Analyst / Senior Analyst, Foreign Debt and Asset Policy
Term, one year with possibility of extension or of becoming regular
234 Wellington Street
Number of Positions:
November 1, 2013
November 13, 2013
Annual salary: The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $55,399 and $99,304* (job grade P1 to 17). *Where the Bank has needs for specialized skills, it may offer higher cash compensation 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 Funds Management and Banking Department (FBD) is responsible for the recommendations to the Department of Finance on the policies and strategic direction for the Bank of Canada’s funds-management activities. Funds-management activities include the funding and investment of Canada’s foreign exchange reserves, the management of the federal government’s wholesale and retail debt programs, and the investment of the Bank of Canada’s pension fund. The department also oversees the management of financial risks associated with these funds-management activities and provides back-office payment and settlement services to the federal government, foreign central banks, and key national and international payments organizations. Finally, the department undertakes fundamental research on the safety and efficiency of payments and settlement systems to support its funds-management activities.
The Foreign Debt and Asset Policy team is responsible for policy issues related to foreign currency borrowing and investments in foreign currency assets. The team’s primary focus involves working with the Department of Finance to provide the Minister with advice on the funding and investment of Canada's foreign exchange reserves. The Foreign Debt and Asset Policy team is the Department of Finance’s primary contact at the Bank of Canada for matters pertaining to foreign reserves, and also works closely with the Foreign Reserves Management team of the Financial Markets Department of the Bank of Canada. The Foreign Debt and Asset Policy team is responsible for conducting and coordinating analysis on the appropriate structure and tools for the funding and investment of foreign reserves. The successful candidate will actively participate in the construction and maintenance of foreign reserve portfolio benchmarks.
The successful applicant will play a key role in conducting research and analysis to ensure that the output of the team is of the highest quality. The successful applicant will be required to:• actively participate in the construction and maintenance of portfolio benchmarks • propose, lead and conduct high-quality analytical and/or research projects • use and maintain a customized quantitative model to make foreign reserve asset and liability policy recommendations• monitor financial market developments with respect to how they might affect responsibilities of the team• build relationships with external parties, e.g., Department of Finance, financial market participants and organizations, other central banks, and outside academics for the purpose of sharing knowledge, research and analysis
• master’s degree in finance, economics or business administrationand• a minimum of two years of work experience in policy or operational aspects of benchmarking, asset management, fixed income, foreign exchange, equity markets, pension-related administration, risk management or trading functionsor• an equivalent combination of education and experience may be consideredin addition:• English essential• ability to communicate effectively orally and in writing• interest in and knowledge of the Bank of Canada's fiscal-agent responsibilities • capacity to work collaboratively with others within the team, across teams and with other departments to pass on knowledge and to build supportive working relationships to deliver on commitments and lead projects effectively• ability to bring a wide range of considerations and perspectives to issues• strong quantitative knowledge as demonstrated by the ability to use a wide range of financial platforms and computer applications (such as Bloomberg and Matlab) is essential• experience that could include benchmark management, asset management, asset/liability management, risk management, fixed income or foreign exchange management is essential• knowledge of financial market issues and developments, as well as knowledge of economic/financial theory and quantitative methods• ability to analyze and research complex issues, diagnose multi-dimensional problems and devise appropriate responses or strategies
• ability to communicate effectively in both official languages• professional designation such as Financial Risks Manager (FRM) or Chartered Financial Analyst (CFA)
• Condition of employment: Candidate must be eligible for reliability status.• Priority will be given to Canadian citizens and permanent residents.• There will be no relocation assistance provided for this recruitment action.• Key benefits offered include: health and dental care, sick leave and paid vacation. • Only the candidates selected for an interview will be contacted.• 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.If you are a qualified candidate, please submit a detailed resumé and a covering letter by 13 November 2013. We will also ask you to complete a mandatory questionnaire during the application process.
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