Director, Systemic Risk Analytics

Job title:

Director, Systemic Risk Analytics

Company

Bank of Canada

Job description

Director, Systemic Risk AnalyticsTake a central roleThe 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 center 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 our environment.Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.With our defined-benefit pension plan, benefits, and high flexibility for work life balance – find out more about why we are annually ranked as one of Canada’s top employers:Find out more about the next steps in our .What you will do
The Systemic Risk Analytics Division (SRAD) in the Financial Stability Department (FSD) contributes to the Bank of Canada’s financial stability surveillance and assessment framework. SRAD develops analytical tools and conducts research and analysis to assess systemic risk across the Canadian financial system. The Director plays a key role in supporting the Bank’s discussions and policy decisions on financial stability issues. Specifically, the SRAD Director contributes to the Bank’s Financial Stability Assessment, providing inputs to FSD’s risk identification and assessment, and supports the communication of these views to the public by providing key inputs into the Financial Stability Report. The division also disseminates its research and analyses on the Financial System Hub to help inform Canadians on key issues the Bank is assessing in promoting a stable and efficient financial system.You will keep abreast of financial stability developments and guide the department’s work in the identification, modelling, assessment and communication of cross-sectoral systemic risks. This includes anticipating and identifying gaps in our analytical toolkit for assessing system-wide financial stability risks and recommending ways to address these gaps. You will lead analysis and research, and/or collaborate with other subject matter experts, to deepen the Bank’s insight into the propagation and amplification of financial risk across the Canadian financial system.Under the general direction of the Senior Director (Systemic Risk), you will play a central role in developing the vision and provide strategic leadership to the department’s cross-sectoral systemic risk modelling and assessment work and contribute to the development of goals and objectives for SRAD. You will ensure that your division’s work focuses on the Bank’s key priorities, and you will assist your staff in completing their projects efficiently and in drawing out the key insights. You will provide advice and guidance to colleagues on analytical work and on communicating with senior management and make presentations to a wide variety of internal and external audiences. You will work closely with other financial risk assessment teams across the Financial Stability Department and the Financial Markets Department by promoting information sharing and coordinating work.You will participate in the development and implementation of work plans, ensuring they are well integrated with other department initiatives, and provide input to the broad management objectives. You will provide leadership to the members of your team, coaching them as required to ensure they produce high-quality work that informs policy and are well informed regarding relevant developments. You will also support their professional and leadership development.What you need to succeed

• knowledge of issues related to financial stability and the Canadian financial sector
• excellent analytical and problem-solving skills
• experience developing sound advice in various areas of the financial system
• ability to work proactively and influence others to achieve goals and promote collaboration across areas
• strong communication skills, including ability to clarify complex information, using clear and compelling written and oral communication skills, to a variety of audiences
• ability to provide support, guidance and feedback to help others meet their objectives, performance targets and personal career goals
• commitment to learning and self-development

Nice-to-have

• in-depth knowledge of systemic risk assessment, including the development of analytical tools and models, extracting insights to provide sound policy advice to senior management
• a track record of publications in high-quality peer reviewed journals
• leadership experience including the ability to set clear goals and motivate a team
• demonstrated experience in developing operational plans and prioritizing and delegating work to achieve the division’s objectives

Your education and experience

• master’s degree in economics or finance with a minimum of ten years of recent relevant work experience in economic and policy analysis

OR

• PhD in economics or finance with a minimum of nine years of recent relevant work experience in economic and policy analysis
• an equivalent combination of education and experience may be considered

Language requirement
The Bank’s work environment is conducive to the use of both of Canada’s official languages – English and French. The position language requirement is Level 5 (Fully Functional). If a qualified candidate who meets the language requirement of the position is not found, a qualified candidate who does not meet the language requirement may be considered. Training may be provided to help reach the required level. Both bilingual and unilingual candidates are encouraged to apply.What you need to know

• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Secret
• Relocation assistance may be provided, if required
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.

Hybrid Work ModelThe Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank`s hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.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. For more information on key benefits please visit .

• Salaries are based on qualifications and experience and typically range from $174,197 to $204,938 (job grade 20)
• The Bank offers an incentive for successfully meeting expectations at 7 to 10% of your base salary. The Bank offers additional performance pay (5%) for those who exceed expectations. Exceptional performers who far exceed expectations may be eligible for higher performance pay.
• Flexible and comprehensive benefits so you can choose the level of health, dental disability and life and/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
• Indexed, defined-benefit pension

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

Expected salary

Location

Ottawa, ON

Job date

Sat, 08 Feb 2025 06:07:28 GMT

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