Senior Director, Financial Stability

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 Senior Director in the Financial Stability Department (FSD) you report to the Managing Director and will have direct-line responsibility for one or more of the department’s teams. 

In this role, you will give direction on current and prospective issues relevant to the Bank’s work and conduct analysis in relation to the stability of the Canadian financial system.

Furthermore, you will play a key role as part of the Strategic Leadership Team, helping to develop and implement the department’s Entente and support the department’s management goals. You may also take part in domestic and international meetings as well as other related activities on behalf of the Bank.

In addition, you will:

• Conduct and lead high-quality, novel, and policy-relevant analysis on issues that are important for assessing the stability of the Canadian financial system.
• Maintain a broad knowledge of policy-relevant analytical work by academics, other central banks, and private sector analysts.
• Provide strategic policy advice to the Managing Director.
• Provide mentoring and guidance to colleagues.
• Develop and maintain strong working relationships with other federal agencies.
• Contribute to a supportive and collegial environment that attracts, develops and retains staff and motivates them to achieve excellence in economic analysis.

What you need to succeed

• Demonstrated ability conducting/overseeing well-structured analytical thinking about policy relevant issues.
• Excellent oral and written communication skills.
• Proven ability to communicate complex, technical concepts in a concise and clear manner to senior management.
• Ability to develop and support productive relationships with a wide range of internal and external stakeholders.
• Strong leadership skills with a demonstrated ability to communicate a long-term vision, create team effectiveness, enhance performance, and coach, develop and provide guidance to employees.
• Embraces opportunities for innovation and creates an environment that is open to new ideas and change.

Nice-to-have

• Experience taking part in international and domestic inter-agency committees or working groups.
• Macroeconomic expertise and forecasting experience using sophisticated models.
• Solid understanding of the Bank’s role as lender of last resort and provider of liquidity to the financial system.
• Knowledge of financial sector regulation and supervision.
• Understanding of payments and settlement systems. 

Your education and experience
This position requires a master’s degree in economics or finance with ten years of recent relevant work experience in economic and financial policy analysis/research and in formulating policy advice or a PhD in economics or finance with seven years of recent relevant work experience in economic and financial policy analysis/research and in formulating policy advice. 

In exceptional circumstances, an equivalent combination of education and recent, relevant work experience in an area of current relevance or interest to the Bank 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
• The official title for this position is “Senior Director ” 

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 A great deal to consider. 

• Salaries are based on qualifications and experience and typically range from $203,400 to $254,200 (job grade SO1)
• Depending on performance, you may be eligible for performance pay. The first tier of performance pay is for successfully meeting expectations at 10 to 15% of your base salary. The Bank offers performance pay for those who exceed expectations (25% 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, dental, disability and life and/or accident insurance coverage that meets your needs
• An Enhanced Benefits Program for Senior Officers, which allocates an additional $5,000 that can be applied toward supplementary benefits or be paid out to you in cash
• Five weeks of annual leave plus the option to purchase extra vacation days (up to five each year) to add to your vacation entitlement
• Indexed, defined-benefit pension plan  #LI-POST

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