Vice President, Cash, Derivatives, Collateral

BCI•Victoria, BC

1d•CA$185,000 - CA$230,000•Onsite

About The Position

BCI is seeking a Vice President, Cash, Derivatives & Collateral to manage 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. This role offers the scope to lead across functions within Investment Operations, which delivers institutional-grade capability across cash management, derivatives and collateral, foreign exchange, trade settlement, corporate actions, and custodian oversight. The department manages this capability entirely in-house, supported by internally built quantitative models, AI-powered liquidity tools, and automated workflows. The Vice President will lead the Cash Management and Derivatives & Collateral teams, ensuring that all managed funds are optimized, protected, and settled on time daily across clients and the global investment program. The Cash Management team centralizes client liquidity, manages money market activity, coordinates FX requirements, provides bridge financing, and delivers daily liquidity intelligence. The Derivatives & Collateral team manages market access for ETD and OTC derivatives, FX hedging programs, collateral management under ISDA/GMRA frameworks, and the securities lending program, including derivative valuations, lifecycle events, and margin obligations.

Requirements

Relevant university degree or diploma (emphasis on Business, Economics, Finance, or related field)
12+ years of progressive, related experience (preferably with a large asset management, investment firm, or banking institution) managing a team of professional.
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 areas of regulatory reporting, Uncleared Margin Rules, requirements for calculating Initial Margin applying SIMM methodology, as well as techniques to drive cost savings by optimizing collateral management and security lending decisions.
Expertise in treasury management, cash optimization techniques, banking portals, negotiating service standard contract terms of direct banking agreements.
Advanced knowledge & skills in the use and implementation of quantitative valuation models and analytics supporting derivatives, investments and funding decisions (e.g. derivative engineering models, Bloomberg AIM, ICE Portfolio Analytics, TriOptima, MarkitWire, RStudio, Python, VBA, SQL).
Proficient at developing and delivering multi-mode communications that convey a clear understanding of complex concepts tailored to the unique needs of different audiences.
Ability to anticipate complex challenges the organization may face in the future, manage complexity by thinking critically and capitalizing on changing technology to mitigate risk, while maintaining strong internal controls.

Nice To Haves

Professional designation (e.g., CFA, CA, CPA, MBA, CAIA, FRM) or industry accreditation is an asset
An equivalent combination of training, education and experience will be considered

Responsibilities

Defines and develops the strategic direction and roadmap for Cash and Derivatives, ensuring delivery of services and products for asset classes and clients.
Ensures systems and capabilities for Cash Operations are implemented in line with BCI internal and external controls.
Manages the overall budget for Cash and Derivative branches and oversees end-to-end processes.
Acts as an escalation point for operational or business issues related to Cash and Derivatives by providing leadership and acting decisively; raises issues to internal audit and compliance with resolutions.
Collaborates with internal partners to provide critical analysis and solutions to support decision making for senior management committees.
Develops counterparty networks through reviews and negotiation of banking and credit agreements (e.g. ISDA, CSA, GMRA, Give-up, etc.), and makes decisions according to BCI policies, ensuring risks are identified and managed.
Empowers Cash and Derivatives employees to build a cohesive team by providing leadership over recruitment, training, retention, equity, diversity, inclusion, and performance management.
Leads by example and builds the BCI culture and values by setting appropriate expectations for the team and works in collaboration with internal/external partners.
Contributes towards the organization’s vision and strategy, ensuring that efforts are prioritized to support them by developing a business plan for their area based on evolving market dynamics and corporate, department, and branch objectives with the goal of improving efficiency, profitability, and managing risk.
Develops and manages the execution of branch budgets through corporate annual planning process and analyzes budget reports and forecasts to maintain expenditure control.
Evaluates innovative approaches and develops proposals that enable operational excellence.
Takes calculated risks to deliver significant long-term value to the business by managing competing priorities, with ability to quickly meet critical deadlines, making decisions to resolve issues and providing recommendations independently using principles, values in the absence of precedents.
Acts as a “change agent”, encouraging and advising on how to streamline and automate business processes and delivering on client service excellence, driving the branch to reach optimal service-oriented performance levels, instilling a solutions-oriented mindset with KPI’s to track progress.
Approves frameworks and controls for the valuation and P&L optimization of lifecycle events for listed and OTC derivatives across equity (TRS, basket swaps, index and equity options), Fixed Income (vanilla swaps, cross currency, OIS, basis swaps), FX (options) and Credit (CDS and CDS Index Options), including lifecycle events and reset management and amendments (fixing’s cash flows).
Accountable for the effectiveness of operational framework for the management of cash, FX and currency hedging strategies for illiquid asset classes and clients.
Approves the frameworks for cash and collateral management funding activities according to defined objectives and ensures the optimization the liquidity for BCI.