Analyst or Senior Analyst, Financial Markets Policy Analysis
City, Province, Country:
Ottawa, Ontario, Canada
Number of Positions:
February 7, 2012
February 21, 2012
(Annual salary): The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $54,580 to $97,836* (job grade P1 to P4 or 17). *Where the Bank has needs for specialized skills, it may offer higher starting salaries to exceptional candidates.
Canada's central bank is the nation's pre-eminent macroeconomic policy institution. No other employer in the country offers you the unique opportunity to work at the very centre of Canada's economy, in an organization with significant impact on the economic and financial well-being of all Canadians. No matter what your area of expertise, you'll enjoy an open culture and a superior work environment that will challenge, energize, and motivate you to excel. (More info)
The Financial Markets Department (FMD) is aligned with the financial system function of the Bank of Canada, and coordinates with the Financial Stability Department in this regard. From the perspective of financial markets, FMD provides monitoring, analysis, policy advice and research on a wide range of topics in support of the goal of promoting the safety and efficiency of the overall financial system. From the same perspective, FMD contributes to the monetary policy and funds management functions. The department also conducts and supports a range of operations for each of these three core functions. In coordination with the Funds Management and Banking Department, FMD contributes to the overall management of Government of Canada financial assets and market debt, and executes the transactions that the Bank undertakes on behalf of the Government of Canada in Canadian-dollar and foreign-currency-denominated markets. Finally, it advises on and implements monetary policy actions.
The Financial Markets Policy Analysis (FMPA) division within the Bank of Canada’s Financial Markets Department conducts policy analysis and applied research in areas related to the stability and efficiency of the financial system and the implementation of monetary policy. From a financial markets perspective, the division also provides policy advice and briefings to the Bank’s senior management to inform and influence policy discussions.In doing so, FMPA contributes to the Bank’s commitment to actively promote safe and sound financial systems both in Canada and internationally. In particular, FMPA coordinates the department’s contribution to the Financial System Review (FSR), which includes the monitoring and assessment of risks and vulnerabilities in the Canadian financial system, and conducts research and analysis that enhance the Bank’s ability to monitor and analyze the factors affecting those vulnerabilities, including through the development of rigorous analytical tools. FMPA is also involved in the development and formulation of policy advice, for example, regarding the design and assessment of liquidity facilities as well as other financial system policies such as margin and haircut policies. In addition, the division contributes to the development of policy approaches that promote well-functioning and sound capital markets, and provides analytic support for partnerships between the Bank and other domestic and international organizations.FMPA draws on a financial markets perspective to provide timely monetary policy tactical advice to the Bank’s senior management. The team also conducts longer-term analysis and applied research on topics such as asset pricing, extracting information from asset prices, measuring the impact of monetary policy actions on markets, and developing analytical tools and empirical approaches to strengthen the department’s analysis in these areas.
As an Analyst or Senior Analyst, you work under the direction of the Assistant Director. You conduct research and current analysis, and you brief various stakeholders on your findings. You are involved in the development and formulation of policy advice, for example, regarding liquidity facilities and financial system policies. You are also involved in the monitoring and assessment of risks and vulnerabilities to the Canadian financial system. In addition, you conduct longer-term analysis and applied research on topics related to financial markets that are relevant to the Bank’s financial stability and monetary policy mandates. In particular, you:• produce high-quality written and oral briefings to senior management on matters related to the responsibilities of the division, and make policy recommendations • conduct high-quality analysis and/or research on subjects related to financial markets and the Bank’s financial stability and monetary policy mandates, for example, market-based financing, asset pricing, liquidity policies and monetary policy• assess financial market developments and provide analysis of their implications for financial stability and the formulation of monetary policy• deliver presentations to internal and external audiences• contribute to building relationships with external parties, such as other central banks, academics, regulators and financial market participants• promote creative and analytical thinking
• a master’s degree or PhD in finance or economics • a minimum of two years of relevant work experience in the area of financial markets, financial system or financial regulatory issues • English or French essential• analytical thinking and problem solving: ability to bring a wide range of considerations and perspectives to issues and to conduct careful analysis; demonstrated ability to conduct independent research and analysis• communication: ability to clearly communicate information and ideas adapted to the target audience, using clear and compelling written and oral communication skills• scope and breadth of subject matter: ability to integrate specialized and complex areas of expertise, e.g., financial market analysis and economic analysis in the conduct of work• depth of subject matter: ability to develop and apply in-depth knowledge and understanding of financial markets, including an understanding of Canadian financial markets• teamwork: ability to work collaboratively and effectively with others within the team, across teams, with other departments, and with partners outside the Bank as needed to build supportive working relationships in order to deliver on commitments• innovation: ability to motivate yourself and others to generate and implement creative solutions and novel ways to advance the Bank’s knowledge• commitment to continuous learning and self-development
• ability to communicate effectively in both official languages
• Condition of employment: Candidate must be eligible for secret status clearance.• Relocation assistance may be provided, if required. • We are committed to employment equity and we encourage applications from qualified men and women, including Aboriginal peoples, persons with disabilities and members of visible minorities. • Only the candidates selected for an interview will be contacted.
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