Join the Central Hub of Canada's Economy: A Career Opportunity at the Bank of Canada

 Are you ready to play a central role in shaping Canada's economic landscape? The Bank of Canada invites you to be part of its vision—a vision that aims to be dynamic, engaged, and trusted. As one of the leading central banks globally, we are committed to fostering a better Canada, impacting the economic and financial well-being of all Canadians. With a unique opportunity to work at the heart of Canada's economy, you'll find yourself challenged, energized, and motivated to excel in our environment.

Why Us?

At the Bank of Canada, we uphold the values of excellence, integrity, and respect. These principles drive us to be forward-thinking and innovative, welcoming individuals with diverse perspectives and talents. We prioritize earning trust by fulfilling our commitments and clearly communicating the intent behind our policies and actions. Additionally, our workplace offers a range of benefits, including a defined-benefit pension plan, flexible work-life balance, and a supportive environment.

About the Supervision Department

The payments landscape, both in Canada and globally, is evolving at a rapid pace. Technological advancements are introducing new and improved methods for consumers and businesses to make payments. To adapt to these changes, the federal government is implementing a new Retail Payments Supervisory (RPS) Framework under the Retail Payment Activities Act. As part of this framework, the Bank of Canada will supervise retail payment service providers (PSPs), ensuring compliance with operational risk management and fund safeguarding requirements.

What You'll Do

As an Analyst in the Risk Monitoring team, you'll play a crucial role in helping the Bank meet its regulatory requirements for Retail Payment Supervision (RPS). Your responsibilities will include:

• Assisting in the development of risk management and supervisory practices.
• Creating internal reports to monitor effectiveness and understand industry trends.
• Contributing to the development of supervisory training materials.
• Supporting supervisory engagements through research and planning.

After the Retail Payment Activities Act comes into effect, you'll be involved in implementing supervisory practices and policies outlined in the framework. This will include providing analytical support, analyzing reports from PSPs, and supporting the effective delivery of the supervision mandate.

What You Need to Succeed

We're looking for critical thinkers who can synthesize information and provide quality analyses. You should be able to apply your technical knowledge to solve new issues and adapt to an evolving work environment. Strong communication skills, both collaboratively and independently, are essential, as is the ability to build and maintain positive working relationships.

Desired Skills and Experience

While not required, experience or interest in areas such as operational or cyber risk management, protection of end-user funds, or retail payment service providers and financial technology companies (paytechs or fintechs) would be beneficial. Experience with data analysis and programming is also a plus.

Your Education and Experience

Your combined education and work experience should demonstrate the competencies and skills required for the position.

What You Need to Know

• Bilingualism in English and French is essential, with a preferred starting level of functional proficiency in the second official language.
• Priority will be given to Canadian citizens and permanent residents.
• Security clearance at the Secret level is required.
• Relocation assistance may be provided if required.
• We encourage candidates from Employment Equity designated groups to self-identify.
• Hybrid work model: Telework options are available, with a minimum requirement of eight days on-site per month.

What You Can Expect From Us

Joining the Bank of Canada means being part of a high-performing team and enjoying a competitive compensation and benefits package designed to support your needs at every stage of your career. Salaries are based on qualifications and experience, typically ranging from $69,300 to $81,600 (job grade 14). We also offer additional benefits, including performance pay, flexible health and dental coverage, extra vacation days, and a defined-benefit pension plan.

Apply Today!

We thank all applicants for their interest in this position. Only candidates selected for interviews will be contacted. Don't miss out on this opportunity to contribute to the economic well-being of Canada and join a team dedicated to excellence and innovation. Apply now and take your career to the next level with the Bank of Canada!