Public Markets Co-op/internship

Closing date: October 3, 2024

The British Columbia Investment Management Corporation (BCI) is currently seeking Public Markets co-op students/interns for the Summer 2025 (May to August) work term.

Global Thematic Equities - The Thematic team utilizes a two-step process in our high conviction, and long-term focused investment strategy. The first step is to understand the macro change drivers that are influencing both consumer and corporate behaviours over the long term (for example, changes in society / demography, technology, economics, politics, and sustainability). Armed with this top-down understanding, as well as the value chains best positioned to benefit from these tailwinds, we conduct in-depth due diligence on global leaders to invest in the best positioned companies to create long-term shareholder value. As a co-op, you will have the ability to participate in management meetings, conduct in-depth company and/or industry research and present your findings to the group and influence investment decisions. The Team is looking for: Financial Modelling and Data Analysis.

Global Fundamental Equities - Active Equities Global Fundamental is a unique mandate at BCI to look at a concentrated portfolio of Global companies including mid-larger sized companies in the developed markets, from a bottom-up perspective. The strategy is underpinned by looking at Quality companies that trade at a reasonable valuation. This includes learning about what makes them great (and stay that way) as well as diving into valuation work to help inform our investment views. The experience would include hands on experience in gaining skills in equity research, financial modelling, and analyzing investments across various industries. We overall have an inclusive approach with a strong team with a learning mindset. The Team is looking for: Strong Passion for Investing, Critical Thinking, Strong Financial Modelling Skills.

Global Emerging Markets (GEM) - GEM team is the latest addition to BCI's Active Equities. We are looking to launch BCI's first internal active global emerging markets fund in 2022. Our objective is to capture Emerging Markets' growth over the long term and outperform MSCI EM benchmark on a risk adjusted basis through stock, country, and sector selection. We use a repeatable, fundamental, long-term investment process combining bottom-up and top-down analyses. We seek to invest in companies with quality managements, sustainable competitive advantages and profitable growth. This Team is looking for: Financial Modelling Skills, Passion for Emerging Markets, Attention to Detail, an ability to write and speak Mandarin would be a plus.

WHAT YOU NEED TO KNOW

BCI manages a globally diversified portfolio of gross assets valued at $250.4 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.

During the four-month internship, you can look forward to:
- Training and mentorship to develop and enhance your finance and investment knowledge- Exposure to different investment areas within public markets- Hands-on, challenging projects with the required support to help you succeed- Time to connect and build your network with other co-ops/interns and BCI professionals

WHAT YOU WILL BE DOING- Working under the supervision of portfolio managers and analysts to assist with various projects- Reading company and industry reports to build an understanding of sector/stock fundamentals- Producing company initiations and/or credit reports as well as industry analysis (including comprehensive writeup, full financial model/valuation, buy/sell/hold recommendation, etc.)- Presenting proprietary analysis and actionable recommendations to Investment Committees- Documenting management meetings, providing a concise summary of the key takeaways- Assisting the ESG Integration team with data collection, research, modeling, proxy voting, etc.- Supporting the Partnership Portfolio team with external manager evaluation, monitoring, etc.- Ad hoc/special projects assigned by the teams (e.g., industry, country or portfolio analysis)

**Required Skills**:
- Students in an undergraduate or graduate program with a preference for those in Business (Finance) or Economics- Passion for investing and a drive to continually learn about financial markets- Ability to communicate clearly and concisely, both verbally and in writing- A high level of professionalism and interpersonal skills- Strong research skills combined with analytical and problem-solving abilities- A fundamental knowledge of finance, accounting, business and investment-related disciplines- Experience in developing financial models is considered an asset- Ability to use