Vice President, Cash, Derivatives, Collateral

About the role

With $295.0 billion of gross assets under management, as of March 31, 2025, 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: Tuesday July 7, 2026 BCI is one of the few institutional investors in Canada where derivatives, collateral management, and cash operations are led under a single mandate, and it's intentional. As Vice President, Cash, Derivatives & Collateral, you'll managing everything from OTC derivative valuations and SIMM/UMR compliance to FX hedging strategies, securities lending, and cash optimization across BCI's multi-client, multi-fund platform. If you've built deep derivatives expertise but have always wanted the scope to lead across functions - this is that role. Investment Operations (IO) delivers institutional-grade capability across cash management, derivatives and collateral, foreign exchange, trade settlement, corporate actions, and custodian oversight. Partnering with BCI's investment teams to design and execute end-to-end solutions that translate investment strategy into operational reality. The department manages this capability entirely in-house, supported by internally built quantitative models, AI-powered liquidity tools, and automated workflows that operate at the forefront of the industry. The Vice President of Cash, Derivatives and Collateral (CDC) leads two of BCI's operationally critical and technically specialized teams: Cash Management and Derivatives & Collateral. Together, these teams are responsible for ensuring that every dollar BCI manages is always working, always protected, and always where it needs to be on time, every day, across our clients and a global investment program. Cash Management - centralizes client liquidity across short and medium-term horizons. The team manages money market activity, coordinates FX requirements across clients, provides bridge financing when settlement timing creates funding gaps, and delivers daily liquidity intelligence to BCI's Asset Allocation Committee. Derivatives & Collateral - delivers market access across ETD and OTC derivatives, manages passive and active FX hedging programs for illiquid asset classes and clients, oversees centralized collateral management under ISDA/GMRA frameworks, and runs BCI's securities lending program. The team manages all derivative valuations, lifecycle events, and daily margin obligations. This team partners closely with investment teams on derivative strategies tied to specific investment programs. WHO YOU WILL WORK WITH Reporting to the Senior Vice President, Investment Operations, the Vice President works with various corporate stakeholders and external counterparties. They ensure strong partnerships across the organization and that the IO department and branch plans align to corporate objectives. The Vice President inspires commitment from their team, creating a culture of high performance and engagement. They work with a great deal of autonomy to prioritize and implement corporate and operational initiatives within their branches. They represent their team on cross functional senior leadership teams and participate and present in various forums, workgroups, and committees. The position is responsible for overseeing the custodian relationship through due diligence activities in their specific area and contributing at an enterprise level WHAT YOU BRING Relevant university degree or diploma (emphasis on Business, Economics, Finance, or related field) Professional designation (e.g., CFA, CA, CPA, MBA, CAIA, FRM) or industry accreditation is an asset 12+ years of progressive, related experience (preferably with a large asset management, investment firm, or banking institution) managing a team of professional. An equivalent combination of training, education and experience will be considered A broad and deep understanding of global capital markets, financial instruments, data components, accounting principles, unitized pool transactions, corporate actions and global payment and settlement mechanisms with the ability to create strategies that leverage BCI's competitive advantages and identify emerging trends Expertise in the are

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