Principal Researcher or Research Adviser

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Requisition #:  J0413-0591

Position Title:  Principal Researcher or Research Adviser

Department:  Financial Stability Department

Employment Type:  Full-time

Position Type:  Regular

Location:  234 Wellington Street

City, Province:  Ottawa, Ontario

Country:  Canada

Job Category:  Central Banking

Number of Positions:  0

Date Posted:  April 17, 2013

Closing Date:  May 5, 2013

Salary Range:

The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $109,968 and $177,226* (job grade 19 to 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)

Department info:

The Financial Stability Department conducts analysis and research on questions relating to overall financial stability in Canada. 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.

Job Summary

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 ensure that the department’s staff are well informed regarding relevant theoretical and quantitative research techniques. You work closely with the department’s management team to develop the overall research agenda of the department and provide quality assurance with regard to the department’s overall research output. 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, and lead the planning process related to the department’s research agenda
• provide analytical advice and guidance to other researchers in the department
• 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 relationships with internal and external researchers, particularly the academic community
• conduct formal presentations to senior management on behalf of the department, and brief senior management on research and policy issues

Key Requirements:

• master's degree or PhD in economics or finance, or equivalent
• a minimum of seven years of relevant experience in economic and financial policy analysis or academic research, including at least five years in a central bank or similar organization
• in-depth knowledge of the theoretical and empirical literature in financial economics
• demonstrated ability to publish in top-ranked finance or economic research journals
• 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 research projects
• demonstrated coaching skills in a research capacity
• good communication skills, both oral and written, for a variety of audiences


• 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 5 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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