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Requisition Number:  6361
Position Type:  Term
Position Length:  3 years with possibility of extension or permanent
Location: 

Various locations, CA

Remote Work:  Yes, within Canada
Closing Date:  Undetermined

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 accessiblecareers@bankofcanada.ca to discuss how.

Payment Systems Expert


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

 

Remote work
Candidates outside the National Capital Region will be eligible to remote work from their current location within Canada for the duration of this term.
 
The Project
The Bank of Canada is embarking on a program of major social significance to design a contingent system for a central bank digital currency (CBDC), which can be thought of as a banknote, but in digital form. This project will require us to break new ground. It will take into consideration a wide variety of factors, including policy considerations, diverse stakeholder needs, difficult technical challenges and the development of a technical architecture to ensure the development of a world-class user, inclusive, experience. 

 

For further background information on the CBDC program, please refer to the Contingency Planning for a Central Bank Digital Currency background note, Money and Payments in the Digital Age speech by Deputy Governor Tim Lane and Staff Analytical Notes on Designing a CBDC for Universal Access, Technology Approach for a CBDC, Privacy in CBDC technology and Security of a CBDC.

 

The Challenges
CBDC is a new product category. As such new business models and designs will need to be created, with no existing examples. It will need to achieve policy goals and sustain market presence, in a complex and rapidly evolving payments eco-system. The business model will need to balance providing incentives for eco-system partners while achieving public policy goals. The business model and design will need to be adaptable to changing technology, payments, business, economic and policy environment over multiple decades.

 

What you will do
Reporting to the Assistant Director, Systems and Business Design in the Fintech Research team, you are responsible for bringing your knowledge of the payments eco-system in a major design effort. Working in a talented, high-performing team of economists, business architects, system architects and technical subject-matter experts you will apply your knowledge to shape the business model and system design that may be deployed nationally in the future.

 

As part of your main responsibilities you will:

  • Provide expert advice on all aspects of the payments industry including the current eco-system and trends. 
  • Contribute to the development of business and operating models for CBDC eco-systems
  • Guide business development with eco-system participants such as merchants and fintechs
  • Advise on regulations such as anti-money laundering and how to comply with them
  • Contribute in the business analysis with stakeholders such as merchants, payment service providers, fintechs etc.
  • Maintain in-depth, up-to-date knowledge of developments in technology and business in the payments industry to ensure the development of a world-class CBDC. 

 

What you will need to succeed
We are looking for a Payment Systems expert working at the cutting edge of new developments and who has: 

  • Strong knowledge of the payments industry in Canada
  • Good understanding of related regulations and legal issues within the payments industry
  • Great partnering skills to collaborate with vendors and stakeholders to build fruitful relationships and positive outcomes

 

Nice-to-have 

  • Exposure or Involvement at the early stages of product development
  • Working experience collaborating with technology specialists and a solid understanding of payment related technologies
  • Familiarity with business modelling 
  • Academic background in business, commerce or other fields relevant to the business side of the payments industry 
  • Good knowledge of the global payments landscape and trends

 

Your education and experience
The position requires a bachelor’s degree with a minimum of five years of work experience in the payments industry as well as a minimum of three years of work experience in a business development role or 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: Secret 
  • You will work remotely from any location within Canada while the Bank operates under mandatory telework. Flexibility for remote work for the duration of the term may be granted.
  • 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.
  • 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.  
  • The official title for this position is “Payment Systems Specialist ” 

 

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 $94,100 to $117,600 (job grade 18)
  • Depending on performance, you may be eligible for performance pay for successfully meeting (7 to 10% of your base salary) or for exceeding expectations (15% 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 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 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. #LI-POST