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Requisition Number:  10209
Position Type:  Term
Position Length:  One year, possibility of extension
Location: 

Various locations, ON, CA

Remote Work:  Hybrid Model
Closing Date:  September 22, 2024 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 accessiblecareers@bankofcanada.ca 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). 

Research Assistant (Bachelor's Degree, Recent Graduates)

 

Take a central role 

Each year, bachelor-level graduates’ step into the role of Research Assistant, becoming integral members of our economic and financial research teams. These positions, primarily based at our Head Office in Ottawa, allow you to dive into the daily activities that drive the Bank's core functions. Occasionally, opportunities arise in our Regional Offices across Canada. As a Research Assistant, you'll spend your days working with cutting-edge tools and gaining invaluable hands-on experience, contributing directly to the impactful work we do.

 

A Day in the Life of a Research Assistant 

Start your day by catching up on the latest economic and financial news, both locally and globally. This sets the stage for your analysis work, where you'll build narratives that influence policy recommendations, dive into preparations for different Governing Council data, and synthesize complex economic developments into clear, concise reports for senior leadership.


You will regularly engage in research projects on innovative topics, collaborating with senior researchers. Your contributions help advance the understanding of economic trends and policy impacts. You play a vital role in the publication of key reports like the Monetary Policy Report, ensuring accuracy and clarity. 


You will have opportunities to spend time on professional development (LinkedIn learning, attending seminars from visiting speakers, etc.) whether it’s learning new software or exploring recent economic theories, continuous learning is a part of the role.

 

Eligibility
To be considered for this opportunity you must have completed a bachelor’s degree between January 1, 2022, and December 31, 2025, in either of the following fields: 

  • Economics
  • Finance
  • Mathematics or Statistics 
    • With a minor in Economics or Finance  
  • Business Administration; Commerce; or Computer Science 
    • With a major in Economics or Finance 

 

Skills

  • Excellent analytical, research, and problem-solving abilities
  • Experience in data collection and analysis
  • Commitment to continuous learning
  • Ability to work both collaboratively and independently
  • Proficiency with tools like MATLAB, Python, EViews, R, Julia, Stata, C/Fortran, ArcGIS, Bloomberg, Reuters, VBA, SQL, etc.

 

Assets
Knowledge of econometrics, financial modeling, market issues, and regulatory policies. 

 

Recruitment Process
 

     Application
     To be considered you must submit the following documents: 

  1. Resume
  2. Cover letter tailored to why you want to work at the Bank and how your skills make you a strong candidate 
  3. Official or unofficial transcript with courses clearly identified by their name

 

     Selection

  1. Candidates selected to move forward will be required to complete a programming assessment; the exercise is designed to assess your data analysis and programming skills and must be completed by you
  2. Interviews are structured to provide comprehensive evaluation of each candidate’s qualifications and fit for the role; answers to the programing test will be discussed during the interview

 
Positions are filled year-round based on operational requirements. If you’ve previously applied, we encourage you to re-apply. 

 

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.

We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career.

 

  • Salaries are based on qualifications and experience and typically range from $62,390 to $73,395 (job grade 13).
  • Depending on performance, you may be eligible for performance pay for successfully meeting (3 to 5% of your base salary). The Bank offers 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 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


For more information on key benefits, please visit https://www.bankofcanada.ca/careers/working-here. 


Additional information

  • Language requirement: English or French essential 
  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Be eligible to obtain Reliability or Secret 
  • No relocation assistance will be provided (a relocation allowance of $650 may be provided based on work location) 
  • Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
     

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. 

 

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

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