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Requisition Number:  2841
Position Type:  Recent Grads
Position Length:  indeterminate

Ottawa (Downtown), ON, CA

Closing Date:  October 06, 2019 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.

Analyst or Economist (Master's Degree, Recent Graduates)


Take a central role 
Each year, the Bank of Canada seeks Master’s graduates to take an active role in economic research, analysis and forecasts, as well as the formulation and/or implementation of monetary policy, and to provide recommendations on a wide variety of projects to support the Bank’s core functions.  This poster may also be used to staff  term or regular positions that become available during the 2019–20 University Recruitment campaign. 


The Bank of Canada has a vision to be “a leading central bank—dynamic, engaged and trusted—committed to a better Canada.” 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. No other employer in the country offers you the opportunity to work at the very centre of Canada’s economy, in an organization with significant impact on the economic and financial well-being of all Canadians.


About the position 
You will initiate and undertake in-depth research projects, analyze complex economic and policy issues, create new insights, devise novel approaches, make innovative decisions and provide solutions. You will also prepare analytical notes and briefing material for Governing Council and respond to requests from senior management and other departments. 


Using clear and compelling written and oral communications, you will convey information and ideas to the target audience. Your work on multiple projects will require you to organize your work effectively and set priorities to ensure projects are completed in a timely manner. 

You will need strong empirical skills and advanced knowledge of quantitative methods such as time-series econometrics, and you must be proficient with statistical software or programming languages such as MATLAB, Stata, Eviews, VBA or R.

Working collaboratively, you will build relationships with internal and external partners (e.g., government and international agencies, other central banks, financial market participants and organizations, and outside academics) to share knowledge, research and analysis. You are committed to continuous learning and self-development.


As an Analyst, you will:

  • analyze the federal government’s borrowing strategy and the investment of Canada’s foreign exchange reserves, and advise the government on the measurement and control of market, credit, liquidity and operational risks 
  • oversee payment and securities clearing and settlement systems integral to the resilience of Canada’s financial system to ensure risk is adequately controlled
  • develop policy that contributes to fostering a stable and efficient financial system and well-functioning markets
  • monitor and analyze financial markets to support the implementation of monetary policy and financial stability


As an Economist, you will:

  • develop and maintain tools for the staff economic outlook
  • participate in the staff economic nowcast and projections for the Canadian and global economy using a range of models, respecting the timeline for the fixed announcement dates 
  • analyze and interpret macroeconomic and financial developments and their implications for the Canadian and global economy, and support the production of the Monetary Policy Report
  • prepare and deliver briefings in your area of expertise
  • work on specific projects and analysis relevant to the conduct of monetary policy 
  • have access to numerous data sources, including confidential and administrative data, and powerful computing capabilities, including the cluster

Language requirement
English or French essential


Your education
For your candidacy to be considered, the completion date for your degree must be between January 1, 2017, and December 31, 2020.  


A Master’s degree in one of the following: 
•    Economics
•    Finance
•    Computer Science
•    Mathematics
•    Statistics
•    Business Administration (MBA)

Application process
All applicants must submit a completed online application including the following MANDATORY documents:


  1. a current curriculum vitae
  2. a cover letter (please tailor your cover letter to ensure you are describing why you are interested in working at the Bank and which position interests you the most (Analyst or Economist), and explain how this experience would help you further your career or research aspirations) 
  3. official transcripts of your undergraduate academic record and the highest level of studies previously completed. Relevant courses you have attended must be clearly identified by their course titles. 


Interviews will be scheduled as early as:

o    Round 1—Skype interviews: October 29–31, 2019


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.


The accelerated progression stream is for economists and analysts (financial sector specialists) and is defined by four levels P1 to P4.  The program where the employees acquire the skills over a number of years to reach the working level of a Senior Economist/Senior Analyst at the job grade 17.


  • Salaries are based on qualifications and experience and typically range from $63,920 to $76,543 (job grade P1-P2).
  • 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.


Additional benefit information:

  • 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 plan


For more information on key benefits, please visit

Additional information

  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Reliability or 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.