Sajjad Jafri is an Assistant Director in the Supervision Department (SUP) at the Bank of Canada. He leads a team responsible for payment systems oversight under the Payment Clearing and Settlement Act. He is also involved in various international initiatives and has contributed as a member of World Bank’s global advisory panel on remittances and a member of CPMI taskforce on cross-border payments.
Prior to joining the Bank in 2019, Sajjad held a diverse range of roles in private and public sector at the cross-section of public policy, risk management, and economics. His experience includes a leadership role with a global financial services company, a domestic FMI, the Canadian competition authority and as a management consultant.
Sajjad obtained his Master’s in Economics from Queen’s University.
Staff discussion papers
- Chapman, James, Michael Gofman, and Sajjad Jafri. High-frequency analysis of financial stability. Working paper, Bank of Canada and University of Rochester, 2019.
- Sajjad Jafri, Confused by Payments' New Complexity? Think of It as a Highway. | American Banker
- Tompkins, Michael, Sajjad Jafri, and Neville Arjani. "The Role of Automated Funds Transfer Payments in Canada's Declining Use of Cheques." Canadian Payments Association Discussion Paper 1 (2015).
- ICPACE (as a Steering Group member) ISO 20022 Implementation best practices
- Committee on Payments and Market Infrastructures (as member of the Cross-border Payments Workstream) Extending and aligning payment system operating hours for cross-border payments (bis.org)
- Committee on Payments and Market Infrastructures (as member of the Cross-border Payments Workstream) Operational and technical considerations for extending and aligning payment system operating hours for cross-border payments: An analytical framework (bis.org)
- Committee on Payments and Market Infrastructures (as member of the Cross-border Payments Taskforce) Enhancing cross-border payments: building blocks of a global roadmap (bis.org)