Assistant Chief, Macro-Financial Studies
City, Province, Country:
Ottawa, Ontario, Canada
Number of Positions:
February 16, 2012
March 4, 2012
(annual salary): The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $106,250 and $171,233* (job grade 19 to 21).*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 Canadian Economic Analysis (CEA) Department provides high-quality economic analysis, projections and research that contribute primarily to the Banks monetary policy function. The department also conducts longer-term research into issues relevant to monetary policy, including how to best design Canadas monetary policy framework and linkages between real and financial variables. You are a member of the department management team. Under the general direction of the Chief of the Canadian Economic Analysis Department, you direct activities of Macro-Financial Studies (MFS) (formerly known as Alternative Models and Indicators). You manage the resources in your division to produce high-quality, short-term analysis and medium- and longer-term research that will lead to a better understanding of key real-financial linkages in the Canadian economy and their relevance to the economic outlook. You ensure that the insights of the analysis are relayed to Bank senior management in a timely and effective manner. In particular, the division examines credit and monetary variables, the financing conditions faced by households and firms, and draws implications for the macroeconomy and monetary policy. In that context, MFS produces a Quarterly Report on Credit and Money for senior management. You keep abreast of related research and analysis elsewhere in the Bank and externally.You ensure that the medium-term and long-term (empirical and model-based) research have an impact on policy decisions and improve our understanding of issues pertaining to real-financial linkages. These issues may include the nexus between monetary policy and financial stability; the monetary transmission mechanism; the macroeconomic implications of household, firm and/or bank balance sheets and related distributional effects; the interaction between monetary and macroprudential policies; and unconventional monetary policy. You also ensure that an important role is played in the development of economic models and tools featuring a variety of financial channels for policy analysis, that the division keeps abreast of theoretical and empirical advances in the economics profession and that it informs management of the implications of these developments for Canadian monetary policy.
master's or PhD in economics a minimum of four years of work experience in performing analysis that has resulted in the completion of high-quality, original research papers English and French essential linguistic requirement: (minimum starting level) level 4 functional in second official language (training will be provided to help the selected candidate reach the required level of fully functional) capacity to lead, coordinate and provide direction for the division ability to articulate a vision for the division that is consistent with departmental needs and ability to anticipate the research and analysis needs of senior management demonstrated ability to publish regularly in Bank publications and to undertake own and joint research on topics of interest to the Bank organize training of staff and have demonstrated ability to coach and develop others capacity to motivate, supervise and work as part of a team (department or interdepartmental) ability to distill information content from diverse, and often contradictory, economic and financial indicators analytical thinking: ability to analyze complex issues, diagnose multi-dimensional problems and devise appropriate responses or strategies conceptual thinking: ability to quickly grasp the essence of complex issues and develop insightful concepts, models or frameworks to address them strategic orientation: demonstrated ability to develop long-range visions and long-term objectives action management: ability to actively monitor others performance and deal with performance issues developing others: ability to encourage and support the long-term development of others by providing coaching and feedback on competencies and arranging learning opportunities people/team leadership: demonstrated ability to lead a team and create team effectiveness by communicating a long-term vision, providing guidance, resolving conflicts, inspiring confidence and optimizing performance effective interactive communication: ability to communicate effectively with a wide variety of audiences by adapting one's language to the audience, by clarifying complex information and by conveying sensitive information in an appropriate manner relationship building: ability to build and cultivate a broad network of relationships that can be leveraged to gain support or co-operation
demonstrated experience in managing a team demonstrated ability to write for a non-technical audience demonstrated ability to publish regularly in top journals knowledge on financial economics issues fully functional in second official language
A document in addition to your cover letter should briefly summarize: (i) your potential contribution to the achievement of the departments objectives; and (ii) your approach to performance management. Condition of employment: Candidate must be eligible for reliability 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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