Associate, Credit Risk Management

BCI; Victoria; On-site; CAD 130,000 - 150,000; Full time

Benefits offered by this job

Health & dental benefits

Defined benefit pension plan

Performance-based incentive plan

Paid time off

Job summary

British Columbia Investment Management Corporation (BCI) is seeking an Associate, Credit Risk Management to join its Investment Strategy & Risk team in Victoria. The role focuses on asset-backed finance and structured credit within a leading Canadian investment organization.

The successful candidate will execute credit risk reviews, help develop new methodologies, and provide independent risk analysis to support informed investment decisions and the ongoing evolution of BCI’s internal risk

Qualifications

• The ideal candidate is a proven credit risk professional who brings experience in asset-backed finance, structured finance and corporate credit from a rating agency, investment manager or bank.
• Strong analytical capabilities and experience evaluating complex financial structures, covenant packages and security arrangements.
• Familiarity with major rating agency methodologies and ability to communicate risk findings to stakeholders.

Responsibilities

• Execute periodic credit risk rating reviews and participate in live deal assessments.
• Prepare independent credit risk analysis and communicate risk findings to stakeholders.
• Support the continued enhancement of BCI’s internal credit risk rating framework.

Skills

Credit risk

Analytical skills

Communication

Job description

With nearly $300 billion of gross assets under management, British Columbia Investment Management Corporation (BCI) is one of the largest institutional investors in Canada. Since its inception in 2000, BCI has grown significantly and is now regarded as one of the most influential financial institutions globally, investing across a broad range of asset classes and strategies in both public and private markets. Today, BCI employs more than 750 people across offices in Victoria, Vancouver, New York and London, and continues to be recognized as one of Canada’s Top 100 Employers, Canada’s Top Family-Friendly Employers, Canada’s Top Employers for Young People and BC’s Top Employers.

The Investment Strategy & Risk department plays a key role in setting, implementing, executing and monitoring the long-term strategies of BCI’s clients. Recognizing that robust in-house investment risk management capabilities are essential to making informed investment decisions, BCI continues to invest in the build-out of a world-class Investment Risk function. The Credit Risk Management team has developed an internal risk rating framework for BCI’s private markets portfolio, including infrastructure, renewable resources, private equity and private debt investments. With private assets representing a significant area of focus and future growth for BCI, the team plays a critical role in validating and providing independent risk ratings for private asset transactions and the broader portfolio.

BCI has recently launched the Investment Grade Private Credit fund, a new strategy targeting opportunities across Corporate Credit and Asset-Backed Finance. As a result, BCI is seeking an Associate, Credit Risk Management with specific expertise in asset-backed finance, including whole loans and structured products. In addition to supporting ongoing transactions and annual portfolio reviews, the Associate will help develop new methodologies and internal risk rating approaches to assess these increasingly complex investment structures. The Associate will execute periodic credit risk rating reviews, participate in live deal assessments, prepare independent credit risk analysis, communicate risk findings to stakeholders and support the continued enhancement of BCI’s internal credit risk rating framework.

The ideal candidate is a proven credit risk professional who brings experience in asset-backed finance, structured finance and corporate credit from a rating agency, investment manager or bank. This individual will bring strong analytical capabilities, experience evaluating complex financial structures, covenant packages and security arrangements, and familiarity with major rating agency methodologies. Strong communication and relationship-building skills will also be essential, as this role requires the ability to work effectively with investment teams, risk colleagues and other stakeholders while contributing independent analysis in a rigorous, disciplined and fiduciary-focused environment.

Located in Victoria, this is a unique opportunity for a credit risk professional to join one of Canada’s most dynamic investment organizations. The successful candidate will have the opportunity to support the growth of a new investment strategy, contribute to the evolution of BCI’s credit risk capabilities, and work on complex, high-impact transactions within a collaborative, world-class investment platform.

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 role based in Victoria is CAD $130,000-$150,000

The base salary offered to the successful candidate will consider a wide array of factors including but not limited to the individual’s skill set, level of experience applicable to the role they are being offered and consideration to internal equity.

We pay our people competitively in the markets in which we compete for talent 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.