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Requisition Number:  3297
Position Type:  Term
Position Length:  18 months with possibility of extension / permanen

Ottawa (Downtown), ON, CA

Closing Date:  January 23, 2020 - 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.

Contract and Budget Analyst

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.


About the position
Reporting to the Manager, Business Support, you perform a range of financial and contract activities for business line managers within Corporate Security Services (CSS). You proactively analyze problems, develop solutions and initiate changes in the areas of finance, budgets and contracts and you coordinate related financial and administrative processes.

This position works closely with the Department’s Financial Partner and is responsible for the oversight of CSS’s operational budget. The role provides ongoing financial monitoring and takes a risk-based approach in providing guidance and advice to achieve core financial targets and direction to its business lines on strategic initiative requests.

Your future responsibilities
Financial management responsibilities:

  • work with CSS’s leadership team to prepare the annual operating budget and update contract management costs
  • develop and analyze metrics that will support sound and risk based financial decisions and drive business savings
  • generate financial month-end and management reports relating to cost performance, variances and trends
  • analyze invoices, performance reports and other pertinent data and escalate discrepancies that may require reforecasting financial outlays or contract modifications
  • collaborate with business line managers to develop clear, concise performance-based statements of work and develop and implement cost saving measures


Contract Management responsibilities:

  • ensure compliance with the Bank’s Procurement and contracting policies, guidelines, procedures and signing authorities and act as a point of contact with Procurement Services for all CSS contracts
  • manage administration related to all CSS contracts (e.g., start dates, end dates, option years, contract amounts)
  • assist clients in ensuring that vendors adhere to contract scope/terms/client understanding of the terms of the agreement
  • participate in analysis of request for proposal
  • establish change-management processes for contracts, such as changes in scope, increase in values or contract termination
  • develop processes and procedures to ensure the effective monitoring of supplier activity and identify areas for improvement and identify non-compliance and to make necessary contract decisions and modifications
  • develop and prepare justification briefing notes for sourcing documents for senior management approval
  • prepare all procurement requisitions and provide advice on the intended financial approval required for single/sole and competitive requirements
  • convene regular meetings with CSS business lines managers to discuss the procurement and contract management process (e.g., sourcing strategies, establishing priorities)


Your education and experience

  • post-secondary education in finance, economics, business, accounting, contract administration, procurement management or a related field
  • a minimum of three years of relevant work experience in the following areas: budgeting, forecasting, reviewing financial entries and preparing monthly financial statements, contract administration, procurement management or project work that includes procurement activities




  • an equivalent combination of education and experience may be considered



  • accounting designation such as CA, CMA or CGA (or actively working toward a designation)
  • a professional certification (e.g. Certified Purchasing Professional)
  • in-depth knowledge of the Bank’s procurement processes related to contracts


Your knowledge and skills
We are looking for a strong communicator who can build and sustain positive relationships with critical stakeholders; someone with good organization skills who will prioritize work, meet deadlines, work on multiple tasks, and work well under pressure. You must have highly developed problem-solving skills, allowing you to gather information, resolve discrepancies, discern relevant data, and ensure the accuracy of information.


You must have the following:

  • knowledge and understanding of accounting principles and practices such as International Financial Reporting Standards (IFRS) or Public Sector Accounting Board (PSAB) standards
  • an understanding of the financial industry and of the Bank of Canada's mandate
  • strong computer and software skills, such as Excel and standard accounting software (e.g. SAP, Oracle) to perform analyses, track files and record data and information


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.


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.

  • Salaries are based on qualifications and experience and typically range from $70,300 to $82,600 (job grade 15)
  • 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 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


For more information on key benefits, please visit
Additional information

  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Secret  
  • There will be no relocation assistance provided

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.