Bank of Canada Hiring For Economist or Senior Economist – Fintech at Ottawa, ON Full Time

Economist or Senior Economist – Fintech

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 a diverse and inclusive 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.

Find out more about the next steps in our Recruitment process.

Did you know?
With the pace of financial innovation, the Bank of Canada needs to understand the implications of developments in financial technologies for the Canadian financial system. You will be part of the Fintech Policy and Research Division (FPRD) that leads, contributes, and coordinates the Financial Stability Department’s research and policy advice on Fintech and Central Bank Digital Currencies (CBDC) to the Bank of Canada’s Governing Council.

What you will do
You will be part of policy and research projects, analyze complex economic and policy issues, provide insight, generate innovative solutions, and develop tools for monitoring developments in fintech, including cryptocurrencies, CBDC, DeFi, paytechs, and BigTechs. You will also prepare analytical notes and briefing material for Governing Council and respond to requests from senior leadership and other departments.

As a Economist/Senior Economist, you will:

• monitor and analyze developments in electronic money and payments, including CBDCs, cryptocurrencies, stable coins, crypto exchanges, and others;
• develop and maintain tools for analysis;
• contribute to policy discussions aimed at ensuring the safety and efficiency of the Canadian financial and payment system;
• provide analysis relevant for the potential development of a CBDC;
• participate in research aimed at publication on fintech and CBDC topics;

What you need to succeed
You have understanding of fintech and cryptoassets business models and the relevant data that could be used to monitor developments. You also have an understanding of the Canadian financial and/or payment system and have conducted related financial statement analysis.

You are a good communicator capable of clearly and compellingly communicate information and ideas to a variety of target audiences. You can work on multiple projects which will require you to organize your work effectively, setting priorities to ensure follow-through and project completion in a timely manner.

You are proficient with statistical software and programming languages such as Python, R, and/or Stata.

You are capable of working collaboratively and able to build relationships with internal and external partners (e.g., government and international agencies, other central banks, financial market participants and organizations, and outside academics) to share knowledge, research and analysis.

Nice-to-have

• Knowledge of:
  • CBDC
  • Defi
  • Open banking/open finance
  • Technical understanding of blockchain technologies
• Experience in:
  • handling and analyzing public blockchain data
  • applied econometric work

Your education and experience
This position requires a master’s degree in Economics, Finance, Computer Science, Mathematics or Statistics or a combination of education and experience may also be considered.

What you need to know

• Language requirement: English or French essential
• Priority will be given to Canadian citizens and permanent residents
• Security level required: 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.
• In response to the COVID-19 pandemic and further to public health guidelines, preventative measures are being taken to ensure health and safety during the recruitment process. All interviews are conducted virtually.
• Remote Work: Candidates not within commuting distance will be eligible to remote work from their current location within Canada for the duration of this term.

Vaccination: In response to the COVID-19 pandemic that was declared by the World Health Organization, the mandates issued by the federal government, and the direction provided by public health authorities, the Bank of Canada requires all new employees to be fully vaccinated prior to their start date. If you are the selected candidate, you will be asked to first attest your vaccination status at the reference stage and will then be required to submit proof of vaccination status or request accommodation for a legitimate medical, religious reason or other human rights-based grounds at the offer stage as part of the offer process.

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.

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 Economist

• Salaries are based on qualifications and experience and typically range from $94,700 to $118,300 (job grade 17)
• Depending on performance, you may be eligible for performance pay for successfully meeting (7 to 10% of your base salary) or for exceeding expectations (15% of your base salary). Exceptional performers who far exceed expectations may be eligible for higher performance pay.

Economist
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 $79,100 to $94,700 (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.

Additional benefit information:

• Flexible and comprehensive benefits so you can choose the level of health and dental coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service

We strive to make our policies, programs and workplace more inclusive, respectful and barrier-free. We encourage applications from women, Indigenous peoples, veterans, persons with disabilities, members of visible minorities and persons of all races, ethnic origins, religions, abilities, sexual orientations, and gender identities and expressions. #LI-POST