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Requisition Number:  8150
Position Type:  Permanent
Position Length:  Indeterminate
Location: 

Ottawa (Downtown), ON, CA

Remote Work:  Hybrid Model
Closing Date:  August 17, 2022 23:59 EST

Diversity and Inclusion
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.

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.

Business Analyst, Financial Markets


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 Business Analysis and Systems Support (BASS) Team: 
We are seeking candidates interested in joining our Business Analysis and Systems Support (BASS) team!  
Within BASS, you will join a diverse and collaborative Scrum team in the Financial Markets Department, tasked with developing new features to the Bank’s internal solutions and supporting day to day critical operations by providing expert second level support. 
Further– you will also have the full support of your leader and team to learn, grow, and further your career through the Bank’s customizable Learning & Development programs across various domains (IT, Business Analysis, Data Analytics, etc..) and certifications. 

 

What you will do 
As a Business Analyst, you will be the voice of the Business within the Scrum Team including facilitating communication with, as well as eliciting requirements from the business stakeholders, leading, and coordinating all activities related to the clarification and understanding of the requirements from your team members and leading the investigation and resolution of issues during critical operations. 

More specifically you will: 

  • Enable the development of IT assisted solutions while ensuring that the members of your team fully understand the features required to improve financial market operations applications.  
  • Play a strategic role by reviewing and analyzing options to improve the Bank’s business solution capabilities to meet its evolving needs in response to domestic and global economic conditions. 
  • Work closely with all business lines to ensure that the end-state solution meets the Bank’s expectations.  
  • Work within with your assigned Agile Scrum team to contribute to completing the team’s tasks, including test preparation and testing. 
  • Continuously learn the business processes and functionality of the Financial Markets Department to acquire the knowledge required to support your colleagues.  
  • Provide strategic and analytical expertise about our different business unit processes and operations to detail, validate and more importantly clarify requirements and their potential impacts. 

 

** We have two positions to fill: one regular/permanent and one 2-year term**

 

What you will need to succeed  

  • You are an analytical thinker, capable of identifying the root causes of inefficiencies in business processes and IT solutions. You are also a change contributor, self starter, and effective communicator with the ability to collaborate, ask the right questions, and transcribe answers so that they are understandable.  
  • You will demonstrate a solid proficiency in the underlying competencies as described in the BABOK® Guide. 


In addition, you have: 

  • Experience as a Business Analyst in a technology / IT environment including being comfortable with technical discussions and having experience in System Development Lifecyle (SDLC) and solution delivery. 
  • The ability to understand and apply the key concepts described in the BABOK® Guide  
  • Experience working in an Agile / Scrum environment with shifting priorities  

 
Nice-to-have skills 

  • Experience in a financial/banking environment including the understanding of front, middle and back-office operations, treasury/portfolio management tools, and macro-economic concepts including the role of central banking. 
  • Experience working on Business Intelligence or Data Analytics initiatives, including the ability to analyze and understand large datasets, working with tools such as Tableau, Power BI, and Qlik.  
  • Certified Business Analysis Professional (CBAP®), Certification of Capability in Business Analysis (CCBA), Certified Financial Analyst (CFA), or any relevant certification/designation.  

 
Your education and experience  
This position requires a bachelor’s degree in a relevant field with a minimum of five (5) years of relevant professional experience  

 

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: Be eligible to obtain Secret 
  • 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.  

 

Hybrid Work Model #LI-Hybrid

The Bank is conducting a trial of a hybrid working model which provides employees with the flexibility to telework for significant portions of each month. During the trial, employees will only be required to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person.  For the majority of employees, it is expected that onsite time will range from 5 to 10 days per month, depending on your role.  You are expected to live in Canada, and within reasonable commuting distance of the office. 

 

Vaccination Policy

Please note that the application of the Bank’s Covid-19 Vaccination policy has been temporarily suspended, effective June 20, 2022.  As a result, you will not be required to submit verification of your vaccination status before starting employment with the Bank.  However, please note that the Bank reserves the right to reintroduce vaccination requirements in the future if necessary to respond to changing public health advice and\or government direction.

 

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 $81,865 to $96,310 (job grade 16)
  • Depending on performance, you may be eligible for performance pay for successfully meeting (5 to 7% of your base salary) or for exceeding expectations (10% 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, 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 #LI-POST