FSS Analyst or FSS Senior Analyst

FSS Analyst or FSS Senior 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 .

Did you know?

The payments landscape in Canada and globally is changing rapidly and the Bank of Canada plays a central role by supervising the risk-management practices of payments systems operating in Canada.

More recently the payment systems underpinning Visa and Mastercard credit card transactions, as well as and Interac debit card transactions were designated for the Bank’s supervision.

Part of the Bank of Canada’s supervision mandate is to ensure that payment systems are managing risks to help promote the safe evolution of the payments environment in Canada.

What will you do

The Payment System Oversight Division in the Supervision Department supervises both systemically important and prominently important payment systems in Canada.

These critical payment systems enable the exchange of funds that allow individuals and firms to safely and efficiently purchase goods and services, invest in financial assets, and manage financial risks.

The Division is also at the centre of regulatory and policy developments related to payments and risk management. The Division conducts research and analysis on payments, and provides policy recommendations to support the Bank’s role in domestic and international fora, including the Bank for International Settlements Committee on Payments and Market Infrastructures.

Under the direction of the Director, Payment Systems Oversight, you will be a member of the team responsible for the oversight of recently designated payment systems .

You will work closely with the Director and staff in the Division to support its contribution to analysis and policy advice on issues relating to payment systems design, operations, and risk management.

You will apply your knowledge and experience in risk management to understand risks faced by payment systems; assess their risk management practices against the Bank of Canada’s expectations;

and help identify areas where their risk-management practices should be improved.

You will engage with staff at the payment systems supervised by the Division and collaborate with other domestic and international groups concerned with payment systems.

What you will need to succeed

• problem-solving and analysis skills to synthetize economic, financial, and risk information and provide quality analysis while taking into account many factors and perspectivesperspectives.
• ability to propose, organize, and conduct in-depth policy and analytical projects to provide advice.
• effective oral and written communication skills that can be adapted to communicate to a variety of internal and external audiences.
• flexibility to adapt to an evolving work environment and changing priorities and the ability to organize and balance a variety of tasks.
• ability to develop and maintain a broad network of internal and external relationships and build supportive working relationships with peers, your leader, and stakeholders.
• comfortable working collaboratively within a team, or independently.
• ability to be self-motivated, take initiative, and conduct work with a strong attention to detail and often under tight deadlines.

Your education and experience

This position a minimum of four years of recent work experience related to risk management in the financial sector along with a master's degree in economics or finance.

Equivalent combination of education and experience may be considered.

Nice-to-have

• Chartered Financial Analyst (CFA), Financial Risk Manager (FRM) or Professional Risk Manager (PRM). designation or certification, or the completion of courses towards these designations or certifications.
• knowledge of payment clearing and settlement systems (FMIs), retail payments, and financial technology companies (paytechs or fintechs).
• experience developing policy related to the financial, payments, or technology industries.
• practical experience with, or knowledge of, risk-management practices at financial institutions, technology firms, or other industries.
• experience supervising financial sector firms.
• experience participating in international or domestic inter-agency committees or working groups.
• knowledge and experience with cyber security risk management frameworks and principles (e.g. NIST, ISO) relevant industry certifications (e.g. CISPP).

What you need to know

• Language requirement : English or French essential
• Priority will be given to Canadian citizens and permanent residents
• Security level required : Be eligible to obtain Reliability
• 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 A great deal to consider .

Senior FSS Analys t

• Salaries are based on qualifications and experience and typically range from $100,460 to $125,575 (job grade 17)
• Depending on performance, you may be eligible for performance pay for successfully meeting 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.

FSS 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 $89,680 to $106,740 (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.
• 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.