City : Ottawa

Category : Other

Industry : Banking/Financial

Employer : Bank of Canada

Analyst or Economist (Master's Degree, Recent Graduates)

Take a central role 
Each year, the Bank of Canada seeks Master’s graduates to take an active role in economic research, analysis and forecasts, as well as the formulation and/or implementation of monetary policy, and to participate in a wide variety of projects to support the Bank’s core functions.  

The Bank of Canada has a vision to be “a leading central bank—dynamic, engaged and trusted—committed to a better Canada.” You will be challenged, energized and motivated to excel in an environment where we are reinventing central banking, renewing ways of doing business and reinforcing a culture of innovation. No other employer in the country offers you the opportunity to work at the very centre of Canada’s economy, in an organization with significant impact on the economic and financial well-being of all Canadians.

Find out more about the next steps in our Recruitment process. 

What you will do 
As a Financial Sector Specialist (FSS) Analyst, you can expect to:

• develop policy which helps foster a stable and efficient financial system, and well-functioning markets;
• monitor and analyze financial markets to support monetary policy implementation and financial stability.
• analyze the federal government’s borrowing strategy, the investment of Canada’s foreign exchange reserves, or advise the Government on the measurement and control of market, credit, liquidity, and operational risks; 
• oversee payment and securities clearing and settlement systems integral to the resilience of Canada’s financial system to ensure risk is adequately controlled

 
As an Economist, you can expect to:

• Build and maintain tools for analysis;
• participate in the staff economic nowcast and projections for the Canadian and global economy using a range of models, respecting the timeline of the fixed announcement dates;
• analyze and interpret macroeconomic and financial developments and their implications for the Canadian and global economy;
• support the production of the Monetary Policy Report or the Financial System Review;
• prepare and deliver briefings in various areas of subject-matter expertise;
• work on specific projects, and provide analysis relevant for the conduct of monetary policy;
• Analyze and work with numerous data sources, including confidential and administrative data and powerful computing capabilities, including the cluster.

What you need to succeed
You will initiate and undertake in-depth research projects, analyze complex economic and policy issues, provide insight, discover alternative approaches, and generate innovative solutions. You will also prepare analytical notes and briefing material for Governing Council and respond to requests from senior leadership and other departments.

You will clearly and compellingly communicate information and ideas to a variety of target audiences. You will work on multiple projects which will require you to prioritize your work effectively, setting priorities to ensure follow-through and project completion in a timely manner.

You need strong empirical skills and an advanced knowledge of quantitative methods using time-series, cross-sectional and pooled data. You should be proficient with statistical software and programming languages such as MATLAB, Stata, Eviews, VBA or R.

You will also work collaboratively and build relationships with internal and external partners (e.g., government and international agencies, other central banks, financial market participants and organizations, and outside academics) to share knowledge, research and analysis. You are committed to continuous learning and self-development.

Your education and experience
For your candidacy to be considered, the completion date for your Master’s degree must be between January 2019 and 31 December 2022.  
The Master’s degree should be one of the following areas of study: 

Economics/Finance/Computer Science/Mathematics/Statistics/Business Administration (MBA)

Note - Positions will be filled throughout the year, from November 2021 to August 2022 based on operational needs.

In addition, we will post this opportunity three times a year, in September, January and April. If you have already applied, you do not have to do so again, as your application will still be available.

Application Process

All applicants must submit a completed online application including the following MANDATORY:

1. a current curriculum vitae
2. cover letter (please tailor your cover letter to ensure you are describing why you are interested in working at the Bank, which position interests you the most (Analyst or Economist), and explain how this experience would help you further your career or research aspirations) 
3. official transcripts of your undergraduate academic record and the highest level of studies previously completed, if applicable. Relevant courses you have attended must be clearly identified by their course titles 
    

Vaccination: In response to the COVID-19 pandemic that was declared by the World Health Organization, the mandates issued by the federal government, and the direction provided by public health authorities, the Bank of Canada requires all new employees to be fully vaccinated prior to their start date.  If you are the selected candidate, you will be asked to first attest your vaccination status at the reference stage and will then be required to submit proof of vaccination status or request accommodation for a legitimate medical, religious reason or other human rights-based grounds at the offer stage as part of the offer process.

What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career.

The accelerated progression stream is for economists and analysts (financial sector specialists) and is defined by four levels P1 to P4.  The program where the employees acquire the skills over a number of years to reach the working level of a Senior Economist/Senior Analyst at the job grade 17.

• Salaries are based on qualifications and experience and typically range from $67,335 to $80,635 (job grade P1-P2).
• During the progression, you are not eligible for performance pay given that performance is rewarded via a faster rate of progression through the salary range.

Additional benefit information:

• Flexible and comprehensive benefits so you can choose the level of health, dental, disability and life and/or accident insurance coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Indexed, defined-benefit pension plan
• Hybrid Work Model: The Bank is moving towards a hybrid working model which will allow most employees to telework up to 50 percent of the time, balanced over a two-week period.

For more information on key benefits, please visit www.bankofcanada.ca/careers/working-here.

Additional information

• Language requirement: English or French essential 
• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability or Secret 
• Relocation assistance may be provided, if required 
• We currently have 5 positions available
• This poster may also be used to fill other term or regular positions that become available during the year

Vaccination: In response to the COVID-19 pandemic that was declared by the World Health Organization, the mandates issued by the federal government, and the direction provided by public health authorities, the Bank of Canada requires all new employees to be fully vaccinated prior to their start date.  If you are the selected candidate, you will be asked to first attest your vaccination status at the reference stage and will then be required to submit proof of vaccination status or request accommodation for a legitimate medical, religious reason or other human rights-based grounds at the offer stage as part of the offer process.

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted. #LI-Hybrid