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Requisition Number:  10710
Position Type:  Permanent
Position Length:  Indeterminate
Location: 

Calgary, AB, CA

Remote Work:  Hybrid Model
Closing Date:  March 13, 2025 23:59 EST

Equity, Diversity & Inclusion
The Bank is committed to achieving a workforce that reflects the diversity of our country and is representative and inclusive of all Canadians regardless of race, ethnicity, colour, religion, sex, age, disability, sexual orientation, gender identity or expression, socio-economic background or lived experience. By living our values and prioritizing our actions to enhance equity, diversity and inclusion, the Bank ensures broader discussions, better decisions, and a more engaging workplace. 

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.

We invite you to join an organization where differences are seen as strengths and are recognized, valued and respected. We welcome all candidates to apply and strongly encourage candidates to self-identify if they identify with an Employment Equity designated group (Indigenous Peoples, Persons with Disabilities, Women or Racialized/Visible Minorities). 

Trader Analyst / Senior 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 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 our environment. 


Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.  


With our defined-benefit pension plan, benefits, and high flexibility for work life balance - find out more about why we are annually ranked as one of Canada's top employers:  Working Here - Bank of Canada

 

Find out more about the next steps in our Recruitment process. 

 

 

Who we are

The Financial Markets Department (FMD) is seeking a Trader or Senior Trader Analyst for the Foreign Reserves Management (FRM) division in Calgary.  The FRM team manages the Government of Canada’s official international reserves. The Exchange Fund Account (EFA) is the largest component of Canada’s reserves and consists of liquid foreign currency assets which are funded by Government of Canada. The Calgary based team co-manages EFA assets and liabilities in accordance with the investment guidelines set out by the Department of Finance and the Bank of Canada. 

 

What you will do 

Within this role, you will implement the Annual Funding and Investment Plan through transacting in various money market and fixed securities and cross-currency interest rate swaps. 

 

As for your shared responsibility for the day-to-day management of the EFA portfolio these will includes: 

  • Co-leading all investment, trading and risk management activities and associated market analysis related to specific segments of the EFA portfolio 
  • Executing and booking of trades 
  • Interacting with counterparties to acquire market intelligence, analyze market developments and manage trading relationships 
  • Leading or co-leading projects to support and improve investment frameworks, trading tools and product knowledge  
  • Collaborating with colleagues across both operational and market analytical groups internal to the Bank to enhance current trading practices and processes 
  • Comfortable working with big data sets with an understanding of fixed income securities and portfolio management theory 
  • Provide regular market briefings and strategic portfolio advice to senior management 
  • Ability to quickly synthesize broad-based market moves into a simple and concise narrative for senior management   

 

What you need to succeed

  • An understanding of:
    • Fixed-income portfolio management theory, investment strategies and products
    • Central banking and foreign reserves management
  • Ability to communicate clearly, accurately, and concisely with internal and external contacts
  • Work collaboratively towards portfolio and team objectives by sharing ideas, knowledge and feedback openly
  • Possess strong data and analytical skills, offering diverse perspectives and considerations on issues while identifying opportunities to improve past efforts, ultimately enhancing portfolio management, market knowledge, and trading expertise
  • A commitment to learning and self-development, as well as the capacity to continuously seek to build on knowledge of portfolio-management practices and financial markets
  • Comfortable working with big data sets and relative experience in fixed income trading and/or fixed income portfolio management

 

Nice-to-have 

  • Experience in:
    • Innovating with data and analytic solutions 
    • Developing technical workflows that incorporate automation, improve data quality and produce user-friendly results
  • Capacity to manipulate large structured and unstructured datasets (i.e. internal trade/market data running numerical simulations and statistical analysis)
  • Completion of, or enrolment in, the Chartered Financial Analyst (CFA) Program or similar programs

 

Your education and experience

The position requires a master’s degree in finance or economics with a minimum of three years of relevant work experience or an equivalent combination of education and experience may be considered. 
 

Language requirement
The Bank’s work environment is conducive to the use of both of Canada’s official languages - English and French. Although the position language requirement is English or French essential, we do encourage everyone to improve second their language proficiency for future career growth and to contribute towards fostering a bilingual environment.

 

What you need to know

  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Be eligible to obtain 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.

 

Hybrid Work Model

The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank`s hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.

 

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 Trader Analyst 

  • Salaries are based on qualifications and experience and typically range from $108,874 to $128,087 (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.

 

Trader 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. The program is an apprenticeship where the employees acquire the skills over a number of years to reach the working level of a Senior Trader Analyst at the job grade 17. 

  • Salaries are based on qualifications and experience and typically range from $82,202 to $ 106,738 (job grade P2-P4).
  • During the progression, you are not eligible for performance pay given that performance is rewarded via a faster rate of progression through the salary range. 

 

We also offer:

  • 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

 

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.

Apply now »