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Requisition Number:  3003
Position Type:  Permanent
Position Length:  Indeterminate
Location: 

Ottawa (Downtown), ON, CA

Closing Date:  November 17, 2019 - 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.

Director, Data Science


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 centre of Canada’s economy, in an 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?
The Bank recently partnered with the Creative Destruction Lab (CDL) and created the Partnerships in Innovation and Technology Program (PIVOT) both of which will help us collaborate with external partners and deepen our knowledge of leading Machine Learning and AI technologies.

 

About the position
The Bank of Canada has established ambitious enterprise-wide objectives related to digital transformation across the organization, as well as significantly enhancing our ability to leverage big data analytics, machine learning (ML), and a broader use of non-traditional data sources in support of economic research and analysis.

 

This newly created position is a critical part to meeting these objectives and will take the leadership role in expanding the Bank’s capabilities in the area of Data Science. You will provide broad support for the Bank’s existing and growing data scientist community; providing intellectual and practice management leadership for the use of data science techniques and approaches, and promoting the development of methods, tools, and resources to allow the Bank to benefit from these emerging opportunities. Further, you will develop a small centralized team of data scientists who will provide support to Bank departments as needed.

 

The Director, Data Science, will report to the Senior Director of the Bank’s Data and Statistics Office, and work closely with the Managing Director of Economic and Financial Research.

 

While this is a permanent position, the Bank is open to interchange or secondment agreements.

 

Your future responsibilities
As the Bank’s first Director of Data Science, you will be accountable for:

 

  • developing and implementing a Bank wide strategy for data science support, aligned with a decentralized model, that optimizes support across departments with differing needs and existing capacity
  • providing technical and intellectual leadership to ensure integrated, best practice approaches, for data driven solutions across the Bank
  • serving as a key resource to client departments across the Bank, advising on the use of advanced analytics/ML for research and analytical requirements; assessing options, development approaches/strategies, supporting engagement with third parties, etc. over the full lifecycle of a project
  • actively developing the Bank’s data scientist community, mentoring resources and promoting technical and professional development to enable capability to shape and meet the Bank’s evolving business requirements
  • developing and directly leading a small team of data scientists to support research, projects and/or initiatives related to enhancing advanced data analytics capability at the Bank on an as-needed basis
  • monitoring and assessing leading edge developments in technologies, tools and approaches to advise on potential benefit to the Bank and recommend potential investments
  • leading outreach and engagement with relevant stakeholder communities, including academia, to contribute to leading practice development, knowledge dissemination, and talent management opportunities in the domain of data science
  • collaborating on the identification and triaging of projects, initiatives and opportunities for leveraging data for business solutions, based on an understanding of current and emerging business priorities

 

Your education and experience

  • master’s degree in statistics, mathematics, computer science, finance or economics and a minimum of seven years of related work experience with increasing levels of responsibility

 

or

 

  • an equivalent combination of education and experience may be considered

 

Assets

  • experience leading a team
  • knowledge of financial and economic data
  • experience presenting and publishing results in relevant journals

 

Your knowledge and skills

  • exceptional analytical, research and problem-solving skills
  • advanced knowledge of machine learning techniques and statistical methods, with advanced skill and experience with a broad range of statistical/analytic software packages
  • strong leadership skills with a demonstrated ability to communicate a long-term vision, create team effectiveness, optimize performance, effect change, coach and provide guidance
  • ability to collaborate across functions, supporting and prioritizing work, and recommending optimal solutions
  • ability to foster a culture of collaboration and support the development of data scientists across the Bank as well as within a centralized team
  • ability to identify, cultivate and leverage external networks and collaborators to develop and expedite the Bank’s knowledge and abilities, while contributing to the broader advancement of the discipline
  • ability to exchange information and ideas with others and to clarify complex information, using clear and compelling written and oral communication skills, to advance the quality of decision making
  • ability to contribute to creative solutions and new ways to advance the Bank’s analytical abilities

 

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 $132,900 to $166,000 (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 www.bankofcanada.ca/careers/working-here.
 
Additional information

  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Reliability 
  • Relocation assistance may be provided, if required

 

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.