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Requisition Number:  8085
Position Type:  Permanent
Position Length:  Indeterminate

Ottawa (Downtown), CA

Remote Work:  No, critical onsite role
Closing Date:  July 7, 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 to discuss how.

Trader Associate

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


What you will do 

The Financial Markets Department is currently seeking a Trader Associate for their trading room in the Market Analysis and Operations Division (MAO).


The MAO division is responsible for running the Bank’s domestic and foreign exchange market operations. We use our unique blend of market expertise, operational know-how and industry relationships to produce high quality market analysis and policy advice. The team is also responsible for developing and promoting innovative initiatives that support market best-practice and an efficient Canadian financial system, and plays a key role in publishing the Canadian Overnight Repo Rate Average. We work closely with the Department of Finance and advise the federal government on its debt strategy. 


MAO is organized into sections reflecting our market operations: money markets, bonds and foreign exchange. Foreign exchange operations typically consist of foreign exchange forwards and swaps. Fixed income and money market operations typically include repo transactions, securities lending operations, and asset purchases for the Bank of Canada or on behalf of the Government of Canada.


As a Trader Associate, you will provide analytic, technical and operational support:

  • Create and interpret trading and portfolio reports
  • Analyze operations and financial market data, often using scripts
  • Develop and maintain trading tools (e.g., Matlab spreadsheets)
  • Test systems, detail procedures and find opportunities for improvement
  • Help run market operations and reporting on market activity   


The candidate will work a compliment of both onsite (Ottawa Head Office) and from home. Please note that the ability to work onsite is a requirement due to the position being part of the Bank’s Critical Operations.


What you need to succeed

You are detail-oriented, experienced in manipulating large amounts of data, being able to adapt, design or develop programs or scripts to aid in your analysis. You are an effective communicator, a problem-solver, and have strong time-management skills. You are good at finding answers and are like sharing ideas and collaborating.



  • familiarity with global financial markets, the Canadian financial system and central banking
  • experience with a Bloomberg Terminal 
  • experience manipulating data in R, Python, MATLAB, VBA, or other similar programming languages
  • knowledge of financial market issues and developments, as well as knowledge of economic and financial theory and quantitative methods
  • experience working with portfolio information systems and providing trading support
  • general knowledge of the relational database model or experience using SQL
  • currently enrolled in a CFA program


Your education and experience

The position requires a bachelor’s degree in finance or economics, 2 years of relevant experience in a financial firm or an equivalent combination of education and experience may 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: 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

Please note that the application of the Bank’s Covid-19 Vaccination policy has been temporarily suspended, effective June 20, 2022.  As a result, you will not be required to submit verification of your vaccination status before starting employment with the Bank.  However, please note that the Bank reserves the right to reintroduce vaccination requirements in the future if necessary to respond to changing public health advice and\or government direction.


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 $64,075 to $76,125 (job grade 14)
  • 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, 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