ABOUT US

British Columbia Investment Management Corporation (BCI) offers an exceptional opportunity to work at a world-class organization while living in a west coast setting. With $295.0 billion of gross assets under management, as of March 31, 2025, British Columbia Investment Management Corporation (BCI) is the provider of investment management services for British Columbia’s public sector and one of the largest asset managers in Canada. BCI seeks investment opportunities around the world and across a range of asset classes that convert savings into productive capital. Our investment returns play a significant role in helping our institutional clients build a financially secure future for their beneficiaries.

POSTING CLOSE DATE: Open Until Filled

THE OPPORTUNITY

BCI is working with an external recruitment firm. Please do not submit your application directly to BCI. Applications submitted through this site will not be reviewed.

To explore this opportunity, please contact Boyden.

Only qualified candidates who match the requirements will be contacted.

Reporting to the Senior Manager, Strategic Asset Allocation, the Senior Associate works within Strategic Asset Allocation’s advisory function, which is responsible for advising BCI clients on a wide range of investment related topics, including strategic asset allocation. The Senior Associate’s primary role is to perform Asset & Liability Management (ALM) studies and other custom analyses to ensure that clients’ investment strategies and policies are appropriate given the nature of their respective liabilities and unique characteristics. In this regard, the Senior Associate must develop in-depth knowledge of each client’s individual circumstances, including investment objectives, liability obligations, maturity, funding policies, actuarial assumptions, risk tolerance, constraints, etc.

As required, the Senior Associate may support the Growth and Investment Solutions team. The Senior Associate may also provide support in the evolution of BCI’s product shelf, assist with annual investment and capital planning activities, monitor client asset mixes relative to their policy, and model allocation transactions.

This role will be based in our Victoria, BC office.

WHO YOU WILL WORK WITH

The Investment Strategy & Risk 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. Investment Strategy & Risk consists of five branches: Strategic Asset Allocation, Total Fund Management, Investment Risk, Growth & Investment Solutions, and Client Partnerships.

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 developments, including assessment of the current business cycle dynamics and research of emerging economic or financial trends, opportunities, and risks.

WHAT YOU BRING

Must have:

• An undergraduate degree in Actuarial Science, Mathematics, Physics, Finance or a related discipline
• At least 7 years of direct experience in actuarial and/or investment consulting, or in a similar capacity in the actuarial or financial industries
• An understanding of actuarial and investment concepts such as ALM, strategic asset allocation and risk tolerance assessments
• Ability to perform and distill complex actuarial and investment calculations into actionable conclusions for both professional and lay audiences
• Ability to work in a fast-paced and team-oriented environment, where priorities change frequently, and deadlines are often under time pressure
• Proven ability to work collaboratively across departments to build credibility and strong relationships

Strongly preferred:

• Associate or Fellow of the Society of Actuaries (ASA/FSA)
• Prior roles include actuarial consulting in the pension field or developing ALM studies

WHAT YOU WILL DO

• Develop ALM studies and investment policy recommendations for a variety of clients (e.g., pension, insurance, benefit, endowment/foundation)
• Regularly monitor and report on clients’ investment strategies
• Support the implementation of technology and systems to enhance existing ALM analysis and advisory capabilities
• Work closely with colleagues in Strategic Asset Allocation and across Investment Strategy & Risk to perform analysis, communicate results, and develop strategies
• Mentor junior staff members

WHERE YOU WILL WORK

Work from our downtown Victoria office. We are an in-person collaborative organization with the flexibility to work remotely one day a week.

SALARY RANGE

The annualized base salary range for this Victoria-based role is CAD $124,000 to $144,000.

Our recruitment process requires that the successful candidate agrees to undergo a criminal record search, education and designation verification; to provide a declaration of no previous or current criminal status; and to comply with our corporate Code of Ethics & Professional Conduct .