Job Description

Closing date: June 11, 2023

SUMMARY
The Associate / Associate Portfolio Manager, Global Thematic is a high impact role. The successful candidate will lead a Theme, conducting insight-driven thematic research and directly contributing to the investment decisions for an approximately $5 billion concentrated global portfolio. They will also be an integral part of a small and cohesive team that supports each other in achieving greatness.

FINDING THE RIGHT FIT
We will consider candidates with between 2 to 10+ years of experience and adjust the position level as appropriate. We offer this flexibility because we care more about fit than parameter. In all candidates we are looking for passion, intellectual curiosity, and a team-oriented mentality. Beyond this, we are looking for fundamental research experience and demonstrated ability to be resourceful.

DEPARTMENT DESCRIPTION
The Public Markets department manages a portfolio of fixed income and equity investments representing approximately $125 billion utilizing both index and active management strategies. The department invests in Canada, the U.S., and Internationally in both the developed and emerging markets. Assets are managed using both internal and external managers. The department uses a diverse mix of financial instruments including bonds, equities, and derivatives. In addition, the department is a leader in Responsible Investing actively integrating environmental, social and governance factors into our investment analysis and decision-making.

PORTFOLIO DESCRIPTION
The Global Thematic Portfolio is an approximately $5 billion concentrated long-only public equities portfolio investing in leading companies that will disproportionately benefit from long-term social, technological, economic, political and sustainability trends.

Our world class seven-person team makes investment decisions using a blend of top-down and bottom-up fundamental research. Themes and related value chains are researched for desirable attributes, while individual investments are made using fundamental analysis leveraging our Theme knowledge.

The portfolio is style, sector, geography, and market capitalization agnostic. Also, as a long-term oriented program, the actively managed portfolio has relatively low turnover and is primarily measured on a rolling five-year basis against the MSCI World Ex-Canada Index.

POSITION DESCRIPTION
Reporting to the Managing Director, the successful candidate leads a Theme, identifying and managing a concentrated group of Thematic public equity investments that will outperform the benchmark over the long-term. To achieve this, the successful candidate: (1) develops Theme expertise utilizing a combination of conventional and unconventional sources, (2) uses this expertise to identify unique investment opportunities that will benefit as the Theme plays out, and (3) selects high conviction companies that will outperform due to underappreciated Thematic insights. The Theme lead also directly contributes to material portfolio level investment decisions, with the best companies from across Themes included in the portfolio.

Given Themes cross sectors and geographies, the ideal candidate can assess multiple sectors and industries around the world. Consideration will be made to candidates with a wide range of previous experience, although existing knowledge of Industrials would be an asset.

The candidate thrives in a dynamic team environment. They actively collaborate with their Global Thematic colleagues to maximize the overall performance of the portfolio through actively debating and challenging ideas, sharing knowledge and resources, and embracing an openness to new ideas and perspectives from all team members.

The candidate proactively builds and maintains an extensive network of industry experts to deepen knowledge and challenge incumbent beliefs. They build collaborative relationships with other teams at BCI, inclusive of relationships with other asset classes, to maximize the dissemination of thematic opportunities across BCI. The candidate is also responsible for establishing and nurturing relationships with current and prospective management teams.

DIFFERENTIATING CHARACTERISTICS
Being a member on the Global Thematic team requires a unique skillset. It requires the ability to be self driven and resourcefully create structure from undeveloped thematic hypotheses. It also requires strong fundamental valuation and communication skills.

QUALIFICATIONS

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  Minimum of 2 years of experience in global investment management, consulting, or related fields is preferred.
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  Relevant degree and/or CFA is preferred
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  Strong research, financial modelling, analytical and valuation skills
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  Excellent communication skills, both written and verbal
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  Strong interpersonal skills and a history of working successfully in team environments
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  Eager, strong work ethic, and desire to learn
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  High ethical standards

PRIMARY RESPONSIBILITIES

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  Research and develop Resource Productivity Theme expertise
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  Identify and manage concentrated public equity positions that fit investment themes and will outperform global markets over the long-term
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  Conduct intensive fundamental analysis with a focus on the drivers behind long-term valuation and risks
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  Perform primary research, develop a network of industry contacts, visit companies, attend trade shows, etc.
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  Develop conviction in underappreciated Thematic insights that will result in long term financial expectations that differ from market expectations
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  Develop and maintain relationships with research contacts, management teams, and other stakeholders
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  Contribute to team performance through collaboration with other team members. This includes developing a base knowledge of other team members? portfolio holdings and themes to contribute insights and research
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  Work on various ongoing projects that build and improve on a common core of research for portfolio stocks
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  Help mentor and develop less experienced team members
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  Perform duties as directed by the Managing Director
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  Assist with the day-to-day management of the portfolio including and not limited to, responding to corporate actions, daily cash management, and implementing stock and FX trades
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  Embrace and demonstrate high ethical standards

WHERE YOU WILL WORK
Work hybrid from our downtown Victoria office, with a typical schedule of 3 days in the office and 2 days working from home.

The City of Victoria is consistently ranked amongst the top small cities to live worldwide. The Garden City is family friendly, with temperate weather, and close proximity to global destinations for skiing, surfing and year-round golf.

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
Canada?s Top 100 Employers ? for the fourth consecutive year - and has built programs and benefits to support all our employees, including;

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  Extended health and dental coverage, start on your first day of work. We have you covered!
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  Eligibility to the defined benefit
  BC Public Service Pension Plan providing you with a secure retirement income.
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  Time off includes: 20 days vacation, 6 paid sick days, 6 paid personal days, and 2 paid days for volunteering ? to support physical, mental, and community health.
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  A hybrid schedule offering you the flexibility to work from home up to two days a week.
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  Annual wellness allowance to support an active lifestyle well as physical well-being when working at home.
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  On-going learning through our in-house mentoring program, professional dues support, tuition reimbursement, and online and in-house learning.
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  As a pilot program in 2023, we are offering ?work from anywhere in the world for up to 1-month?.
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  Our telehealth provider Dialogue connects you and your family to virtual healthcare appointments.
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  Relocation support is available.

TO APPLY
Apply online with a copy of your resume. We encourage timely submissions of applications as candidates will be actively reviewed and the interview process may advance earlier.

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
hr@bci.ca .
We would like to hear from you!