Banking and Payments Specialist

Banking and Payments Specialist

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.

In addition to the position being staffed, this competition may be used to other opportunities that become available.

What you will do

You will play a key role in supporting Canada’s financial infrastructure. Working alongside a team of specialists, you will deliver domestic payment, securities safekeeping and collateral management services to a diverse client base including the Government of Canada, financial institutions, other central banks and international partners.

In this role, you will:

• Process and monitor a range of payment, settlement, and securities transactions for clients, ensuring accuracy and control
• Execute daily operations in line with established procedures and critical timelines
• Process transactions supporting the final settlement of core clearing and payment systems
• Contribute to process improvements, training, and issue resolution
• Collaborate in a team-based, operations-focused environment with a strong client service mindset

You will work with key financial market infrastructures, including:

• Lynx (Real-Time Gross Settlement system)
• CDSX (Canadian Depository for Securities)
• ACSS (Automated Clearing and Settlement System)
• NES (Note Exchange System)

This is an opportunity to contribute directly to the stability and efficiency of Canada’s financial system, in a role with meaningful national impact.

What you need to succeed

You bring strong analytical thinking and problem-solving abilities, with a keen attention to detail and the ability to investigate and resolve discrepancies. You are highly organized, able to manage competing priorities and meet tight deadlines in a fast-paced environment. Whether working independently or as part of a team, you demonstrate sound judgment, adaptability, and a strong sense of accountability. Your communication and interpersonal skills enable you to collaborate effectively and maintain a client-focused approach in all interactions.

Technical knowledge and expertise:

• Knowledge of banking operations, including payments, settlement services, collateral management, and fiscal-agent responsibilities
• General understanding of accounting principles

Nice-to-have

• Strong knowledge of Canada's financial systems, including the ACSS, LYNX, and CDSX.
• Experience working with an operations-focused environment, with proficiency in tools such as Microsoft Word and Excel, AI tools, Automation, Banking System Applications, or Reporting/Analytical tool

Your education and experience

This position requires either a bachelor’s degree in commerce or business with a minimum of two years of relevant experience in processing payments and securities transactions for clients, or a relevant college diploma (e.g., accounting, business administration) with at least three years of related experience. An equivalent combination of education 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
  • There will be no relocation assistance provided
  • 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 $73,511 to $86,484 (job grade 14)
  • The Bank offers an incentive for successfully meeting expectations at 5 to 7% of your base salary. The Bank offers additional performance pay (3%) 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 and dental coverage that meets your needs
  • Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
  • Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service

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