Senior Associate, Strategic Asset Allocation

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.

BCI is working with an external recruitment firm. Please do not submit your application directly to BCI. Applications submitted through this site will not be reviewed.  

To explore this opportunity, please contact Boyden.

Only qualified candidates who match the requirements will be contacted.     

Reporting to the Senior Manager, Strategic Asset Allocation, the Senior 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 Senior 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 Senior 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 Senior Associate may support the Growth and Investment Solutions team. The Senior 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.

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. 

Must have: 

• An undergraduate degree in Actuarial Science, Mathematics, Physics, Finance or a related discipline 

• At least 7 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 

• 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 

• Mentor junior staff members 

Work from our downtown Victoria office. We are an in-person collaborative organization with the flexibility to work remotely one day a week.  

The annualized base salary range for this Victoria-based role is CAD $124,000 to $144,000. 

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 .

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.