Job Description

Business Analyst - Financial Markets & Banking

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

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.

Did you know?

The Bank of Canada plays a central role in modernizing Canada’s financial market and banking infrastructures, advancing resilient, efficient, and future‑ready capabilities across payments, banking operations, funds and collateral management, and securities trade processing.

What you will do

You will join the Markets and Banking Department (MBD), operating at the heart of financial markets and banking operations. In this role, you will analyze and clarify end‑to‑end payments, securities, and collateral processes, and support the delivery of meaningful improvements.

You will primarily be responsible for providing business analysis expertise to elicit, clarify and document user needs, ensuring scrum teams clearly understand and deliver features aligned with stakeholder expectations and modernization initiatives. At times, you may also provide operational support by leading the investigation and resolution of issues during critical operations.

More specifically, you will

• Collaborate within a Scrum team to elicit business requirements and translate them into specifications and user stories; support testing activities and maintain clear documentation (e.g., processes, procedures, training materials) to strengthen operational applications.
• Provide strategic and analytical insight by evaluating options and recommending improvements to the Bank’s business solutions in response to evolving domestic and global economic conditions.
• Partner closely with business lines to ensure end‑state solutions meet business needs and align with organizational objectives.
• Analyze and clarify requirements across business units, validating assumptions and identifying potential operational and downstream impacts.
• Contribute to the effectiveness and continuous improvement of the Agile team and overall system.

What you need to succeed

You excel at eliciting, documenting, and managing high-level requirements for large-scale, IT-enabled projects in an Agile environment. You translate business needs into clear, actionable user stories that support effective delivery.

You bring an Agile mindset, fostering collaboration, transparency, and inclusivity. With strong communication skills, you conduct impact and needs assessments, provide clear context to delivery teams, and produce accessible analysis for both technical and non-technical audiences.

Adaptable and solution-oriented, you manage competing priorities and collaborate effectively with diverse stakeholders. You have strong analytical skills and continuously seek opportunities to improve outcomes and contribute to team success.

You also bring experience as a Business Analyst in an IT environment, a solid knowledge of the SDLC and are comfortable with technical discussions. Experience with data-related solutions (e.g., data warehouses, data lakes, BI platforms) is an asset, including writing SQL queries, working with large datasets, and building dashboards in tools such as Power BI.

Nice-to-have

• Experience in a financial/banking environment including the understanding of front, middle and back-office operations, treasury/portfolio management tools, payment systems and/or the Canadian Payments landscape, as well as macroeconomic concepts such as the role of central banking
• Proficiency in using Microsoft Copilot to draft and enhance business analysis artefacts, with the ability to critically assess and validate AI generated outputs before use
• Experience supporting business intelligence or data analytics initiatives, including the ability to analyze and interpret large datasets, using tools such as Power BI
• Familiarity with Microsoft Azure data platforms such as Databricks, Fabric, Workspaces
• Working knowledge of R and Python programming languages
• Relevant professional certifications, such as CBAP®, CCBA®, CFA®, or equivalent designations.

Your education and experience

This position requires a bachelor’s degree in a relevant field (business administration, commerce, computer science) and a minimum of 5 years of experience supporting the development of business requirements and delivering of business system analysis, with a strong understanding of people, processes, systems design and technology. In addition, you have a minimum of 3 years of experience working as a business analyst within an Agile Software development environment. An equivalent combination of education and experience may be considere

Innovative Mindset

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.

Language requirement
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.

What you need to know

• • 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
  • Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
  • The official title for this position is “Business Systems Analyst ”

Hybrid Work Model

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.

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 $94,193 to $110,816 (job grade 16)
  • The Bank offers an incentive for successfully meeting expectations at 5 to 7% of your base salary. The Bank offers additional performance pay (3%) for those who exceed expectations. 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 and dental coverage that meets your needs
  • Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
  • Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service

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