Assistant Director, Pension Fund
City, Province, Country:
Ottawa, Ontario, Canada
Number of Positions:
September 11, 2012
September 24, 2012
(annual salary): The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $106,250 and $132,812* (job grade 19). *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)
As part of the Funds Management and Banking Department (FBD), the Pension Fund Team implements the investment policy of the Bank of Canada's Pension Trust and the Supplementary Trust Funds (the Fund).The Assistant Director, Pension Fund, has three main responsibilities: (i) managing the day-to-day investment policy of the Fund; (ii) advising the Pension Fund Investment Committee on the design and development of best-practice investment policies as they apply to the Fund; and (iii) interacting with the Pension Committee on investment strategies and the performance of the Fund. The Assistant Director reports to the Chief of FBD. The Pension Fund Assistant Director is a member of the Pension Fund Investment Committee, which is responsible for the overall management of the Funds assets. The broad objective of the investment policy is to achieve the best rate of return for the Fund, subject to acceptable levels of investment risk, in accordance with federal legislation, policy of the Office of the Superintendent of Financial Institutions, the Funds Statement of Investment Policy and direction from the Pension Committee.
manage the Pension Fund team, which includes a senior analyst and an analyst, in addition to the Assistant Director implement the asset/liability investment strategy to achieve the Fund's risk-adjusted return objectives within the established investment guidelines and risk-management parameters monitor external investment managers, as well as lead the search process and recommendations for any selection and/or termination of external investment managers monitor and review the Fund's service providers, including custodian/trustee, performance measurement provider and investment consultants lead the development of the Pension Fund Investment Committee work plan and its implementation, set the strategic direction of the Fund's investment effort, propose major priorities and resource allocation, coordinate ongoing work, and suggest future projects report to the Pension Committee on a quarterly basis on the investment activity of the Fund, as well as make recommendations for changes to the investment activity and for the Pension Committee education sessions related to investment issues undertake research on financial and pension-related topics that will enhance the functioning and risk-adjusted performance of the Fund, as well as assess the suitability of new investment vehicles and alternative investment strategies for the Fund
Chartered Financial Analyst (CFA) designationand a minimum of two years of work experience in pension-related administration, asset management or trading functionsin addition English and French essential linguistic requirement: functional in second official language (training may be provided to help the selected candidate reach the required level of fully functional) ability to communicate effectively with a wide variety of audiences (clients, staff and external market contacts) by adapting one's language to the audience, by clarifying complex information and by conveying sensitive information in an appropriate manner, at times under pressure ability to analyze complex issues, diagnose multi-dimensional problems, and devise appropriate responses or strategies capacity to quickly grasp the essence of complex issues and develop insightful concepts, models or frameworks to address them capacity to create new insights, devise novel approaches and make innovative decisions ability to think strategically to develop long-range visions and long-term objectives and understand the context and capabilities of one's organization and the potential impact of change aptitude to anticipate future opportunities or uncover potential problems and devise plans to address them knowledgeable in the current pension legislative framework and best industry practices investment management experience, including asset/liability, asset allocation rebalancing transactions, fixed income and foreign exchange management proven ability to produce and present quarterly and annual documentation
fully functional in second official language
Condition of employment: Candidate must be eligible for reliability status clearance. Relocation assistance may be provided, if required. The Bank of Canada benefits from the unique perspectives, attributes and talents of its diverse workforce. We offer flexibility to accommodate the needs of our employees and candidates. The Bank of Canada is committed to employment equity and actively encourages 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.If you are a qualified candidate, please submit a detailed resumι and a covering letter by 24 September 2012. We will also ask you to complete a mandatory questionnaire during the application process.
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