DIRECTOR, GOVERNMENT FUNDS - Montreal, Ottawa & Toronto

BDC•Montreal, QC

1d•Hybrid

About The Position

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 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. 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.

Requirements

Minimum of a Bachelor degree in Commerce or a related discipline (finance, accounting, law or business administration preferred), or an equivalent combination of academic training and relevant professional experience.
10 years+ experience in venture capital, private equity, or growth investing, with direct exposure to deal-making at the fund level as well as investment underwriting, structuring, business and legal negotiations and execution.
Demonstrated expertise in venture capital fund structures, LPAs, governance frameworks, and policy-driven investment programs.
Demonstrated ability to lead complex negotiations and manage multiple high-priority initiatives simultaneously.
Significant experience serving on LPACs, Boards of Directors, or equivalent governance bodies.
Ability to manage complex stakeholder relationships involving fund managers, institutional investors, government representatives, and senior executives.
Strong understanding of the Canadian venture capital ecosystem and a well-established network of industry relationships.
Experience leading, coaching, and developing high-performing teams.
Strong strategic and investment judgment.
Demonstrated leadership and people management capabilities.
Excellent communication, influencing, and stakeholder management skills.
Ability to align operational execution with broader policy, program, and organizational objectives.
High level of rigour, organization, and attention to detail.
Ability to operate effectively in a complex, fast-paced, multi-stakeholder environment.
Collaborative mindset with a commitment to team development, knowledge sharing, and excellence.

Responsibilities

Lead complex business and legal negotiations with fund managers and external stakeholders for execution of program delivery including fund investments.
Provide strategic oversight of investment activities across the portfolio, ensuring alignment between policy objectives, portfolio construction considerations, and market dynamics.
Provide senior investment judgment and guidance on fund performance, risk management, and portfolio development matters.
Serve as BDC’s representative on portfolio funds’ LPACs and other governance bodies.
Monitor fund performance, governance, and compliance with fund agreements and program requirements.
Provide strategic insight and constructive challenge to support strong governance practices and enhance fund outcomes.
Guide fund managers on governance and operational best practices to strengthen the long-term sustainability of the venture capital ecosystem.
Demonstrate leadership in team meetings and operations processes, ensuring effective resource allocation, quality control, operational excellence, and alignment with strategic priorities.
Ensure the timely and accurate execution of operational activities, including capital calls, distributions, reporting, and stakeholder deliverables.
Provide coaching, mentorship, and leadership to a team of Analysts, fostering a collaborative, high-performance culture focused on continuous improvement and professional development.
Identify capability and capacity gaps, oversee recruitment and onboarding activities, and promote knowledge sharing and best practices across the team.
Provide strategic input into the design, implementation, and continuous improvement of current and future government investment programs.
Respond to complex and time-sensitive requests from internal and external stakeholders while maintaining a high standard of service and professionalism.
Oversee the preparation and dissemination of quarterly and annual reporting, performance dashboards, and stakeholder communications.
Ensure high standards of quality, consistency, accuracy, and timeliness across all reporting outputs and program deliverables.
Build and maintain strong relationships with fund managers, institutional investors, ecosystem stakeholders, and government partners.
Represent BDC Capital and Government Funds at industry conferences, panels, events, and stakeholder forums.
Stay closely connected to venture capital trends, market developments, and emerging opportunities to support strategic decision-making.
Support and lead thought leadership initiatives, market studies, and research projects that generate insights from government investment programs and portfolio activities.

Benefits

Flexible and competitive benefits
Employee Savings and Investment Plan where BDC matches part of your voluntary contributions
Defined Benefit Pension Plan
$750 wellness and health care spending account
Paid vacation each year
Five personal days
Sick days as necessary
Offices are closed from December 25 to January 1
Hybrid work model
Opportunities for learning, training and development