Trader Associate

Trader Associate Location Hybrid work in Calgary, AB : 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. 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
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.
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
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 an effective communicator, able to promote your analysis and ideas orally and in written form to a wider audience. 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)
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.
Language requirement: English or French essential
Priority will be given to Canadian citizens and permanent residents
Relocation assistance may be provided, if required
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.
We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. 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