Accounting 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. 

What you will do

Under the guidance of a Senior Manager in Accounting Operations, you will play a key role in managing the daily accounting records for the Bank of Canada, its two pension trust funds, the Government of Canada domestic debt portfolio, and the Exchange Fund Account. This work supports the preparation of financial statements, investment records and reports. In your role, you help ensure the accuracy of all accounts and compliance with policies and procedures. You also provide operational insights and advice to the Senior Manager on accounting practices, internal controls, and opportunities to improve business.

More specifically, your core responsibilities will include:

• Validating financial accounts by reconciling general ledger balances to sub-ledger system balances and other supporting documents, analyzing period-over-period variances to determine if changes align with underlying business drivers, and performing supplementary analysis such as analytics and reasonability tests.
• Ensuring adherence to policies, procedures, internal controls and regulatory requirements, and providing hands-on advice and guidance regarding their application.
• Investigating and troubleshooting operational errors and applying lessons learned to enhance system and process reliability.
• Supporting the preparation of financial results presentations for senior management by providing the story behind the numbers, including identifying key insights and making relevant connections between the financial results and business operations.
• Contributing to continuous improvement initiatives by evaluating business processes, identifying opportunities for improvement, designing, testing and implementing solutions, and supporting colleagues in adopting new ways of working.
• Participating in larger scale projects by providing input on business requirements and executing user acceptance testing.
• Supporting internal and external audits by providing documentation and explaining accounting results and processes.

What you need to succeed

We are looking for someone who:

• Demonstrates adaptability, independence, curiosity, and initiative.
• Possesses strong analytical skills and can link financial results and operational processes to broader business objectives and help to identify anomalies.
• Is detailed oriented and able to plan for quality control. 
• Demonstrates strong data literacy skills by effectively interpreting, evaluating, and clearly presenting data to highlight key insights and support decisions.
• Has experience in accounting operations, including month-end close and financial reporting.
• Understands and applies accounting standards, such as International Financial Reporting Standards (IFRS) and Public Sector Accounting Standards (PSAS).
• Maintain a continuous improvement mindset and looks for innovative solutions in a changing environment.
• Collaborates well with others, sharing expertise, constructive feedback, and ideas to support team success.

Nice-to-have

• You have experience:
  • In an accounting operations role at a financial institution
  • with SAP, Blackline, portfolio management systems, or data analytics and visualization tools such as Microsoft Fabric
  • assessing and documenting internal controls
• Has a good understanding of investment securities, including how to calculate security prices, amortization, revenue recognition, and related reporting

Your education and experience

Candidates must have a CPA designation in good standing or be actively working toward one with at least 50% of the program completed. They should also have a minimum of two years of relevant experience in accounting operations, month-end close, and monthly financial reporting. An equivalent combination of education and experience may also 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.  The position language requirement is Level 5 (Fully Functional).  If a qualified candidate who meets the language requirement of the position is not found, a qualified candidate who does not meet the language requirement may be considered. Training may be provided to help reach the required level.  Both bilingual and unilingual candidates are encouraged to apply. 

What you need to know

• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability 
• 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.
• The official title for this position is “Analyst ”

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 portion 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 12 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. 

• Salaries are based on qualifications and experience and typically range from $82,586 to $97,160 (job grade 15)
• 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, 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.