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.
About the position
The Director, Business Analysis and Policy Development (BAPD) leads a team of business analysts and directs the analysis of the evolving business needs of the Currency Department’s internal business functions and external stakeholders/environment, across all facets of currency (e.g. note demand, issuance, distribution, security, quality, acceptance, efficiency, effectiveness, accessibility). The main goal of the team is to help set strategic direction for the department and to update, develop and recommend policies to address these needs as well as help set its future direction.
Did you know?
Here are a few of the BAPD team’s most recent accomplishments:
- Recommendation of an optimal issuance sequence for a new series of banknotes
- Review of the cost efficiency of the banknote distribution system in Canada
- Pursuit of legislative changes to allow for the removal of legal tender status of notes
- Analysis of the foreign demand of Canadian banknotes
- Monitoring cash accessibility in Canada in the transition to a less-cash society
Your future responsibilities
- Identify and analyze changes to the external environment that could have an impact to banknote demand, quality, security, acceptance, accessibility, as well as opportunities to improve the efficiency and effectiveness of Currency’s internal business functions: Research, Operations, Stakeholder Management
- Stay abreast of approaches, policies, and best-practices implemented at other central banks and jurisdictions
- Analyze Currency function issues that arise in a transition towards a less-cash society and recommend initiatives and policies that the Bank should pursue
- Develop policies related to banknote development & issuance, to banknote quality & production, and to banknote distribution & circulation
- Responsible for long-term departmental strategic planning, in collaboration with Director of Projects & Planning
- Lead financial analyses to guide major investment decisions
- Consult with internal stakeholders across the Department, with internal service providers across the Bank (e.g., Legal, Finance) and with external parties and stakeholders (Government, financial institutions, law enforcement, central banks, consultants) for input into business analysis and policy development.
- Act as primary liaison with the Department of Finance Canada on currency policy
- Ensure effective team and program management, through allocation of accountabilities and responsibilities, diligent project tracking and reporting against deliverables, budget and timelines.
- Provide ongoing performance feedback, for supporting the development of team members and ensuring succession planning is in place.
- Accountable to members of the department's Senior Leadership Team for the vision and operational direction of the Team.
Your education and experience
- Bachelor’s degree in a relevant discipline (e.g. Business, Economics, Administration, Law) with a minimum of eleven years of relevant work experience, including a minimum of three years of work experience within a management role
- an equivalent combination of education and experience may be considered
Your knowledge and skills
- Experience in strategic planning: identifying and evaluating organizational and environmental challenges, opportunities, strengths and weaknesses, and translating them into long-term objectives and plans.
- Experience coordinating and conducting research and analysis to make business and/or policy recommendations.
- Strong leadership skills: proven ability to lead and coach a team to deliver on business commitments and attain their individual professional goals.
- Ability to build and maintain effective relationships with internal and external business partners, and to manage projects with external collaborators and consultants.
- Excellent oral and written communication skills: experience generating written reports (research/analysis/policy papers, briefing notes, recommendations) and in communicating with a wide variety of audiences.
- Working familiarity with forecasting/modelling practice and financial reporting
- Breadth of knowledge across all areas of the Currency function (economic research and analysis, banknote development and design, banknote production and distribution, stakeholder education and communications)
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.
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.
- Salaries are based on qualifications and experience and typically range from $125,800 to $155,400 (job grade 20)
- 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, 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
For more information on key benefits, please visit www.bankofcanada.ca/careers/working-here.
- Priority will be given to Canadian citizens and permanent residents
- Security level required: Secret
- Relocation assistance may be provided, if required
We wish to thank all applicants for their interest and effort in applying for this position; however, only candidates selected for interviews will be contacted.