Job Specifications
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 .
About The Department And Team
The Bank of Canada has established an alternate site for Bank operations in downtown Calgary. The Calgary Operational Site (COS) includes 100+ employees across the Financial Markets Department (FMD), Banking and Payments Department, Financial and Enterprise Risk, and Information Technology Services that share responsibility with head office in Ottawa for day-to-day financial market and banking operations.
The FMD team at COS works closely with head office counterparts to undertake domestic and foreign market transactions, manage Government’s cash balances and the Bank’s balance sheet, conduct financial market analysis, and provide policy advice relevant to the Bank’s monetary policy, financial system and funds management functions. Having two groups in separate geographic locations that work together every day contributes to seamless delivery and continuity of our key financial market operations. To support this resiliency, you will be expected to participate in cross training in different operations as opportunities arise.
The Market Analysis and Operations (MAO) team specifically is responsible for running the Bank’s domestic and foreign exchange market operations. We use our unique blend of market expertise, operational know-how and industry relationships to produce high quality market analysis and policy advice. The team is also responsible for developing and promoting innovative initiatives that support market best-practice and an efficient Canadian financial system and plays a key role in publishing the Canadian Overnight Repo Rate Average (CORRA). We work closely with the Department of Finance and advise the federal government on its debt strategy.
MAO is organized into sections/trading desks that reflect our market operations: money markets, bonds and foreign exchange. Foreign exchange operations typically consist of foreign exchange forwards and swaps. Fixed income and money market operations typically include repo transactions, securities lending operations, and asset purchases for the Bank of Canada or on behalf of the Government of Canada.
The Financial Markets Department is currently seeking a Trader Analyst or Senior Trader Analyst for their trading room in the Market Analysis and Operations (MAO) team. This role is based in Calgary, with potential consideration for Ottawa location based on organizational requirements. This position will primarily be on the foreign exchange (FX) desk, with opportunities to cross-train on other desks depending on business and operational needs.
What You Will Do
As a Trader Analyst or Senior Trader Analyst on the trading floor, you will:
Transact, analyze and report on market operations, primarily foreign exchange (FX)
Conduct analysis on initiatives that support and promote an efficient Canadian financial system
Provide policy advice from a financial market functioning and operational perspective to senior management and to various committees
Provide concise oral and written market briefings to management
Work closely with your colleagues in Ottawa and Calgary, which requires some travel
Cross-train on money market or bond desk depending on business or operational needs
What You Need To Succeed
You have strong analytic skills, bringing a wide range of considerations and perspectives to issues. You take initiative and are good at prioritizing, managing risks and identifying areas for improvement. You are committed to learning and development, including cross-training in different operations or trading desks. You are familiar with analytic and information tools such as Bloomberg, spreadsheets and straight-through processing systems.
You Have Knowledge Of The Following
Global foreign exchange, equity, commodity and fixed income markets
Trading instruments, funding and hedging strategies, portfolio management and investor behaviour
Issues and developments in Canadian financial markets and central banking
Economics, finance
About the Company
As Canada's Central bank, our principal role is to promote the country's economic and financial welfare by keeping inflation low, stable and predictable. Our vision is 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.
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