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Requisition Number:  3612
Position Type:  Permanent
Position Length:  Indeterminate

Calgary, AB, CA

Closing Date:  March 31 2020 - 23:59 EST

Diversity and Inclusion
As one of Canada’s Top 100 Employers, we offer you a superior work environment that allows you to reach your full potential both professionally and personally. 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 to discuss how.

Principal Trader 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.


About the position
The Financial Markets Department (FMD) supports the Bank’s monetary policy, funds management, and financial system functions. While the market and banking operations are based primarily in Ottawa, the Bank has established an alternative site for its operations in Calgary, in accordance with resilience best practices. FMD’s market operations team in Calgary comprises three sections which support and mirror Ottawa-based teams.  The three sections are the Foreign Reserves Management (FRM) section, the Market Analysis and Operations (MAO) section and the Treasury, Auctions and Settlement Systems (TASS) section.  FMD is currently seeking a Principal Trader Analyst for its Foreign Reserves Management (FRM) section at its Calgary site. This position will require occasional travel to Ottawa.


The FRM team in Ottawa and the FRM section in Calgary are responsible for the management of Canada’s international reserves portfolio. The foreign currency fixed-income portfolio is managed in accordance with the Currency Act and formal investment guidelines and in close consultation with other teams at the Bank, including from the Funds Management and Banking Department (FBD), and at the Department of Finance. The FRM team and the FRM section also manage the federal government’s foreign currency liabilities used to fund the foreign exchange reserves, in compliance with the Financial Administration Act and in consultation with other teams at the Bank, including in FBD, and at the Department of Finance.


Your future responsibilities
As a Principal Trader Analyst in Calgary, you will be responsible for undertaking and overseeing operations, and for actively managing operational and financial risks.  You will provide operational and knowledge leadership, guidance and feedback to your section in performing its daily activities and ensure coherent functioning across Calgary and Ottawa teams. You will also be expected to perform the operations of the FRM section, as necessary, as a minimum to back-up the other members, and over time to become familiar with the functions of the other sections of the market operations team in Calgary. 


You’ll transact deposits, repos, money market instruments, bonds, cross-currency interest rate swaps and will be directly involved in the issuance of new public or private foreign currency debt for the Government of Canada. You’ll also contribute to enhancements to the portfolio management and information systems, support the development of portfolio strategies and apply modern portfolio and asset-liability management theory.  Other key responsibilities include active monitoring of international fixed income and credit markets, providing frequent oral and written briefings on market developments to senior management and providing input into policy initiatives, primarily as they relate to foreign reserves.


You will also be expected to work closely with the Ottawa office and play a role in developing policy and analytical work. While you report directly to the Director, Calgary Operational Site, you also work with the FRM Director in Ottawa to ensure that the FRM section’s outputs are of the highest quality, that deadlines are met, that operational risks are minimized, and that the section is effective in implementing its work plan, consistent with the department’s priorities.


Your education and experience

  • MBA, MSc (finance) or MA (economics) with a minimum of five years of recent relevant work experience in domestic or foreign fixed-income and money markets.




  • an equivalent combination of education and experience may be considered


  • completion of, or enrolment in, the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), or similar program
  • prior market experience in risk, trading or asset management in a large financial institution
  • prior experience in central bank policy-related issues
  • strong background in quantitative methods
  • strong knowledge of trading systems (e.g., Findur)


Your knowledge and skills
As a Principal Trader Analyst, you communicate clearly and adapt your communication style for a wide range of audiences, including senior management and external stakeholders. You have strong interpersonal skills; you build supportive working relationships with internal and with external parties. You are capable of structuring work plans and you lead initiatives through to completion. You will display coaching and mentoring skills and the ability to coach junior staff towards achieving the team’s objectives.

You must have the following:

  • knowledge of the Bank’s fiscal-agent, monetary policy and financial system responsibilities
  • knowledge of financial market issues and developments, as well as knowledge of economic/financial theory and quantitative methods
  • ability to integrate in-depth knowledge and understanding in financial market analysis, monetary policy analysis, economic analysis and regulatory issues analysis
  • working knowledge of international reserves management at the Bank of Canada


Language requirement
English and French essential (bilingual) with a minimum starting level of intermediate (level 3) in second official language. Training may be provided to help reach the required level of functional (level 4) in second official language.


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 $94,100 to $117,600 (job grade 18)
  • 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, 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


For more information on key benefits, please visit
Additional information

  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Secret 
  • Relocation assistance may be provided, if required


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 wish to thank all applicants for their interest and effort in applying for this position; however, only candidates selected for interviews will be contacted.