Trader Associate

Job Responsibility:

Trader Associate

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.

The Calgary Operational Site (COS) The Bank of Canada has a site for Bank operations in downtown Calgary. The Calgary Operational Site (COS) includes 125 employees across the Financial Markets Department, Banking and Payments Department, Financial and Enterprise Risk, and Information Technology Services that share responsibility with the head office in Ottawa.

Calgary teams work closely with head office counterparts to undertake domestic and foreign market transactions, management of Government cash balances and the Bank's balance sheet, financial market analysis, and policy advice relevant to the Bank's monetary policy, financial system and funds management functions.

Having two groups in separate geographic locations that work together every day contributes to seamless delivery and continuity of our key financial market operations. To ensure operational resiliency, you are expected to help support domestic operations when needed.

What you will do

The EFA is the largest component of Canada's official international reserves. It consists primarily of liquid foreign currency assets (fixed income securities and deposits) which are funded by Government of Canada foreign currency liabilities. The Foreign Reserves Management (FRM) team leads trading and management of the EFA assets and foreign currency liabilities in accordance with formal investment guidelines established by the Department of Finance and the Bank of Canada.

The FRM team is seeking a Trader Associate to support the team in executing on the Annual Funding and Investment Plan through transacting in money market assets, bonds, and cross-currency interest rate swaps. As a Trader Associate, you will provide analytic, technical and operational support:

• Create and interpret trading and portfolio reports
• Analyze operations and financial market data, often using scripts
• Develop, enhance and maintain trading tools-based data visualisation platforms (e.g. Tableau)
• Test systems, detail procedures and find opportunities for improvement
• Help run market operations and reporting on market activity
• Contribute to maintaining operational risk within best standards
• Coordinate with middle and back offices in the validation and monitoring of trade settlements
• Manage and coordinate ad-hoc requests from trading/portfolio managers and policy/data teams

The candidate will work a compliment of both onsite (Calgary) and from home. Please note that the ability to work onsite is a requirement due to the position being part of the Bank's Critical Operations.

What you need to succeed You are detail-oriented and experienced in manipulating substantial amounts of data. You can adapt, autonomously design or develop programs or scripts to aid in your analysis. You are a self-starter, problem-solver and have strong time-management skills that allows you to effectively prioritize multiple asks. You are a team player that enjoys sharing ideas and collaborating with others. You are an effective communicator, able to promote your analysis and ideas orally and in written form to a wider audience. You are able to think on your feet and solve problems quickly under pressure.

Must-have

• experience manipulating data in Python, MATLAB, VBA, or other similar programming languages
• general knowledge of the relational database model or experience using SQL
• general data visualization experience (e.g. Tableau, PowerBI, Qlik)

Nice-to-have

• experience with a Bloomberg Terminal and/or any other market/trading related data platforms
• knowledge of financial market issues and developments, as well as knowledge of economic and financial theory and quantitative methods
• currently or planning to be enrolled in the CFA program

Your education and experience The position requires a bachelor's degree in finance or economics, 2 years of relevant experience in a financial firm or an equivalent combination of education and experience may be considered.

What you need to know

• Language requirement: English or French essential
• 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.

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 substantial part 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 eight 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 $69,300 to $81,530 (job grade 14)
• The Bank offers an incentive for successfully meeting expectations at 5 to 7% of your base salary. The Bank offers performance pay for those who exceed expectations (10% of your base salary). 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, dental disability and life and/or accident insurance coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Indexed, defined-benefit pension

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