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Requisition Number:  5581
Position Type:  Term
Position Length:  3 years (possibility of extension or permanent)
Location: 

Ottawa (Downtown), ON, CA

Closing Date:  Indetermined

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.

Assistant Director, Information Technology Services


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.

 

Find out more about the next steps in our Recruitment process

 

The Project
The Bank of Canada is embarking on a program of major social significance to design a contingent system for a central bank digital currency (CBDC), which can be thought of as a banknote, but in digital form. This project will require us to break new ground. It will take into consideration a wide variety of factors, including policy considerations, diverse stakeholder needs, difficult technical challenges and ensuring the development of a world-class user, inclusive, experience. 

 

For further background information on the CBDC program, please refer to the Contingency Planning for a Central Bank Digital Currency background note, Money and Payments in the Digital Age speech by Deputy Governor Tim Lane and Staff Analytical Notes on Designing a CBDC for Universal Access, Technology Approach for a CBDC, Privacy in CBDC technology and Security of a CBDC.

 

The Challenges
We aim to design a CBDC with cash-like properties in digital form: 

  • Universally accessible: Regardless of their circumstances, CBDC should be usable by all Canadians, even by those without a bank account or access to a cellular phone, in remote communities not well served by cellular networks, and/or those with sensory, motor and cognitive impairments. 
  • Resilient: CBDC should have extremely high availability and best in class Service Level Objectives (SLOs) such as Recovery Time Objective RTO and Recovery Point Objective RPO. 
  • Secure: CBDC must have the highest levels of security so Canadians can use it with confidence, as they do our banknotes.
  • Private: While not aiming for cash-like anonymity, CBDC should be highly private yet meet the obligation to be compliant with anti-money laundering and other regulations. 

 

We will design an architecture into which these properties are coherently embedded, with a potentially multi-decade evolving lifespan, supporting a business model designed to achieve CBDC policy goals.

 

What will you do
We are looking to fill two Assistant Director roles. One will be responsible for the system and business design team and the other will focus on leading the security, privacy and resilience team for this project. Both positions will be reporting to the Director, Fintech Research in the IT Services department, working closely with the Product Architect, your fellow Assistant Director and other team members.

 

You will use your experience to lead and organize a team of senior technologists, subject matter experts and project management staff towards the development of a contingent CBDC system. You will create clarity of purpose and direction for your team as well as ensure a healthy and empowering work climate by building the team`s capabilities, supporting their professional development, offering coaching and enabling them to optimize their contribution. You will be required to adapt quickly to changing priorities and demands in order to plan, organize and manage multiple activities concurrently within tight time frames and ensuring you can deliver on our commitments. You will guide and support the team through incremental organizational change as the project progresses through the various phases and be responsible for recruiting talented new team members as required.

 

Overall, you will have the opportunity to use your leadership skills, develop these further, and contribute to other exciting areas of the project.

 

What you will need to succeed
We are looking for a leader who has:

  • The ability to: 
    • lead senior staffs to a common purpose
    • communicate clearly and effectively with all levels of stakeholders
    • resolve conflicting demands between goals and staffing needs through skilful resource management and prioritization 
    • support staff development 
    • guide the team through iterative systems development processes
  • Strong change management and interpersonal skills 
  • A self-starter attitude

 

Nice-to-have
Experience in:

  • Retail, mass-market or product development
  • Early stage research 

 

Your education and experience
This position requires a bachelor`s degree in Computer Science, Engineering, Mathematics, Sciences or other relevant field with experience managing multiple and complex systems development projects as well as a minimum of 8 years of experience leading a team. An equivalent combination of education and experience may also be considered.

 

What you need to know

  • Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Secret 
  • You will work remotely from any location within Canada while the Bank operates under mandatory telework. Flexibility for remote work for the duration of the term may be granted.
  • 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.
  • In response to the COVID-19 pandemic and further to public health guidelines, preventative measures are being taken to ensure health and safety during the recruitment process. All interviews are conducted virtually.  

 

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

 

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 $108,100 to $135,000 (job grade 19)
  • 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.
  • 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 strive to make our policies, programs and workplace more inclusive, respectful and barrier-free. 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.