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.
Did you know?
As the Government of Canada’s fiscal agent, the Bank provides advice to the Department of Finance for the management of the Government’s debt and foreign reserves and conducts the associated financial transactions on its behalf. The Government plans to borrow $280 billion in fiscal year 2019-20 and its foreign reserves presently stand at about US$84 billion.
About the position
Reporting directly to the Deputy Managing Director of the Funds Management and Banking Department (FBD), you lead the development of financial models to support the formulation of strategies for the funding and management of Canada’s foreign reserves, the issuance of the Government of Canada’s domestic debt and the management of the investment portfolio for the Bank of Canada employee pension fund.
This involves conducting analysis as an individual contributor as well as providing authoritative advice to colleagues and management. It also includes building a broad range of collaborative relationships internally and externally to stay abreast of relevant financial developments and influence others to support the work of the Bank.
As Policy Advisor, you are a member of FBD’s leadership team and are recognized for your deep specialized expertise in financial markets and related funds management areas and for your leadership competencies.
Your future responsibilities
You lead the development of recommendations for a multi-year strategy for financial models in FBD and coordinate and participate in critical projects and studies related to its implementation. Particular areas of focus are to (i) enhance FBD’s suite of models by revisiting the theoretical underpinnings and assumptions in our models, and (ii) to ensure that our models meet the Bank’s standards for managing model risk.
In addition to your primary responsibilities associated with modelling, you may be asked to participate in the formulation of funds management strategies depending on your interest and the Department’s business needs.
You present findings to a wide variety of internal and external audiences and work closely with Senior Officers, Directors and their teams of Economists and Financial Sector Specialists who are involved in research and funds-management-related activities throughout FBD and the Financial Markets and Financial and Enterprise Risk Departments. You are also responsible for leading and coordinating regular discussions across teams and departments.
Your education and experience
Your knowledge and skills
English and French essential (bilingual) with a minimum starting level of intermediate (level 3) in second official language. Training may be provided to help reach the required level of functional (level 4) 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.
For more information on key benefits, please visit www.bankofcanada.ca/careers/working-here.
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.