Economist or Senior Economist

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 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 our environment. 

Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.  

With our defined-benefit pension plan, benefits, and high flexibility for work life balance - find out more about why we are annually ranked as one of Canada's top employers:  Working Here - Bank of Canada

Find out more about the next steps in our Recruitment process. 

What you will do

As part of the International Economic Analysis Department, the Overseas Economies Division actively contributes to the Bank of Canada’s monetary policy function by producing timely and impactful research and near-term forecasts of global economic activity.

Using a range of analytical techniques and macroeconomic and forecasting models, we monitor regional and country-level economic developments outside of North America. We also prepare focused analytical notes on global macroeconomic developments of importance to Canada. In addition, we collaborate with a diverse group of fellow experts to conduct macroeconomic analysis and advance the Department’s research agenda. Our research is concentrated on cutting edge issues related to global spillovers, 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:

• study, interpret and prepare written analyses on 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 as well as conduct longer-term analyses

What you need to succeed

Performing these duties requires an advanced knowledge of macroeconomics, sound econometric skills and an ability to conduct applied economic research, including on forecasting models.  In addition, a proven ability to communicate complex ideas to a broad range of audiences, strong interpersonal skills, and a facility for collaboration and teamwork are essential. The successful candidate will also bring a wide range of considerations and perspectives to issues, using an intuition for how economies interact with their unique political and cultural institutions.  

The role is ideal for innovative individuals with a desire to provide excellent policy analysis and support the leading role that the Bank of Canada plays in understanding the global economy and international macroeconomics. In general, if you are interested in using data and analytical tools to better understand the interplay of international economic and policy developments, technology and important global trends such as ageing, then the International Economic Analysis Department is for you! 

Nice-to-have

• experience with current economic analysis and forecasting of emerging markets, the US or other advanced economies, in addition to knowledge of international macroeconomic data sets.
• a specialisation in international macroeconomics at an advanced level

Your education and experience

The position requires a master’s degree in economics or finance with a minimum of two years of relevant work experience in macroeconomics or econometrics, or a PhD in economics or finance.
    

What you need to know

• Language requirement: English or French essential
• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability 
• Relocation assistance may be provided, if required
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.

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 substantial part 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 eight 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 $106,739 to $125,575 (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 Senior Economist level will be considered for a position within the accelerated progression stream program (P3-P4). This program allows employees to acquire the skills they need over a number of years to reach the working level of a Senior Economist at the job grade 17. 

• Salaries are based on qualifications and experience and typically range from $89,682 to $106,738 (job grade P3-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.  

• 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

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