Trader Analyst or Senior Trader Analyst

Trader Analyst or Senior Trader Analyst

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: Working Here - Bank of Canada

Find out more about the next steps in our Recruitment process.

About the Department and Team
The Bank of Canada has established an alternate site for Bank operations in downtown Calgary. The Calgary Operational Site (COS) includes 100+ employees across the Financial Markets Department (FMD), Banking and Payments Department, Financial and Enterprise Risk, and Information Technology Services that share responsibility with head office in Ottawa for day-to-day financial market and banking operations.

The FMD team at COS works closely with head office counterparts to undertake domestic and foreign market transactions, manage Government’s cash balances and the Bank’s balance sheet, conduct financial market analysis, and provide policy advice relevant to the Bank’s monetary policy, financial system and funds management functions. Having two groups in separate geographic locations that work together every day contributes to seamless delivery and continuity of our key financial market operations. To support this resiliency, you will be expected to participate in cross training in different operations as opportunities arise.

The Market Analysis and Operations (MAO) team specifically is responsible for running the Bank’s domestic and foreign exchange market operations. We use our unique blend of market expertise, operational know-how and industry relationships to produce high quality market analysis and policy advice. The team is also responsible for developing and promoting innovative initiatives that support market best-practice and an efficient Canadian financial system and plays a key role in publishing the Canadian Overnight Repo Rate Average (CORRA). We work closely with the Department of Finance and advise the federal government on its debt strategy.

MAO is organized into sections/trading desks that reflect our market operations: money markets, bonds and foreign exchange. Foreign exchange operations typically consist of foreign exchange forwards and swaps. Fixed income and money market operations typically include repo transactions, securities lending operations, and asset purchases for the Bank of Canada or on behalf of the Government of Canada.

The Financial Markets Department is currently seeking a Trader Analyst or Senior Trader Analyst for their trading room in the Market Analysis and Operations (MAO) team. This role is based in Calgary, with potential consideration for Ottawa location based on organizational requirements. This position will primarily be on the foreign exchange (FX) desk, with opportunities to cross-train on other desks depending on business and operational needs.

What you will do
As a Trader Analyst or Senior Trader Analyst on the trading floor, you will:

• Transact, analyze and report on market operations, primarily foreign exchange (FX)
• Conduct analysis on initiatives that support and promote an efficient Canadian financial system
• Provide policy advice from a financial market functioning and operational perspective to senior management and to various committees
• Provide concise oral and written market briefings to management
• Work closely with your colleagues in Ottawa and Calgary, which requires some travel
• Cross-train on money market or bond desk depending on business or operational needs

What you need to succeed
You have strong analytic skills, bringing a wide range of considerations and perspectives to issues. You take initiative and are good at prioritizing, managing risks and identifying areas for improvement. You are committed to learning and development, including cross-training in different operations or trading desks. You are familiar with analytic and information tools such as Bloomberg, spreadsheets and straight-through processing systems.

You have knowledge of the following:

• Global foreign exchange, equity, commodity and fixed income markets
• Trading instruments, funding and hedging strategies, portfolio management and investor behaviour
• Issues and developments in Canadian financial markets and central banking
• Economics, finance and quantitative methods

And are able to:

• contribute to team’s objectives by sharing ideas, knowledge and feedback
• collaborate and be part of a high-performing team
• multi-task alongside team members while maintaining accuracy and speed on time sensitive tasks and operations
• communicate clearly, accurately and concisely, at times under pressure
• write and present effectively, adapting style and content to the target audience
• maintain high ethical and professional integrity

Nice-to-have

• prior trading floor or financial market experience in a large financial institution
• experience with policy analysis and development, and quantitative analysis
• completion of, or enrolment in, Chartered Financial Analyst (CFA) Program or similar programs

Your education and experience

• master’s degree in finance or economics with at least 4 years of recent relevant work experience
  or
• an equivalent combination of education and experience may be considered

Innovative Mindset

We value candidates who demonstrate adaptability, curiosity, and a willingness to learn new technologies, including AI and digital tools. We seek individuals who can think critically about data, question existing processes, and find ways to simplify our work while embracing change and new ways of doing things.

Language requirement

The Bank’s work environment is conducive to the use of both of Canada’s official languages - English and French. Although the position language requirement is English or French essential, we do encourage everyone to improve their second language proficiency for future career growth and to contribute towards fostering a bilingual environment.

What you need to know

• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Secret
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
• In response to the COVID-19 pandemic and further to public health guidelines, preventative measures are being taken to ensure health and safety during the recruitment process. All interviews are conducted virtually.

Hybrid Work Model #LI-Hybrid

The Bank offers a flexible hybrid work model that supports high-performing teams and a strong workplace culture. This position is based in either Calgary (Corporate Office) or Ottawa (Head Office) and involves a combination of on-site and remote work. As part of the Bank’s Critical Operations, regular on-site presence is essential. Employees are expected to work on site a minimum of 12 days per month. Candidates must reside in Canada and within a reasonable commuting distance of their assigned office location.

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 A great deal to consider.

Senior Trader Analyst

• Salaries are based on qualifications and experience and typically range from $111,051 to $130,649 (job grade 17).
• 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.

Trader Analyst
Candidates whose experience and/or educational background may not be at the level being recruited for will be considered for a position within the accelerated progression stream program. The accelerated progression stream is for economists and financial sector specialists and is defined by four levels P1 to P4. In this program the employees acquire the skills over a number of years to reach the working level of a Senior Economist/Senior Analyst at the job grade 17.

• Salaries are based on qualifications and experience and typically range from $93,306 to $111,050 (job grade P3-P4).
• During the progression, you are not eligible for performance pay. Instead performance is rewarded via a faster rate of progression through the salary range.

Additional benefit information:

• 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 plan

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