Bank of Canada
Senior Economist or FSS Senior Analyst (2017-18 PhD Job Market)
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 centre 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 an environment where we are reinventing central banking, renewing ways of doing business and reinforcing a culture of innovation.
YOUR FUTURE RESPONSIBILITIES: You will support the economic and financial welfare of Canadians and contribute to the Bank's work at an international level. You will take part in leading-edge analysis, which supports the Bank in its functional areas, and collaborate with your colleagues within the Bank and at other organizations in Canada and abroad. Subject to the needs and interests of the Bank and the employee, senior economists or senior analysts may move to other Bank departments to pursue research of relevance in new or needed areas. More specifically, you will be expected to:
- participate in the conduct of monetary policy, help promote the safety and efficiency of our financial and payment systems, assist in managing the government's public debt programs and foreign exchange reserves, and support the design, issuance and distribution of Canada's bank notes
- develop leading-edge research ideas and produce high-quality research papers related to the broad responsibilities of the Bank's functional areas
- conduct policy analysis and brief senior management on matters related to the responsibilities of the functional areas
- collaborate with colleagues within the Bank and from other organizations to develop research ideas, as well as produce and disseminate research
- build relationships with external parties, e.g., government and international agencies, other central banks, financial market participants and organizations, and outside academics, to share knowledge, research and analysis
YOUR EDUCATION AND EXPERIENCE: Education: a recent (completed after 1 January 2010) or forthcoming (completed in 2018) PhD in economics or finance
YOUR KNOWLEDGE AND SKILLS: We will evaluate your application against the key requirements listed below and your education, which must be demonstrated in your cover letter, curriculum vitae, three letters of recommendation, and research paper(s) or job market paper.
If you are selected for an interview, you may be evaluated through two interviews, a written assessment and a presentation of your job market paper.
- research skills: the ability to undertake in-depth and high quality research projects that are publishable in top-tier, peer-reviewed academic journals
- fields of expertise: through research in one or more of the following relevant areas of research, depending on specific needs of the Bank's functional areas
- - macroeconomics and monetary economics
- - banking and payment systems
- - digital economy
- - international economics
- - global commodity markets
- - financial economics
- - financial markets and institutions
- - labour and demographic economics
- - mathematical and quantitative methods
- - industrial organization
- - law and economics
- writing skills: the ability to produce effective written documents in a style and form likely to appeal to and influence the intended audience
- oral communication and presentation skills: the ability to make effective, well-structured presentations adapted to the intended audience, inside or outside the Bank, and the ability to communicate effectively with others by demonstrating active listening skills and conveying information clearly
- teamwork and collaboration: the ability to work independently and collaboratively
- innovation: the ability to create new insights, devise novel approaches and make innovative decisions through research
- analytical and technical skills: strong problem-solving skills, including the ability to analyze complex economic and financial information using empirical and/or modelling skills
In exceptional circumstances, an equivalent combination of a PhD and research experience in an area of current particular relevance or interest to the Bank not listed above may be considered.
SALARY: The Bank offers a competitive total compensation package that is reviewed annually. The starting base salaries are based on qualifications and range annually between Can$96,731 and Can$112,853.
In addition, a PhD hiring allowance may be payable for up to two years for a total salary payable up to an annual maximum of Can$128,652. When the PhD hiring allowance is no longer payable, the base salary may be maintained or increased to appropriately position the base salary based on the individual level of contribution. You may also be eligible for performance pay for successfully meeting, exceeding expectations or far exceeding expectations (7 to 20% of your base salary).
The salaries currently indicated are based on the 2017 salary scales. The Bank's salary structure is reviewed regularly to ensure that the total compensation (salary and benefits) offered to employees continues to be competitive. In 2018 the salaries indicated above could be adjusted in accordance with the Bank's annual salary review process and this poster will be updated to reflect any changes.
Additional note: The Bank of Canada is committed to employee growth and career development and supports employees in reaching their full potential within their roles. As part of the career path in this position, it is possible to progress to a role with an expanded scope at a higher job grade, and a corresponding salary increase, if specific criteria are met.
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.
- 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 plan
As one of Canada's Top 100 Employers, we offer you a superior work environment that allows you to reach your full potential both professionally and personally. We make career growth and professional development a priority. We are an equal opportunity employer committed to developing inclusive, barrier-free recruitment and selection processes, and work environments that support a diverse workforce. If you require accommodation measures during any aspect of the recruitment process, we will work with you to address your needs. Information related to accommodation measures will be treated as confidential.
FURTHER INFORMATION: For more information on key benefits, please visit http://www.bankofcanada.ca/careers/working-here
- Priority will be given to Canadian citizens and permanent residents
- Must be eligible for reliability status or secret clearance
- English or French essential
- Relocation assistance may be provided, if required
- Contact information: firstname.lastname@example.org
APPLICATION PROCEDURE: To apply, click on the link below or visit http://www.bankofcanada.ca/careers. Requests for additional information and the letters of recommendation should be sent by email to email@example.com. The letters of recommendation should be sent by your referees.
APPLICATION DEADLINE: Applications will continue to be accepted until all positions are filled. We will conduct interviews at the conferences of the Financial Management Association (FMA) (October 11-14 2017), Canadian Economics Employment Exchange (CEEE) (December 8 - 9, 2017) and the Allied Social Science Association (AEA/AFA) (January 5-7, 2018). If you wish to be considered for an interview at one of these conferences, you must apply at least one month before the conference, when review of applications will begin.
We wish to thank all applicants for their interest and effort in applying for this position; however, only candidates selected for interviews will be contacted.
Posted: 9 Sep 2017