Job Description

Trader Analyst or Senior Trader 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 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 .

What you will do
The Financial Markets Department is currently seeking a Trader Analyst or Senior Trader Analyst for their trading room in the Market Analysis and Operations Division (MAO).

The MAO division 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. We work closely with the Department of Finance and advise the federal government on its debt strategy.

MAO is organized into sections reflecting 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.

As a Trader Analyst or Senior Trader Analyst on the trading floor, you will:

• Transact, analyze and report on market operations
• 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.

The candidate will work a complement of both onsite (Ottawa Head Office) and from home. Please note that the ability to work onsite is a requirement due to the position being part of the Bank's Critical Operations.

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 sections. You are familiar with analytic and information tools such as Bloomberg, spreadsheets and straight-through processing systems.

You have knowledge of the following:

• Global fixed income, foreign exchange, equity and commodity markets
• Trading instruments, funding and hedging strategies, portfolio management and investor behaviour
• Issues and developments in Canadian financial markets and central banking
• Economics, finance and quantitative methods

And are able to:

• contribute to team objectives by sharing ideas, knowledge and feedback
• collaborate and be part of an amazing team
• multi-task alongside team members while maintaining accuracy and speed on time sensitive tasks
• communicate clearly, accurately and concisely, at times under pressure
• write and present effectively, adapting style and content to the target audience
• maintain high ethical and professional integrity

Nice-to-have

• prior trading floor or financial market experience in a large financial institution
• experience with policy analysis and development, and quantitative analysis
• completion of, or enrolment in, Chartered Financial Analyst (CFA) Program or similar programs

Your education and experience

• master's degree in finance or economics with a minimum of 2 years of recent relevant work experience

or

• an equivalent combination of education and experience may 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: Be eligible to obtain Secret
• 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.

Vaccination Policy

Please note that the application of the Bank's Covid-19 Vaccination policy has been temporarily suspended, effective June 20, 2022. As a result, you will not be required to submit verification of your vaccination status before starting employment with the Bank. However, please note that the Bank reserves the right to reintroduce vaccination requirements in the future if necessary to respond to changing public health advice and\or government direction.

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 .

Senior Trader Analyst

• Salaries are based on qualifications and experience and typically range from $96,560 to $120,670 (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.

Trader Analyst
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 $80,635 to $96,560 (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, 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 #LI-POST