With $171.3 billion of assets under management (AUM), British Columbia Investment Management Corporation (BCI) is one of the largest institutional investors in Canada. Since its inception in 2000, BCI has grown significantly and is now regarded as one of the most influential financial institutions globally with a diverse and global mix of assets. The organization has positioned itself as an active, in-house asset manager with sophisticated strategies operating within an increasingly complex investment environment. Over the past five years, BCI has more than doubled in size to over 600 employees. We are set to reach our goal of $200 billion in AUM, BCI is now at an exciting time in its history.
Recognizing that robust in-house capabilities are key to making informed investment decisions, BCI has invested significantly in growing its Investment Strategy & Risk team in recent years. A key part of this team is the Strategic Asset Allocation group which assists clients with developing tailored investment policies that achieve their investment objectives consistent with their investment philosophies, funding policies and risk tolerances. As part of BCI’s “Client First” philosophy, the Strategic Asset Allocation group is a high functioning team that occupies a high profile internal and external role and the role it plays in advising clients is unique among its peers.
Reporting to the Vice President & Head of Strategic Asset Allocation, the Manager will take on a key client-facing role responsible for advising BCI clients on a wide range of investment related topics, including strategic asset allocation. The Manager will work closely with the Vice President, SVP, and, in many cases, the external actuary, to prepare Asset & Liability Modeling (ALM) studies and other custom analyses, to ensure that clients’ investment strategies and policies are appropriate given the nature of the fund’s liabilities and unique characteristics.
The ideal candidate will be an actuary who brings a track record of success in a similar institutional investment organization or in a pension/investment consulting firm. Alternatively, they could be a pension professional with a background in investments. The Manager will bring strong technical skills such as in-depth understanding of actuarial and pension investment concepts, asset and liability management analysis, strategic asset allocation and risk, as well as communications and relationship building skills will be critical for success. The Manager will have a chance to work with diverse and interesting clients, challenges, and projects and challenges and as a result, will need to be a ‘generalist’ capable of contributing both strategically as well as getting into the detail as required.
Based in Victoria, this is a unique role for an investment or pension professional to work in one of the fastest growing institutional investment organizations in the world and a best-in-class organization.