Research Assistant

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Requisition #:  J0513-0119

Position Title:  Research Assistant

Employment Type:  Full-time

Position Type:  Term, one year with possibility of extension or of becoming regular

Location:  234 Wellington Street

City, Province:  Ottawa, Ontario

Country:  Canada

Job Category:  Economics

Number of Positions:  0

Date Posted:  May 2, 2013

Closing Date:  May 13, 2013

Salary Range:

The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $44,870 and $58,629* (job grade 12 or 13).
*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 Markets Department (FMD) is aligned with the financial system function of the Bank of Canada. The department provides analysis, policy advice and research on a wide range of topics in support of the goal of promoting the safety and efficiency of the overall financial system both domestically and internationally. FMD also contributes to the monetary policy and funds management functions. In coordination with the Funds Management and Banking Department, FMD contributes to the overall management of Government of Canada financial assets and market debt, and executes the transactions that the Bank undertakes on behalf of the Government of Canada in Canadian-dollar and foreign-currency-denominated markets. Finally, the department advises on and implements monetary policy, and provides liquidity to the financial system, through a range of operations.

The Market Analysis and Operations (MAO) team within FMD is responsible for day-to-day coverage and ongoing analysis of domestic and global fixed-income, foreign exchange, credit, commodity, equity and emerging markets; providing frequent briefings on market developments to senior management; providing oversight during auctions of Government of Canada treasury bills and bonds; conducting market transactions as necessary for domestic market or foreign exchange intervention, hedging and client requirements; and providing advice for the formulation and implementation of monetary policy.

As Research Assistant, under the general direction of the Assistant Director, with additional support from the team’s principals and other team members, you provide technical support and perform other operational tasks, as required.

Central Responsibilities:

• assist in the evaluation, adaptation, design and development of applications, tools and reports (e.g., spreadsheets) to aid in financial market data analysis
• assess, collect, organize and manipulate data from internal and external sources, using statistical methods
• improve and integrate infrastructure to increase efficiencies and troubleshoot system issues when required
• develop and document the processes, procedures and controls that are required to support the team’s output
• facilitate information and document management, including the timely management and maintenance of the team’s web page
• maintain collaborative relationships by acting as the team’s point of contact with the systems and data services and business support team
• support the Assistant Director and principals on requests and surveillance
• perform other operational and processing tasks within the team as required, including creating and maintaining accurate and timely transaction files or pricing files on spreadsheets
• participate in departmental or Bank-wide initiatives as required

Key Requirements:

• bachelor’s degree in finance, economics or computer science
• a combination of related education and relevant work experience may be considered
in addition:
• English or French essential
• experience in collecting, organizing and manipulating financial data
• highly developed computer software skills and ability to learn and use the Bank’s standard office software, as well as analytic and information tools such as Reuters and Bloomberg
• experience working with macros and programming, making use of available resources and information-seeking skills
• excellent interpersonal skills and ability to communicate effectively, orally and in writing
• ability to work independently and as part of a team
• facility to contribute to team objectives by sharing ideas, knowledge and feedback
• ability to focus on quality and details; ability to maintain accuracy and speed and to meet deadlines, in co-operation with other team members
• demonstrated commitment to learning and self-development


• knowledge of the Bank of Canada’s role as fiscal agent
• knowledge of financial market trade support issues
• knowledge of financial market issues and developments, as well as knowledge of economic/financial theory and quantitative methods
• experience working with financial market tools and in providing trading support
• excellent writing skills
• functional in second official language
• experience in maintaining websites
• experience with VBA and MATLAB


• Condition of employment: Candidate must be eligible for secret clearance.
• Priority will be given to candidates who are legally entitled to work in Canada.
• There will be no relocation assistance provided for this recruitment action.
• 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 May 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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