Bank of Canada

Position Title/Short Description

Full Text of JOE Listing:

Senior Analyst in Economics or Finance (PhD Recent Graduates) (J1014-0130)

Job Type: Full-time Location: 234 Laurier Avenue West, Ottawa, ON, K1A 0G9, CANADA
Job Category: Banking, Economics and Finance
Position Type: Term, 3 years with the possibility of becoming regular
Number of Positions: 15

Eligibility

Qualified candidates will have a recent (within 6 years) or forthcoming (completed in 2015) PhD in economics or finance.

Compensation (annual salary):
The Bank offers a competitive total compensation package. Starting base salary, based on qualifications, generally ranging between Can$82,992 and Can$101,290.* In addition, a PhD Term Allowance may be payable for the duration of the term for a total salary payable up to a maximum of Can$125,069.

*If hired as a regular employee where the Bank has needs for specialized skills, it may offer a higher base salary to exceptional candidates.

Take a Central Role at the Bank of Canada

Canada's central bank is the nation's pre-eminent macroeconomic policy institution. No other employer in the country offers you the unique opportunity to work at the very centre of Canada's economy, in an organization with significant impact on the economic and financial well-being of all Canadians. No matter what your area of expertise, you'll enjoy an open culture and a superior work environment that will challenge, energize and motivate you to excel. (More info)

Job Summary

At the Bank, you will support the economic and financial welfare of Canadians and contribute to our work at an international level. You will take part in leading-edge analysis, participate in the conduct of monetary policy, help promote the safety and efficiency of our financial system, and collaborate with your colleagues within the Bank and at other organizations in Canada and abroad.

Central Responsibilities

- develop research ideas and produce research papers related to the broad responsibilities of the functional areas
- conduct policy analysis and brief senior management on matters related to the responsibilities of the functional areas
- disseminate research outcomes both inside and outside the Bank
- build relationships with external parties, e.g., government and international agencies, other central banks, financial market participants and organizations, and outside academics, for the purpose of sharing knowledge, research and analysis

Key Requirements

The key requirements listed below must be demonstrated through your cover letter, curriculum vitae, research paper(s) and/or Job Market Paper, and three letters of recommendation that must be submitted with your application. If you are selected for an interview, you may be evaluated through two interviews, a written assessment and a presentation of your Job Market Paper.

- PhD in economics or finance
- English or French essential
- strong written and oral communication skills
- strong problem-solving skills and ability to analyze economic and financial information
- strong empirical skills and/or modelling skills, depending on the specific needs of the functional area within the Bank
- ability to work independently and collaboratively, under tight deadlines
- ability to undertake in-depth research projects that are publishable in high-quality peer-reviewed academic journals
- experience in one or more of the following relevant areas of research, depending on specific needs of the functional areas:
o Macroeconomics and Monetary Economics
o Banking and Payment Systems
o International Economics
o Global Commodity Markets
o Financial Economics
o Financial Markets and Institutions
o Labour and Demographic Economics
o Mathematical and Quantitative Methods
o Industrial Organization
o Law and Economics

Or an equivalent combination of a PhD and research experience in an area of current particular relevance or interest to the Bank may be considered.

Assets

- functional in second official language
- experience working and networking with internal and external partners
- demonstrated ability to provide policy recommendations based on economic or financial macroeconomic modelling
- experience in presenting research at conferences, events and meetings
- experience in programming languages such as Fortran, MATLAB, R, Python, Gauss
- experience working with large-scale dynamic stochastic general-equilibrium or financial macroeconomic models for policy analysis
- prior experience in central banks, international institutions

Notes

- Condition of employment: Candidate must be eligible for reliability status and/or secret clearance.
- Priority will be given to Canadian citizens and permanent residents.
- Relocation assistance may be provided, if required.
- For more information on key benefits please visit http://www.bankofcanada.ca/careers/students-and-grads/benefits/.
- The Bank of Canada benefits from the unique perspectives, attributes and talents of its diverse workforce. We offer flexibility to accommodate the needs of our employees and candidates. The Bank of Canada is committed to employment equity and actively encourages applications from qualified men and women, including Aboriginal peoples, persons with disabilities, and members of visible minorities.
- We will ask you to complete a mandatory questionnaire during the application process.
- Only the candidates selected for an interview will be contacted.

Application Process

To apply, click on the link below or visit www.bankofcanada.ca/careers. The application must include a cover letter, curriculum vitae, research paper(s) and/or Job Market Paper, and three letters of recommendation. The letters of recommendation may be sent separately from referees to phd_recruitment@bankofcanada.ca.

Application Deadline: We will conduct interviews at the Canadian Economics Employment Exchange (5 and 6 December 2014) and at the Allied Social Science Association (AEA/AFA) meetings (3, 4 and 5 January 2015). If you are attending one of the conferences, you must apply at least one month prior to the conference. Review of applications will begin one month before each conference. However, whether or not you are planning to attend a conference, applications will continue to be accepted until all positions are filled.