Closing date: October 5, 2023

The British Columbia Investment Management Corporation (BCI) is currently seeking Public Markets co-op students/interns for the Winter 2024 (January to April) and Summer 2024 (May to August) work term.

The Public Equities group manages a global equity portfolio currently comprised of nearly half of BCI’s total portfolio utilizing both index and active management strategies. The group invests in Canada, the U.S., and internationally in both the developed and emerging markets. In addition, BCI is a leader in responsible investing actively integrating environmental, social and governance factors (ESG) into our investment analysis and decision making. Successful candidates will work in one of the following three (3) teams: Global Thematic Equities, Active Global Fundamental Equities, and Global Emerging Markets.

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, and the 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 $233B 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.

The responsibility of the co-op student/intern is to support the analytical efforts of investment professionals in the Public Markets department to meet our clients’ return and risk objectives. This is a great opportunity to gain a broad understanding of financial markets, company and industry drivers, portfolio management techniques, and application of finance and economics concepts in an investment management setting.

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

• Successful candidates can expect to work on various projects depending on their skill set and the group to which they are assigned. Examples may include:

• 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 Excel, PowerPoint, Word, and Outlook; Bloomberg and VBA experience is an asset

WHAT WE OFFER

• A week-long intensive bootcamp to kick off your work term with lessons on financial modeling and credit analysis amongst other topics, presented by industry leading professionals

• Excellent career development and training by helping the candidate to understand the tools, the data and the methodologies applied by financial institutions to manage their risk

• Work with a dynamic team in a fast-paced environment

• The chance to do work that will challenge and stimulate you

• The development of real-world skills at one of the largest institutional investors in Canada and the world

• Exposure to some of the most talented, approachable, and inspiring people in the finance industry

• The ability to opt-in for access to Dialogue, a user-friendly app that offers virtual primary care, employee and family services, and mental health supports

• Time to connect with co-op students & interns at BCI – build your network and shared learning

• 2 paid days per year for volunteering

• Competitive pay

  • $5,550 gross monthly + vacation leave paid based on 6% of salary

THE DETAILS

• Work term: Winter 2024 (January to April) and Summer 2024 (May to August)

• Department: Public Markets

• Office Location: 750 Pandora Avenue, Victoria, BC

• This co-op/internship will need to be completed in person at our Victoria office with the option to work one day per week from home. Please note, some positions are not eligible for hybrid work.

• Spend your off hours exploring beautiful Victoria and Vancouver Island

• Travel: if coming to Victoria for this work term, BCI will provide a fixed-rate travel allowance based on your location

HOW TO APPLY

• Apply directly to the Public Markets Co-op/Internship posting on our careers page https://bci.wd10.myworkdayjobs.com/BCI_Careers

• Application deadline: October 5th, 2023 at 11:59 pm PT

• Please include a cover letter, resume, and transcripts (unofficial transcript will suffice) in PDF format in your Workday application

• We will be hiring on a rolling basis

• Note: The ability to legally work full-time in Canada for the duration of your work term is a condition of employment at BCI

At BCI, we value diversity and believe in fostering an inclusive culture where all employees can be successful.

We are performance and client focused and value integrity; if you share these values, we want to know you.

We recognize that some skills can be learned on the job and encourage all to apply.

If you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations), contact us at co-op@bci.ca .

We would like to hear from you!