Principal Researcher Payment System Oversight
Financial Stability Department
City, Province, Country:
Ottawa, Ontario, Canada
Number of Positions:
April 18, 2013
April 28, 2013
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.
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 (FSD) conducts analysis and research on questions relating to financial stability in Canada, including the assessment of the financial systems vulnerability to potentially stressful scenarios and the oversight of clearing and settlement systems that could pose systemic risk. The department also conducts regular monitoring of the financial sector in Canada and abroad.
In this role, under the general direction of the Assistant Chief of the Payment System Oversight Division in FSD, you act as a key member of the team responsible for the oversight of designated payment and settlement systems. You provide leadership to the team and suggest, lead and conduct original, high-quality empirical and/or theoretical research and analysis; coach others in their research; and play a key role in the development of the divisional research work plan. You work closely with the Assistant Chief and staff in the division to support its contribution to policy advice on issues relating to payment and settlement systems, financial market infrastructure and the financial system more generally. You also collaborate with federal and provincial agencies and with international bodies concerned with oversight and regulation of financial market infrastructure.
suggest, lead and conduct original, high-quality research and analysis, and assess the implications for the Banks policies provide advice to colleagues and Bank management related to the oversight of clearing and settlement systems respond to requests related to the oversight of clearing and settlement systems from executives, senior management, other departments and the Banks external stakeholders make presentations to a wide variety of internal and external audiences, and may represent the Bank in area of expertise promote creative and analytical thinking and ensure high-quality research and analysis provide guidance and coaching to more junior staff in the development of their expertise
master's degree or PhD in economics or finance, or equivalent a minimum of five years of recent work experience in economic and financial analysis and research strong background in formulating policy advice English and French essential linguistic requirement: (minimum starting level) level 3 intermediate in second official language (training will be provided to help the selected candidate reach the required level of functional) 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 strong problem-solving skills and the ability to analyze economic and financial data ability to propose, organize and undertake research projects self-motivation, initiative and creativity ability to build and cultivate a broad network of internal and external relationships to support the divisions work ability to develop positive working relationships by supporting team decisions, addressing conflicts, and promoting co-operation and partnerships good coaching skills for both current analysis and longer-term research
Chartered Financial Analyst (CFA), Financial Risk Manager (FRM) or Professional Risk Manager (PRM) designation/certification knowledge of payment and settlement systems and the Canadian regulatory environment practical experience with, or knowledge of, risk management practices at financial institutions experience representing the Bank of Canada externally functional in second official language
Condition of employment: Candidate must be eligible for secret status clearance. Priority will be given to candidates who are legally entitled to work in Canada. Relocation assistance may be provided, if required. 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 resumι and a covering letter by 28 April 2013. We will also ask you to complete a mandatory questionnaire during the application process.
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