Job Description

Operations Analyst

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:

Find out more about the next steps in our .

What you will do
As an Operations Analyst, you will be responsible for the analysis, execution and reporting of processes and transactions to support the operational activities of the Treasury, Auctions, and Settlements Systems (TASS) team across both Ottawa and Calgary. These activities include the daily forecasting and reconciliation of payment flows to determine the Bank\'s cash position, the preparation and execution of cash and securities auctions for the Government and the Bank, the review and completion of securities contracts and margin calls, both domestic and foreign, and the co-ordination of securities pricing.

You will utilize your business and systems knowledge to recommend and implement solutions to novel and complex operational issues as they arise. You also will monitor, analyze and highlight trends related to operational activities, to support execution and planning . If operational issues arise, you will work diligently to resolve them in a timely manner seeking guidance from the team and the Senior Manager, Auctions, Settlement Balances and Middle Office as appropriate.

You will also actively contribute to systems development and changes under an Agile approach to project delivery. You will provide subject matter expertise, helping to define business requirements, collaborating on improvements, preparing and executing test cases, advising on adjustments to work processes and documenting new procedures.

The Financial Markets Department (FMD) contributes to the fulfillment of the Bank\'s financial system, funds management, and monetary policy objectives. The TASS groups in Ottawa and Calgary support those objectives through a range of financial market and treasury management activities on behalf of the Bank, the Government of Canada and other key stakeholders.

What you need to succeed
You are a great team player who can support the work of others as required. You are an analytic-thinker who can anticipate and identify problems, as well as contribute to timely, innovative solutions. You can communicate effectively, both orally and in writing.

You also have:

• strong ability to work with numbers and perform calculations, give attention to detail, and manage transactions/information outside of systems (e.g. securities contracts, settlement balances information)
• good time-management skills, with the ability to set priorities and multi-task to ensure daily work is completed within deadlines while balancing longer-term projects
• investigative skills to pursue required actions or adjustments when systems fail
• ability to learn applications and systems quickly (e.g. Bloomberg, FINDUR, HABS)

Your education and experience
The position requires post-secondary education in business, accounting, finance or economics plus at least three years of relevant work experience in a financial/banking operations environment. An equivalent combination of education and experience may be considered.

Nice-to-have

• experience within auctions, settlement balances and middle office functions
• familiarity with financial markets and the Canadian financial system

Additional info:

• This poster may also be used to fill term positions that become available during the year in Calgary and Ottawa.
• Successful candidates typically would be placed at the beginning of the salary range, with an opportunity to progress along the salary range as they develop in the role.

What you need to know

• Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Secret
• There will be no relocation assistance provided
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.

Hybrid Work Model #LI-Hybrid

The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank`s hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.

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 .

• Salaries are based on qualifications and experience and typically range from $74,150 to $87,230 (job grade 15)
• Depending on performance, you may be eligible for performance pay. The first tier of performance pay is for successfully meeting expectation, at 5 to 7% of your base salary. The Bank offers performance pay for those who exceed expectations (10% of your base salary).. Exceptional performers who far exceed expectations may be eligible for higher performance pay.
• 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 #LI-POS

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

Bank of Canada