Job Description

Data Scientist

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

What you will do

We are seeking a Data Scientist driven to generate actionable insights and uncovergrowth opportunities.

As a key member of the Bank’s data science community,you will support Bank staffby providing the data and analysis needed to generate actionable insights.

This role is part of the Business Intelligence & Insights team, reporting to the Assistant Director.You will contribute to key projects and services across the Bank’s Corporate Administration and Operation’s departments.

As a Data Scientist, you will contribute to AI-driven projects, that generate efficiencies, improve productivity, and enable data-driven decision. You will apply sophisticated analytical techniques throughout all stages, including data extraction, transformation, validation, data exploration, and model design and evaluation. You will work with both structured and unstructured data from a various internal and external sources. With a proactive mindset, you will find creative ways to develop tools and services that drives innovation.

Your work will include efforts to:

• Support the development, management, and optimization of data architectures and data pipelines as they relate to data science needs from our internal clients
• Apply your in-depth knowledge in machine learning, artificial intelligence, and statistics to design, develop and implement new data experiments, predictive models and solutions that enable Bank staff to work smarter, faster, and more confidently with their data
• Integrate data science work within the broader data support ecosystem at the Bank by working with partners from across Data and Digital Office and Information Technology Services, with the objective of building robust and supportable data science solutions that support business processes

What you need to succeed

We are looking for a Data Scientist who has excellent analytical and problem-solving skills, a self-starter and effective communicator who can share and adapt information and ideas to the target audiences, using clear and compelling written and oral communication skills. You have significant hands-on experience with end-to-end data science life cycle, with superior skills to contribute to and support a project from idea to experimentation to prototype to delivery

You are committed to learning and self-development, are organized, able to set priorities to ensure follow-through and project completion in a timely manner and able to help with research and policy initiatives.

You have proven experience and expertise in most of the following:

• Cloud-Based Data Science: Proficiency in utilizing cloud computing platforms like Azure ML and Databricks for developing and deploying data science workflows and models
• Programming and Software Development: Strong skills in object-oriented programming and experience using languages such as MATLAB, Python, or R, along with their associated data science libraries

Nice-to-have

• Operational Expertise: Knowledge and experience with MLOps, DataOps, or DevOps practices are desirable

Your education and experience

The position requires a completed college or Bachelors degree in a quantitative field such as Computer Science, Data Science, , Statistics, or other related quantitative discipline; and a minimum of 1-3 years of experience addressing problem through advanced data science and statistical modelling.An equivalent combination of education and experience may be considered.

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 Reliability
  • 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.

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.