Senior Associate Portfolio Manager, Funding

About Us:

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.

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 30, 2025

The Opportunity

Under the direction of the Managing Director (MD), Funding, the Senior Associate Portfolio Manager (SAPM) assists in managing BCI’s leverage funding program, with an emphasis on supporting unsecured debt issuance. The SAPM is actively involved in developing investor relations strategy and materials and supporting issuance execution. Within the context of the broader funding program, which includes collateralized borrowing, the SAPM contributes to meeting or exceeding funding cost and liquidity targets for BCI’s client leverage liabilities while strictly adhering to risk parameters and investment policies.

Department Overview

The Capital Markets & Credit Investments (CM&CI) department manages C$165 billion of capital markets and credit investments (56% of total net AUM of BCI). The assets are managed through a variety of Credit, Equities, Fixed Income, Derivatives and Absolute Return Strategies. The department invests globally with investment teams located in BCI’s global offices (i.e., Victoria, Vancouver, New York and London). As a leader in responsible investing, the department actively integrates ESG factors into investment analysis and decision-making processes.

Fixed Income & Foreign Exchange (Fi&Fe)

FI&FE invests in public and private market debt, oversees client exposures to foreign currency and manages the leverage Funding Program. Portfolios are managed to deliver a suite of client exposures and with the goals of maximizing risk-adjusted returns while providing an important source of client liquidity. The Fixed Income & Foreign Exchange team manages approximately $84.6 billion in assets and $25.7 billion in liabilities.

What You Bring

Required:

• 10+ years investment industry experience
• Excellent organization and communication skills, both written and verbal
• Flexibility to adapt and focus efforts where needed in a developing business segment
• Experience researching, preparing, and delivering investment presentations
• Effective negotiating and decision-making capability
• Experience with interest rate derivatives
• Advanced analytical and problem-solving abilities with strong attention to detail
• Ability to work and excel in a team environment
• Applied experience with Bloomberg and Excel

Preferred Experience:

• Primary securities issuance and execution
• Legal documentation including offering memoranda
• Financial structuring or structured products
• Industry legislation and regulation

• Esg Framework(S)

What You Get To Do

• Under the supervision of the MD, the SAPM will support management of the funding portfolio. Specifically, the SAPM will support development of investor relations materials, participate in investor presentations, and contribute to deal execution and hedging.
• Identify, analyze, value, implement and take ownership of funding opportunities.
• Monitor funding exposure to ensure compliance with investment policies, fund management guidelines, and portfolio risk parameters.
• Build and maintain strong relationships with the investor and banking community.
• Provide research and trade ideas to help identify and capitalize on funding opportunities and assist with developing and implementing funding strategies.
• Contribute to general strategy discussions on financial markets.
• Maintain and enhance spreadsheet-based models and monitoring tools.
• Liaise with internal BCI partners to develop investor presentation materials, educate clients and ensure efficient deal settlements.

Where You Will Work

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

Salary Range

The annualized base salary range for this Victoria-based role is CAD $158,000 - $183,000. 

BCI offers a competitive total rewards package, including a performance-based incentive plan, comprehensive health & dental benefits, a defined benefit pension plan, and paid time off. We pay our people competitively in the markets in which we operate and with consideration for internal equity and job structure. The base salary will consider factors such as the individual's skill set, experience, and internal equity. We aim for actual pay to be around the market median for expected performance and the upper quartile for excellent performance. Actual salaries may vary based on experience and expertise.

Next Steps:

To apply online, please submit your resume promptly. Applications will be actively reviewed, and those selected for an interview will be contacted. We welcome all qualified candidates who are legally authorized to work in the country where this job is located. If you do not have authorization, or if your work permit has restrictions or is due to expire within 12 months, please inform our recruitment team if shortlisted.

At BCI, we value diversity and foster an inclusive culture where all employees can thrive. We are performance and client-focused, valuing integrity, and we want to know you if you share these values. We recognize that some skills can be learned on the job and encourage everyone to apply. If you require accommodations for the recruitment process, such as alternate formats of materials or accessible meeting rooms, please contact us at hr@bci.ca.

To learn more about working with BCI, including our comprehensive benefits packages, our commitment to equity, diversity and inclusion and the recruitment process visit our BCI Careers Page.

BCI does not accept unsolicited resumes or candidate submissions from third-party recruitment agencies, executive search firms, or staffing suppliers unless they have an existing contractual agreement with our organization. Our approved vendor relationships are established for particular recruitment requirements and do not extend to general job postings on our website or other platforms. Any candidate information or resumes submitted by suppliers not approved by BCI will be deemed unsolicited and will not be reviewed or considered. BCI will not be liable for any fees, commissions, or charges related to unsolicited candidate submissions or recruitment services.