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Requisition Number:  2700
Position Type:  Permanent
Position Length:  Indeterminate
Location: 

Ottawa (Downtown), ON, CA

Closing Date:  June 23, 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 Analysts (Debt Management / Foreign Debt and Asset Policy)


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.

 

About the positions 
The Funds Management and Banking Department (FBD) provides fiscal-agent services to the Government of Canada in close collaboration with the Department of Finance and various teams in the Financial Markets Department and the Financial and Enterprise Risk Department. This includes the development of sound policy advice, and the planning and development of the government’s borrowing and investing programs. The department also provides banking and custodial services to the federal government, foreign central banks and other clients and organizations, as well as investment services for the Bank’s pension fund. 

 

Debt Management (DM)- One position available 
This team conducts analysis to provide policy advice on the management of the domestic debt program. This involves both work on the design of optimal financing strategies aimed at minimizing borrowing costs, as well as analysis aimed at better understanding longer-term trends and developments in the domestic fixed-income market that have implications for the well-functioning of the market for Government of Canada securities.

 

Foreign Debt and Asset Policy Team (FDAP)- Two positions available
This team is responsible for developing the policies associated with the management of Canada’s foreign reserves. It conducts analysis on the appropriate structure and tools for the funding and investment of the assets. 

Under the general direction of either team’s Director, the Principal Analyst provides sound advice on policy issues related to the domestic debt program (DM) or foreign reserves portfolio (FDAP). You proactively consult and collaborate with the many stakeholders involved in the management of the portfolio and associated support activities and clearly convey information and share ideas with tact and diplomacy. You provide guidance and coaching to more junior colleagues and play a key role in ensuring that the work of the team is of the highest quality. 

 

Your future responsibilities

  • conduct and oversee policy analysis related to the Government of Canada’s annual domestic borrowing plan, and provide advice on debt-management policy issues (DM) 
  • conduct and oversee policy analysis on issues related to the Exchange Fund Account (EFA) and the International Monetary Fund (IMF) portfolio, and identify changes to the foreign reserves environment and develop broad knowledge of all aspects of reserve management (FDAP) 
  • develop financial models or other quantitative tools to support policy recommendations
  • provide guidance and coaching to more junior colleagues to develop their expertise
  • collaborate with stakeholders across the Bank and the Department of Finance to ensure that business issues are resolved effectively in a timely manner
  • suggest, lead and conduct in-depth, high-quality, longer-term analytic projects and undertake joint research assignments and work in collaboration with relevant experts in other business units, where appropriate
  • actively contribute to the development and implementation of the work plan
  • build relationships and collaborate with internal and external colleagues and share knowledge to advance the work of the team
  • support staffing and recruitment activities to ensure a high-quality workforce
  • substitute for the Director in his/her absence 

 

Your education and experience

  • MBA, MSc (Finance), MA (Economics), or equivalent level of education, with a minimum of five years of relevant work experience in portfolio management, fixed income, or financial markets in a private or public sector institution

or

  • an equivalent combination of education and experience may be considered

 

Assets 

  • completion of, or enrolment in, the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM) or similar program 
  • proficiency with common mathematical or statistical applications (e.g. VBA, Matlab)
  • experience with financial modelling 
     

Your knowledge and skills

  • ability to analyze complex issues, diagnose multi-dimensional problems and devise appropriate responses or strategies on portfolio-management issues
  • ability to quickly grasp the essence of policy and technical issues and develop insightful concepts, models or frameworks to address them
  • capacity to communicate effectively, both orally and in writing, to a wide variety of audiences by adapting one's language to the audience, by clarifying complex information and by conveying sensitive information in an appropriate manner
  • capacity to work collaboratively with others within the team, across teams and to build positive working relationships to deliver on commitments and lead projects effectively
  • commitment to learning and self-development
  • ability to lead by example, coach and develop junior colleagues
  • understanding of the Bank’s fiscal-agent responsibilities, portfolio management practices and techniques, finance theory, quantitative methods and financial market instruments
     

 

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 18)
  • 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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