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
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In addition to the position being staffed, this competition may be used to fill similar opportunities (Regular or Term) that become available at the same job grade. If you’re interested in this type of role, we encourage you to apply.
The payments landscape in Canada and globally is evolving rapidly, driven by technological advancements that are introducing innovative ways for consumers and businesses to make payments. Under the Retail Payment Activities Act (RPAA), the Bank of Canada is responsible for registering retail payment service providers (PSPs) that perform retail payment activities, maintaining a public registry of PSPs, and ensuring PSPs’ compliance with operational risk management, fund safeguarding and reporting requirements.
The Bank assesses whether PSPs are managing risks effectively, identifies areas for improvement, and promotes compliance through a range of supervisory, compliance and enforcement tools. These positions will support the ongoing implementation and continuous improvement of the Retail Payments Supervisory Framework.
As an Analyst within Retail Payments Supervision, you will contribute to fulfilling the Bank’s regulatory mandate by supporting work across one or more areas of Registration, Risk Supervision and Enforcement. You will conduct analysis and support the development of sound recommendations to help fulfil the Bank’s legislative and regulatory authorities under the RPAA.
Depending on the area of focus, you may assess registration applications and scope questions, support the evaluation of PSPs’ operational risk management and fund safeguarding practices, review PSP reporting and incidents, investigate potential non-compliance, or support the use of appropriate supervisory and enforcement tools. As an analyst, you will:
You have a desire to build your knowledge of the broader financial system, the retail payments ecosystem, financial technology, PSPs, and the role of regulation and supervision in maintaining a well-functioning system. You are flexible, adaptable, and able to align your actions with the needs, priorities, and goals of the Bank’s supervisory mandate.
As an innovative and self-motivated problem solver, you can synthesize and interpret complex information and issues. You bring strong attention to detail while working under tight timelines. You can organize and balance a variety of tasks and are equally comfortable working collaboratively within a team or independently. You communicate effectively, both orally and in writing, with a broad range of audiences.
The position requires a bachelor’s degree in law, finance, accounting, economics, business administration, or an equivalent degree in a relevant field, with a minimum of two years’ experience. An equivalent combination of education and experience may be considered.
We value candidates who demonstrate adaptability, curiosity, and a willingness to learn new technologies, including AI and digital tools. We seek individuals who can think critically about data, question existing processes, and find ways to simplify our work while embracing change and new ways of doing things.
The Bank’s work environment is conducive to the use of both of Canada’s official languages - English and French. The position language requirement is Level 5 (Fully Functional). If a qualified candidate who meets the language requirement of the position is not found, a qualified candidate who does not meet the language requirement may be considered. Training may be provided to help reach the required level. Both bilingual and unilingual candidates are encouraged to apply.
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 portion 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 12 days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.
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.
We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.
As Canada’s Central bank, our principal role is to promote the country’s economic and financial welfare by keeping inflation low, stable and predictable. Our vision is 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 centre of Canada’s economy.
