Reporting Specialist, Treasury Risk Management
Term, one year with possibility of extension or of becoming regular
City, Province, Country:
Ottawa, Ontario, Canada
Number of Positions:
October 24, 2013
November 7, 2013
(annual salary): The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $61,588 and $81,599* (job grade 15 or 16). *Where the Bank has needs for specialized skills, it may offer higher cash compensation 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 Risk Office (FRO) is a part of the Funds Management and Banking Department (FBD). One key responsibility of the department is its role as fiscal agent for the Government of Canada in advising and undertaking research on the policies and strategic direction for the government’s funds-management activities. These activities include the funding, investment and risk management of Canada’s foreign exchange reserves, the management of the federal government’s wholesale and retail debt programs, and the investment of the Bank of Canada’s pension fund. The department provides risk-management services for the Bank’s balance sheet. It also provides back-office payment and settlement services to the federal government, foreign central banks, and key national and international organizations. Finally, the department undertakes fundamental research on the safety and efficiency of payment and settlement systems to support its funds-management activities.FRO’s primary role is to oversee the management of financial risks associated with both the Bank’s funds-management activities and the financial market operations conducted by the Bank in support of its monetary policy and financial system objectives. This role includes developing and maintaining an appropriate risk-management framework to ensure that all treasury and credit risks are identified, assessed, managed and reported. The specific responsibilities of FRO include:• developing and maintaining a best-practice risk-management framework for the Bank• monitoring and reporting on the risks associated with the exchange fund account (EFA), including interest rate risk, foreign exchange rate risk and credit risk• providing independent and in-house credit assessments for the purpose of determining ratings for sovereign nations, agencies, supranational organizations and financial institutions • calculating performance measures for the EFA, including performance attribution and benchmarking• monitoring and reporting on risks associated with financial market operations conducted by the Bank in support of its monetary policy and financial system objectives• monitoring and researching risk-management practices in the financial sectorFRO responsibilities are split within two distinct groups. One group is responsible for the monitoring of treasury-risk management, reporting for both the EFA and the balance sheet of the Bank of Canada, as well as the middle-office function for the EFA, including performance measurement and attribution. A second group is responsible for the internal assessment and monitoring of credit risk.FRO uses the knowledge gained from these activities to further strengthen the Bank’s financial controls and governance framework and to become a centre of expertise on issues pertaining to the management of financial risk.
The Reporting Specialist (RS) works under the general direction of the Assistant Director of FRO. The RS plays an important role in ensuring that all relevant risk and performance information for the EFA are accurately captured and reported. In addition, the RS is expected to work closely with colleagues to ensure that the office runs smoothly. This individual must be flexible and willing to occasionally assist colleagues with activities that may fall outside of his/her formal responsibilities.
• contribute to the regular production of the EFA monthly reports; this includes generating tables within both the Findur system and manually in Excel• monitor, on a daily basis, the Credit Support Annex swap collateral program• create, verify and publish the Official International Reserves press release• contribute to the production of the Funds Management Operational Risk report• assist in the development of IT solutions for reporting purposes• ensure that FRO operating procedures are kept up to date for the purposes of Continuity of Operations (COOP)
• a completed undergraduate degree and• a minimum of four years of relevant work experiencein addition:• English or French essential• knowledge of the Bank’s fiscal-agent responsibilities • ability to meet tight and often changing deadlines, while ensuring attention to detail and accuracy• team player with the ability to work in an “open” team environment; willingness to share ideas, knowledge and feedback• creativity and ability to take initiative while attempting to anticipate change, spot opportunities to support the team and take initiative to follow through, offering suggestions for improvement• commitment to continuous learning and development by showing interest in developing skills and knowledge• technical skills and knowledge (familiarity with standard Bank office tools; proven ability to quickly learn new systems)• proficiency with Excel and Visual Basic for Applications (VBA)• flexibility to adapt to new requirements and change, shifting priorities if more urgent work is requested• ability to plan ahead for daily tasks and longer-term projects• strong analytic-thinking and problem-solving skills• strong communication skills, both oral and written
• familiarity with the Findur system
• Condition of employment: Candidate must be eligible for reliability status. • Priority will be given to Canadian citizens and permanent residents.• There will be no relocation assistance provided for this recruitment action.• Key benefits offered include: health and dental care, sick leave and paid vacation. • 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 7 November 2013. We will also ask you to complete a mandatory questionnaire during the application process.
Sorry, this job is no longer available.
Copyright © Bank of Canada