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Requisition Number:  3929
Position Type:  Permanent
Position Length:  Indeterminate

Ottawa (Downtown), ON, CA

Closing Date:  May 25, 2020 - 23:59 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 to discuss how.

Principal 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 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.


Find out more about the next steps in our Recruitment process


What you will do
The mandate of the Financial Markets Analysis and Research (FMAR) team is to conduct high quality analysis and research on longer-term developments in systemically important Canadian financial markets to identify and assess vulnerabilities and risks and to evaluate markets’ efficiency.  The team is within the Bank’s Financial Markets Department (FMD).


Through our analysis, we inform the Bank’s internal and external Financial System publications.  We also interact with Canadian regulators and industry groups to inform or motivate policy and other changes that reduce vulnerabilities and increase efficiency.


Reporting to the Director, the Principal Economist is a leader on the team. You will collaborate with the team’s Director and other Principals to develop the team’s strategic direction, workplan and priorities.  You will be also be responsible for leading one or more of the team’s key deliverables, directing contributions by your teammates and being accountable for a quality work product. The Principal Economist will coach more junior staff and have a good opportunity to display and deepen their leadership competencies.


Your focus will be the formulation of analysis and policies in line with the team’s mandate. In particular, you will:


  • analyze the risk and efficiency implications of evolutions in the Canadian financial system, including developing and advancing the analytical toolkit required for this work
  • collaborate with the department’s market-facing teams to integrate market insights into our work
  • interact with industry groups to inform but also motivative changes in market practice that increase efficiency or reduce vulnerabilities in the financial system
  • interact with external regulatory stakeholders (e.g., the Office of the Superintendent of Financial Institutions, the Department of Finance and members of the Canadian Securities Administrators) to share analysis and discuss policy approaches, where required
  • lead one or more of the team’s key deliverables, which could include FMD’s contribution to the Staff Risk Assessment and Financial System Review, leadership of the Financial System Survey, stewardship of the semi-annual Heads of Regulatory Agencies meetings, leadership of international briefings and other large initiatives that deliver on workplan priorities


What you need to succeed
As a Principal Economist, you will demonstrate your leadership skills by mentoring more junior staff in the team and you will build supportive working relationships with internal and external parties, such as other regulators and financial market participants. You will demonstrate your communication skills (both oral and written) for a wide range of audiences, including senior management and external stakeholders.

You must be intellectually flexible to conduct analysis that incorporates and reflects a broad range of considerations and perspectives and will suggest innovative projects, develop associated works plans and lead initiatives through to completion.


  • experienced in setting timelines, milestones and governance for cross-team projects or initiatives


What you need to know

  • The position requires a master’s degree in economics or finance with a minimum of five years of recent and relevant work experience leading policy analysis related to the Canadian financial system or an equivalent combination of education and experience may be considered
  • 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.
  • 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. Only candidates selected for interviews will be contacted.


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


  • Salaries are based on qualifications and experience and typically range from $106,500 to $133,100 (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


We strive to make our policies, programs and workplace more inclusive, respectful and barrier-free. We encourage applications from women, Indigenous peoples, veterans, persons with disabilities, members of visible minorities and persons of all races, ethnic origins, religions, abilities, sexual orientations, and gender identities and expressions.