Senior Associate/Principal, Private Markets Risk

About Us:With $313.7 billion of gross assets under management, as of March 31, 2026, 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.POSTING CLOSE DATE: November 29, 2026THE OPPORTUNITYJoin BCI’s Private Markets Risk (PMR) team as a Senior Associate or Principal (level to be determined by the successful candidate’s experience and qualifications), reporting to the Senior Director, Private Markets Risk.You will act as a key Investment Risk (IR) point of contact for select BCI private market asset classes, delivering independent Risk Assessments, grounded in sound judgment and professional skepticism, to inform Management Investment Committee decisions during pre-investment underwriting. You will advise the asset classes on due diligence, investment risk, planning, new strategies, strategy updates and asset-level portfolio composition, leveraging IR and proprietary AI-enabled tools. You and the PMR team will also assist the Senior Vice President, Investment Risk in monitoring and managing total investment risk across the portfolios, including direct / co-invest and fund-type investments.As a strategic partner, you will help advance the growth of the private market portfolios over multi-year investment cycles while fostering a culture of risk management at BCI.WHO YOU WILL WORK WITHThe Investment Strategy & Risk (ISR) department plays a key role in setting, implementing and monitoring our clients’ long-term strategies. This is accomplished by working with clients, management and asset classes to define the optimal path to achieve clients’ outcomes and to enable BCI’s investment structures and processes necessary to fulfill these outcomes. ISR consists of five branches: Strategic Asset Allocation, Total Fund Management, Investment Risk, Growth & Investment Solutions and Client Partnerships.The PMR team sits within IR and provides independent investment risk oversight and advisory support on BCI’s private market asset classes. Day to day, you will work closely with the asset class and investment teams, other IR teams, other ISR branches, senior management and committees.WHAT YOU BRINGMust have:5+ (Senior Associate) / 7+ (Principal) years’ experience in the investment / M&A environment, e.G., private equity, investment banking, transaction advisory, management consulting or corporate finance.Experience in due diligence and analyzing risk in market, commercial, financial, tax, legal and idiosyncratic business matters, including applying stress testing and sensitivity analysisStrong research, financial modeling, analytical and valuation skills for private assetsCapability to use AI tools effectively and responsibly, including applying human critical thinking and judgment, and verifying AI outputs against sourcesStrong business / commercial acumen, corporate operational and governance knowledgeExcellent interpersonal, written and verbal communication skills, including the ability to explain risk concepts in plain language to senior audiences, with a proven ability to build lasting, trust-based relationships with diverse stakeholdersAdaptable team player with strong project management and problem-solving skills, able to work under tight time pressureProven ability to analyze complex investment strategies, confidently yet constructively challenge investment theses and risk-return assumptions and contribute to risk-mitigating solutionsSupervisory experience (Principal)Preferred:Direct working experience with private market asset classesInstitutional investment, pension fund or asset management experienceCFA, FRM or CPA designation or master's degree in business / economics or MBAWHAT YOU WILL DORelationship with Private Market Asset Class TeamsBuild strong partnerships with the private market asset class teams and maintain an active dialogueWork collaboratively with the asset class teams to identify and manage key risk exposuresInvestment Risk Assessment and AdvisoryEngage with investment teams on key risk issues for potential direct / co-invest and fund dealsSupport due diligence processes from a risk management perspectiveUse proprietary AI-enabled tools to enhance our work, forming an independent view first, tracing AI-cited facts back to source documents and retaining ownership of the final Risk AssessmentSynthesize key findings and analysis from pre-investment procedures in standardized Risk Assessments to inform decision-making by the Executive Vice President, Investment Strategy & Risk and the Management Investment Committee:Provide risk feedback on screening, deal alert and investment memorandumsAssess strategic fit;
identify key risk exposures and mitigation strategies;
highlight total portfolio implications;
challenge investment theses and risk-return assumptionsReview and challenge value creation plans, financial projection assumptions and deal modelsWhen applicable, coordinate input from other IR teams, other ISR branches, etc.Provide advisory input to asset classes on investment planning and strategyPortfolio Monitoring and OversightCollaborate with asset class and IR teams on building and maintaining portfolio risk reporting and monitoring tools;
review and discuss riskoutputs, including portfolio and asset-level key performance indicators, concerns and risk management optionsMonitor asset class portfolios and identify relevant risks including changes in risk activities / profile (e.G., concentration), valuation issues and other business issues (e.G., macroeconomic / geopolitical shifts, commercial / regulatory developments)Conduct deep dives on large direct / co-invest investments and key general partner / external manager mandatesAligned with asset class strategies, develop asset class / sector expertise and an understanding of specific risk characteristics and mitigation strategies through research, thought leadership and consultation with internal and external peersBroader Investment Risk Management SupportAssist and advise IR teams with risk modeling and board / client reporting on private market asset class exposuresAdvise on stress / scenario testing and provide risk opinions to asset class portfolio managers on sudden market and emerging risk eventsFoster a culture of risk management across the firmFollow the capital markets for significant events and emerging risks that may affect private market portfolios’ risk profile and make and present recommendationsLeadership and Supervision (Principal)Collaborate and provide functional guidance to several IR team members (e.G., Transactions & Total Portfolio Risk, Credit Risk), including training, coaching and input into performance feedbackWHERE YOU WILL WORKThis role is based in our office in downtown Victoria, BC.SALARY RANGEThe annualized base salary range for the Senior Associate role is $140,000 - $155,000.The annualized base salary range for the Principal role is $155,000 - $170,000.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 View email address on ca.hrm.tc 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.#J-18808-Ljbffr