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 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. 

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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. 

Did you know? 
The Systemic Risk Analytics Division (SRAD) within the Financial Stability Department (FSD) plays a critical role in the Bank of Canada’s financial stability surveillance and assessment framework. SRAD develops advanced analytical tools and conducts in-depth research to assess systemic risks across the Canadian financial system. The division’s work informs the Bank’s financial stability policy discussions and decisions, contributes key insights to the Financial Stability Report, and supports thought leadership through publications on the Financial System Hub. SRAD’s analyses also underpin the Bank’s engagements with domestic and international institutions on matters related to financial stability policy, advancing the Bank’s objective of promoting a stable and efficient financial system.

What you will do 

Reporting to the Director of SRAD, you will provide strategic leadership within the division, helping to plan and organize activities to achieve key divisional and departmental objectives. You will originate, lead, and conduct projects focused on the development and enhancement of SRAD’s analytical models used for identifying and assessing systemic risks. Leveraging your expertise in coding, model development, and model risk management, you will build sophisticated analytical frameworks to assess interconnectedness and contagion among financial institutions. You will synthesize insights from diverse models to produce comprehensive, forward-looking policy analyses and translate complex technical results into actionable recommendations for senior leadership and policymakers. 

As a key communicator, you will craft clear, compelling narratives from technical outputs for both technical and non-technical audiences. You will thrive in a dynamic, fast-paced environment, adapting to shifting priorities while driving high-impact deliverables to completion. Through interdisciplinary collaboration with colleagues across the Bank, Canadian regulatory authorities, international counterparts, and private sector stakeholders, you will foster innovation and policy relevance. You will mentor and coach team members, motivating them through a results-driven and detail-oriented approach while ensuring the consistent delivery of high-quality work that supports the Bank’s financial stability mandate.

What you need to succeed

• excellent analytical and problem-solving skills, including proficiency in coding 
• strategic thinking to connect information from various sources
• strong communication skills, including ability to clarify complex information, using clear and compelling written and oral communication skills, to a variety of audiences
• adaptability to modify work approach, priorities, and actions in response to changing situations 
• strong team player who contributes to a positive, engaging, and dynamic work environment

Nice-to-have

• Publications in high-quality peer reviewed journals on empirical finance, empirical banking, or econometrics 
• Experience in nonlinear structural modelling for stress testing, interconnectedness and contagion within the financial system
• Experience working with granular data on financial institutions and an understanding of regulatory frameworks 
• Experience making presentations and/or providing advice to senior management 

Your education and experience

• a PhD degree in economics or finance with a minimum of two years of recent relevant experience relating to modelling and analyzing the financial system

or

• an equivalent combination of education and experience may be considered

Language requirement
The Bank’s work environment is conducive to the use of both of Canada’s official languages - English and French. Although the position language requirement is English or French essential, we do encourage everyone to improve second their language proficiency for future career growth and to contribute towards fostering a bilingual environment.

What you need to know

• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Secret 
• 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. 

• Salaries are based on qualifications and experience and typically range from $124,279 to $146,211 (job grade 18)
• 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.
• 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.