Financial Stability Department
Term, one year with possibility of extension or of becoming regular
234 Wellington Street
Number of Positions:
December 13, 2012
December 23, 2012
(annual salary): The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $79,443 and $99,304* (job grade 17).*Where the Bank requires 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)
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, and overseeing clearing and settlement systems that could pose systemic risk. The department also conducts regular monitoring of the financial sector in Canada and abroad. Departmental economists and analysts examine and analyze issues such as the monitoring of risks to overall financial stability; payment, clearing and settlement systems; and the development of federal financial sector policy.
Under the general direction of the Assistant Chief, you act as a key member of the team responsible for research and policy advice on issues relating to payment systems in Canada. Specifically, you participate in research and analysis related to a review of payment system governance. To achieve these goals, you collaborate with other federal partners and with international bodies concerned with payment systems.
• research, analyze issues and provide policy advice related to risks associated with the primary payment, clearing and settlement systems operating in Canada • analyze issues and provide policy advice on related financial sector legislation • brief senior management on matters related to the review of payment system governance and make policy recommendations • attend, as needed, discussions with the Bank of Canada’s industry and regulatory partners in payment, clearing and settlement systems• develop research ideas and produce research papers related to the review of payment system governance
• master’s degree in economics or finance or other relevant discipline(s) and a minimum of two years of experience in researching and analyzing economic and financial information data and in contributing to the development of policy adviceor • a bachelor’s degree in economics or finance or other relevant discipline(s) and a minimum of 10 years of experience in researching and analyzing economic and financial information data and payment, clearing and settlement systems and in contributing to the development of policy advice in this context in addition• English or French essential • strong problem-solving skills and ability to research and analyze economic and financial information• ability to undertake in-depth research projects• ability to communicate effectively both orally and in writing to a variety of audiences • self-motivation and initiative • ability to work independently and collaboratively with the team, under tight deadlines
• good communication skills in both official languages• experience in financial risk management or related experience• knowledge of project management methodologies• experience in working and networking with external partners• knowledge of payment, clearing and settlement systems and related risks and policy• knowledge of financial system issues more generally
• 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 23 December 2012. We will also ask you to complete a mandatory questionnaire during the application process.
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