Share this Job
Requisition Number:  5185
Position Type:  Term
Position Length:  2 years (extension / permanent)
Location: 

Ottawa (Downtown), ON, CA

Closing Date:  January 28, 2021, 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 accessiblecareers@bankofcanada.ca to discuss how.

Assistant Director, Retail Payment Supervision


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

 

What you will do 
The federal government proposes to introduce legislation to implement a new retail payments supervision framework. Under the proposed framework, the Bank of Canada would supervise payment service providers’ compliance with operational and financial requirements and maintain a public registry of regulated payment service providers (PSP). 

 

Reporting to the Director, Investment Governance and Corporate Performance, as Assistant Director you will contribute to the Retail Payment Supervision (RPS) strategy and medium-term plans, including developing a financial plan and revenue strategy and will also provide financial and strategic advice to the Retail PSP Oversight Leadership team. You will support and provide advice on the development of legislation in areas pertaining to the determination of costs, revenue planning and fee collection.

 

You will also oversee the financial management of RPS resources, including analysis of a variety of business and financial information, for the purpose of providing direction and support, making recommendations, maximizing use of funds, and ensuring RPS operations are within budget.  With your team, you will lead the design and development of a costing model and related policies to ensure completeness of direct and indirect costs related to the program, compliance with legislation and annual audit requirements. 

 

Your future responsibilities

  • Lead a team of two direct reports and oversee Corporate Administrative Departments business partners in regards to RPS funding requests
  • Develop and lead consultations with external stakeholders (PSPs and Department of Finance) on fees and payment processing
  • Oversee the financial management of RPS resources, including analysis of a variety of business and financial information, for the purpose of providing direction and support, making recommendations, maximizing use of funds, and ensuring RPS operations are within budget 
  • Provide financial and strategic advice to Retail PSP Oversight leadership team, Departmental Managing Directors affected by RPS and the IT system build leadership team on elements such as: the financial management frameworks for RPS to ensure adherence to corporate policies related to financial management, reporting and controls; the development of legislation in areas pertaining to the determination of revenue planning and fee collection; and, design and promote financial management frameworks for RPS to ensure adherence to corporate policies related to financial management, reporting and controls 
  • Lead the design of a costing model and related policies to ensure completeness of Bank direct and indirect costs related to the program and compliance with legislation, as well as the design of a fee model to ensure the Bank accurately distributes effort to applicable PSPs and comply with legislation
  • Keep abreast of costing and revenue models by maintaining industry knowledge and networks outside the Bank

 

What you need to succeed

  • intellectual leadership and broad experience in different aspects of financial management, accounting and project costing
  • sound understanding of approaches to financial management reporting
  • ability to provide timely and sound strategic financial management advice and guidance at all levels within an organization
  • excellent ability to communicate effectively both orally and in writing, including conveying complex and sensitive information in an appropriate manner
  • strategic outlook and ability to conceptualize and communicate financial, business and organizational objectives clearly and guide others in finding effective and creative solutions
  • ability to set “best-in-class” organizational reporting standards, processes, and financial targets to improve efficiency and meet strategic goals
  • ability to adapt influencing style to different situations, inspirational leadership and team mentoring skills
  • strong focus on outcomes and demonstrated ability to manage changing priorities

 

Nice-to-have 

  • knowledge of Canadian banking processes
  • experience working within an integrated SAP enterprise resource planning system 
  • experience working with Adaptive Workday Planning
  • work experience in both the public and private sectors

 

Your education and experience

  • recognized Canadian (or reciprocal) accounting designation (CPA, CA/CPA, CMA/CPA, CGA)
  • minimum of eight years of experience in financial management roles
  • minimum of three years of work experience at a mid-managerial level with direct reports 

or

  • an equivalent combination of education and experience may 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: Reliability 
  • 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.