

.

We would like to hear from you!