Ottawa (Downtown), ON, CA
Senior Specialist, Corporate Financial Performance
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.
What you will do
Reporting to the Director Corporate Financial Performance, the Salary and Staff costs Centre of Expertise Senior Specialist plays a pivotal role in providing strategic and financial advice to facilitate sound decision making that supports corporate and business objectives. Key responsibilities include managing the end-to-end salary and staff costs planning, analysis, and reporting processes, leading the continuous evolvement and improvement of related policies, processes, and procedures, and working in close partnership and collaboration with stakeholder throughout HR and FIN, in providing insightful information relevant to optimizing the use of resources to meet Bank objectives. This role also contributes to the formulation of the Bank’s strategic plan, enabling effective
corporate planning.
In addition, you will:
- design and maintain financial models in support of budgeting and forecasting, integrating business requirements into these models.
- design, prepare and oversee in-depth analysis, identify trends, patterns of staff costs, including salaries, benefits, and related expenses, to provide insights and recommendations to senior leadership highlighting risks/opportunities.
- develop and maintain dashboards and reports to monitor staff costs for senior leadership; present findings and recommendations in a clear and concise manner.
- collaborate with HR and Financial Business Partners to ensure completeness and accuracy of monthly and quarterly analysis, annual budgets/forecasts and alignment with strategic objectives.
- liaise with HR and FIN stakeholders to establish, maintain and improve relevant policies, processes, and procedures.
- build and cultivate strong partnerships with senior management, HR and FIN stakeholders.
- oversee and prepare monthly expense and accruals, and other journal entries pertaining to salary and benefit costs.
- in partnership with HR, lead and support the departmental planning and forecasting approach and tool for positions, FTEs, and salaries.
- lead continuous improvement initiatives/ ad hoc projects as required.
What you need to succeed
You have the ability to conceptualize and provide sound strategic advice and guidance at all levels within the organization. You have strong focus on outcomes and demonstrated ability managing evolving priorities. You have the ability to handle pressure effectively and to work in a fast-paced, deadline-driven environment. As the Senior Specialist, you provide the highest standards of accuracy and precision, are able to use advanced analytics techniques, are highly organized and resourceful, and have strong interpersonal skills and excellent business partnering skills.
You have an excellent ability to communicate effectively both orally and in writing, including communicating financial and organizational objectives as well as conveying complex and sensitive information in an appropriate manner. You are adaptable, flexible, and innovative, open to new challenges and willing to think outside the box and have exceptional work ethic, team mindset, positive attitude, and self-starter.
Nice-to-have
- experience working within an integrated SAP enterprise resource planning system and other budget software (i.e., Adaptive Insights)
- advanced financial modelling
- work experience in both the public and private sectors
Your education and experience
The position requires a university degree in a related field with a recognized Canadian (or reciprocal) accounting designation (CPA, CA/CPA, CMA/CPA, CGA) and a minimum of ten years of relevant experience in different accounting or financial roles, preferably FP&A. 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: 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.
- The official title for this position is “Senior Corporate Financial Performance Specialist ”
Remote work / 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. For this position, should you not live within reasonable commuting distance of the office, you will be able to work 100% remote (within Canada) for the duration of this term.
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 $121,842 to $143,344 (job grade 18)
- 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.