Principal Researcher, Monetary Policy Studies

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Requisition #:  J1212-0321

Position Title:  Principal Researcher, Monetary Policy Studies

Department:  Canadian Economic Analysis department

Employment Type:  Full-time

Position Type:  Regular

Location:  234 Wellington Street

City, Province:  Ottawa, Ontario

Country:  Canada

Job Category:  Economics

Number of Positions:  0

Date Posted:  December 11, 2012

Closing Date:  January 6, 2013

Salary Range:

(annual salary): The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $90,685 and $113,356* (job grade 18).
*Where the Bank has needs for specialized skills, it may offer higher starting salaries to exceptional candidates.

Take a Central Role at the Bank of Canada:

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)

Department info:

The Canadian Economic Analysis Department (CEA) provides high-quality economic analysis, projections and research that contribute primarily to the Bank's monetary policy function. The department also conducts longer-term research into issues relevant to monetary policy, including factors affecting the monetary policy transmission mechanism and those influencing the economy’s long-run potential. CEA plays an active role in the communication of monetary policy and as external liaison with the academic community, other central banks, international organizations, Canadian businesses and the Canadian public. The department also disseminates its research at seminars and conferences, as well as through working papers and economic journals.

The Monetary Policy Studies Division focuses on the development and application of advanced techniques to study fundamental issues relevant to Canadian monetary policy. MPS aims to produce leading-edge research and policy advice of the highest quality including work on the optimal design for Canada’s monetary policy framework, expectations formation, as well as interactions between the financial sector and the real economy.

Job Summary

As Principal Researcher, you: (i) work under the general direction of the Assistant Chief of the division, substituting for him/her, as required; (ii) initiate, lead and conduct economic research; (iii) provide policy advice on fundamental monetary policy issues; (iv) participate in management of the division, helping the Assistant Chief to ensure that the division's work plan objectives are achieved; (v) coach and collaborate with other research economists in the department; and (vi) contribute to a supportive and collegial environment that attracts, develops and retains staff and motivates them to achieve excellence in economic analysis.

Central Responsibilities:

• initiate, lead and conduct research/analysis on topics or questions identified in the work plan or requested by Bank management
• provide leadership by anticipating issues and contributing to the work plan development
• disseminate research outcomes both inside and outside the Bank
• help raise the profile and policy impact of the division’s research and analysis
• build relationships and work collaboratively with external parties
• advise colleagues and Bank management in areas of subject-matter expertise
• represent the department on Bank-wide committees

Key Requirements:

• PhD in economics or finance with at least two years of work experience conducting economic research and analysis (including graduate economics/finance training) or master's degree (MA, MSc, etc.) in economics or finance with at least five years of work experience conducting economic research and analysis
• ability to conduct research projects on relevant policy issues and to publish them in Bank and external publications, including peer-reviewed journals
• strong interpersonal, coaching and communication skills, both oral and written, including the capacity to edit and improve the clarity and analytic content of the work of other staff
• ability to work in a team environment, promote integration and co-operation across divisions and departments, and communicate and work effectively with Bank management
• English and French essential
• linguistic requirement (minimum starting level): level 3 – intermediate in second official language (training may be provided to help the selected candidate reach the required level of 4 – functional)


• proven experience conducting research relevant for monetary policy (such as on the nexus between monetary policy and financial stability, expectations and the optimal design of the monetary policy framework)
• track record of publication in peer-reviewed journals
• experience conducting high-level presentations to non-technical audiences and experience responding to shorter-term requests and questions


• 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 resumé and a covering letter by 6 January 2013. We will also ask you to complete a mandatory questionnaire during the application process.

Sorry, this job is no longer available.

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