Payments & Banking Co-op/ Internship (Fall 2026 & Winter 2027)

Closing date: May 31, 2026

Step into the world of institutional payments at one of Canada's largest investors. BCI's Payments & Banking team sits at the intersection of financial markets, technology, and operational risk — and we're looking for a motivated co-op/intern to join us for Fall and Winter (preferred) 2026/2027 (September to April), with a four-month Fall 2026 option also available. This is an active period for the team: we're onboarding new banking partners, modernizing our payment infrastructure, and building out controls for next-generation payment systems. If you want real exposure to how institutional money moves — not just theory — this is your opportunity.

WHAT YOU NEED TO KNOW

BCI manages a globally diversified portfolio of assets valued at $295 billion and is one of Canada’s largest institutional investors. We invest globally to support pension and other funds for more than 30 clients based in British Columbia. We are proud to have been chosen as one of Canada’s Top 100 Employers and BC’s Top Employers. These national and provincial competitions recognize employers who offer exceptional workplaces for their employees.

The Payments & Banking team is a small, specialized group within Investment Operations responsible for the end-to-end lifecycle of institutional payments at BCI. Our work spans SSI management, payment execution, banking relationships, SWIFT messaging, and AML/fraud controls. As a co-op with us, you won't be on the sidelines — you'll engage directly with payment workflows, technology platforms, and real problem-solving that impacts how billions of dollars move on behalf of BCI's clients. You’ll also gain exposure to private market deal flows.

WHO YOU WILL WORK WITH

Investment Operations (IO) is made up of four branches: Derivatives, Collateral & Engineering; Trade Management; Cash Operations; and Business Solutions. Together, we deliver end-to-end capabilities across trade settlements, derivatives, collateral management, foreign exchange, and cash services. The Payments & Banking team sits within IO but interacts with virtually every department at BCI — from portfolio managers to technology to client services — giving you unusually broad exposure for a co-op role.

WHAT YOU WIL BE DOING

• Build automated solutions to streamline payment and reconciliation workflows (real impact, not just "explore")

• Support end-to-end payment execution, including review and quality control of payment instructions across multiple platforms

• Research and summarize emerging trends in payments (e.g., ISO 20022/MX migration, real-time payments, open banking) and contribute to team discussions

• Participate in application testing and contribute to procedure and controls documentation

• Produce and refine monthly KPI reporting packages for team and management use

• Contribute to ad-hoc projects across the team's active workstreams

REQUIRED SKILLS

• Familiarity with financial markets and institutional investing concepts

• Strong attention to detail

• Ability to work effectively under pressure and meet tight deadlines

• Comfort navigating ambiguity and shifting priorities in a fast-moving operational environment

• Ability to communicate professionally, clearly and concisely, both orally and in writing

• A learner’s mindset, with a keen interest in continuous professional development

• Proficiency in Excel and Microsoft Office, and the ability to work with large data

• Knowledge of R-studio and/or VBA is an asset

• SWIFT knowledge/experience is an asset

• Banking experience is an asset

WHAT WE OFFER

• Excellent career development and training with hands-on learning in a high-stakes operational environment — you'll gain direct exposure to institutional payment infrastructure, SWIFT messaging, banking platforms, and the controls frameworks that protect BCI and its clients

• Work with a dynamic team in a fast-paced environment

• The development of real-world skills at one of the largest institutional investors in Canada

• Exposure to some of the most talented, approachable, and inspiring people in the industry

• The ability to opt-in for access to Dialogue, a user-friendly app that offers virtual primary care, employee and family services, and mental health supports

• Time to connect with co-op students & interns at BCI – build your network and shared learning

• 2 paid days per year for volunteering

• Competitive pay: $2,330.00 gross bi-weekly or $2,155.00 gross bi-weekly + vacation leave paid based on 6% of salary ($2,330.00 gross biweekly for those with (or working towards) a graduate degree or joining the Investment Strategy & Risk department and $2,155.00 gross biweekly for those with (or working towards) an undergraduate degree, diploma, or certificate)

• Travel: if coming to Victoria for this work term, BCI will provide a fixed-rate travel allowance based on your location

THE DETAILS

• Work term Options: Fall 2026 (September to December) or Fall 2026 and Winter 2027 (September to April)

• Department: Investment Operations

• Office Location: 750 Pandora Avenue, Victoria, BC

• Spend your off hours exploring beautiful Victoria and Vancouver Island

• All co-ops/internships will need to be completed in person at our Victoria office with the option to work one day per week from home. Please note, some positions are not eligible for hybrid work.

HOW TO APPLY

• Apply directly to the Payments & Banking Co-op/Internship posting on our careers page https://bci.wd10.myworkdayjobs.com/BCI_Careers

• Application deadline: May 31st, 2026 at 11:59pm PDT

• Please upload a cover letter, resume, and transcripts (unofficial transcript will suffice)

• Note: We welcome applications from all qualified candidates who are interested in applying for this role. You will need to be legally authorized to work in the country where this job is located. If you currently do not have authorization or if your work permit, study permit, or visa has restrictions or is due to expire during the work term, you may not be eligible for this opportunity.

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 co-op@bci.ca.

We would like to hear from you!