Analyst, Risk Monitoring

at  Bank of Canada

YOUR EDUCATION AND EXPERIENCE

Your combined education and work experience demonstrate that you have the competencies and skills for the position.

WHAT YOU NEED TO KNOW

• Language requirement: English and French essential (bilingual) with a preferred starting level of functional (level 4) in second official language. Candidates who do not meet the second official language requirement are encouraged to apply. Training will be provided to help reach the 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
• 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.
• We welcome all candidates to apply and strongly encourage candidates to self-identify if they identify with an Employment Equity designated group (Indigenous Peoples, Persons with Disabilities, Women or Racialized/Visible Minorities).
  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.

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.

WHAT YOU WILL DO

As an Analyst in the Risk Monitoring team, you’ll help the Bank meet its regulatory requirements for Retail Payment Supervision (RPS). You’ll assist in creating policies, procedures, and training materials for supervising payment service providers (PSPs). Applying your knowledge in financial and operational risk management, you’ll help design and implement a new supervisory framework for retail PSPs.

Specifically, your tasks include:

• Supporting the development of risk management and supervisory practices.
• Creating internal reports to monitor the Bank’s effectiveness and understand PSP industry trends.
• Contributing to the development of supervisory training materials.
• Contributing research and planning to supervisory engagements, including conferences and meetings
• After the Retail Payment Activities Act takes effect, you’ll implement the supervisory practices and policies outlined in the framework. This involves:
• Providing analytical support to the assessment of PSPs risk management practices .
• Analyzing reports from PSPs, including quantitative data on their retail payment activities.
• Supporting, through research and planning, the effective delivery of the supervision mandate