City : Ottawa

Category : Other

Industry : Banking/Financial

Employer : Bank of Canada

Take a central role 
The Bank of Canada has a vision to be “a leading central bank—dynamic, engaged and trusted—committed to a better Canada.” The Bank offers the unique opportunity to work at the very centre of Canada’s economy, in a diverse and inclusive organization with significant impact on the economic and financial well-being of all Canadians. Employees are challenged, energized, and motivated to excel in an environment where they strive to be forward-looking and innovative, welcome people with diverse perspectives and talents, and work to live up to the Bank’s commitments. 

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.  

Most Analyst/Economist positions are located at the Head Office in Ottawa. Some positions could also be available in some of the Regional Offices across Canada. 

What you will do 
As an Analyst (Financial sector specialist), you can expect to:

• Conduct policy analysis 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 
• Prepare and deliver briefings in various areas of subject-matter expertise to senior management and Governing Council
• 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:

• Analyze and interpret macroeconomic and financial developments and their implications for the Canadian and global economy to build intuitive narratives that shape policy recommendations
• Prepare and deliver briefings in various areas of subject-matter expertise to senior management and Governing Council
• Participate in the staff economic monitoring and projections for the Canadian and global economy using a range of models, turning the latest economic developments into concise reporting and policy advice
• Publish staff papers and contribute to the production of a wide range of Bank publications, including the flagship Monetary Policy Report or the Financial System Review
• Build and maintain state-of-the-art modelling and forecasting tools for analysis 
• Conduct leading edge economic and financial research, leading towards journal publication, as well as analysis projects relevant for the conduct of monetary policy

 
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 have the skills to 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 have the capacity to 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 will have strong empirical skills and an advanced knowledge of quantitative methods using time-series, cross-sectional and pooled data. You will 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 will be committed to continuous learning and self-development.

Your education 
For your candidacy to be considered, you must have completed a master’s degree between 1 January 2020 and 31 December 2023, in one of the following areas of study: 

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

Positions will be filled throughout the year, from November 2022 to August 2023, based on operational needs. This opportunity will be posted two times a year, in September 2022 and in March 2023, and you only need to submit your application once to be considered. Note: If you applied to the 2021-2022 campaign (September 2021 or January/March 2022), we invite you to re-apply at this time. 

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

1. Current curriculum vitae (CV)
2. Cover letter (please tailor your cover letter to ensure you are describing why you are interested in working at the Bank, how this experience would help you further your aspirations, and how your course work and experience make you an exceptional candidate that we should select!) 
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 
    

Hybrid work model  
The Bank is conducting a trial of a hybrid working model which provides employees with the flexibility to telework for significant portions of each month. During the trial, employees will be expected to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person and to build connections with colleagues.  For the majority of employees, it is expected that onsite time will range from 5 to 10 days per month, depending on your role.  You must live in Canada, and within reasonable commuting distance of the office. 

Vaccination policy
Please note that the application of the Bank’s Covid-19 Vaccination policy has been temporarily suspended, effective June 20, 2022.  As a result, you will not be required to submit verification of your vaccination status before starting employment with the Bank.  However, please note that the Bank reserves the right to reintroduce vaccination requirements in the future if necessary to respond to changing public health advice andor government direction.
 
We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.

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

 
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 
• This poster may also be used to fill other term or regular positions that become available during the year