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FSS Senior Analyst

Job Description

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 centre of Canada’s economy, in an 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.


About the position
As a Senior Eco/FSS Analyst, you will conduct analysis relevant to the formulation and/or implementation of Bank policy in the areas of banking operations, funds management, monetary policy and financial systems. You will support the Banking operations team in providing detailed analysis leading to the on-going evolution of the payments clearing and settlement landscape which is being renewed and transformed world-wide.


Your future responsibilities

As part of the Funds Management and Banking Department (FBD), Strategy, Analysis and Systems Support (SASS) team, the Senior ECO/FSS Analyst participates in research projects linked to the department’s priorities. You will produce, analyze and evolve key reports issued from the Banking Operations team and play a key role in understanding and analyzing the interdependencies across several departments and teams. This includes policy development related to banking operations, Principles for Financial Market Infrastructures (PFMI), cyber resilience, financial crimes as well as in contingencies and several other areas of interest. You will provide comparative analysis and recommendations supporting decision making while taking into consideration the appropriate FBD stakeholders. FBD stakeholders include other teams within the department (including the foreign and domestic debt teams), other departments and functions within the Bank (including the Financial Stability Department and Financial Markets Department), and key external stakeholders such as the Government of Canada, Payments Canada, foreign central banks, financial institutions, and financial market infrastructures.


Key responsibilities of the position include:

  • contributing high quality analysis in support of banking of operations activities, strategic decisions, and policies
  • contributing to the reporting of banking operations activities which support all functions of the Bank of Canada
  • participating in the forecasting work of the department 
  • conducting in-depth analysis, lead projects, and undertake joint research assignments
  • bringing a wide range of considerations and perspectives to issues and suggest topics that warrant further analysis 
  • providing feedback to colleagues 
  • building relationships with external parties, e.g., government and international agencies, other central banks, financial market participants and organizations, and outside academics, for the purposes of collaboration, knowledge sharing, research, and analysis 
  • Providing subject matter expertise related to financial systems and funds management to internal and external committees 
  • Providing insight and direction in reducing operational risks as required 


Specialist Experience

Your education and experience

  • a completed master’s degree in economics or finance, or MBA


  • an equivalent combination of education and experience may be considered


Your knowledge and skills 
We are looking for an independent self-starter as well as a strong collaborator and team player who has experience coaching junior staff, including the ability to develop positive working relationships by supporting team decisions, addressing conflicts, and promoting co-operation and partnerships. You should have excellent written and verbal communication skills which enables you to write policy documents and present your findings to management. Your strong interpersonal skills will allow you to deal with partial information, change, multiple priorities, and a diversity of internal and external stakeholders.  Your strong data analysis skills are essential and provide you with the ability to analyze complex banking operations and central banking issues and to initiate and undertake in-depth research projects related to banking operations and central banking.


You have knowledge of the following: 

  • payments systems
  • Canadian and international financial systems
  • key drivers and policies affecting the operational resilience of the financial system, including cyber resilience


Language requirement
English or French essential


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.

  • Salaries are based on qualifications and experience and typically range from $97,400 to $120,300 (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.
  • 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



Please note that all information in this job description is accurate at the time of posting. Please be aware that companies may change details and/or closing dates without notice.

Job Summary

Bank of Canada
  • Canada
  • Finance
Job Type
  • Full-time
  • Negotiable
18 April 2019
Applications Deadline
01 June 2019

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