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Requisition Number:  2551
Position Type:  Permanent
Position Length:  Indeterminate
Location: 

Ottawa (Downtown), ON, CA

Closing Date:  May 5, 2019 - 11:59 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.

Principal Analyst, Payment System Oversight


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.

 

Did you know?
The payments landscape in Canada and globally is changing rapidly. The implementation of faster payments systems in Canada and around the world is introducing new and better ways for consumers and businesses to make payments instantly; and the continued growth of FinTech’s in the payments industry is changing consumers expectations about the convenience of payments.The Payments Modernization project represents a complete overhaul of the critical payments systems in Canada. The Bank of Canada plays an important role in this change, as part of our mandate is to ensure critical payments systems risk is being adequately controlled.

 

About the position
The Payment System Oversight Division in the Financial Stability Department has oversight responsibility for Canada’s critical payment systems that process billions of dollars per day. Critical payment systems enable the exchange of funds that allow individuals and firms to safely and efficiently purchase goods and services, invest in financial assets and manage financial risks.

 

In addition to ensuring that risk is adequately controlled, thisdivision also monitors regulatory and industry developments such as fintech and distributed ledger technology, conducts research and analysis on payments, and provides policy recommendations to support the Bank’s role in domestic and international fora, including the Bank for International Settlements Committee on Payments and Market Infrastructures.

 

This poster may be used to fill other Principal Analyst positions in the FSD Oversight divisions.

 

Your future responsibilities
Under the direction of the Director of the Payment System Oversight Division, you act as a key member of the team responsible for the oversight of Canadian payment systems that have been designated by the Bank. You work closely with the Director and staff in the division to support its contribution to analysis and policy advice on issues relating to payment systems design, operations and oversight. You play a role coaching others, and coordinating projects within the division and across teams to meet departmental objectives.  You also collaborate with other domestic and international groups concerned with payment systems, with an immediate focus on analysis that will inform the characteristics of new payment clearing and settlement infrastructures in Canada.   

 

Your education and experience

  • master's degree in economics or finance with a minimum of five years of recent work experience in economic and financial analysis

or

  • an equivalent combination of education and experience may be considered

 

Assets

  • Chartered Financial Analyst (CFA), Financial Risk Manager (FRM) or Professional Risk Manager (PRM) designation or certification, or the completion of courses towards these designations or certifications.
  • knowledge of payment clearing and settlement systems (FMIs) and the Canadian regulatory environment.
  • practical experience with, or knowledge of, risk management practices at financial institutions
  • experience participating in international or domestic inter-agency committees or working groups

 

Your knowledge and skills

  • demonstrated ability to propose, organize and conduct in-depth analytical projects
  • effective communicator with proven oral and written communication skills for a variety of audiences
  • strong problem-solving skills and the ability to analyze economic, financial, and risk information
  • self-motivation, initiative and creative approach
  • ability to build and cultivate a broad network of internal and external relationships to support the division’s work
  • ability to develop positive working relationships by supporting team decisions, addressing conflicts and promoting co-operation and partnerships
  • good coaching skills for both current analysis and longer-term research
  • comfortable making presentations to a wide variety of internal and external audiences and representing the Bank in area of expertise

 

Language requirement
English and French essential (bilingual) with a minimum starting level of intermediate (level 3) in second official language. Training may be provided to help reach the required level of functional (level 4) 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 $104,700 to $137,300 (job grade 17)
  • 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: Secret 
  • Relocation assistance may be provided, if required

 

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.

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