Research Adviser – Financial Stability Department

Share | Get the Bank of Canada jobs RSS feed

Requisition #:  J1112-0009

Position Title:  Research Adviser – Financial Stability Department

Department:  Financial Stability Department

Employment Type:  Full-time

Position Type:  Regular

Location:  234 Wellington Street

City, Province:  Ottawa, Ontario

Country:  Canada

Job Category:  Research

Number of Positions:  1

Date Posted:  November 1, 2012

Closing Date:  November 20, 2012

Salary Range:

(annual salary): The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $121,618 and $171,233* (job grade 20 or 21).
*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)

Job Summary

The Financial Stability Department conducts analysis and research on questions relating to overall financial stability in Canada, including the assessment of the financial system's vulnerability to potentially stressful scenarios. In addition, the Bank’s legislative responsibility to oversee important, payment, clearing and settlement systems is carried out by the Financial Stability Department. The department also conducts regular monitoring of the financial sector in Canada and abroad and provides analytically backed policy advice related to financial sector developments and regulatory reforms.

Under the general direction of the Deputy Chief, you are responsible for conducting and guiding leading-edge, policy-relevant research aimed at enhancing the Bank of Canada’s understanding in a broad range of issues related to the functioning of the financial system. You are also responsible for driving a specific policy or research agenda that requires you to collaborate with and guide staff from various divisions within FSD as well as brief the Bank’s senior management. You work closely with the department’s management team to develop the overall research and policy agenda of the department.

As Research Adviser, you ensure that the department’s staff are well informed regarding relevant modelling and quantitative techniques. Finally, you maintain contacts with other researchers and policy advisers through publications, seminars and conferences.

Central Responsibilities:

• conduct and oversee research and analysis related to the stability and efficiency of the financial system
• provide input into the strategic-planning process of the department
• provide analytical advice and guidance to others
• monitor the department’s research activities to ensure that quality standards are met, and implement corrective measures to address any significant deficiencies
• develop and maintain effective and collaborative research/business relationships with internal and external researchers, particularly the academic and/or regulatory community
• brief senior management on research and policy issues

Key Requirements:

• master’s or PhD degree in economics or finance
• a minimum of five years of relevant experience in economic and financial policy analysis or research, including at least two years in a central bank or similar organization
• in-depth knowledge of the theoretical and empirical literature in financial economics
• English and French essential
• linguistic requirement (minimum starting level): intermediate in second official language (training may be provided to help the selected candidate reach the required level of fully functional)
• ability to propose, organize and undertake analytical projects
• self-motivation, initiative and creativity
• ability to build and cultivate a broad network of internal and external relationships to support the division’s work
• demonstrated coaching skills in either a current analysis or research capacity
• good communication skills, both oral and written, for a variety of audiences
• ability to work independently or as part of a team, under tight deadlines
• attention to detail


• Condition of employment: Candidate must be eligible for reliability status clearance.
• Priority will be given to candidates who are legally entitled to work in Canada.
• 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 20 November 2012. We will also ask you to complete a mandatory questionnaire during the application process.

Sorry, this job is no longer available.

Share | Get the Bank of Canada jobs RSS feed

Copyright © Bank of Canada