Principal Researcher, Securities Systems Oversight

Employment type: Full-time
City: Ottawa - Gatineau
Last visit: 2014-10-27
Author's ads: 1

Posted: 2014-10-27


About Us

Imagine yourself part of a team of bright, dedicated professionals whose vision and talent are brought to bear on the challenges of our day. Imagine yourself playing a central role in the economic well-being of all Canadians. Imagine yourself at the Bank of Canada. There are a variety of positions available within the Bank in various disciplines. And no matter your area of expertise, you'll enjoy a superior work environment that will challenge, energize and motivate you to be the very best.

Job Description

Principal Researcher, Securities Systems Oversight


The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $92,498 and $115,623* (job grade 18

*Where the Bank has needs for specialized skills, it may offer higher cash compensation to exceptional candidates.

Take a Central Role at the Bank of Canada:

Canada's central bank is the nation's pre-eminent macroeconomic policy institution. 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. No matter what your area of expertise, you'll enjoy an open culture and a superior work environment that will challenge, energize, and motivate you to excel. (More info)

Job Summary*:

The Financial Stability Department (FSD) conducts analysis and research on questions relating to financial stability in Canada, including the assessment of the financial system's vulnerability to potentially stressful scenarios and the oversight of clearing and settlement systems that could pose systemic risk. The department also conducts regular monitoring of the financial sector in Canada and abroad.

Under the general direction of the Assistant Chief of the Securities Systems Oversight Division in FSD, you act as a key member of the team responsible for the oversight of Canadian securities settlement systems and central counterparties that have been designated by the Bank. You provide leadership to the team and suggest, lead and conduct original, high-quality empirical and/or theoretical research and analysis; coach others in their research; and play a key role in the development of the divisional research work plan. You work closely with the Assistant Chief and staff in the division to support its contribution to policy advice on issues relating to financial market infrastructure and the financial system more generally. You also collaborate with federal and provincial agencies and with international bodies concerned with the oversight and regulation of financial market infrastructure.

Central Responsibilities:

suggest, lead and conduct original, high-quality research and analysis, and assess the implications for the Bank's policies

provide advice to colleagues and Bank management related to oversight of clearing and settlement systems

respond to requests related to oversight of clearing and settlement systems from executives, senior management, other departments and the Bank's external stakeholders

make presentations to a wide variety of internal and external audiences and may represent the Bank in area of expertise

promote creative and analytical thinking and ensure high-quality research and analysis

provide guidance and coaching to more junior staff in the development of their expertise

Key Requirements:

master's degree or PhD in economics or finance, or equivalent, with a minimum of five years of recent work experience in economic and financial analysis and research

English and French essential

linguistic requirement: (minimum starting level 3) intermediate in second official language (training may be provided to help the selected candidate reach the required level of functional)

strong background in formulating policy advice

good communication skills, both oral and written, for a variety of audiences

ability to work independently or as part of a team, under tight deadlines

attention to detail

strong problem-solving skills and the ability to analyze economic and financial data

ability to propose, organize and undertake research projects

self-motivation, initiative and creativity

ability to build and cultivate a broad network of internal and external relationships to support the division's work

ability to develop positive working relationships by supporting team decisions, addressing conflicts, and promoting co-operation and partnerships

good coaching skills for both current analysis and longer-term research


Chartered Financial Analyst (CFA Financial Risk Manager (FRM) or Professional Risk Manager (PRM) designation/certification

knowledge of payment and settlement systems and the Canadian regulatory environment

practical experience with, or knowledge of, risk management practices at financial institutions

experience representing the Bank of Canada externally

functional in second official language


Condition of employment: Candidate must be eligible for secret clearance.

Priority will be given to candidates who are legally entitled to work in Canada.

Relocation assistance may be provided, if required.

Key benefits offered include health and dental care, sick leave, paid vacation, short-term and long-term disability, life insurance and defined-benefit pension plan.

Only the candidates selected for an interview will be contacted.

The Bank of Canada benefits from the unique perspectives, attributes and talents of its diverse workforce. We offer flexibility to accommodate the needs of our employees and candidates. The Bank of Canada is committed to employment equity and actively encourages applications from qualified men and women, including Aboriginal peoples, persons with disabilities, and members of visible minorities.

We will ask you to complete a mandatory questionnaire during the application process.

Please click here to Apply On-Line.

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A leading central bank - dynamic, engaged, and trusted

Career Level: Experienced

Industry: Accounting and Auditing Services

Job Function: Financial Services