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Requisition Number:  6706
Position Type:  Permanent
Position Length:  Indeterminate
Location: 

Calgary, AB, CA

Remote Work:  No, critical onsite role
Closing Date:  October 18, 2021 23:59 EST

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.

Operations 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 Bank of Canada has established an alternate site for Bank operations in downtown Calgary, with close to 100 employees. This Operations Analyst position will be located at the Calgary Operations Site (COS) and will share responsibility for conducting operations with colleagues located in both Calgary and at Head Office. Considered to be critical operational staff, the Operations Analysts are typically required to work onsite, as determined by the needs of the broader team.

 

What you will do  
The Financial Markets Department (FMD)  contributes to the fulfillment of the Bank’s financial system, funds management, and monetary policy objectives.  The Treasury, Auctions, and Settlements Systems (TASS) team in Ottawa and the TASS group in Calgary support those objectives through a range of financial market and treasury management activities on behalf of the Bank, the Government of Canada and other key stakeholders. In their day-to-day work, the broader TASS team works closely with colleagues in FMD and other departments at the Bank, as well as in the Department of Finance, to carry out the Government’s funding plan and manage their cash balances, manage the Bank’s balance sheet, implement monetary policy, and maintain well-functioning markets in Canada. 

 

The Operations Analyst is responsible for the analysis, execution and reporting of processes and transactions to support the operational activities of TASS across both sites. These activities include the daily forecasting and reconciliation of payment flows to determine the Bank’s cash position, the preparation and execution of cash and securities auctions for the Government and the Bank, the review and completion of securities contracts and margin calls, both domestic and foreign, and the co-ordination of securities pricing.

 

You will complete tasks in a timely and accurate manner, to meet critical deadlines for high-profile operations. You will utilize your business and systems knowledge to  recommend and implement solutions to novel and complex operational issues as they arise. You also will monitor, analyze and highlight trends related to operational activities, to support execution and planning. 

 

Will also actively contribute to systems development and changes under an Agile approach to project delivery. You will provide subject matter expertise, helping to define business requirements, collaborating on improvements, preparing and executing test cases, advising on adjustments to work processes and documenting new procedures. 


What you need to succeed
You are a great team player who can support the work of others as required. You are an analytic-thinker who can anticipate and identify problems, as well as contribute to timely, innovative solutions. You can communicate effectively, both orally and in writing.

You also have:

  • strong ability to work with numbers and perform calculations,  give attention to detail, and manage transactions/information outside of systems (e.g. securities contracts, settlement balances information)
  • good time-management skills, with the ability to set priorities and multi-task to ensure daily work is completed within deadlines while balancing longer-term projects 
  • investigative skills to pursue required actions or adjustments when systems fail
  • ability to learn applications and systems quickly (e.g. Bloomberg, FINDUR, HABS)


Nice-to-have 

  • experience within auctions, settlement balances and middle office functions
  • familiarity with financial markets and the Canadian financial system

 

Your education and experience
The position requires post-secondary education in business, accounting, finance or economics plus at least three years of relevant work experience in a financial/banking operations environment. An equivalent combination of education and experience may be considered.

 

 

What you need to know

  • Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Secret 
  • 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.
  • This poster may also be used to fill term positions that become available during the year.
  • 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.  

 

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

 

  • Salaries are based on qualifications and experience and typically range from $63,500 to $74,600 (job grade 14).This position provides an opportunity to progress to the evaluated level of the role (job grade 15) once the specific skills, knowledge and experience have been acquired.
  • Depending on performance, you may be eligible for performance pay for successfully meeting (5 to 7% of your base salary) or for exceeding expectations (10% 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, 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 #LI-POST