Assistant Director, Market Analysis and Operations (COS)

at  Bank of Canada

DID YOU KNOW?

The Bank of Canada has established an alternate location for Bank operations in downtown Calgary, with over 100 employees. This position will be located at the Calgary Operational Site (COS), but will involve working closely with colleagues located at Head Office as well as those in other departments in Calgary.

YOUR EDUCATION AND EXPERIENCE

The position requires an MBA, MSc (Finance) or MA (Economics), plus at least seven years of relevant work experience in policy development, fixed income, or financial markets in a private or public sector institution. An equivalent combination of education and experience may be considered.

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
• 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.

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 the Assistant Director of Market Analysis and Operations (MAO) at the Calgary Operational Site (COS), you lead a team that is responsible for running the Bank’s domestic and foreign exchange market operations in Calgary. The team also uses its market expertise, operational know-how and industry relationships to produce high-quality market analysis and policy advice. The broader MAO group across Head Office and COS also develops and promotes innovative initiatives that support market best-practice and an efficient Canadian financial system, and it plays a key role in publishing the Canadian Overnight Repo Rate Average. MAO works closely with the Department of Finance and advises the federal government on its debt strategy.
Reporting to the Senior Director, COS, the Assistant Director plays a key role in the Calgary office and in the resiliency of the Bank’s market and banking operations. You work with the Senior Director along with the Assistant Directors of Foreign Reserve Management (FRM) and Treasury Auction Settlement System (TASS) to support the Bank’s market operations conducted in Calgary, help plan and conduct operational stock-taking exercises at COS to identify gaps and remedial measures, and in the event of Head Office being unavailable, you manage the execution of all domestic and foreign exchange market operations on a standalone basis by the Calgary team.
The successful candidate will be responsible for managing a group of COS employees that consists of a principal trader/analyst, (senior) trader/analysts and a trader associate, overseeing operations they conduct, ensuring that operational risks are minimized, and contributing to resolution of operational issues. You also play a key role in analytical work and in developing policy, including leading certain MAO files. While you report directly to the Senior Director, COS, you work closely with the MAO Director in Ottawa to coordinate operational and analytical activities and to ensure that MAO-COS output is of the highest quality, that deadlines are met, and that the MAO work plan is effectively implemented consistent with FMD’s priorities.

In addition, you:

• coach and foster the professional development of COS-MAO staff
• coordinate the division’s operational and analytical activities with those of MAO at head office
• support the COS Senior Director by providing input into FMD-COS strategic planning, contributing to COS initiatives, and by promoting a healthy work environment at COS that includes information sharing, cross-business line training and collaborative relationships with other COS divisions