FSS Analyst or Senior Analyst

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 

The Foreign Reserves Management (FRM) team is seeking a (Senior) Analyst to manage the Government of Canada’s Exchange Fund Account (EFA). The EFA is the largest component of Canada’s official international reserves. It consists primarily of liquid foreign currency assets (fixed income securities and deposits) which are funded by Government of Canada foreign currency liabilities. The Foreign Reserves Management (FRM) team leads the management of the EFA assets and foreign currency liabilities following an asset-liability matching (ALM) framework and in accordance with formal investment guidelines established by the Department of Finance and the Bank of Canada. 

Under the general direction of the Director, the (Senior) Analyst provides sound advice on policy issues related to the management of the EFA. You are self-motivated, passionate about financial markets and portfolio management, proactively consult and collaborate with stakeholders, and share ideas with tact and diplomacy.

Specifically, you will: 

• lead or co-lead projects to support and improve the investment framework   
• conduct in-depth, high-quality, long-term analytical and/or policy analysis related to the EFA’s funding and investment strategy, and provide advice on portfolio-management policy issues
• build relationships and collaborate with colleagues and stakeholders across the Bank and the Department of Finance in driving policy questions and to ensure that business issues are resolved effectively in a timely manner
• develop and/or use financial models (or other quantitative tools) to support policy recommendations
• actively contribute to the development and implementation of the work plan

What you need to succeed

• ability to communicate clearly, accurately, and concisely with internal and external contacts
• build positive working relationships and work collaboratively towards the team objectives by sharing ideas, knowledge, and feedback
• understanding of portfolio management theory and fixed income investment strategies
• commitment to learning and self-development, as well as the capacity to continuously seek to build on knowledge of portfolio-management practices and financial markets
• strong analytical skills, bringing a wide range of considerations and perspectives to issues and identifying ways to improve on previous efforts
• ability to maintain high ethical and professional standards in all areas of responsibility
• understanding of central banking and foreign reserves management

Nice-to-have 

• completion of, or enrolment in, the Chartered Financial Analyst (CFA) Program or similar programs
• experience with policy analysis and development, and quantitative analysis

Your education and experience

The position requires a master’s degree in finance or economics with a minimum of three years of relevant work experience or an equivalent combination of education and experience may be considered. 

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. 

FSS Senior Analyst

• 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.

FSS Analyst
Candidates whose experience and/or educational background may not be at the FSS Senior Analyst 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 FSS Senior Analyst 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.