Transactions & Total Portfolio Risk Co-op/Internship (Winter 2027)

About Us:

With $313.7 billion of gross assets under management, as of March 31, 2026, 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.

Headquartered in Victoria, British Columbia, and with teams spanning Vancouver, New York, London, and Mumbai.

BCI integrates environmental, social, and governance (ESG) factors into all investment decisions to meet clients' risk and return requirements. Our people shape employee-focused initiatives, creating a strong culture. To learn more about our culture and values, visit our BCI Values in Action page.

Closing Date: October 1, 2026

Use your risk management skills in a fast-growing company where you can have an impact. The British Columbia Investment Management Corporation (BCI) is currently seeking a Transactions & Total Portfolio Risk co-op student/intern for the Winter 2027 work term to provide risk initiatives in both Public and Private Markets Risk Management.

WHAT YOU NEED TO KNOW

BCI manages a globally diversified portfolio of assets valued at $313.7 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 Transactions & Total Portfolio Risk intern/co-op will work within our Investment Strategy & Risk department. This is a fantastic opportunity for you to learn and assist the Transactions & Total Portfolio Risk Team in the development of the risk factor attribution for public equity portfolios, the design and production of risk dashboards (both public and private), the enhancement of risk evaluation analytics/processes, and various other ad hoc projects (e.g., what-if analysis). The team has risk expertise from risk roles with world-class global financial institutions.

WHO YOU WILL WORK WITH

You will work with the Transactions & Total Portfolio Risk team within the Investment Strategy & Risk department. The Investment Strategy & Risk (ISR) department plays a key role in setting, implementing, executing, 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 four branches: Strategic Asset Allocation, Total Fund Management, Investment Risk, and Growth & Investment Solutions.

Strategic Asset Allocation advises clients on their investment policies needed to achieve their investment objectives within risk tolerances. This is supported through a dedicated research function which assesses macro-economic issues to determine opportunities and risks which influence client policy recommendations. This includes regular, proactive communication, tailored client services, and a commitment to transparency, ensuring BCI remains clients' trusted investment manager of choice.

Total Fund Management advises the CIO on portfolio efficiency and effectiveness by integrating and centralizing critical functions related to the efficient flow of capital. This is achieved through 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. Through investment planning activities, this branch aligns client policies with BCI’s business plans, followed by implementing client allocations among BCI’s asset classes.

Investment Risk focuses on the measurement and management of the asset class, total portfolio, and client investment risks. This is achieved through advising clients on appropriate investment strategies based on their risks and tolerances for those risks, understanding exposures to investment risks across BCI’s assets so that risks are mitigated appropriately relative to expected returns, and better equipping our asset classes and our clients to identify, assess, and seize opportunities in potential investment risks.

Growth & Investment Solutions is responsible for stewarding BCI’s growth ambition, with an overarching goal of delivering net benefits to BCI’s existing clients. This includes efforts to support BCI’s clients in their own growth, developing new client relationships, and delivering new investment partnerships.

WHAT YOU WILL BE DOING

Assist in performing industry and company research (private equity, Infrastructure, Private Credit, etc.)

Provide support in responding to requests other teams/departments in BCI

Assist with the production of risk assessments for potential new investments

Assist with what-if analysis for new deal/product/instrument

Assist in the development/production of dashboards for asset classes and the BCI total fund

Help validate and document data procedures to ensure accuracy and consistency with projects specifications

REQUIRED SKILLS

Students in graduate programs such as Risk Management, Finance, Statistics, Economics, Business etc. are preferred

B+ equivalent cumulative GPA

Familiarity with various financial instruments

Has relevant prior co-op experience at a bank or investment firm

Demonstrates an ability to gather and process large amount of data and information and present it in a concise manner

Demonstrates an extremely strong work ethic and displays initiative to strive to deliver value above and beyond the job description

Proficiency in Python and SQL; experience with Claude Code or similar AI coding tools

Exhibit a high level of professionalism and excellent interpersonal skills

Participates in a student investment club or other investment case competitions

Have a passion for investment management, a dedication to challenging work, commitment to the highest ethical standards, and an eagerness to learn

Analytical and problem-solving abilities

WHAT WE OFFER

Excellent career development and training by helping the candidate to understand the tools, the data and the methodologies applied by financial institutions to manage their exposure to credit risk

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

2 paid days per year for volunteering

Competitive pay: $2,330.00 gross bi-weekly + vacation leave paid based on 6% of salary

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 2027 (January-April)

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 with the option to work one day per week from home. Please note, some positions are