Analyst, Counterparty & Credit Risk (15-month fixed term)

Closing Date : April 8, 2025

INVESTMENT STRATEGY & RISK

Do you have a strong analytical mindset, with an investment risk management background? Our growing team is seeking a Counterparty and Credit Risk Analyst to join their growing team in beautiful Victoria, BC.

In this role, you will primarily focus on counterparty and credit risk assessment while also gaining exposure to private markets transactions analysis. This is a fantastic opportunity for a talented professional looking to work alongside a dynamic, world-class team.Apply today to work at one of Canada’s Top 100 Employers!

This 15-month opportunity includes all benefits available to permanent employees.

THE OPPORTUNITY

Reporting to the Senior Manager, Investment Risk Modelling, the Analyst, Counterparty & Credit Risk is primarily responsible for the fundamental credit analysis of financial institutions, the onboarding of new brokers and counterparties, and the ongoing monitoring of the securities lending program. They research best practices and contribute to the implementation and ongoing maintenance of the counterparty risk mandate.

The Analyst will work closely with the Credit Risk Management team to assign ratings and ensure the timely updating and monitoring of BCI’s private investments in the financial sector. The Analyst will also coordinate with the Investment Operations team for the activation and monitoring of approved counterparties / brokers. Theyassist in the design and production of counterparty risk monitoring reports, the enhancement of risk evaluation analytics / processes, and other ad-hoc projects.

WHO YOU WILL WORK WITH

The Investment Strategy & Risk (ISR) department plays a key role in setting, implementing, executing, 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. ISR consists of three branches : Strategic Asset Allocation, Total Fund Management, and Investment Risk.

WHAT YOU BRING

Must have :

Degree in finance, economics, commerce, statistics or a related discipline

1-3 years’ experience in the risk management or investment industry

An enthusiastic and cooperative attitude and be able to work independently and function well in a team environment

An ability to demonstrate adaptability in a high paced environment

Demonstrated analytical and problem-solving skills

Strong conceptual skills and attention to detail with high level of commitment to quality work

Understanding of analytical tools and their data needs as well as basic risk management methodologies

Sound working knowledge of Excel & VBA

Broad knowledge of financial instruments

Understanding of basic risk management methodologies, analytical tools and data needs

Ability to express complex and technical concepts in a clear and concise fashion to stakeholders

Diplomatic and tactful with strong interpersonal skills

Preferred :

Postgraduate degree in finance, statistics or a related discipline is an asset

Experience with fundamental credit analysis or counterparty risk management

Experience with stress testing and financial forecasting

Familiarity with systems such as Bloomberg, Capital IQ, and risk calculation systems

Familiarity with ISDA, CSA and GMRA agreements

Pension fund, bank or asset management experience

Professional designation (CFA or FRM)

Knowledge of and experience using AI / machine learning techniques

Proficiency and project experience in SQL, R Studio and / or Python

WHAT YOU GET TO DO

Performs the fundamental credit analysis and internal credit risk ratings proposals for new and existing financial institutions (including BCI’s counterparties, brokers and private assets in the financial sector)

Monitors the approved counterparties against early warning signals

Contributes to the development of credit risk reporting templates

Identifies and monitors the counterparty risks from BCI’s Securities Lending activities

Conducts recalibration and improves the Downgrade Probability Model

Conducts ongoing attribution analysis for the Downgrade Probability

Assists in automating and streamlining existing processes related to credit and counterparty risk

Coordinates the activation of new brokers and counterparties with other BCI departments

Participates in documenting procedures and directives related to credit and counterparty risk

Prepares periodic risk reports

Gathers and organizes data from various sources

Stays abreast of regulatory changes or market developments that may impactBCI exposure to counterparty risk

WHERE YOU WILL WORK

Work from our downtown Victoria office.

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 $77,000 to $93,000.

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.

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 – for the sixth consecutive year - and has built programs and benefits to support all our employees, including;

Extended health and dental coverage, start on your first day of work. We have you covered!

Our telehealth provider connects you and your family to virtual healthcare appointments.

Eligibility to the defined benefit providing you with a secure retirement income.

Time off includes : 20 days vacation , 10 paid sick days,6 paid personal days, and 2 paid days for volunteering – to support physical, mental, and community health.

Four days in office, with the option to work from home once a week, promoting both a collaborative work culture and a healthy work-life balance.

Annual wellness allowance to support an active lifestyle as well as physical well-being when working at home.

On-going learning through our in-house mentoring program, professional dues support,and online and in-house learning.

Relocation support is available if a move to one of BCI’s locations is required.

Invested in your learning : BCI investment professionals lead a monthly Investment Club to share industry knowledge with employees who work in other departments.