Economist, International economic analysis and near-term forecasting

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About this opportunity
As part of the International Economic Analysis Department, the Overseas Economies Division supports the Bank of Canada’s monetary policy function by producing timely and impactful analysis and near-term forecasts of global economic activity.

The role is ideal for innovative individuals who are motivated to contribute to meaningful policy analysis and to support the Bank ‘s leadership in understanding the global economy and international macroeconomics. If you are interested in using data and analytical tools to explore the interplay between international economic developments, policy dynamics, and important global trends such as artificial intelligence and ageing, then the International Economic Analysis Department is for you! 

This poster may be used to staff future Economist/Senior Economist vacancies in the International Economic Analysis Department.

What you will do
Using a range of analytical techniques and macroeconomic and forecasting models, you will monitor regional and country-level economic developments outside of North America. 

You will identify and analyze topics on global macroeconomic developments of importance to Canada, and will produce timely and focused analytical notes to communicate your key findings. In addition, you will collaborate with a diverse group of fellow experts to conduct macroeconomic analysis and advance the department’s research agenda. 

Topics of analysis will include monitoring the effects of global shocks, emerging market financial vulnerabilities, and the long-run structural drivers of economic growth. 

More specifically, as an economist in the Overseas Economies Division, you will:

• Identify, monitor, and analyze macroeconomic developments in advanced and emerging market economies
• produce forecasts of near-term economic activity for major economies outside of North America, including the euro area and China
• deliver briefings to the department’s senior management or to members of the Governing Council on your subject-matter expertise
• develop and improve monitoring tools and models

What you need to succeed
You bring a strong foundation in macroeconomics, along with sound econometric skills. You are comfortable working with data and statistical software to conduct economic analysis and to develop, assess and interpret forecasting models. You can translate complex economic developments into clear, evidence-based insights. 

You are able to communicate complex ideas effectively to a wide range of audiences, including senior decision-makers. You demonstrate strong interpersonal skills and thrive in a collaborative environment. You bring sound judgment and a broad perspective to your work, with an intuitive understanding of how economic conditions interact with political, institutional and cultural factors across countries.

Nice-to-have

• Experience conducting current economic analysis and short-term forecasting.
• Experience analyzing emerging markets, the United States, or other advanced economies.
• Familiarity with international macroeconomic data sets
• Advanced specialization in international macroeconomics

Your education and experience

An Economist position requires a Master’s degree in economics or finance, a minimum of one year of relevant work experience in macroeconomics or econometrics, or an equivalent combination of education and experience, including recent graduates with strong academic or research backgrounds.

A Senior Economist position requires a PhD in economics or a Master’s degree in economics or finance with a minimum of four years of relevant experience in macroeconomics or econometrics, or an equivalent combination of education and experience may be considered.

Innovative Mindset

We value candidates who demonstrate adaptability, curiosity, and a willingness to learn new technologies, including AI and digital tools. We seek individuals who can think critically about data, question existing processes, and find ways to simplify our work while embracing change and new ways of doing things. 

Language requirement

The Bank’s work environment is conducive to the use of both of Canada’s official languages - English and French. Although the position language requirement is English or French essential, we do encourage everyone to improve their second language proficiency for future career growth and to contribute towards fostering a bilingual environment.

What you need to know 

• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability 
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
• The official title for this position is “Economist or Senior Economist ” 

Hybrid Work Model
The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a portion of each month as part of the Bank’s hybrid work model, and they are expected on site at the Bank location a minimum of 12 days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office. 

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. 

Senior Economist

• Salaries are based on qualifications and experience and typically range from $111,051 to $130,649 (job grade 17).
• The Bank offers an incentive for successfully meeting expectations, at 7 to 10% of your base salary.  The Bank offers additional performance pay (5%) for those who exceed expectations. Exceptional performers who far exceed expectations may be eligible for higher performance pay.

Economist
Candidates whose experience and/or educational background may not be at the level being recruited for will be considered for a position within the accelerated progression stream program. The accelerated progression stream is for economists and financial sector specialists and is defined by four levels P1 to P4.  In this program the employees acquire the skills over a number of years to reach the working level of a Senior Economist/Senior Analyst at the job grade 17.

• Salaries are based on qualifications and experience and typically range from $78,389 to $111,050 (job grade P1-P4).
• During the progression, you are not eligible for performance pay. Instead performance is rewarded via a faster rate of progression through the salary range.

Additional benefit information:

• 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 plan

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.