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Associate Director, Governement Funds

Job in Ottawa, Ontario, Canada
Listing for: BDC
Full Time position
Listed on 2026-06-23
Job specializations:
  • Finance & Banking
    Financial Analyst
  • Business
    Financial Analyst
Job Description & How to Apply Below
Position: ASSOCIATE DIRECTOR, GOVERNEMENT FUNDS

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 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
    .

    POSITION OVERVIEW

    As an Associate Director, you will combine investment judgment, governance expertise, and relationship management to support the deployment and oversight of government-backed venture capital programs, including VCAP, VCCI, Renewed VCCI, and upcoming Growth VCCI.

    You will play a central role in investment execution, fund oversight, and portfolio management, while engaging closely with fund managers, institutional partners, and internal and stakeholders including Government.

    CHALLENGES TO BE MET

    Investment & Deal Execution

  • Lead investment processes across fund commitments in the context of a competitive call for expressions of interest on behalf of the Government
  • 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
  • Monitor fund performance, governance, and compliance with fund agreements and program requirements
  • Provide strategic insight and constructive challenge to enhance fund outcomes
  • Portfolio & Ecosystem Engagement

  • Build and maintain strong relationships with fund managers, ecosystem stakeholders, and government partners
  • Stay closely connected to venture capital trends and market developments
  • Represent BDC in the ecosystem to strengthen program visibility and impact
  • 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
  • WHAT WE ARE LOOKING FOR

    Experience and qualifications

  • 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…
  • Position Requirements
    10+ Years work experience
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