Skip to main content

This job has expired

You will need to login before you can apply for a job.

Analyst/Senior Analyst, Financial Risk Office

Employer
Bank of Canada
Location
Calgary, Alberta
Salary
Competitive Compensation & Benefits Package
Closing date
Feb 3, 2022

View more

Job Function
Economics
Industry Sector
Central Bank, Regulator
Employment Type
Full Time
Education
Masters

Requisition Number:  7467
Position Type:  Permanent
Position Length:  Indeterminate
Location:  Calgary, AB, CA

Remote Work:  No, must be onsite
Closing Date:  February 3, 2022 23:59 EST

Analyst/Senior Analyst, Financial Risk Office


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.” No other employer in the country offers you the unique opportunity to work at the very center of Canada’s economy, in a diverse and inclusive organization with significant impact on the economic and financial well-being of all Canadians. 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.

Find out more about the next steps in our Recruitment process

Did you know?  
The Financial and Enterprise Risk (FER) department supports an enterprise-wide view of risk management across the Bank of Canada. Reporting to the Chief Operating Officer, the department is responsible for the oversight of enterprise and financial risks to the Bank and plays a meaningful role supporting the Bank’s vision, values and promise. FER has offices in Ottawa and Calgary.


Within FER, the Fiscal Agent risk section of the Financial Risk Office (FRO) monitors, reports and advises on financial risks arising from the Bank’s fiscal agent activities. These activities include management of the Government of Canada’s domestic debt program and management of its Official International Reserves. The FRO is split into three teams: Fiscal Agent risk, Bank of Canada risk, and Financial Risk Reporting.

What you will do 
Under the direction of the Assistant Director, you will provide financial risk advice and analytical expertise to FER senior management and various FRO clients. The Analyst/Senior Analyst contributes to the work of the team by providing analytic support regarding financial risk topics and issues. You will also conduct in-depth, longer-term analytic projects and undertake joint research assignments designed to improve risk exposure measurement techniques and controls. Furthermore, you will assist in the identification and development of information technology (IT) solutions for risk-management issues, coach more junior staff and provide feedback on the work of colleagues. Finally, you will also:

  • Monitor and report on financial risks such as interest rate risk, foreign exchange rate risk and credit risk
  • Build, maintain, and implement complex financial models using a variety of analytic tools (e.g. Matlab, Findur, Power BI)
  • Conduct analysis and research on financial risk-management challenges facing the Bank and the Government of Canada
  • Provide valuation expertise on various fixed income and derivatives instruments (e.g. cross-currency swaps)
  • Measure and attribute risk and performance for Canada’s foreign exchange reserves
  • Collaborate with colleagues across other teams involved in the portfolio management process

What you need to succeed 
The successful candidate possesses a solid understanding of risk-management practices and techniques, finance theory, macroeconomics, quantitative methods, and fixed-income financial market instruments. Along with a commitment to learning and self-development, the Analyst/Senior Analyst has a desire to seek out innovative solutions to complex problems to help build a stronger risk culture within the Bank. The ideal candidate is also comfortable working with big datasets. They also can build positive working relationships, provide insightful feedback on the work of teammates, and can communicate clearly (both written and oral) with the ability to adapt communication style for a broad range of audiences, including senior management.


Nice-to-have 

  • a completed professional designation, e.g., Chartered Financial Analyst (CFA), Financial Risk Manager (FRM)
  • proficiency with Findur, SQL, analytic applications such as Matlab, and/or advanced Microsoft Office functionality such as PowerQuery for Excel or Power BI.  

Your education and experience

  • a completed master’s degree (MSc Finance, MBA or MA Economics) with a minimum of two years of recent work experience in the area of risk management, fixed-income portfolio management/trading or related areas of research, or
  • an equivalent combination of education and experience may be considered 

​​​​​​​Note: This poster may also be used to staff additional temporary or permanent positions in Calgary or Ottawa.

What you need to know 

  • Language requirement: English or French essential
  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Reliability 
  • Relocation assistance may be provided, if required
  • Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
  • In response to the COVID-19 pandemic and further to public health guidelines, preventative measures are being taken to ensure health and safety during the recruitment process. All interviews are conducted virtually.
  • 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.

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.

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. For more information on key benefits please visit A great deal to consider

Senior FSS Analyst

  • Salaries are based on qualifications and experience and typically range from $96,560 to $120,670 (job grade 17)
  • Depending on performance, you may be eligible for performance pay for successfully meeting (7 to 10% of your base salary) or for exceeding expectations (15% of your base salary). Exceptional performers who far exceed expectations may be eligible for higher performance pay.

FSS Analyst
Candidates whose experience and/or educational background may not be at the level being recruited for will be considered for a position within the accelerated progression stream program. The accelerated progression stream is for economists and financial sector specialists and is defined by four levels P1 to P4.  In this program 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 $80,635 to $96,560 (job grade P3-P4).
  • During the progression, you are not eligible for performance pay. Instead 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

Diversity and Inclusion
We strive to make our policies, programs and workplace more inclusive, respectful and barrier-free. We encourage applications from women, Indigenous peoples, veterans, persons with disabilities, members of visible minorities and persons of all races, ethnic origins, religions, abilities, sexual orientations, and gender identities and expressions.

  • We make career growth and professional development a priority. We are committed to developing inclusive, barrier-free recruitment and selection processes, and a work environment that supports our diverse workforce.
  • Let our team know if you need accommodation or support during the recruitment process due to a disability or other reason. We can provide support in multiple ways, from using this site and submitting your application, right through to the interview process. If you are the successful candidate, you can also discuss accommodation needs when you receive your offer.
  • Contact accessiblecareers@bankofcanada.ca to discuss how.

Sign in to create job alerts

Sign in or create an account to start creating job alerts and receive personalised job recommendations straight to your inbox.

Create alert