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Requisition Number:  6822
Position Type:  Permanent
Position Length:  Indeterminate

Ottawa (Downtown), ON, CA

Remote Work:  No, must be onsite
Closing Date:  October 27, 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 to discuss how.

Senior Analyst, Compliance

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 
Reporting to the Assistant Director, Operational Risk, Contingency and Compliance (ORCC) the Senior Analyst, Compliance is responsible for the ongoing support of the compliance policy, articulating a framework, and supporting governance activities.


This includes: 

  • Support the design of the compliance policy for Banking Operations, the design and implementation of the framework, and lead the compliance activities and governance participation of the team
  • Recommend improvements to and ensure implementation of recommendations coming from audit reviews and best practice reviews
  • Provide guidance with regards to compliance with third party and audit requirements and ensure gaps are identified and remediated
  • Support the expansion of our Third-Party Risk Management program to include key non-vendor third parties
  • Ensure active management of Banking Operations’ contracts, MOUs and other agreements
  • Act as a point of contact for Banking Operations for compliance matters and coordinate responses to compliance requests from external parties (eg. From FIs, CBs, FMIs)
  • Lead the coordination and facilitation of compliance and audit reviews for Banking Operations, including the maintenance of evidence for large compliance programs and attestations. 

What you need to succeed
The successful candidate will have extensive experience in compliance / audit / operations management. The candidate will demonstrate the ability to think critically, and provide sound advice on steps to take to improve our business.  Proven interpersonal, listening and negotiation skills enable you to establish credibility and respect while building and maintaining effective relationships with internal and external partners. In addition, you are a strong communicator with sound analytical skills and judgment



  • Knowledge of the Canadian payment and settlement ecosystem
  • Understanding of the Bank’s functions, organization, processes and systems as well as a good knowledge of the legal framework supporting these functions
  • completion of, or enrolment in, the CPA program


Your education and experience

The position requires a bachelor’s degree in a business related discipline with 8 years of Experience in the compliance sector, 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: 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.
  • 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.  


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 $85,100 to $106,300 (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, 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 #LI-POST