Analyst/Senior Analyst, Pension Fund
Funds Management and Banking
City, Province, Country:
Ottawa, Ontario, Canada
Number of Positions:
May 1, 2013
May 16, 2013
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 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)
As part of the Funds Management and Banking Department (FBD), the Pension Fund team is responsible for designing and implementing the investment policy of the Bank of Canada's Pension Trust and the Supplementary Trust Funds (the Fund). The Fund’s assets support the obligations of the Bank’s employees’ defined-benefit pension plan. The broad objective of the investment policy is to achieve the best rate of return for the Fund, subject to acceptable levels of investment risk, in accordance with federal legislation, policy of the Office of the Superintendant of Financial Institutions, the Fund’s Statement of Investment Policy and direction from the Pension Committee. In this position, the Analyst conducts analysis and provides advice to support (i) the Pension Fund Assistant Director, who is responsible for the management of the Fund’s assets, and (ii) the Pension Fund Investment Committee, which provides direction and advice on the management of the Fund’s assets.
• monitor external investment managers, as well as support any search process for the selection and/or termination of external investment managers• monitor and review the Fund’s service providers, including custodian/trustee, performance measurement provider and investment consultants• support the development of the Pension Fund Investment Committee work plan and its implementation• monitor asset mix and coordinate rebalancing transactions as directed• prepare reports for the Pension Fund Investment Committee and the Pension Committee on the investment activities of the Fund• undertake research on financial and pension-related topics that will enhance the functioning and risk-adjusted performance of the Fund, as well as assess the suitability of new investment vehicles and alternative investment strategies for the Fund• manage and/or monitor the management of the Fund’s bond and mortgage portfolios in accordance with the Fund’s investment policy• manage the foreign exchange program as required for the management of the Fund’s foreign currency risk exposure• coordinate trades in an accurate and professional manner
• master’s degree in finance or economics, or master of business administration (MBA)• English or French essential• ability to communicate effectively in writing and orally • ability to analyze complex issues, diagnose multi-dimensional problems and devise appropriate responses or strategies • capacity to grasp the essence of complex issues and develop insightful concepts, models or frameworks to address them • ability to conduct analytical research on pension fund asset policy and market issues• capacity to create new insights, devise novel approaches and make innovative decisions• interest in funds management • ability to produce and present reports
• functional in second official language• Chartered Financial Analyst (CFA) designation, or enrolment in the CFA program• work experience in policy or operational aspects of financial markets, asset management, fixed income, foreign exchange, equity markets, pension-related administration, risk management or trading functions• proficiency with MATLAB, Bloomberg, Reuters and Excel
• 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. • 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 16 May 2013. We will also ask you to complete a mandatory questionnaire during the application process.
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