About the Bank of Canada’s New Mandate to Oversee Consumer-Driven Banking
Through the 2025 Federal Budget the Government of Canada has given the Bank of Canada the mandate to oversee the Consumer-Driven Banking Act.
 

Consumer-Driven Banking is a framework that allows consumers to share their financial data with financial companies of their choice. Within the framework, consumers may control, edit, manage, and delete their information. Consumers may decide when, how, and to what extent their financial institution shares information with financial companies. Providing a framework that allows consumers to safely and confidently use their financial information can help improve their choices with new financial products and services while keeping their information safe.
 

Under the Consumer-Driven Banking mandate, the Bank of Canada will:

• Accredit entities to participate in the framework’s data-sharing ecosystem;
• Maintain a registry of accredited entities;
• Supervise participating entities and make sure the risks associated with data sharing are appropriately managed – this includes assessing participating entities’ compliance with the following Consumer-Driven Banking Act requirements for:
  • Data sharing;
  • Security safeguards;
  • Technical standard;
  • Consent management;
  • Consumer measures;
  • Complaints procedures;
  • Oversee accredited third-party service providers, an external complaints body and a technical standards body to determine whether they are compliant with the provisions of the Consumer-Driven Banking Act;
  • Monitor and evaluate trends and emerging issues that may have an impact on consumers of consumer-driven banking; and
  • Foster competition in the financial sector in the interests of consumers.

The Payments and Regulatory Oversight (PRO) department is undergoing preparations to implement this new mandate through contributions to the regulatory development process (led by the Department of Finance) and internal work to design and implement a supervisory framework.

Given the scale and scope of the initiative, a Project Manager is essential to lead delivery workstreams during the development and early implementation of the Consumer Driven Banking supervisory framework.

What you will do 
Reporting to the Program Manager, Consumer‑Driven Banking, the Project Manager is accountable for leading the planning and execution of major delivery workstreams that collectively support the implementation of the Consumer‑Driven Banking supervisory framework.

While the Program Manager maintains overall accountability for mandate scope, design, sequencing, and strategic direction, the Project Manager is responsible for end‑to‑end delivery leadership of assigned workstreams.

You will:

• Lead the planning and execution of workstreams aligned with the approved program direction, delivery plan, and implementation approach
• Develop, maintain, and evolve integrated work plans, schedules, and delivery strategies as policy, operational, and technical requirements mature
• Manage the schedule, scope, and delivery risks of assigned workstreams, identifying trade‑offs and recommending actions to maintain delivery integrity
• Coordinate day‑to‑day cross‑departmental dependencies and hand‑offs with internal partners to ensure delivery coherence and momentum
• Lead delivery‑level risk, issue, and dependency management, escalating delivery‑critical impacts and options to the Program Manager for resolution
• Shape delivery reporting, performance indicators, and escalation mechanisms to support timely and informed decision‑making
• Support go‑live readiness activities and implementation hand‑offs for assigned workstreams, ensuring operational, supervisory, and technical readiness criteria are met
• Support engagement with key external stakeholders where delivery coordination and readiness alignment are required
• Contribute to delivery practices, tooling, and governance

What you need to succeed

• Strong written and verbal communication skills, with the ability to clearly convey delivery status, risks, and trade‑offs to stakeholders
• Demonstrated ability to lead complex delivery work in environments with evolving requirements and multiple internal and external dependencies
• Sound judgment and decision‑making skills, with the ability to balance rigor, delivery discipline, and practical implementation considerations
• Proven ability to manage competing priorities, adapt plans, and maintain delivery momentum under uncertainty
• Strong collaboration and stakeholder‑management skills 

Nice-to-have

• Project Management Institute (PMI) certification or other relevant professional designations
• Experience managing medium to large technology‑enabled initiatives, regulatory programs, or complex operational projects
• Experience leading delivery workstreams that involve business process design, operational readiness, and cross‑functional coordination

Your education and experience
The position requires a college diploma with a minimum of 8 years of relevant experience, an undergraduate degree with a minimum of 7 years of relevant experience or an equivalent combination of education and experience may be considered. 

Innovative Mindset

We value candidates who demonstrate adaptability, curiosity, and a willingness to learn new technologies, including AI and digital tools. We seek individuals who can think critically about data, question existing processes, and find ways to simplify our work while embracing change and new ways of doing things. 

Language requirement
The Bank’s work environment is conducive to the use of both of Canada’s official languages - English and French.  The position language requirement is Level 5 (Fully Functional).  If a qualified candidate who meets the language requirement of the position is not found, a qualified candidate who does not meet the language requirement may be considered. Training may be provided to help reach the required level.  Both bilingual and unilingual candidates are encouraged to apply. 

What you need to know

• • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Be eligible to obtain Secret 
  • There will be no relocation assistance provided
  • 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 portion 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 12 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 $126,765 to $149,135 (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 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

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.