Ottawa (Downtown), ON, CA
Senior Economist
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 an organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in our environment.
Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.
With our defined-benefit pension plan, benefits, and high flexibility for work life balance - find out more about why we are annually ranked as one of Canada's top employers: Working Here - Bank of Canada
Find out more about the next steps in our Recruitment process.
Did you know?
The Central Bank Lending Division in the Financial Stability Department is responsible for the design and implementation of the Bank of Canada’s loan facilities to eligible financial institutions. The division conducts monitoring and analysis of financial institutions in Canada and collaborates closely with domestic regulatory partners to facilitate the Bank of Canada’s role as lender of last resort. The division also conducts relevant policy and research to ensure the Bank’s lending facilities are designed to foster a stable and efficient financial system, in response to a changing financial environment.
What you will do
As a senior economist, you contribute to the development and design of the Bank’s lending facilities, assess financial institution eligibility to receive a loan, and participate in financial sector crisis management preparedness activities.
You will write policy notes, analyze relevant data sets, and collaborate with Bank of Canada’s domestic partners.
Examples of analytical work include:
- Evaluating financial risks of eligible financial institutions
- Reviewing terms of liquidty facilities including eligible collateral, margin requirements, and interest rates
- Assess the role and design of liquidty facilities to ensure they promote financial stability
You will have the opportunity to stay current with new knowledge and tools in your area of expertise by attending courses and conferences.
What you need to succeed
- strong problem-solving skills and a background analyzing complex economic and financial data
- knowledge of the Canadian financial system and financial institutions
- experience programming with statistical software languages (e.g., Stata, Python, R etc.)
- good communication skills, both oral and written, for a variety of audiences
- ability to produce high-quality analytical and briefing notes
Nice-to-have
- prior experience as a risk analyst performing assessments of creditworthiness
- prior experience in financial sector policy development
- completion of courses toward a Chartered Financial Analyst (CFA), Financial Risk Management or Professional Risk Management designation/certification
Your education and experience
- a completed master’s degree in economics or finance with a minimum of two years of relevant experience in economic or financial analysis or related policy work
or
- a completed PhD degree in economics or finance with an interest in the financial sector
or
- an equivalent combination of education and experience may be considered
Language requirement
The Bank’s work environment is conducive to the use of both of Canada’s official languages - English and French. Although the position language requirement is English or French essential, we do encourage everyone to improve second their language proficiency for future career growth and to contribute towards fostering a bilingual environment.
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 substantial part 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 eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.
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 $108,874 to $128,087 (job grade 17)
- 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.