Economist or Senior Analyst, Toronto Regional Office
Canadian Economic Analysis department
Term, one year with possibility of extension
City, Province, Country:
Toronto, Ontario, Canada
Number of Positions:
May 2, 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)
The Canadian Economic Analysis Department provides high-quality economic analysis, projections and research to support the Bank's monetary policy function. Within this department, the Regional Analysis Division conducts regional and sectoral analysis and contributes to corporate research priorities from five offices, located in Vancouver, Calgary, Toronto, Montréal and Halifax. A major activity of the division consists of a quarterly industry survey and publication of the Business Outlook Survey report. In addition to tracking data from public sources and the Business Outlook Survey, information on economic conditions is gathered from associations, provincial/territorial governments and a network of industry contacts. The division contributes to the Bank's communications strategy by engaging in dialogue with various audiences regarding the Bank and monetary policy. Under the general direction of the Senior Representative (Economics) for the regional office located in Toronto, your responsibilities will include participating as a senior member of the Ontario regional team to interview firms throughout the province in connection with the Business Outlook Survey and other firm-level research of interest to the Bank. You will conduct analyses related to current survey results and analyze the statistical properties of historical survey data. With a “can do” attitude and results orientation, you will also contribute to the team’s current analysis and projections related to the Ontario economy; carry out statistical/econometric analyses related to current economic developments and issues; and undertake longer-term research projects to advance the Bank’s corporate research priorities. You will participate in liaison and communication activities to ensure that the Bank's message on monetary policy is widely disseminated within the region. Pursuant to the Bank’s “Compass,” as outlined in the Bank’s Annual Report, you will take initiative to carry out your work in a manner consistent with the organization’s core values and support the Senior Representative in fostering a climate of transparency, teamwork and collaboration, excellence, and continuous improvement within the Toronto office and among colleagues within and outside of the Bank.
• participate in interviews with Ontario firms for the Business Outlook Survey and other firm-level research initiatives of interest to the Bank• code, collate and analyze qualitative and quantitative survey data• suggest, lead and conduct high-quality analytical and research projects• maintain a familiarity with national and provincial economic trends by actively monitoring and analyzing macroeconomic data and preparing briefing notes for Bank leadership• develop/maintain a familiarity with one or more areas within the economic research literature and bring insights from this literature to the department’s work• provide advice to colleagues and respond to requests from Bank management related to subject-matter expertise• make presentations to a wide variety of internal and external audiences• build relationships with external parties, e.g., government and international agencies, other central banks, financial market participants and organizations, and outside academics, for the purpose of sharing knowledge, research and analysis• provide feedback to more junior members within the unit• provide input to the department work plan by suggesting topics that are worth pursuing
• master’s degree or PhD in economics • three to five years of experience analyzing economic data and preparing data sets, presentations and written reports• English or French essential• ability to travel regularly and work effectively under tight deadlines• ability to communicate effectively to a variety of audiences both orally and in writing, and actively participate in meetings with senior-level professionals and make public presentations to a wide range of audiences• ability to work independently and as a member of a team, demonstrating adaptability and flexibility especially under tight deadlines and including effective interpersonal communication• demonstrated experience in setting priorities and taking initiative to ensure timely delivery and follow-through on all requests• demonstrated attention to detail and precision in quantitative and qualitative analyses• broad familiarity with aspects of monetary policy formulation and implementation• strong analytic and quantitative skills to distill relevant information from diverse economic indicators • some experience applying statistical/economic techniques to macroeconomic data (particularly in Canadian or provincial context)• familiarity with national and provincial accounts data and other publicly available data sources• solid understanding of core micro/macroeconomic fundamentals• ability to carry out independent economic analysis involving general economic research skills and statistical methods• intermediate knowledge of standard office tools such as Microsoft Office suite and computational software, including at least one standard econometrics package, e.g., EViews, Stata, RATS, MATLAB
• ability to communicate in both official languages• experience in economic modelling and forecasting• detailed knowledge of the Ontario economy and sectors important to the provincial economy• experience jointly conducting research leading to presentation/publication
• Condition of employment: Candidate must be eligible for reliability status. • Priority will be given to candidates who are legally entitled to work in Canada.• Relocation assistance may be provided • 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.• Possibility of interchange with the Ontario or federal public service, other central banks or other organizationsIf 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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