Strategic Asset Allocation (Global Macro) Co-op/Internship (Winter 2027)

Location: Victoria, BC

Closing Date: October 1, 2026

The British Columbia Investment Management Corporation (BCI) is currently seeking a Strategic Asset Allocation (Global Macro) co-op student/intern for the Winter 2027 work term (January to April).

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 Global Macro co-op/intern will work within the Strategic Asset Allocation team in the Investment Strategy & Risk department, gaining hands-on experience by applying academic knowledge in a professional setting. The role involves supporting macroeconomic research and the analysis that underpins long-term investment strategy and client advice.

Co-ops/interns conduct research across a broad range of investment topics, including capital markets, investment strategies, performance, and investment products and support the preparation of client reports, presentations and materials for client meetings.

WHO YOU WILL WORK WITH

Investment Strategy & Risk is responsible for setting, implementing and monitoring clients’ long-term investment strategies by working closely with clients, management and asset classes. The department comprises 5 branches: Strategic Asset Allocation, Total Fund Management, Investment Risk and Growth and Investment Solutions.

The Strategic Asset Allocation team consists of three major workstreams. The Global Macro workstream conducts research and models relevant macroeconomic developments, including assessment of the current business cycle dynamics and research of emerging economic or financial trends, opportunities, and risks. The ALM workstream assists clients with developing tailored investment policies that achieve investment objectives consistent with their investment philosophies, funding policies and risk tolerances. The Client Relations workstream’s focus is on building long-term relationships with clients based on trust and to ensure that we exceed our client’s investment performance and service expectations. Successful candidates will gain valuable exposure to all three workstreams while working on the SAA team.

WHAT YOU WILL BE DOING

Conduct macroeconomic and market research on topics such as monetary policy, inflation, and geopolitical risk, and help produce recurring macro data summaries for the team.

Assist with Long-Term Capital Market Assumptions (LTCMAs), including data pulls, returns analysis, peer comparisons, and methodology refinement as needed

Help translate complex macroeconomic analysis into clear, well-styled outputs for senior investment and executive audiences

Support quarterly scenario modelling, narrative development, and maintaining signpost/monitoring frameworks

Build and maintain quantitative analysis and exhibits using Python, Excel, and econometric software, and support dashboard development in Power BI

Ad-hoc projects and tasks assigned by the team

Conduct independent research and prepare reports/presentations on a wide range of investment topics for client meetings and for internal staff

Assist with client education by producing written materials and educational presentations

Actively adheres to compliance and risk management policies and participates in BCI’s business continuity plan

THE IDEAL STUDENT

Working toward a degree in economics, financial mathematics, quantitative finance, or a related quantitative discipline

Demonstrates an ability to gather and process large amounts of data and information and present it in a concise manner

Likes to solve problems using creative and innovative solutions

Enjoy building and maintaining strong relationships with clients and team members.

Demonstrates an extremely strong work ethic and displays initiative to strive to deliver value above and beyond the job description

Has relevant prior co-op experience

Preference will be given to students who have shown initiative and a passion for the investment industry

REQUIRED SKILLS

Solid grasp of macroeconomics, financial markets, and monetary policy; genuine curiosity about global macro and geopolitical developments

Keen interest in investments and a drive to continually learn about financial markets

Strong written and verbal communication skills

High level of professionalism with strong interpersonal skills

Excellent attention to detail, with the ability to meet deadlines while maintaining accuracy and quality

Strong analytical, research, and problem-solving skills

Interest in finance, economics, and investment management, with a strong work ethic, commitment to ethical standards, and eagerness to learn

Strong time management and project management skills

Proficiency in Microsoft Excel, PowerPoint, Word, and Outlook

Experience with Bloomberg, Python, EViews, and Power BI is an asset

WHAT WE OFFER

Career development and training

Work with a dynamic team in a fast-paced environment

The chance to do work that will challenge and stimulate you

Be a valued part of a team

Development of real-world skills at one of the largest institutional investors in Canada & the world

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

Time to connect with other co-op students and interns from other departments - build your network and shared learning

Potential work term extensions and career opportunities

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