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 relevant professional experience
5 years+ experience in venture capital, private equity, or growth investing, with direct exposure to deal-making at the fund and/or company level as well as investment underwriting, structuring, business and legal negotiations and execution
Experience in governance roles, including participation in LPACs and/or Board-level or equivalent oversight experience
Strong understanding of fund structures, LPAs, governance frameworks, and performance dynamics
Ability to manage complex stakeholder relationships with fund managers and institutional partners
Core competencies
Strong analytical and investment judgment
Excellent communication and influencing skills
High level of rigour, organisation, and attention to detail
Ability to operate in a fast-paced, multi-stakeholder environment
Collaborative mindset with a commitment to team development and excellence
The position is primarily based in Montreal or Ottawa, with a preference for these locations. Toronto is also acceptable.
BDC is committed to building a diverse, equitable and inclusive workplace that reflects the communities we serve. We are dedicated to providing an environment where all employees feel valued, respected and able to reach their full potential. We welcome applications from individuals of all backgrounds and encourage candidates to request accommodation at any stage of the recruitment process.
Proudly one of Canada’s Top 100 Employers and one of Canada’s Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application, please do not hesitate to contact us at accessibility@bdc.ca.
While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.