Analyst or Senior Analyst
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 Risk Officer, the department is responsible for the oversight of enterprise and financial risks to the Bank and plays a meaningful role supporting activities outlined our Medium-Term Plan (MTP). FER has offices in Ottawa and Calgary.
Within FER, the Financial Risk Office (FRO) monitors, reports and advises on financial risks arising from the Bank’s monetary policy and financial stability activities as well as those inherent in our balance sheet and pension fund. Additionally, the FRO monitors, reports and advises on financial risks for the Government of Canada – including those found within the government’s financial assets and liabilities and those related to the government’s Official International Reserves. The FRO is split into three teams: Oversight, Analytics, and Reporting.
What you will do
Under the direction of an 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 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 and control techniques. Furthermore, you will assist in the identification and development of information technology (IT) solutions for risk-management issues, mentor more junior staff and provide feedback on the work of colleagues. Other responsibilities of the broad FRO team include:
- monitoring and reporting on financial risks such as interest rate risk, foreign exchange rate risk and credit risk
- building, maintaining and running complex financial models using various analytic tools (e.g. Matlab)
- conducting analysis and research on risk-management topics and FRO business issues
- analyzing financial risk exposures within our balance sheet
- contributing to strategy development and measurement methodologies to manage the Bank of Canada’s climate-related financial risks
- calculating and attributing risk and performance for Canada’s foreign exchange reserves
What you need to succeed
You have a solid understanding of risk-management practices and techniques, finance theory, macroeconomics, quantitative methods and fixed-income financial market instruments. You are committed to learning and self-development. A desire to seek out innovative solutions to complex problems allows you to contribute to build a stronger risk culture within the Bank. You can build positive working relationships to help deliver on a variety of commitments, provide insightful feedback for your teammates and value a diversity of ideas. Lastly, you have a proven track record of communicating clearly and adapting your communication style (both written and oral) for a broad range of audiences, including senior management and external partners.
- a completed professional designation, e.g., Chartered Financial Analyst (CFA), Financial Risk Manager (FRM)
- experience analyzing climate-related financial risks
- proficiency with Findur, analytic applications such as Matlab, and/or advanced Microsoft Office functionality such as PowerQuery for Excel or Power BI.
Your education and experience
This position requires a completed master’s degree in Finance or Economics or a relevant field of study with a minimum of two years of recent work experience in the area of risk management, credit risk assessment, fixed-income portfolio management/trading or related areas of research; or an equivalent combination of education, professional designation and experience may be considered.
What you need to know
- Language requirement: English or French essential
- Priority will be given to Canadian citizens and permanent residents
- Security level required: Secret
- This position is located in Ottawa or Calgary. However, flexibility for remote work for the duration of the term may be granted
- There will be no relocation assistance provided
- 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.
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 $94,700 to $118,300 (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.
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 $66,100 to $94,700 (job grade P1-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 and dental coverage that meets your needs
- Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
- Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service
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. #LI-POST
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