Associate Director, Government Funds - Life Sciences

Requirements

• Experience and qualifications
• Minimum of a Bachelor's degree in a relevant scientific field (e.g., life sciences, biotechnology, medicine, pharmacy, or related disciplines), ideall

Benefits

Additional Information

We are banking at another level. Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs. Choosing BDC as your employer also means: Flexible and competitive benefits , including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a few In addition to paid vacation each year, five personal days , sick days as necessary , and our offices are closed from December 25 to January 1 A hybrid work model that truly balances work and personal life Opportunities for learning , training and development , and much more... Explore the BDC Way in our Culture Book Location: Montreal or Ottawa preferred Join a team shaping Canada's venture capital ecosystem At BDC, the Government Funds team manages capital on behalf of the Government of Canada to strengthen and grow Canada's venture capital market. This includes deploying $350M under the Venture Capital Action Plan (VCAP), $450M under the Venture Capital Catalyst Initiative (VCCI), and $450M under the Renewed Venture Capital Catalyst Initiative (Renewed VCCI) . These programs totalling $1.2B AUM (including $65M+ in life sciences) are designed to crowd in private capital and support fund managers across the Canadian venture capital asset class. Building on this foundation, BDC is now deploying the $1B Growth Venture Capital Catalyst Initiative (Growth VCCI) , a landmark platform focused on scaling Canada's most promising funds and innovative companies, including an allocation of $200M in life sciences. This is a unique opportunity to work at the intersection of investment, policy, and ecosystem development , with direct exposure to the most prominent Canadian fund managers while contributing to a national priority initiative shaping Canada's innovation economy, with a dedicated focus on strengthening Canada's life sciences venture capital ecosystem. POSITION OVERVIEW As an Associate Director focused on Life Sciences, you will combine investment judgment, governance expertise, and relationship management to support the deployment and oversight of government-backed venture capital programs, with a primary focus on life sciences funds and investments. In addition to investment and portfolio responsibilities, you will play a key role in sector advocacy, contributing to the development and promotion of a stronger life sciences venture capital ecosystem in Canada. This includes engaging with industry participants, supporting thought leadership, and helping shape program approaches for the sector. CHALLENGES TO BE MET Investment & Deal Execution Lead investment processes across fund commitments in the context of competitive calls for expressions of interest, with a focus on life sciences fund managers Contribute to deal underwriting, structuring, negotiation, and closing processes, including engagement in legal negotiations from a business perspective and alignment on terms with fund managers Fund Oversight & Governance Serve as a representative on portfolio funds' LPACs, with a focus on life sciences investments Monitor fund performance, governance, and compliance with fund agreements and program requirements Provide strategic insight and constructive challenge to enhance fund outcomes Life Sciences Ecosystem Engagement & Advocacy Build and maintain strong relationships with life sciences fund managers, investors, entrepreneurs, and industry stakeholders Actively contribute to BDC's visibility and leadership in the life sciences VC ecosystem, including participation in events, panels, and industry initiatives Support the development of sector insights, positioning materials, and thought leadership related to life sciences investing in Canada Contribute to identifying opportunities to strengthen the life sciences venture capital asset class, including emerging managers and capital gaps Program Execution & Reporting Contribute to the delivery and continuous improvement of program frameworks, processes, and governance standards Support the preparation of quarterly and annual reporting, performance dashboards, and stakeholder communications Ensure high standards of rigour, accuracy, and timeliness in all reporting outputs Team Contribution Mentor and support junior team members Contribute to a collaborative, high-performance culture Share knowledge and insights to increase team's understanding of the life sciences sector

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