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Requisition Number:  5692
Position Type:  Term
Position Length:  3 years (extension possible)

Ottawa (Downtown), ON, CA

Closing Date:  May 16, 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 to discuss how.

Director of Enforcement, Retail Payments 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


About Retail Payments Supervision
The federal government is proposing to implement a new Retail Payments Supervisory (RPS) Framework. Under the proposed framework, the Bank of Canada would supervise payment service providers’ (PSPs) compliance with operational risk management and fund safeguarding requirements and maintain a public registry of regulated PSPs. 


The Bank will assess whether PSPs are adequately managing their risks and help identify areas where their risk-management practices should be improved. To fulfill its mandate, the Bank will have a combination of compliance tools that would include allowing the Bank to enforce oversight requirements when necessary.


What you will do
Reporting to the Senior Director, FSD-Oversight, you will lead a team that will contribute to the design and implementation of the supervisory framework. During this multi-year project, you and your team will be responsible for the development, implementation, and communication of the registration process and the enforcement approach to address noncompliance with regulatory requirements. 


You will also contribute to policies related to retail payment vehicles and to other aspects of the framework (such as supervisory expectations articulated in legislation and regulations and guidance documents) and you will be involved in translating policy into supervisory practices and contributing to an IT solution to support supervision.


In the course of this work, you will develop and promote strong relationships with a variety of stakeholders, including other Bank departments, several regulatory partners, and industry members.


What you need to succeed
You have experience in supervising and developing policy for financial regulated entities. Excellent in analysis, problem solving, and communicating complex ideas, you are also experienced in coaching others in the development of these skills. You thrive when leading a team in a project-based environment where change is a constant. Furthermore, you have strong negotiation skills and an ability to work proactively and collaboratively to influence others to achieve goals and make effective changes.



  • Financial Risk Manager (FRM) or Professional Risk Manager (PRM) designation or certification
  • Knowledge of payment clearing and settlement systems (FMIs), retail payments, and financial technology companies (paytechs or fintechs)


Your education and experience
The position requires relevant work experience in economic and policy analysis—ideally in the supervision of financial entities—with a master’s degree in economics or finance with a minimum of seven years experience. An equivalent combination of education and experience may be considered. 



FISC Interchange Program
We are willing to fill this position through the Financial Institutions Supervisory Committee (FISC) exchange program. The FISC Interchange Program is a mechanism for supporting talent management and employee development from the following participating agencies: Department of Finance, Financial Consumer Agency of Canada, Canada Deposit Insurance Corporation, Office of the Superintendent of Financial Institutions and the Bank of Canada. By taking temporary assignments, participants develop professionally and may learn specific skills and knowledge, while agencies participating in the Program may benefit from new knowledge, skills and approaches. 


Assignments are for a fixed duration that can be up to three consecutive years but will typically last between 12 and 24 months (depending on operational needs) and are salary neutral.  There is a minimum gap period of two years before a former participant may participate again through the Program. 


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: Secret 
  • 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.  
  • The official title for this position is “Director, Enforcement and Registration ”


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 $131,100 to $163,800 (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.