Associate, Strategic Asset Allocation

4 weeks ago


Victoria, Canada BCI Full time

Closing Date: April 9, 2023

DEPARTMENT DESCRIPTION

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 three branches: Strategic Asset Allocation, Total Fund Management, and Investment Risk.

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 issues including assessment of the current business cycle dynamics and research of emerging economic or financial trends, opportunities, and risks - all at an asset class and total fund level.

Total Fund Management is responsible for 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.

Investment Risk focuses on the measurement and management of the asset class, total portfolio, and client investment risks. This team also advises clients on appropriate investment strategies based on their risks and tolerances for those risks.

POSITION DESCRIPTION

Reporting to the Manager, Strategic Asset Allocation, the 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 Associate’s primary role will be to perform Asset & Liability Modeling (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 Associate must develop in-depth knowledge of each client’s individual circumstances, characteristics, objectives, and risk tolerances.

As required, the Associate may provide support in the development of BCI’s product shelf and assist with annual investment planning activities, ensuring alignment between clients’ needs and BCI’s product shelf. The Associate may also monitor and review client asset mixes relative to their policy targets, model asset mix changes and recommend trades.

QUALIFICATIONS
- Must have:_- An undergraduate degree in Actuarial Science, Mathematics, Finance, or a related discipline- At least 5 years of direct experience in pension and/or investment consulting, or in a similar capacity in the actuarial or financial industries- An understanding of pension and investment concepts such as Asset & Liability Modeling (ALM) studies, strategic asset allocation and risk tolerance assessments- Ability to perform and distill complex pension and investment calculations into actionable conclusions for both professional and lay audiences- Broad knowledge of capital markets and familiarity with all asset classes including alternative and private market assets- 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 Asset & Liability Modeling (ALM) studies

PRIMARY RESPONSIBILITIES- Support the development of clients’ Asset & Liability Modeling (ALM) studies, strategic asset allocation, and investment policy recommendations- Monitor client investment strategies to determine if they remain appropriate- Evaluate and independently assess clients’ funding policies- Support the implementation of technology and systems to enhance existing Asset & Liability Modeling (ALM) analysis and advisory capabilities- Work closely with the different Investment Strategy & Risk branches to perform analysis, report results, and develop strategies- Assist in the management of BCI’s product shelf to ensure client-focused rationale for the structure of programs and pooled funds- Assist with monitoring client portfolios and recommend client asset mix adjustments

WHY APPLY TO JOIN BCI?

BCI is one of Canada’s Top 100 Employers and has built programs and benefits to support all our employees.

As an employee of BCI you will have access to benefits such as:
- Extended health and dental coverage- 20 days vacation per year- Participation in our defined benefit pension plan- 2-day paid for volunteering- Various wellness benefits

TO APPLY:



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