Job Details
Location: Ottawa (Downtown), ON, CA
**Diversity and Inclusion**
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Contact ...@bankofcanada.ca to discuss how.
**Senior/Principal Analyst of Enforcement/Registration, Retail Payment Supervision**
**About Retail Payments Supervision**
The payments landscape in Canada and globally is changing rapidly. The rapid pace of technological change in Canada and around the world is introducing new and better ways for consumers and businesses to make payments.
The federal government is proposing to implement a new Retail Payments Supervisory (RPS) Framework. Under the proposed framework, the Bank of Canada would supervise payment service providers (PSPs) compliance with operational risk management and fund safeguarding requirements and maintain a public registry of regulated PSPs.
The Bank will assess whether PSPs are adequately managing their risks and help identify areas where their risk-management practices should be improved. To fulfill its mandate, the Bank will have a combination of compliance tools that would include allowing the Bank to enforce oversight requirements when necessary.
**Note:** This anticipatory staffing process will be used to fill position(s) in summer/autumn 2021.
**What you will do**
You will contribute to the design and implementation of the supervisory framework. During this multi-year project, you will be part of the team that will be responsible for the development, implementation, and communication of the registration process and the enforcement approach to address noncompliance with regulatory requirements.
You will contribute to policies related to retail payment vehicles and to other aspects of the framework. You will also design and conduct a registration pilot project, develop implementation plans including processes and procedures to operationalize the Framework as well as contribute to an IT solution to support supervision.
**What you need to succeed as the Senior Analyst**
As an innovative and self-motivated problem solver, you have experience in developing policies, conducting research and analysis and providing advice on a number of large and complex issues. You are flexible and able to adapt to an evolving work environment and changing priorities. Furthermore, you are able to organize and balance a variety of tasks. You develop and maintain harmonious relationships with a wide range of business contacts and build supportive working relationships with peers, your leader, as well as internal and external stakeholders.
You can synthetize information and provide quality analyses while taking into account many factors and perspectives, and relate them to issues of enforcement and registration. You have a proven ability to communicate clearly and adapt your communication style for a wide range of audiences, including senior management and external stakeholders. You are equally comfortable working collaboratively within a team, or independently. Your work is conducted with a strong attention to detail and often under tight deadlines.
Furthermore, you understand the broader financial system and the supervision in the financial section, including current and emerging trends/issues as they relate to enforcement.
**Nice to have**
* knowledge of payment clearing and settlement systems (FMIs), retail payments, and financial technology companies (paytechs or fintechs)
* knowledge of risk management practices at financial institutions
* knowedge of, or experience with, enforcement regimes including those which include enforcement actions with administrative moneatary penalites
* understanding of the financial sector, financial system, agents in the financial system, relevant financial sector authorities in Canada, retail payments ecosystem
* Background in law
**Your education and experience**
The position requires relevant work experience in economic and policy analysisideally in the supervision of financial entitieswith a masters degree in economics or finance with a minimum of four years experience or an equivalent combination of education and experience may be considered.
**Salary**
* Salaries are based on qualifications and experience and typically range from $94,700 to $118,300 (job grade 17)
**What you need to succeed as the Principal Analyst**
As an innovative and self-motivated problem solver, you have experience in developing policies related to the financial, payments or technology industries. You can conduct research and analysis, provide advice and make decisions on a variety of large, complex issues with multiple dependencies. You are flexible and able to adapt to an evolving work environment and changing priorities. You develop and maintain harmonious relationships with a wide range of business contacts and build supportive working relationships with peers, your manager, as well as internal and external stakeholders.
You have strong influencing skills, able to set priorities and can manage multiple deliverables to advance the work of the project. You will demonstrate your leadership skills by mentoring and developing more junior staff in the team and have a proven ability to communicate clearly and adapt your communication style for a wide range of audiences, including senior management and external stakeholders. You are equally comfortable working collaboratively within a team, or independently. Your work is conducted with a strong attention to detail and often under tight deadlines.
Furthermore, you understand the broader financial system and supervision in the financial section, including current and emerging trends/issues as they relate to enforcement.
**Nice to have**
* knowledge of payment clearing and settlement systems (FMIs), retail payments, and financial technology companies (paytechs or fintechs)
* experience with, or knowledge of risk management practices at financial institutions.
* knowedge of, or experience with, enforcement regimes including those which include enforcement actions with administrative moneatary penalites
* experience participating in international or domestic inter-agency committees or working groups
* understanding of the financial sector, financial system, agents in the financial system, relevant financial sector authorities in Canada, retail payments ecosystem
* Background in law
**Your education and experience**
The position requires relevant work experience in economic and policy analysisideally in the supervision of financial entitieswith a masters degree in economics or finance with a minimum of five years experience. An equivalent combination of education and experience may be considered.
**Salary**
* Salaries are based on qualifications and experience and typically range from $108,100 to $135,00 (job grade 18)
**FISC Interchange Program**
The FISC Interchange Program is a mechanism for supporting talent management and employee development from the following participating agencies: Department of Finance, Financial Consumer Agency of Canada, Canada Deposit Insurance Corporation, Office of the Superintendent of Financial Institutions and the Bank of Canada. By taking temporary assignments, participants develop