Share this Job
Requisition Number:  7250
Position Type:  Term
Position Length:  3 years (extension / permanent possible)
Location: 

Ottawa (Downtown), ON, CA

Remote Work:  No, must be onsite
Closing Date:  Undetermined

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 Business Analyst, CBDC


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 ensure the development of a world-class inclusive user experience. 

 

For further background information on the CBDC program, please refer to the Contingency Planning for a Central Bank Digital Currency background note, Money and Payments in the Digital Age speech by Deputy Governor Tim Lane and Staff Analytical Notes on Designing a CBDC for Universal Access, Technology Approach for a CBDC, Privacy in CBDC technology and Security of a CBDC.

 

The Challenges
CBDC is a new product category. It can be viewed as a potential major new enterprise within the organization. As such a new enterprise design will need to be created to meet requirements and constraints that achieve policy goals in a changing technology, payments, business, economic and policy environment. 

 

What you will do
Working with the Assistant Director, CBDC System and Business Design you will utilize your experience to help support the design of a digital currency product and services to meet our policy goals and the needs of millions of users, merchants and other stakeholders.

 

More specifically you will:

  • Establish the strategies and processes to capture and manage the product requirements, use cases and artifacts across the enterprise and throughout the product development lifecycle 
  • Champion the information gathering by eliciting the details of product requirements in discussion with stakeholders and team members
  • Maintain an up-to-date product requirements database and its associated business processes 
  • Conduct business analysis to bridge the gaps between business needs, user needs and technologies to achieve policy goals
  • Assess the impact of the proposed enterprise requirements on the solution(s) and collaborate with the team to propose resolution measures and mitigation strategies

 

What you will need to succeed
We are looking for someone who is or has:

  • Proactive with an innovative approach capable of contextualizing multiple inputs, assimilating and correlating disconnected information, and articulating their collective relevance to the business line to develop concise solutions and recommendations
  • Outstanding partnership skills, in a complex environment, with the capacity to influence others to move toward consensus
  • Initiate participative discussions and promote the socialization of ideas and team-based work reviews
  • Outstanding communication skills 

 

We are also looking for someone with the following technical skills:

  • Knowledge of business analysis techniques, including modelling, functional decomposition, gap analysis, stakeholder analysis and operational risk assessment
  • Experience in or with:
    • modelling business processes and business information flows  
    •  requirements management tools such as DOORS, Jira, etc.

 

Nice-to-have

  • Exposure or involvement at the early stages of retail product business creation and growth
  • Experience of business analysis with stakeholders such as merchants, payment system providers, FinTech, etc.

 

Your education and experience
This position requires a bachelor’s degree with pertinent experience working with complex systems development projects as well as a minimum of 10 years of experience in large enterprise IT solutions. A combination of education and experience may also be considered.

 

What you need to know

  • Language requirement: English or French essential
  • 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.  
  • 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. 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 to Ottawa. 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 (5 to 7% of your base salary) or for exceeding expectations (10% 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