Liquidity & Counterparty Risk Management Co-op/Internship (Winter 2027 or Winter & Summer 2027)
Bci · Australia +1 · 9d ago
Closing Date: October 1, 2026
Use your research and analytical skills in a fast-growing company where you can have an impact. The British Columbia Investment Management Corporation (BCI) is currently seeking a Liquidity and Counterparty Risk Management co-op student/intern for the Winter 2027 (January to April) or Winter & Summer 2027 work terms (January to August) to provide research and analytics support across a range of investment subjects, including liquidity management, leverage monitoring, and assessment of BCI’s key counterparties.
WHAT YOU NEED TO KNOW
BCI manages a globally diversified portfolio of assets valued at $313.7 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.
The Liquidity and Counterparty Risk Management co-op/intern will work within our Investment Strategy & Risk department. This is a great opportunity for you to learn and apply your knowledge through supporting the development of new liquidity risk measures, helping enhance the leverage monitoring framework, and assisting in streamlining and automating counterparty risk related processes.
WHO YOU WILL WORK WITH
The co-op will report to Senior Analyst, Liquidity and Counterparty Risk Management. The Liquidity and Counterparty Risk Management team sits within the Investment Risk branch of Investment Strategy & Risk and is responsible for measuring and managing liquidity, leverage, and counterparty risks across BCI's portfolio. The team partners closely with Strategic Asset Allocation, Total Fund Management, and Investment Operations to ensure these risks are reflected in asset allocation and rebalancing decisions, with key stakeholders including BCI's clients, the BCI Board, and the Executive Team.
WHAT YOU WILL BE DOING
Understand and challenge how liquidity risk is interpreted across asset classes, investment mandates, and financial instruments within BCI
Support the identification and monitoring of counterparty risks across asset classes
Contribute to the enhancement of private markets capital call and distribution models
Support the fundamental credit analysis for financial institutions (banks, brokers, etc.)
Take part in enhancing our forward-looking liquidity models and their integration into client asset allocation processes
Prepare and modernize periodic reports for the department and management teams
Assist in integrating AI/LLM to streamline existing processes
Ad-hoc projects and tasks as assigned by the team
Required Skills
Degree in finance, economics, commerce, statistics, or related discipline
Passion for investment management, dedication to hard work, commitment to the highest ethical standards, and most importantly, eagerness to learn
Interest in investment risk management
Strong analytical, problem-solving, and communication skills
Sound working knowledge of Excel, Python, and SQL
Familiarity with Agentic AI tools such as OpenAI Codex CLI / Claude Code is a strong asset
Familiarity with derivative instruments and fixed-income analysis is a strong asset
Familiarity with basic data engineering (Pipelines, ETL, orchestration, storage) is an asset
Familiarity with systems such as Bloomberg and Capital IQ is an asset
WHAT WE OFFER
Excellent career development and training by helping the candidate understand the qualitative and quantitative risk assessment process
Work with a dynamic team in a fast-paced environment
The development of real-world skills at one of the largest institutional investors in Canada
Exposure to some of the most talented, approachable, and inspiring people in the 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 $2,330.00 gross bi-weekly + vacation leave paid based on 6% of salary
Travel: if coming to Victoria for this work term, BCI will provide a fixed-rate travel allowance based on your location
THE DETAILS
Work term: Winter 2027 (January to April) or Winter & Summer 2027 (January to August)
Department: Investment Strategy & Risk
Office Location: 750 Pandora Avenue, Victoria, BC
Spend your off hours exploring beautiful Victoria and Vancouver Island
All co-ops/internships 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.
HOW TO APPLY
Apply directly to the Liquidity and Counterparty Risk Management Co-op/Internship posting on our careers page https://bci.wd10.myworkdayjobs.com/BCI_Careers
Application deadline: October 1, 2026 at 11:59pm PDT
Please upload a cover letter, resume, and transcripts (unofficial transcript will suffice)
Note: We welcome applications from all qualified candidates who are interested in applying for this role. You will need to be legally authorized to work in the country where this job is located. If you currently do not have authorization or if your work permit, study permit, or visa has restrictions or is due to expire during the work term, you may not be eligible for this opportunity.
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!