Liquidity & Counterparty Risk Co-op/Internship (Winter and/or Summer 2025)

Closing date: October 3, 2024

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 Winter and/or Summer 2025 work term (January to April or August 2025) 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 C$250.4 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 Liquidity and Counterparty co-op/intern will work within our Investment Strategy & Risk department. 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.

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

• 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

• BCI investment professionals lead a monthly Investment Club to share industry knowledge with employees who work in other departments

• Two (2) paid days per year for volunteering

• Competitive pay: $2,260.00 gross bi-weekly + vacation leave paid based on 6% of salary for those with (or working towards) a graduate degree or joining the Investment Strategy & Risk department 

• Travel: if coming to Victoria for this work term, BCI will provide a fixed-rate travel allowance based on your location

THE DETAILS

• Work term: Winter and/or Summer (January to April or August 2025)

• Department: Investment Strategy & Risk

• Office Location: 750 Pandora Avenue, Victoria, BC

• Spend your off hours exploring beautiful Victoria and Vancouver Island

• 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 one day per week. Please note, some positions are not eligible for hybrid work.

HOW TO APPLY

• Apply directly to the Liquidity and Counterparty Risk Co-op/Internship posting on our careers page  https://bci.wd10.myworkdayjobs.com/BCI_Careers

• Application deadline: October 3, 2024 at 11:59pm PT

• Please upload 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 co-op@bci.ca.

We would like to hear from you!