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Requisition Number:  7322
Position Type:  Term
Position Length:  2 years (extension / permanent possible)
Location: 

Ottawa (Downtown), ON, CA

Remote Work:  Yes, within Canada
Closing Date:  December 12, 2021 23:59 EST

Diversity and Inclusion
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.

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.

Project Manager, CBDC Market Research


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

 

The Project
The Bank of Canada is embarking on a program of major social significance to design a contingent system for a central bank digital currency (CBDC), which can be thought of as a banknote, but in digital form. This project will require us to break new ground. It will take into consideration a wide variety of factors, including policy considerations, diverse stakeholder needs, difficult technical challenges and the development of a technical architecture to realize a CBDC pilot system. 

 

The Challenges
To gather market research on the key considerations and requirements for a CBDC from the perspective of the general public and the retail industry across Canada.  This market research also needs to gain intelligence to inform the design of a CBDC with properties like:

  • Private: While not aiming for cash-like anonymity, CBDC should be highly private yet meet the obligation to be aligned with anti-money laundering and other regulations. 
  • Universally accessible: Regardless of their circumstances, CBDC should be usable by all Canadians, even by those without a bank account or access to a cellular phone, in remote communities not well served by cellular networks, and/or those with sensory, motor and cognitive impairments. 
  • Resilient: CBDC should continue to work even during electrical power and network outages. 
  • Secure: CBDC must have the highest levels of security so Canadians can use it with confidence, as they do our banknotes.
  • We will design an architecture into which these properties are coherently embedded, with a potentially multi-decade evolving lifespan, supporting a business model crafted to achieve CBDC policy goals.

 

What you will do 
As a member of the Currency’s Project Management Office, you will provide project management expertise for CBDC Market Research initiatives including both Consumer and Merchant consultations and prototype development.
You will coordinate these activities across a growing team spanning from economics, policy, IT and communications. You will be responsible for the overall scope, cost, schedule and contractual deliverables, which includes applying project management methodologies for planning, tracking, change control and risk management. 

 

More specifically you will:

  • work collaboratively to provide and implement tools for planning, risk management, monitoring and project governance for CBDC initiatives, including facilitating governance discussions to ensure clarity on roles, responsibilities, decision making and critical issue mechanisms.  
  • lead project risk identification and assessment exercises and ensure alignment with the Bank’s Risk Management Framework
  • mobilize and influence across department project team towards completion of objectives by facilitating group discussion of colleagues from a variety of fields and background to acquire consensus and ensure forward alignment.
  • build and cultivate a broad network of relationships across Bank Departments (i.e. ITS, Corporate Communications,  Banking and Payments, Translation, ATIP, Legal, Procurement, etc.) that can be used at the working level to ensure projects progress as expected and to identify and resolve issues.
  • build and lead high-impact project communication tools for project collaborators and various internal and external audiences to track and report on key achievements, deliverables, and interdependencies

 

What you will need to succeed
You are resourceful and well-organized, an effective communicator, excellent teammate, innovative problem solver, self-starter and change contributor. In addition, you have

  • advanced knowledge of project management standards, tools and techniques
  • ability to cultivate positive and collaborative relationships with stakeholders, to exert influence and offer tailored guidance
  • strong strategic and tactical thinking

 

Nice-to-have

  • Project Management Professional (PMP)
  • Knowledge of payments industry in Canada.
  • Experience from early stage development through post production activities

 

Your education and experience
The position requires a bachelor’s degree in project management,  business administration or related field and 2 to 4 years of project management experience in a financial services or technology environment or an equivalent combination of education and experience may be considered. 

 

What you need to know

  • Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: 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.
  • In response to the COVID-19 pandemic and further to public health guidelines, preventative measures are being taken to ensure health and safety during the recruitment process. All interviews are conducted virtually.  
  • Remote Work: Candidates not within commuting distance will be eligible to remote work from their current location within Canada for the duration of this term. 
  • Hybrid Work Model: The Bank is moving towards a hybrid working model which will allow most employees to telework up to 50 percent of the time, balanced over a two-week period. 

 

 

Hybrid Work Model  
The Bank is moving towards a hybrid working model which will allow most employees to telework up to 50 percent of the time, balanced over a two-week period. This position is temporary and can be staffed remotely from anywhere in Canada. In the event that the position becomes regular/indeterminate, you will be required to adhere to the hybrid model and may be required to relocate. Relocation assistance may be offered by the Bank.

 

Vaccination: In response to the COVID-19 pandemic that was declared by the World Health Organization, the mandates issued by the federal government, and the direction provided by public health authorities, the Bank of Canada requires all new employees to be fully vaccinated prior to their start date.  If you are the selected candidate, you will be asked to first attest your vaccination status at the reference stage and will then be required to submit proof of vaccination status or request accommodation for a legitimate medical, religious reason or other human rights-based grounds at the offer stage as part of the offer process.

 

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 $86,800 to $108,500 (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 and dental coverage that meets your needs
  • Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
  • Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service #LI-POST