Benefits and Advantages
Our competitive compensation package is designed to meet the diverse needs of employees at every stage of their life and career, helping them to plan for tomorrow. It includes
- rewards for high performers;
- flexible benefits that you choose (based on regular or term employment) comprising the level of health, dental, disability and life and/or accident insurance coverage, as well as vacation time that you need; and
- an indexed, defined-benefit pension plan.
Superior work environment
The Bank is a progressive workplace where diversity and inclusion are central to our values and we offer flexibility to accommodate the needs of our employees and candidates. We place emphasis on wellness and flexibility to balance life and work schedules, giving employees access to
- varied health and wellness programs and an employee gym; and
- work arrangements such as flexible working hours and compressed schedules, part-time work and teleworking.
Career development and learning
Our team recognizes the benefits of professional development throughout your career. The Bank of Canada makes career growth a priority at every stage with programs such as:
- tuition assistance: Bank employees receive partial or full funding to meet personal and professional education goals.
- language training: Once on board, employees may receive training in English or French to participate fully in the Bank’s bilingual work environment.
- workplace learning: Formal training, mentoring and management leadership opportunities help employees grow professionally and personally at the Bank.
- professional development: The Bank holds seminars, speaker engagements and workshops for staff. Employees may also have an opportunity to attend conferences and workshops across Canada and abroad.
We encourage an open exchange of ideas and provide research staff with the opportunity to publish work in high-quality peer-reviewed journals and on the Bank’s website. Bank of Canada economists and analysts, including recent arrivals, also have the opportunity to present their research and analysis to senior leadership.
Joining our Team
The hiring process
Only selected candidates will be invited to a panel interview. You may be assessed through behavioural and situational questions and through an evaluation of written, verbal and/or technical skills.
If you're selected, an offer outlining all aspects of your employment will be extended to you, contingent on a security, education and reference verification.
How to apply
Please check our career opportunities for current openings and follow the prompts to submit your application. You must include your resumé and complete a mandatory questionnaire as part of the application process.
Careers in Development
If you are still in school:
- Summer jobs: From May to late August, the Bank recruits students for full-time summer jobs in such areas as accounting, business administration and commerce, communications and marketing, economic research, finance, audit, human resources, information technology, office services, operations and trades.
- Co-op programs: Students from participating universities and colleges work for a minimum of 13 weeks at the Bank in a variety of positions, earn credits toward their degree, and gain real work experience and transferable skills.
- Internships: Graduate students (master’s and PhD candidates) gain experience and build a professional network.
- Scholarships and work placement: This program is designed to assist students with disabilities and indigenous students in furthering their education.
If you are an upcoming or recent graduate:
Economics or finance
- Bachelor’s: As a research assistant you will provide technical, background and basic analytical support for economic research projects, projections and current analysis.
- Master’s: As an economist/analyst, you will help formulate and/or implement policy for the Bank’s core functions— monetary policy, financial system, funds management and currency. You will track and forecast the financial system, as well as the Canadian and global economies. You will also develop models and tools to assist in analysis and interpretation.
- PhD: As a senior analyst you will be supported by research assistants and economists/analysts. You will also consult regularly with colleagues across the Bank to exchange ideas and challenge their work with leading colleagues in the field. You can expect to focus the majority of your time on relevant, policy-related research.
Connect with economists and analysts from the Bank during the annual university recruitment campaign.
The Bank is always recruiting graduates from other fields, including information technology, accounting, management, security, audit, human resources and communications.
Careers for Professionals
Economists and Financial Analysts
We offer opportunities to conduct high-quality analytical research projects in areas such as international economics, macroeconomic analysis and forecasting, econometrics, financial system stability, monetary policy and the operation of financial markets.
Research and policy
Economists and analysts at the Bank of Canada devote the majority of their time to research and policy analysis that directly affect the lives of Canadians and the stability of our economy.
Current and future areas of research include inflation targeting, the nexus of financial stability and monetary policy, the international transmission of economic shocks, efficiency in funds-management activities, and changing payment systems (including e-money and e-payments).
The Bank regularly recruits analytical, innovative and collaborative thinkers for positions in such areas as:
- Information Technology: Specialists provide infrastructure support, automated solutions and support to the analytic environment for our monetary policy and financial system functions.
- Data management: Specialists provide analytic expertise and advanced technical support to clients and produce data products (e.g., reports, tables and graphs).
- Communications: Specialists inform diverse internal and external audiences about the Bank’s public policy and corporate activities.
- Human resources: Specialists develop and implement strategies and programs to attract, retain and engage high-calibre talent and provide a superior work environment for Bank employees.
- Financial services/auditing: Specialists support a sound financial framework for effective decision making and accountability across the Bank and ensure that complex operations and projects are executed efficiently and that risk-management, control and governance processes are effective.
- Facilities/security: Security officers and supervisors safeguard personnel, information, valuables and property at the Bank’s headquarters in Ottawa, at production facilities in Montréal and Toronto and at smaller offices across the country.
The Bank at a Glance
- Canada’s central Bank. We work to preserve the value of money by keeping inflation low and stable
- Awarded as one of Canada’s top 100 employers and the National Capital Region’s Top Employers 2015
- Provides research grants to leading academics at Canadian universities provided under the Fellowship Program—Research Grants
- Promotes high-quality research through the Best Paper Award and the Graduate Student Paper Award