Senior FSS Analyst

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? 
With the rapid changes in the payments landscape in Canada and globally, the Bank of Canada’s role in shaping the future of payments has expanded significantly in recent years. Part of the Bank of Canada’s mandate is to ensure that designated payment systems are adequately controlling risks, ensuring the safe evolution of the payments environment in Canada. 

What will you do 
The Payment System Oversight Division in the Supervision Department has oversight responsibility for systemically and prominently important payment systems in Canada. These critical payment systems enable the exchange of funds that allow individuals and firms to safely and efficiently purchase goods and services, invest in financial assets and manage financial risks.

The Division is also at the centre of regulatory and policy developments related to payments, such as the continued growth of fintechs, use of distributed ledger technology, adoption of stablecoins, and increased need for cross border payments solutions.  The Division conducts research and analysis on payments, and provides policy recommendations to support the Bank’s role in domestic and international fora, including the Bank for International Settlements Committee on Payments and Market Infrastructures.

Under the direction of the Assistant Director, Payment System Oversight, you will be a member of the team responsible for the oversight of payment systems that have been designated by the Bank. You will work closely with the Assistant Director and staff in the division to support its contribution to analysis and policy advice on issues relating to payment systems design, operations and risk. You will apply your knowledge and experience in risk management to understand risks faced by payment systems; assess risk management practices against the Bank of Canada’s expectations; and help identify areas where risk-management practices should be improved. You will engage with staff at regulated entities, and collaborate with other domestic and international groups concerned with payment systems.   

What you will need to succeed

• problem-solving skills and strong competency in analyzing economic, financial, and risk information
• ability to propose, organize and conduct in-depth policy and analytical projects 
• effective oral and written communication skills that can be adapted to a variety of internal and external audiences
• comfortable making presentations to a wide variety of internal and external audiences and representing the Bank in area of expertise 
• flexibility to adapt to an evolving work environment and changing priorities and the ability to organize and balance a variety of tasks 
• self-motivation, initiative and creative approach
• ability to develop and maintain a broad network of internal and external relationships and build supportive working relationships with peers, your leader, and stakeholders
• ability to be self-motivated, take initiative, and conduct work with a strong attention to detail, often under tight deadlines

Nice-to-have

• experience supervising financial sector firms
• experience developing policy related to the financial, payments, or technology industries  
• practical experience with, or knowledge of, risk management practices at financial institutions
• Chartered Financial Analyst (CFA), Financial Risk Manager (FRM) or Professional Risk Manager (PRM) designation or certification, or the completion of courses towards these designations or certifications
• knowledge of payment clearing and settlement systems (FMIs) and/or retail payments
• experience participating in international or domestic inter-agency committees or working groups

Your education and experience
This position requires a master's degree in economics or finance with a minimum of four years of recent work experience related to risk management in the financial sector. 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 Reliability 
• 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.

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, 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

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