Principal Technical Analyst, Stablecoin Supervision

Principal Technical Analyst, Stablecoin Supervision

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.

This posting may also be used to fill additional roles, either term or permanent, within the Stablecoins Mandate team as they become available in the near future.

About the Supervision Department and the Stablecoin Mandate

A stablecoin is a digital asset designed to maintain a stable value relative to an underlying asset, such as those that are pegged to a reference fiat currency (e.g., CAD). Stablecoins are currently primarily used when trading cryptocurrencies but as the payments landscape in Canada and globally evolves stablecoins are introducing innovative ways for consumers and businesses to make payments. Following Royal Assent of the Stablecoin Act, the Bank of Canada will be responsible for regulating and supervising stablecoin issuers and payment service providers using stablecoins. This includes setting and enforcing expectations related to:

• reserve asset management
• redemption
• operational and technology risk.

The Payments and Regulatory Oversight Department is leading the Bank’s preparation for this new mandate, building on the foundation established under the Retail Payment Activities Act (RPAA).

What will you do

Under the direction of the Director, you act as a senior technical expert supporting the development and implementation of the new mandate to regulate stablecoins. The new mandate requires close involvement in the regulatory development process led by Finance Canada and publishing the Bank’s supervisory guidance, to set clear expectation for all entities in scope. You will provide technical expertise to support the development of the Bank’s supervisory expectations, helping to ensure that the Bank is equipped to effectively oversee a rapidly evolving and technologically complex payments ecosystem. Working closely with supervisory teams, you will help lead translation of supervisory expectations into clear and actionable guidance to regulated entities, so expectations related to technology and systems risk are effectively designed and operationalized.

In this role, you will also collaborate across the organization—including with IT operations, cybersecurity, and other technical functions—to support the design and implementation of systems required for supervision. Externally, you will represent the Bank in engagements with industry, international forums, and standard-setting bodies, contributing to discussions on technology risks and regulatory practices. Once the legislation is in-force and supervision of regulated entities begins, you will contribute to supervisory activities by assessing how regulated entities manage technology and operational risks, providing input to inform decision-making and supervisory actions.

What you will need to succeed

• Technical expertise - Deep understanding of blockchain technology, smart contract architecture, and digital asset infrastructure.
• Project Delivery – Demonstrated operational focus, with the ability to contribute technical expertise as part of a complex project with a range of deliverables across both IT and policy.
• Cross-Functional Collaboration - Ability to work effectively with supervisors, legal, technology, and operational partners to support operational implementation. Strong stakeholder management and relationship building skills.
• Effective Communication Skills - Strong written and verbal communication skills, including the ability to explain technical concepts to non-technical audiences. Demonstrated experience representing your organization in your area of expertise as part of stakeholder engagement.
• Analytical capability - Ability to assess operational risk based on system design, data and process flows, policies and governance.
• Problem Solving - Ability to exercise sound technical judgement and show initiative to develop practical solutions in a rapidly evolving environment.

Nice-to-have

• Direct experience designing, deploying, or operating production-grade digital asset systems (stablecoins, crypto-assets, tokenized assets)
• Experience or knowledge of regulatory frameworks (e.g., RPAA, AML/ATF, international stablecoin regimes)
• Experience with cloud platforms, data engineering, API-based systems, or distributed ledger technology (DLT)
• Experience working in a supervisory, regulatory, or risk management function

Your education and experience

This position requires a masters degree in computer science, software engineering, information systems, data science, engineering or another relevant field along with a minimum of five years of relevant experience in system architecture, data platforms, and software development. Alternatively, candidates with a bachelors degree in a related field must possess at least seven years relevant experience in these areas. An equivalent combination of relevant education, training, and experience may also 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. 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 Model
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 portion 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 12 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 A great deal to consider.

• Salaries are based on qualifications and experience and typically range from $126,765 to $149,135 (job grade 18)
• 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.