Job Description
BDC has a long history of working with Indigenous entrepreneurs and appreciates their unique histories, cultures and contributions in Canada. We stand in solidarity with all Indigenous peoples and are committed to listening, learning and taking action towards Reconciliation.
The Business Development Bank of Canada (BDC) is a different kind of bank. As a Crown corporation wholly owned by the Government of Canada, BDC is devoted to Canadian entrepreneurs. With over 60,000 clients and $52.1 billion committed to small and medium-sized businesses, BDC helps create and develop strong Canadian enterprises through financing, growth and transition capital, venture capital, and advisory services. The bank’s team of 2,900 employees supports entrepreneurs in all industries and at all stages of development, operating from more than 123 business centres across Canada and online at bdc.ca. Headquartered in Montreal, BDC has been committed to the long-term success of Canadian entrepreneurs since its founding in 1944, understanding that a business is more than just dollars and cents. Complementing the role played by private-sector financial institutions, BDC’s debt obligations are secured by the Government of Canada and issued to public and private-sector institutions.
BDC aims to empower a nation of dreamers and doers to build a better tomorrow for all. Their strategic objectives aim to support Canadian entrepreneurs in building strong and resilient businesses and, in doing so, contribute to creating a more prosperous, competitive, and inclusive Canada. It is within this context that BDC invites nominations and applications for the role of Managing Director, Black Entrepreneurs Fund, a position that oversees a $100-million-dollar investment fund specifically focused on growing and supporting the number of Black-entrepreneur-led companies in Canada.
The Managing Director is responsible for the overall leadership of the Black Entrepreneurs Fund. This individual has a passion for supporting the growth of entrepreneurs, is a true model and champion of innovation, and is a compelling and dynamic leader. With a strong understanding of, or direct expertise in, investments, finance, or capital markets, the Managing Director will oversee the design of investment vehicles that generate returns while bringing much-needed equity capital to this ethnocultural segment of the market. They will represent BDC in the ecosystem as part of the Impact Platform and be responsible for the execution of the mandate, working with key partners in the marketplace and specifically with the Black community across Canada.
Qualifications
Among the qualifications being sought in candidates, the incoming leader must have a deep and abiding commitment to advancing reconciliation, equity, diversity, inclusion, and accessibility in all its forms and must believe, intrinsically, in the importance of leading with curiosity and welcoming ideas that can later be synthesized and turned into possibility. While all candidates are encouraged to apply and, in so doing, share how they see themselves adding value to the BDC environment, the following credentials and/or experiences are seen as possible markers of the candidates most likely to realize success in the role: A) in-depth knowledge of industry dynamics across tech and non-tech sectors, with a keen awareness of long-term market trends, emerging opportunities, and the ability to identify and quantify sector-specific and segment-specific industry risk factors; B) exceptional skill in sourcing investments and thinking creatively about investment opportunities; C) a comprehensive understanding of the product development lifecycle, various development methodologies, and effective growth and pricing strategies; D) experience collaborating with venture capitalists, accelerators, and incubators to deliver programs to market, ideally within an agile environment, and; E) an undergraduate degree from a recognized university, with an MBA credential seen as an asset.