Assistant Chief, Advanced Economies Division
City, Province, Country:
Ottawa, Ontario, Canada
Number of Positions:
August 10, 2012
September 3, 2012
The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $106,250 and $152,022* (job grade 19 or 20). *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)
About International Economic AnalysisAs part of the monetary policy function, the International Economic Analysis Department contributes to the Bank’s objectives in three main areas. First, it produces timely analysis of current and prospective economic developments in foreign countries. Second, it provides analysis and policy advice on global economic issues, including those addressed by international organizations such as the G-20 and the International Monetary Fund. Third, it undertakes studies on topics related to the global economy, including exchange rates and commodity prices.The Advanced Economies Division monitors, analyzes and produces research on economic, financial and policy developments in advanced economies (other than the United States and Canada). The division also develops and uses projection and current analysis models of these economies.
Under the direction of the Department’s Senior Management Team, the Assistant Chief occupies a key position in the department, providing leadership and direction to the division.The Assistant Chief manages a division consisting of one principal researcher, four economists and one research assistant, and coordinates the division’s activities with those of other areas of the department and the Bank. She/he provides leadership to the team with respect to its research, current analysis and projection activities. The Assistant Chief also plays a key role in the department’s contribution to the analysis around the Bank’s fixed announcement dates (FADs) and in ensuring that the output of the division is of high quality.The Assistant Chief is expected to contribute to the monetary policy process by directing and contributing to the analytical work of the division, including policy notes and research papers, and by making presentations to the Governing Council. As a member of the departmental management team, the Assistant Chief participates in the development and implementation of the departmental work plan, supports the department’s broad management objectives, provides input to its strategic direction and contributes to “Manage the Bank” initiatives.
• provide effective direction and leadership to the division through well-articulated work plans and a clear vision of the role of the division• oversee monitoring, current analysis and projections • ensure the clarity, coherence and overall quality of the division’s written and oral analysis• contribute to the analysis supporting monetary policy by writing and overseeing the production of fixed announcement date (FAD) material, and by delivering FAD presentations• oversee preparation of briefing material for Bank representatives who attend international meetings (e.g., the Organisation for Economic Co-operation and Development, the Bank for International Settlements, the International Monetary Fund, and the G-20)• ensure that the division meets its work plan objectives by effective planning and by providing coaching and timely and constructive feedback • provide leadership for the research and modelling activities of the division• use interpersonal and communication skills to work collaboratively and liaise with counterparts, presenting to a wide variety of internal and external audiences as necessary
• master’s degree or PhD in economics or finance• a minimum of seven years of experience (including graduate economics/finance training) in economic and policy analysis• 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)• excellent analytical, research and problem-solving skills, including a high level of initiative and innovation • demonstrated ability to conduct insightful economic analysis, to develop sound policy advice, and to make presentations to a wide variety of internal and external audiences• strong writing and presentation skills• ability to coach others in the division to develop their empirical, analytic and communication skills and ensure that their work is of high quality• flexibility in carrying out a number of different tasks and in working under significant pressure and very tight deadlines• ability to promote integration and co-operation across divisions and departments, and communicate and work effectively with senior managementTechnical abilities:• good knowledge of monetary policy, international macroeconomics, applied macro modelling techniques and econometrics• experience in developing and using projection and forecasting models• familiarity with leading current analysis • working knowledge of TROLL and/or MATLAB and/or EViews and/or FAME
• level 5 – fully functional in second official language• familiarity with the advanced economies and relevant data• familiarity with the international monetary system and related institutions • knowledge of international economic and financial issues relevant to the Canadian economy• success in managing a team• ability to publish research in Bank and external publications, including peer-reviewed academic journals• research experience in international economics• well-developed network of relevant contacts
• Condition of employment: Candidates must be eligible for reliability status security 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 resumé and a covering letter by 3 September 2012. We will also ask you to complete a mandatory questionnaire during the application process.
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