Associate, Strategic Asset Allocation

Closing Date: July 29, 2025.
- THE OPPORTUNITY
- Reporting to the Senior 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 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 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 Associate may support the Growth and Investment Solutions team. The 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 WILL YOU 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 5 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 GET TO 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
- 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
- BCI offers a competitive total rewards package which includes a performance-based incentive plan, comprehensive health & dental benefits, a defined benefit pension plan and paid time off.
- The annualized base salary range for this Victoria-based role is CAD $103,000 to $124,000.
- We pay our people competitively in the markets in which we operate and with consideration to internal equity and job structure. We aim for actual pay to be around the median of the market for target or expected levels of performance, and around the upper quartile of the market for excellent performance.
- Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to, experience and expertise.
- WHY APPLY TO JOIN BCI
- With our values as our anchor, it’s our people that help shape employee-focused initiatives and who create the environment we work in each day - all of which further strengthens our culture. BCI has been recognized as one of- Canada’s Top 100 Employers
- for the sixth consecutive year - and has built programs and benefits to support all our employees, including;- Extended health