Principal Economist

Job title:

Principal Economist

Company

Bank of Canada

Job description

Principal Economist

Take a central role

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 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 .

Did you know?
The Financial Stability Department (FSD) is responsible for researching and assessing vulnerabilities and risks for the Canadian financial system. FSD is also the resolution authority for critical payment clearing and settlement systems. Moreover, FSD contributes to domestic financial sector policy and is involved in discussions regarding international regulatory reforms.

Within FSD, the Resolution and Crisis Preparedness Division is responsible for supporting the Bank’s role as Resolution Authority for Canadian financial market infrastructures (FMI) that have been designated as systemic or prominent, and it represents the Bank on related international work through the Financial Stability Board (FSB). FMIs are systems for making payments and for clearing and settling financial transactions that process billions of dollars of trades per day. They are a crucial backbone of the Canadian financial system, and their critical services must continue even during times of extreme stress.

What you will do

Under the general direction of the Director, Resolution and Crisis Preparedness, you will:

• Provide thought leadership for the division, help planning and organizing its activitiesto meet its objectives, and play an important role in communication with key stakeholders.
• Contribute to the continuous development of the Bank’s FMI resolution function, in collaboration with other teams within the Bank, Canadian financial regulatory authorities, and international regulators.
• Proactively suggest, lead, and conduct original, high-quality policy-relevant analysis on issues relevant for the division and present to a broad range of audience.
• Develop and foster productive relationships with experts across the Bank, domestic agencies, international bodies, and private sector to enhance collaboration and make progress on the department’s priorities.
• Share knowledge, coach others and play a key role in the development of the divisional workplan.

What you need to succeed
You are self-motivated and creative with the ability to develop positive working relationships, address conflicts,promote co-operation, and build consensus. You are an excellent communicator, both oral and written, with the skills required to coordinate and conduct regular briefings including to senior management of the Bank and external stakeholders. You possess a strong background in understanding and analyzing economic and/or financial data and formulating policy advice based on careful analyses of complex information. You are a conceptual thinker and demonstrate a strong attention to detail. You are able to propose, coordinate and lead work to analyze complex issues. You are results-oriented with demonstrated adaptability and resilience to changes. Finally, you have good coaching skills for both current and longer-term analysis and research.

Nice-to-have

• knowledge of and past experience in FMIs and their risk management practices, as well as an understanding of or experience in developing policies related to FMI or bank resolution
• knowledge of general financial system issues, risk management concepts and crisis management frameworks
• Knowledge of the laws, regulations, rules and guidelines applicable to Canadian financial markets or systems and experience in their interpretation or application
• knowledge in one or more of accounting, financial risk management, corporate law, insolvency and restructuring, or corporate finance

Your education and experience

• a completed master’s degree in economics or finance with a minimum of five years of relevant experience in policy development related to the financial system

or

• a completed PhD degree in economics or finance with a minimum of two years of relevant experience in policy development related to the financial system

or

• an equivalent combination of education and experience may be considered

What you need to know

• Language requirement: English and French essential (bilingual) with a minimum starting level of intermediate (level 3) in second official language. Training may be provided to help reach the required level of functional (level 4) in second official language.
• 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 Model #LI-Hybrid

The 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 $114,675 to $143,345 (job grade 18)
• The Bank offers an incentive for successfully meeting expectations at 7 to 10% of your base salary. The Bank offers performance pay for those who exceed expectations (15% of your base salary).. 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 #LI-POST

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

$114675 – 143345 per year

Location

Ottawa, ON

Job date

Tue, 12 Mar 2024 23:42:17 GMT

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