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Requisition Number:  7931
Position Type:  Permanent
Position Length:  Indeterminate
Location: 

Ottawa (Downtown), ON, CA

Remote Work:  Hybrid Model
Closing Date:  May 30, 2022, 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.

Senior Analyst, Enterprise Risk Management


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

 

Did you know?   
The Financial and Enterprise Risk (FER) department supports an enterprise-wide view of risk management across the Bank of Canada. Reporting to the Chief Risk Officer, the department is responsible for the oversight of our enterprise and financial risks. Within FER, the Enterprise Risk Office (ERO) monitors, reports, and advises on enterprise and operational risks. The Risk Analyst is a key contributor in developing and enhancing all aspects of the Bank’s risk policies, framework, processes, and tools. Through its work, ERO promotes effective high-quality risk-management to ensure that rigorous assessment of risk is fully integrated into decision making to effectively meet Bank mandates, objectives, and operational excellence.  
  
What you will do   
Reporting to a Director in ERO, you support the Director and Principal Analyst in developing and executing enterprise risk management (ERM) and operational risk management (ORM) policies and procedures for the risk frameworks, including risk appetites on the management of all risks at the Bank. You help address complex issues with many unknowns and risks, and you contribute to the achievement of the annual risk plan and its Strategic plan. You will specifically:  
  

  • Provide subject matter expertise for the development and implementation of risk management policies, frameworks, metrics, and tools.  
  • Lead risk analysis across a broad range of risks to identify risk causes, impacts and whether mitigating action plans are appropriate.  
  • Conduct ongoing monitoring, research, and use of quantitative data analysis for complex risk issues, including emerging risks. 
  • Provide timely advice and effective challenge to colleagues as well as stakeholders across the three lines of defence across a broad range of risk issues.  
  • Build effective relations with partners across the lines of defence and coaching staff. 

 
This poster may be used to fill other regular or term positions that may come up throughout the year. 

 

 

FISC Interchange
While this is a permanent position, we are willing to consider staffing this position on a temporary basis through the Financial Institutions Supervisory Committee (FISC) Interchange Program.


The FISC Interchange Program is a mechanism for supporting talent management and employee development from the following participating agencies: Department of Finance, Financial Consumer Agency of Canada, Canada Deposit Insurance Corporation, Office of the Superintendent of Financial Institutions and the Bank of Canada. By taking temporary assignments, participants develop professionally and may learn specific skills and knowledge, while agencies participating in the Program may benefit from new knowledge, skills and approaches. 


Assignments are for a fixed duration that can be up to three consecutive years but will typically last between 12 and 24 months (depending on operational needs) and are salary neutral. There is a minimum gap period of two years before a former participant may participate again through the Program.

 

What you need to succeed  
You are analytical, and can understand complex operations, identify key risks, and assess control procedures.  You have knowledge of enterprise and/or operational risk management concepts, principles, and methodologies. You are a self-starter who is flexible, innovative and can work in a fast-paced environment. You have strong coaching and leadership abilities, onboarding stakeholders on risk processes. You bring a strategic perspective to the range of issues faced by the business. 
  
This position requires:  

  • expert knowledge of ERM and/or ORM concepts, principles, policies, appetite, frameworks, models and practices, including the three lines of defence risk governance model and the Risk Self-Assessment process;  
  • advanced analytical skill to use qualitative and quantitative research methods and ability to conduct research using multiple sources of information and data;  
  • excellent communication skills and the ability to clearly convey information and ideas to the target audience, using clear and compelling written products and oral presentations/briefings; and 
  • the ability to work collaboratively with others within your team and across teams to achieve objectives. 

  
Nice-to-have   

  • Certification or designation in risk management or a relevant field of study (i.e., governance, compliance, audit, business) such as:  
    • Certified Enterprise Risk Manager, Canadian Risk Management Designation, Associate in Risk Management Designation, Financial Risk Manager Certification, Certified Risk Specialist  
    • Masters Certificate in Risk Management, Business Performance  
  • Data visualization experience for impactful dashboard and reports  

  
  
Your education and experience  
A Bachelor degree in a relevant field of study (i.e., risk, business management, public administration) with a minimum of six years of relevant work experience in risk-management, or related areas in a private or public sector institution. We may also consider an equivalent combination of education and experience.  

 

 

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: Be eligible to obtain Secret 
  • 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.  

 

Hybrid Work Model #LI-Hybrid

The Bank is conducting a trial of a hybrid working model which provides employees with the flexibility to telework for significant portions of each month. During the trial, employees will only be required to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person.  For the majority of employees, it is expected that onsite time will range from 5 to 10 days per month, depending on your role.  You are expected to live in Canada, and within reasonable commuting distance of the office. 

 

Vaccination Policy

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. 

Selected candidates will be asked to provide proof of vaccination status at the reference stage. Candidates who are unable to be vaccinated against COVID-19 and require an accommodation for a legitimate medical, religious or other human rights-based grounds will follow a seperate process. 

Covid-19 Authorized Vaccines in Canada

 

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 $86,780 to $108,465 (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