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IT Financial Advisor

Requisition #: J0617-0395
Position Type: Term
Position Length: 3 years with possibility of extension
Location: 234 Wellington Street, Ottawa, Ontario, Canada, K1A 0G9
Number of Positions: 1

Take a central role

As Canada’s central bank, 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.

About the position

With the rapid and continuous evolution of technologies in the workplace and the broader economy, the enhanced focus on resilience and cyber security, and the transition to cloud-based solutions, Information Technology Services is evolving its business model. The Bank more broadly is also evolving its financial management practices related to technological investments.

Reporting to the Director of Financial Planning and Advice in Financial Services and matrixed to the Deputy Managing Director of ITS, you are a strategic partner to ITS and a financial management expert. You oversee the development and implementation of innovative solutions to maximize the use of IT resources to achieve the Bank’s mandate while ensuring the sound management of Bank financial resources. You lead a small team of financial management experts. You are an ambassador of Financial Services and ensure Financial Services’ methodologies are adhered to, and you contribute to their continued evolution.

Your future responsibilities

• provide financial advice to the Chief Information Officer and his senior leadership team
• design and promote financial management frameworks for ITS and large Bank IT programs to ensure adherence to corporate policies related to financial management, reporting and controls
• develop approaches that raise awareness about the drivers for Bank technological expenses and further integrate processes that support technological investment decisions
• contribute to the IT strategy and medium-term plans, including developing a financial plan and evergreen strategy
• provide strategic advice on how to further leverage external partners (e.g., setup of contracts, preferred supplier arrangements)
• keep abreast of IT-related strategic financial matters by maintaining industry knowledge and networks outside the Bank
• oversee the financial management of ITS resources, including analysis of a variety of business and financial information, for the purpose of providing direction and support, making recommendations, maximizing use of funds, and ensuring ITS operations are within budget

Your education and experience

• a university degree in a related field with a recognized Canadian (or reciprocal) accounting designation (CPA, CA/CPA, CMA/CPA, CGA) and a minimum of eight years of related experience that includes a minimum of seven years of experience in information technology planning, forecasting and reporting for senior management and a minimum of three years of work experience at a mid-managerial level with direct reports
or
• an equivalent combination of education and experience may be considered

Your knowledge and skills

• intellectual leadership and broad experience in different aspects of financial management, accounting and project support
• sound knowledge and experience in the information technology industry
• ability to provide sound strategic financial management advice and guidance at all levels within an organization
• excellent ability to communicate effectively both orally and in writing, including conveying complex and sensitive information in an appropriate manner
• strategic outlook and ability to conceptualize, distill and synthesize business issues clearly, and guide others in finding effective and creative solutions
• inspirational leadership and team-mentoring skills
• strong focus on outcomes and demonstrated ability to manage changing priorities

Assets
• knowledge of Canadian banking processes
• experience working within an integrated SAP enterprise resource planning system
• work experience in both the public and private sectors
• experience working within an office that monitors the health of projects and ensures a project methodology is followed
• project management experience and/or Project Management Professional certification

What you can expect from us

What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career.

• The salary range at hire for this position is typically from $110,918 to $129,404 ) (job grade 19), when you meet all qualifications and experience
• Performance pay for successfully meeting or exceeding expectations (7 to 10% or 15% of your salary, respectively)
• Flexible and comprehensive benefits so you can choose the level of health, dental, disability and life/or accident insurance coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service

As one of Canada’s Top 100 Employers, we offer 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. We are an equal opportunity employer committed to developing inclusive, barrier-free recruitment and selection processes, and work environments that support a diverse workforce. If you require accommodation measures during any aspect of the recruitment process, we will work with you to address your needs. Information related to accommodation measures will be treated as confidential.

For more information on key benefits, please visit www.bankofcanada.ca/careers/working-here.

We wish to thank all applicants for their interest and effort in applying for this position; however, only candidates selected for interviews will be contacted.

Additional information

Priority will be given to Canadian citizens and permanent residents.
Eligible for reliability status
English and French essential
• linguistic requirement (minimum starting level): functional in second official language (training may be provided to help the selected candidate reach the required level of fully functional)
Relocation assistance may be provided, if required.
The official title for this position is “Assistant Director, Financial Planning & Advice”

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