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Requisition Number:  3405
Position Type:  Permanent
Position Length:  Indeterminate

Ottawa (Downtown), ON, CA

Closing Date:  February 26, 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.

Director, Bank Note Development


Take a central role
Do you want to lead a team of specialists who define Canadian banknotes?


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 centre 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?
Here are a some of the team’s most significant accomplishments:

  • Introduced polymer banknotes to Canada
  • Developed a security feature that is now used by other central banks around the world
  • Pioneered the use of white hacking and cognitive science techniques to assess the effectiveness of security features
  • Developed an advanced analytics program to assess the performance of billions of banknotes circulating in Canada


About the position
The Director, Bank Note Development (BDT) leads a team of technical specialists and developers who define the technical specifications for Canadian banknotes. The team is responsible for understanding user requirements and counterfeiting threats, evaluating new technologies in the market, developing new security features with external collaborators and analyzing the circulation performance of issued bank notes. Under the leadership of the Director of BDT, the team is responsible for developing banknote technical designs to stay one step ahead of counterfeiting and that are fit for purpose in the Canadian circulation environment.


Your future responsibilities

  • lead, inspire and support the development of a diverse product development team (engineers, R&D scientists, project managers, data scientist)
  • provide overall intellectual leadership, strategic leadership and program management rigor to the BDT
  • maintain and build relationships with currency industry suppliers, research institutes and academia, manufacturers of banknote processing equipment, and other central banks.
  • oversee projects to continually assess new security features in the market and integrate into banknote designs, including:
    • industry outreach; industrial-scale integration and manufacturability testing; end-user security, durability and functionality testing
  • work closely with project team that issues new banknotes, with accountability for:
    • recommending new features and functionality; developing banknote technical specifications, in collaboration with suppliers; leading transition from development into production
  • provide analytic and technical support to Currency Operations, who operate used-note fitness sorting facilities as part of the banknote distribution system across Canada, including:
    • analysis of the quality of notes in circulation and the performance of Bank of Canada high-speed sorting equipment; evaluation and specification of new fitness and authentication sensors in the market
  • oversee an R&D portfolio of security features in earlier stages of development with external collaborators, and the associated intellectual property portfolio
  • work closely and effectively communicate with a variety of stakeholders, including other Currency department teams (e.g. design and issuance, operations, vendor management, external communications), internal service providers (e.g. legal, procurement, finance, IT, audit), external suppliers, and counterparts at other central banks.
  • ensure effective team and program management, through allocation of accountabilities and responsibilities, diligent project tracking and reporting against deliverables, budget and timelines.
  • accountable to the department's Senior Leadership Team for the vision and operational direction of the BPD team


Your education and experience

  • bachelor’s degree in Engineering or the Physical Sciences with a minimum of eleven years of relevant work experience, including a minimum of three years of work experience within a management role




  • an equivalent combination of education and experience may be considered


Your knowledge and skills

  • experience in hardware product research or/and development
  • strong leadership skills: experience leading and coaching a research or/and development team to deliver on business outcomes
  • experience coordinating and conducting research and analysis to make business recommendations
  • experience building effective relationships, and managing projects, with suppliers and external collaborators
  • ability to prioritize, negotiate, plan, resource, budget and risk-manage projects
  • excellent oral and written communication skills: experience generating written reports (corporate planning, development agreements, research/analysis papers) and in communicating with a wide variety of audiences (technical, business, management).


  • relevant graduate degree or MBA
  • knowledge of the currency industry
  • background in any of the following: secure documents, authentication systems, printing, roll-to-roll or thin-film manufacturing, polymers, inks, optics


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 $135,200 to $168,900 (job grade 21)
  • 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, 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


For more information on key benefits, please visit
Additional information

  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Secret 
  • Relocation assistance may be provided, if required
  • The official title for this position is “Director, Product Development ”


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.