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Requisition Number:  9022
Position Type:  Permanent
Position Length:  Indeterminate and 3 year terms

Ottawa or Toronto, ON, CA

Remote Work:  Hybrid Model
Closing Date:  June 11, 2023 23:59 EST

Equity, Diversity & Inclusion
The Bank is committed to achieving a workforce that reflects the diversity of our country and is representative and inclusive of all Canadians regardless of race, ethnicity, colour, religion, sex, age, disability, sexual orientation, gender identity or expression, socio-economic background or lived experience. By living our values and prioritizing our actions to enhance equity, diversity and inclusion, the Bank ensures broader discussions, better decisions, and a more engaging workplace. 

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.

We invite you to join an organization where differences are seen as strengths and are recognized, valued and respected. We welcome all candidates to apply and strongly encourage candidates to self-identify if they identify with an Employment Equity designated group (Indigenous Peoples, Persons with Disabilities, Women or Racialized/Visible Minorities). 

Analyst, Registration

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


Current availabilities are a mix of permanent and term vacancies. In addition to the current vacancies, this poster will also be used to fill other Analyst positions (term or permanent) within the Supervision Department that may become available in 2023.


For permanent positions, employees will follow the Banks hybrid work model and will be expected to live within reasonable commuting distance of the Ottawa or Toronto (downtown) office.


For term positions, employees who do not live within reasonable commuting distance of the Ottawa or Toronto (downtown) office will be able to work 100% remote (within Canada) for the duration of the term. Candidates interested in a secondment or interchange are also encouraged to apply.


For additional information regarding our Remote work / Hybrid Work Model, please refer to the "what you need to know" section below.


About Retail Payments Supervision
The payments landscape in Canada and globally is changing rapidly. The rapid pace of technological change in Canada and around the world is introducing new and better ways for consumers and businesses to make payments. 


The federal government is implementing a new Retail Payments Supervisory (RPS) Framework under the Retail Payment Activities Act. Under this Framework, the Bank of Canada will register payment service providers that perform retail payment activities and supervise PSPs’ compliance with operational risk management and fund safeguarding requirements and maintain a public registry of PSPs. 


The Bank will monitor and assess whether an individual or entity is a PSP and make a registration decision as to whether it is within the scope or not of the Bank. The Bank will assess whether PSPs are adequately managing their risks and help identify areas where their risk-management practices should be improved. To fulfill its mandate, the Bank will have a suite of registration, compliance and enforcement tools, will be authorized to promote compliance with the PSPs’ registration, operational risk, end-user funds safeguarding, and mandatory reporting requirements and take enforcement actions, including imposing administrative monetary penalties and entering into compliance agreements.
What you will do
As the Analyst of the Registration Division, you will contribute to fulfilling the Bank’s RPS regulatory mandate by participating in the design, implementation, review, and assessment of the legislative and regulatory authorities of the Bank related to registration. You will assist in developing operational policies, procedures, and training materials for registration staff and will draft and update guidance related to registration scope, registration process, and coordination with the key external.  


In addition, you will:

  • assess registration applications/cases, and make preliminary recommendations
  • monitor unregistered, refused and revoked PSPs
  • participate in the assessment of different business structures for mergers, acquisitions and other changes of control
  • participate in registration promotion activities
  • monitor and evaluate trends and issues related to the payment ecosystem (e.g., scope issues, including quantitative and qualitative data assessment and provide preliminary conclusions to feed recommendations for legislative, regulatory, guidance, or operational policy amendments
  • participate in the development and maintenance of memoranda of understanding with key external partners
  • assess registration reporting and renewals
  • participate in the draft, and maintenance of guidance related to registration scope, registration process, coordination with key external partners guidance for PSP’s

What you need 
You should have the desire to build (or already have) knowledge of the broader financial system and the supervision of retail payment systems with an appreciation of current issues/trends faced by individual PSPs. You should have the knowledge of the relevant Acts, and bodies of regulation and guidance associated with retail payment supervision and experience dealing with a range of issues. You are able to identify and analyse issues, determine benefits and drawbacks, identify solutions, and provide recommendations. 


Nice to have

  • Knowledge of, or experience with, supervisory frameworks that include registration/licensing/authorization/merger, acquisition, or control assessment regimes
  • Experience with administrative law regimes or working for a regulator,  a PSP, or in a relevant field
  • Background in law, compliance, policy development, or registration
  • Accounting designation focused on managerial, accounting or audit 
  • A risk-oriented designation


Your education and Experience

The position requires a Bachelor’s degree in Law, Finance, Accounting, Economics, Business Administration or an MBA or an equivalent degree in a relevant field with a minimum of two years experience. 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 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.


Hybrid Work Model #LI-Hybrid

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 $66,000 to $77,645 (job grade 14)
  • Depending on performance, you may be eligible for performance pay. The first tier of performance pay is for successfully meeting expectation, at  3 to 5% of your base salary. The Bank offers additional performance pay for those who exceed expectations (7% 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


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