Senior Analyst, Statistical Analysis
234 Wellington Street
Number of Positions:
June 12, 2013
July 3, 2013
The Bank offers a competitive total compensation package with starting salaries based on qualifications.
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 Data and Statistics Office (DSO) ensures that economists and researchers in the monetary policy and financial system departments at the Bank of Canada have easy access to accurate, coherent, relevant, timely and interpretable data, as well as the Information Technology (IT) tools to effectively exploit the data. DSO is responsible for a comprehensive range of statistical activities, including design of conceptual frameworks, design and implementation of statistical methodologies, data collection and verification, data processing, data analysis, dissemination and warehousing. DSO also plans and coordinates the evolution of IT hardware and software for analytical systems, and provides support for implementing economic models and high-power computing. To fulfill its mandate, DSO works closely with other departments at the Bank of Canada, Canadian financial institutions and regulators, Statistics Canada, the International Monetary Fund, and the Bank for International Settlements.
Under the guidance of DSO management, the Senior Analyst in the Statistical Analysis team plays a lead role in ensuring that the Bank’s key monetary, credit and banking data are of high quality, conceptually sound and aligned with developments in the financial sector and macroprudential analysis. The Senior Analyst will assist staff in DSO and the economics departments in the application and analyses of these statistics to support economic policy, particularly financial stability and monetary policy analysis.
• lead DSO’s annual update to regulatory returns and associated instructions to ensure that the Bank’s data requirements are met and communicated with partner agencies• act as primary point of contact for DSO in interdepartmental committees; relied on to understand key data requirements and the impact of new requirements on the Bank’s analysis and processes • under guidance from DSO management, ensure that existing data gaps and emerging areas of risk are identified and addressed with appropriate data-collection strategies • as DSO’s subject-matter expert on financial sector statistics, maintain knowledge on emerging financial sector issues such as securitization and shadow banking• build and maintain relationships with internal and external stakeholders to develop expertise, clarify the Bank’s reporting requirements and remain current on issues affecting financial sector statistics • ensure that expertise is transmitted within the team, across DSO and to other departments at the Bank• work collaboratively with management and other colleagues to develop schedules for key projects where DSO is a stakeholder• develop and coordinate high-quality investigations and technical analyses to support DSO’s data and statistics programs• recommend and implement changes and continuous improvements to key financial sector statistics
• completed bachelor’s degree in economics or business (with a major in finance or accounting) with five years of relevant work experienceor • an equivalent combination of education and experience may be consideredrelevant work experience would generally be from:• the banking/financial sector, e.g., risk assessment, regulatory reporting• financial sector regulation• development and production of financial sector statistics• using financial sector statistics for economic policy analysisin addition:• English or French essential • strong understanding of the financial sector and related financial and accounting concepts• expertise in assessing the quality of economic/financial statistics• strong communication skills, both oral and written• skilled in making presentations to a wide variety of stakeholders• strong planning and organizational skills• solid analytic skills with the ability to make compelling arguments when giving advice or making recommendations• experience working with large data sets and ability to effectively use statistical software (e.g., Excel, FAME, SAS, MATLAB)• ability to coach and obtain co-operation from others to achieve common goals, with well-developed leadership skills• experience in setting priorities and monitoring projects and initiatives and in ensuring follow-through
• functional in second official language• relevant post-graduate degree or designation, e.g., Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), Chartered Accountant (CA), Canadian Securities Course (CSC), etc.• good understanding of the Bank of Canada’s financial sector statistics
• Condition of employment: Candidates must be eligible for reliability status and legally entitled to work in Canada.• Flexible working hours and occasional overtime may be 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.• Possibility of secondment/interchange with the federal public service, other central banks or other organizations• 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 July 2013. We will also ask you to complete a mandatory questionnaire during the application process.
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