Calgary, AB, CA
Trader Associate
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.
About the Department and team
The Bank of Canada has established an alternate site for Bank operations in downtown Calgary. The Calgary Operational Site (COS) includes 100+ employees across the Financial Markets Department (FMD), Banking and Payments Department, Financial and Enterprise Risk, and Information Technology Services that share responsibility with head office in Ottawa for day-to-day financial market and banking operations.
The FMD team at COS works closely with head office counterparts to undertake domestic and foreign market transactions, manage Government’s cash balances and the Bank’s balance sheet, conduct financial market analysis, and provide policy advice relevant to the Bank’s monetary policy, financial system and funds management functions.
Having two groups in separate geographic locations that work together every day contributes to seamless delivery and continuity of our key financial market operations. To support this resiliency, you will be expected to participate in cross training in different operations as opportunities arise.
The Market Analysis and Operations (MAO) team specifically is responsible for running the Bank’s domestic and foreign exchange market operations. We use our unique blend of market expertise, operational know-how and industry relationships to produce high quality market analysis and policy advice. The team is also responsible for developing and promoting innovative initiatives that support market best-practice and an efficient Canadian financial system, and plays a key role in publishing the Canadian Overnight Repo Rate Average (CORRA). We work closely with the Department of Finance and advise the federal government on its debt strategy.
MAO is organized into sections/trading desks that reflect our market operations: money markets, bonds and foreign exchange. Foreign exchange operations typically consist of foreign exchange forwards and swaps. Fixed income and money market operations typically include repo transactions, securities lending operations, and asset purchases for the Bank of Canada or on behalf of the Government of Canada.
What you will do
As a Trader Associate, you will provide analytic, technical and operational support:
- Create and interpret trading and portfolio reports
- Analyze operations and financial market data, often using scripts
- Develop and maintain trading tools (e.g., Matlab spreadsheets, data reports)
- Test systems, detail procedures and find opportunities for improvement
- Help run market operations and produce periodic reports on market developments and the Bank’s operations
What you need to succeed
You are detail-oriented, experienced in manipulating large amounts of data, being able to adapt, design or develop programs or scripts to aid in your analysis. You are an effective communicator, a problem-solver, and have strong time-management skills. You are good at finding answers under time constraints and like sharing ideas and collaborating.
Nice-to-have
- experience with a Bloomberg Terminal
- experience manipulating data in R, Power BI, Databricks, Python, MATLAB or other similar software and programming languages
- general knowledge of the relational database model or experience using SQL
- knowledge of financial market issues and developments, as well as knowledge of economic and financial theory and quantitative methods
- currently enrolled in a CFA program
Your education and experience
The position requires a bachelor’s degree in finance or economics, 2 years of relevant experience in a financial firm or an equivalent combination of education and experience may be considered.
Innovative Mindset
We value candidates who demonstrate adaptability, curiosity, and a willingness to learn new technologies, including AI and digital tools. We seek individuals who can think critically about data, question existing processes, and find ways to simplify our work while embracing change and new ways of doing things.
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 their second language proficiency for future career growth and to contribute towards fostering a bilingual environment.
What you need to know
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- Priority will be given to Canadian citizens and permanent residents
- Security level required: Be eligible to obtain Secret
- 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.
Hybrid Work Model
The Bank offers a flexible hybrid work model that supports high-performing teams and a strong workplace culture. This position is based in Calgary (Corporate Office) and involves a combination of on-site and remote work. As part of the Bank’s Critical Operations, regular on-site presence is essential. Employees are expected to work on site a minimum of 12 days per month. Candidates must reside in Canada and within a reasonable commuting distance of their assigned office location.
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.
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- Salaries are based on qualifications and experience and typically range from $73,511 to $86,484 (job grade 14)
- The Bank offers an incentive for successfully meeting expectations at 5 to 7% of your base salary. The Bank offers additional performance pay (3%) for those who exceed expectations. 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
We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.