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Requisition Number:  2544
Position Type:  Permanent
Position Length:  Indeterminate
Location: 

Ottawa (Downtown), ON, CA

Closing Date:  May 5, 2019 - 11:59 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 accessiblecareers@bankofcanada.ca to discuss how.

Analyst or Senior Analyst, Payment System Oversight


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.

 

Did you know?
The payments landscape in Canada and globally is changing rapidly. The implementation of faster payments systems in Canada and around the world is introducing new and better ways for consumers and businesses to make payments instantly; and the continued growth of FinTech’s in the payments industry is changing consumers expectations about the convenience of payments.The Payments Modernization project represents a complete overhaul of the critical payments systems in Canada. The Bank of Canada plays an important role in this change, as part of our mandate is to ensure critical payments systems risk is being adequately controlled.


About the position
The Payment System Oversight Division in the Financial Stability Department has oversight responsibility for Canada’s critical payment systems that process billions of dollars per day. Critical payment systems enable the exchange of funds that allow individuals and firms to safely and efficiently purchase goods and services, invest in financial assets and manage financial risks.

 

In addition to ensuring that critical payments systems risk is adequately controlled, this division also monitors regulatory and industry developments such as fintech and distributed ledger technology, conducts research and analysis on payments, and provides policy recommendations to support the Bank’s role in domestic and international fora, including the Bank for International Settlements Committee on Payments and Market Infrastructures.

 

This poster may be used to fill other Analyst or Senior Analyst positions in the FSD Oversight divisions.

 

Your future responsibilities
As part of a team, you will help determine whether payment systems are adequately managing their risks and help identify areas where risk-management practices should be improved. With the modernization of Canada’s critical payment systems, you are also responsible for conducting original, high-quality analysis related to payment system design and operational resilience, including cyber resilience.

 

You will also monitor regulatory and industry developments, conduct research and analysis, and provide policy advice on payment system-related issues, and the financial system more generally. Part of this work will require collaboration across departments and with the Bank of Canada’s industry and regulatory partners concerned with payment system oversight.

 

Your education and experience

  • a completed master’s degree in economics or finance with a minimum of two years of recent work experience in economic and financial analysis and research;

or

  • an equivalent combination of education and experience may be considered.

 

Assets

  • Chartered Financial Analyst (CFA), Financial Risk Manager (FRM) or Professional Risk Manager (PRM) designation or certification, or the completion of courses towards these designations or certifications.
  • knowledge of payment clearing and settlement systems (FMIs) and/or retail payments
  • practical experience with, or knowledge of, risk management practices at financial institutions, especially operational risk management and cyber resilience.

 

Your knowledge and skills
As an innovative, and self-motivated problem solver, you can analyze economic, financial, and risk information in order to develop high-quality and timely policy recommendations.

 

You communicate effectively, both orally and in writing, with a variety of audiences. You are equally comfortable working collaboratively within a team, or independently. Your work is conducted with a strong attention to detail and often under tight deadlines.

 

You can provide insights and advice to colleagues, management, and stakeholders within your area of expertise, relating to financial and operational risk, financial sector regulation and oversight, or the financial sector more broadly.

 

Language requirement
English or French essential

 

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.

 

Senior Analyst

  • Salaries are based on qualifications and experience and typically range from $91,662 to $120,300 (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.

 

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 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 $76,500 to $91,661 (job grade P3-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.

 

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 www.bankofcanada.ca/careers/working-here.

 


Additional information

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

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.

 

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