Principal Economist

Bank of Canada

Job title:

Principal Economist


Financial institution of Canada

Job description

Principal EconomistTake a central functionThe Financial institution of Canada has a imaginative and prescient to be a number one central bank-dynamic, engaged and trusted-committed to a greater Canada. No different employer within the nation affords you the distinctive alternative to work on the very middle of Canada’s economic system, in a corporation with important influence on the financial and monetary well-being of all Canadians. You can be challenged, energized and motivated to excel in the environment.Constructing on the ideas which have all the time guided us – excellence, integrity and respect – we try to be forward-looking and revolutionary, to welcome individuals with numerous views and skills, and to earn belief by dwelling as much as our commitments and by clearly explaining the intent of our insurance policies and actions.With our defined-benefit pension plan, advantages, and excessive flexibility for work life steadiness – discover out extra about why we’re yearly ranked as one among Canada’s high employers:Discover out extra in regards to the subsequent steps in our .Do you know?
The Monetary Stability Division (FSD) is liable for researching and assessing vulnerabilities and dangers for the Canadian monetary system. FSD can also be the decision authority for essential fee clearing and settlement techniques. Furthermore, FSD contributes to home monetary sector coverage and is concerned in discussions relating to worldwide regulatory reforms.Inside FSD, the Decision and Disaster Preparedness Division is liable for supporting the Financial institution’s function as Decision Authority for Canadian monetary market infrastructures (FMI) which were designated as systemic or outstanding, and it represents the Financial institution on associated worldwide work by the Monetary Stability Board (FSB). FMIs are techniques for making funds and for clearing and settling monetary transactions that course of billions of {dollars} of trades per day. They’re an important spine of the Canadian monetary system, and their essential companies should proceed even throughout instances of maximum stress.What you’ll doBeneath the final route of the Director, Decision and Disaster Preparedness, you’ll:

  • Present thought management for the division, assist planning and organizing its activitiesto meet its aims, and play an essential function in communication with key stakeholders.
  • Contribute to the continual growth of the Financial institution’s FMI decision operate, in collaboration with different groups throughout the Financial institution, Canadian monetary regulatory authorities, and worldwide regulators.
  • Proactively recommend, lead, and conduct authentic, high-quality policy-relevant evaluation on points related for the division and current to a broad vary of viewers.
  • Develop and foster productive relationships with consultants throughout the Financial institution, home companies, worldwide our bodies, and personal sector to reinforce collaboration and make progress on the division’s priorities.
  • Share information, coach others and play a key function within the growth of the divisional workplan.

What that you must succeed
You’re self-motivated and artistic with the flexibility to develop optimistic working relationships, deal with conflicts,promote co-operation, and construct consensus. You’re a wonderful communicator, each oral and written, with the abilities required to coordinate and conduct common briefings together with to senior administration of the Financial institution and exterior stakeholders. You possess a powerful background in understanding and analyzing financial and/or monetary knowledge and formulating coverage recommendation based mostly on cautious analyses of advanced info. You’re a conceptual thinker and reveal a powerful consideration to element. You’ll be able to suggest, coordinate and lead work to investigate advanced points. You’re results-oriented with demonstrated adaptability and resilience to adjustments. Lastly, you’ve good teaching abilities for each present and longer-term evaluation and analysis.Good-to-have

  • information of and previous expertise in FMIs and their danger administration practices, in addition to an understanding of or expertise in growing insurance policies associated to FMI or financial institution decision
  • information of basic monetary system points, danger administration ideas and disaster administration frameworks
  • Information of the legal guidelines, rules, guidelines and tips relevant to Canadian monetary markets or techniques and expertise of their interpretation or utility
  • information in a number of of accounting, monetary danger administration, company legislation, insolvency and restructuring, or company finance

Your training and expertise

  • a accomplished grasp’s diploma in economics or finance with a minimal of 5 years of related expertise in coverage growth associated to the monetary system


  • a accomplished PhD diploma in economics or finance with a minimal of two years of related expertise in coverage growth associated to the monetary system


  • an equal mixture of training and expertise could also be thought of

What that you must know

  • Language requirement: English and French important (bilingual) with a minimal beginning stage of intermediate (stage 3) in second official language. Coaching could also be supplied to assist attain the required stage of practical (stage 4) in second official language.
  • Precedence might be given to Canadian residents and everlasting residents
  • Safety stage required: Be eligible to acquire Secret
  • Relocation help could also be supplied, if required
  • Please save a replica of the job poster. As soon as the time limit has handed, it should now not be out there.

Hybrid Work Mannequin #LI-HybridThe Financial institution affords work preparations that present staff with flexibility, allow high-performing groups, and help a wonderful office tradition. Most staff can telework from dwelling for a considerable a part of every month as a part of the Financial institution`s hybrid work mannequin, and they’re anticipated on website on the Financial institution location a minimal of eight days per 30 days to assist construct connections between colleagues. You could dwell in Canada, and inside affordable commuting distance of the workplace.What you’ll be able to count on from us
It is a nice alternative to affix a number one group and be a part of a high-performing workforce. We provide a aggressive compensation and advantages bundle designed to fulfill your wants at each stage of your life and profession. For extra info on key advantages please go to .

  • Salaries are based mostly on {qualifications} and expertise and usually vary from $114,675 to $143,345 (job grade 18)
  • The Financial institution affords an incentive for efficiently assembly expectations at 7 to 10% of your base wage. The Financial institution affords efficiency pay for individuals who exceed expectations (15% of your base wage).. Distinctive performers who far exceed expectations could also be eligible for greater efficiency pay.
  • Versatile and complete advantages so you’ll be able to select the extent of well being, dental incapacity and life and/or accident insurance coverage protection that meets your wants
  • Further trip days (as much as 5 annually) that you could buy so as to add to your trip entitlement
  • Listed, defined-benefit pension #LI-POST

We want to thank all candidates for his or her curiosity and energy in making use of for this place. Solely candidates chosen for interviews might be contacted.

Anticipated wage

$114675 – 143345 per 12 months


Ottawa, ON

Job date

Wed, 13 Mar 2024 03:27:50 GMT

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