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\xe2\x80\x94dynamic, engaged and trusted\xe2\x80\x94committed to a better Canada. No other employer in the country offers you the unique opportunity to work at the very center of Canada\xe2\x80\x99s 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 \xe2\x80\x93 excellence, integrity and respect \xe2\x80\x93 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
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\xe2\x80\x99s 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 compliment 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\xe2\x80\x99s 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 an analytical mindset and strive to leverage data for business value and have experience in data and analytical solution development, including the creation of visualizations and dashboards.

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
• experience working with large datasets and are comfortable using standard data querying techniques (e.g., SQL, python)
• completion of, or enrolment in, Chartered Financial Analyst (CFA) Program or similar programs

Your education and experience
The position requires a master\xe2\x80\x99s degree in finance or economics with a minimum of 4 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
• 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.

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 .

• 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 #LI-POST

Senior Trader Analyst

• Salaries are based on qualifications and experience and typically range from $98,490 to $123,115 (job grade 17)
• Depending on performance, you may be eligible for performance pay. The first tier of performance pay is for successfully meeting expectation, at 7 to 10% of your base salary. The Bank offers additional performance pay for those who exceed expectations (15% of your base salary).. Exceptional performers who far exceed expectations may be eligible for higher performance pay.

Trader Analyst

• Starting salaries are based on qualifications and experience and typically range from $82,250 to $98,490 (job grade P3-P4).
• During the progression, you are not eligible for performance pay given that performance is rewarded via a faster rate of progression through the salary range.

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