The Bank of Canada has a vision to be “a leading central bank—dynamic, engaged and trusted—committed to a better Canada.” 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. You will be challenged, energized and motivated to excel in an environment where we are reinventing central banking, renewing ways of doing business and reinforcing a culture of innovation.
Under the general direction of the Managing Director of the Financial Markets Department (FMD) and the Managing Director of Economic and Financial Research, you play a key role in the FMD Senior Leadership Team (SLT), which provides strategic direction and leadership for the department’s research and policy work. You make a significant contribution to analytical and briefing activities. As a member of a team of Senior Research Directors from all six policy departments who coordinate the Bank’s research work plan, you play an active role in developing a research network to leverage existing expertise and skills, integrate research systematically into policy discussions and enhance the coordination of research.
• identify and conduct research and policy analysis on issues related to asset pricing, the intersection of macro and financial economics, and financial system functioning• ensure alignment between the departmental vision and objectives and the Bank’s research agenda • conduct independent, original research and policy analysis on identified issues to provide specific, focused and strategic advice to the senior leadership of the Bank• give direction to your team(s) and the department on current and prospective issues relevant to the Bank’s work and provide advice in relation to the Bank’s policy responsibilities• provide expert subject matter guidance and leadership to parties internal and external to the Bank by writing and commenting on research papers and policy documents, acting as a sounding board for peers and superiors, identifying opportunities for development, and providing feedback and coaching• contribute to the development and execution of a Bank-wide plan for economic and financial research• facilitate communication of the Bank’s research by acting as a writer for the Staff Working Paper series and by helping to organize conferences and seminars• develop and maintain a network of productive, supportive contacts inside and outside the Bank for multiple benefits, including exchanging information, advancing the Bank’s views and maintaining an awareness of important developments• represent the Bank on national and international committees and work groups, including interagency public policy development groups
• a PhD in economics or finance, with seven years of recent work experience in research of relevance to Canada in the areas of asset pricing, the intersection of macro and financial economics, and financial system functioningor• a master’s degree in economics or finance with 10 years of recent work experience in research of relevance to Canada in the areas of asset pricing, the intersection of macro and financial economics, and financial system functioningor• in exceptional circumstances, an equivalent combination of education and recent, relevant work experience in an area of current relevance or interest to the Bank may be considered
• excellent oral and written communication skills• proven ability to communicate complex, technical concepts in a concise and clear manner to an audience with a variety of backgrounds and levels of experience• ability to defend an opinion and to consider different points of view • in-depth technical knowledge in one or more of the following areas asset pricing, the intersection of macro and financial economics, and financial system functioning• published articles on relevant research and policy issues in high-quality, peer-reviewed academic journals • ability to provide leadership for research activities by writing and commenting on research papers and analytical notes, demonstrated through at least three years of supervisory experience in an academic setting or as a people manager • ability to draw policy conclusions from research and to make research policy-relevant• capacity to develop and maintain productive relationships with a wide range of internal and external stakeholders• strong leadership skills with a demonstrated ability to communicate a long-term vision, create team effectiveness, optimize performance, effect change, coach and provide guidance
The Bank offers a competitive total compensation package that is reviewed annually. Starting base salaries are based on qualifications and range annually between Can$174,032 and $217,540* (job grade SO1). The employee may be eligible for a bonus based on performance in accordance with Bank policy.The Bank’s salary structure is reviewed regularly to ensure that the total compensation offered to Bank employees continues to be competitive. The Bank reserves the right to revise components of the total compensation package at any time.*Where the Bank has needs for specialized skills, it may offer higher cash compensation to exceptional candidates, up to a maximum of Can$261,048.
This is a great opportunity to join a winning team. As one of Canada’s Top 100 Employers, the Bank offers you a superior work environment that allows you to reach your full potential both professionally and personally. We make career growth and professional development a priority and offer a total compensation package designed to meet your needs at every stage of your life and career. The package includes• flexible and comprehensive benefits so you can choose the level of health, dental, disability and life or accident insurance coverage that meets your needs• indexed, defined-benefit pension plan • an Enhanced Benefits Program for Senior Officers, which allocates an additional $5,000 that can be applied toward supplementary benefits or be paid out to you in cash• five weeks of annual leave plus the option to purchase extra vacation days (up to five each year) to add to your vacation entitlementFor more information on key benefits, please visit www.bankofcanada.ca/careers/working-here. The Bank of Canada is an equal opportunity employer. We are also committed to developing inclusive, barrier-free recruitment and selection processes and work environments that support a diverse workforce. If contacted in relation to a job opportunity, please indicate whether you require accommodation measures during any stage of the recruitment process, and we will work with you to address your needs. Information related to accommodation measures will be treated as confidential.
• Priority will be given to Canadian citizens and permanent residents• Must be eligible for secret clearance • Linguistic requirement (minimum starting level): functional in second official language (we are open to those with a lower level and will provide training to help the selected candidate reach the required level of fully functional)• Relocation assistance may be provided, if required • Contact information: firstname.lastname@example.orgWe wish to thank all applicants for their interest and effort in applying for this position; however, only candidates selected for interviews will be contacted.
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