Posted 5/15/09
BANK OF CANADA
Ottawa, ON, Canada
Financial Stability Department
Full-time Research Adviser
(FSD-002-09 EM)
http://www.bank-banque-canada.ca
The Financial Stability Department at the Bank of Canada
invites applications for a Full-time Research Adviser.
The term is one year with the possibility of extension or
of becoming regular.
SALARY RANGE:
$111,564 to $132,874 (Position grade 21) depending on the
qualifications of the candidate, plus potential annual
performance payments ranging from 3 percent to 16 percent
of base salary.
JOB DESCRIPTION:
The Financial Stability Department conducts analysis and
research on questions relating to overall financial
stability in Canada, including the assessment of the
financial system's vulnerability to potentially stressful
scenarios and the oversight of clearing and settlement
systems that could pose systemic risk. The department also
conducts regular monitoring of the financial institutions
and markets in Canada and abroad. Departmental analysts
examine and analyze issues such as the monitoring of risks
to overall financial stability; payment, clearing, and
settlement systems; and the development of federal
financial sector policy.
Under the general direction of the Deputy Chief, you are
responsible for conducting and guiding leading-edge,
policy-relevant analysis aimed at enhancing the Bank of
Canada's understanding in a broad range of issues related
to the functioning of the financial system. These include
the interplay between the risk management activities of
financial institutions and their profitability and capital
requirements; the interdependence between financial
institution liquidity management and financial system
stability; the development of a financial stability
monitoring and assessment framework; and the regulatory
framework for the financial sector.
You also play a key role in training other staff to conduct
quality analysis of various parts of the financial sector
and, as such, would assist staff in completing their
projects efficiently and in drawing out the key insights
for policy-makers. You also ensure that the department's
staff is well informed regarding relevant policy issues.
Finally, you maintain contacts with other researchers,
financial analysts, and policy advisers.
RESPONSIBILITIES:
- Conduct and oversee research and analysis of financial
institutions, including in particular their risk
management practices, the drivers of their growth and
profitability
- Participate as an active member of the departmental
management team
- Act as a business expert on the subject of financial
sector and/or financial institution activity
- Provide advice and guidance to others
- Monitor the department's analytical and monitoring
activities to ensure that standards are met, and
implement corrective measures to address any significant
variances
- Develop and maintain effective and collaborative
business relationships with internal and external
entities, particularly the academic and/or regulatory
community, by promoting the sharing of information
SCREENING CRITERIA:
- Master's or PhD in economics or finance
- Seven years of relevant policy-related experience in
performing economic or financial analysis
- Linguistic requirement: Intermediate in second official
language
POSITION REQUIREMENTS:
- English and French essential
- Functional in second official language (training will be
provided to help the selected candidate reach the
required level)
- Excellent analytical, research, and problem-solving
skills, including a high level of initiative
- In-depth knowledge and understanding of finance theory
and financial economics more generally
- Ability to develop sound advice in various areas of the
financial system, including an understanding of financial
market instruments, Canadian financial market structures,
financial institutions' business activities and their
incentives
- Ability to present and exchange information and ideas
with others and clarify complex information, using clear
and compelling written and oral communication skills, to
advance the quality of decision making
- Capacity to provide support, guidance, and feedback to
help others meet their objectives, performance targets,
and personal career goals
ASSETS:
- Experience as a risk analyst or in risk management
- Experience as a financial institutions stock or credit
ratings analysts
- Knowledge of financial system policy issues and of
Canada's financial system
- Knowledge of topical banking and finance models and
issues
- Network of relevant contacts
ADDITIONAL INFORMATION:
- Candidate must be eligible for secret status clearance.
- Any offer will be contingent upon reaching a relocation
agreement.
- Any offer will be based on the result of second-language
testing. (The test assesses the candidate's ability to
speak and understand his/her second official language.)
APPLICATION PROCEDURE:
Priority will be given to candidates who are legally
entitled to work in Canada.
Qualified candidates are required to submit a detailed
resume and a covering letter to:
Email: MAILTO:recruitment@bankofcanada.ca
highlighting how their education, training, and experience
meet the above-mentioned Screening Criteria and Position
Requirements.
The Bank of Canada is a vibrant workplace that benefits
from the unique perspectives, attributes, and talents of
its diverse workforce. We offer flexibility to accommodate
the needs of our employees and candidates. The Bank of
Canada is committed to employment equity and actively
encourages applications from qualified men and women,
including Aboriginal peoples, persons with disabilities,
and members of visible minorities.