Director, Central Bank Lending

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

The Central Bank Lending Division (CBL) in the Financial Stability Department (FSD) is responsible for the design and implementation of the Bank of Canada’s loan facilities to eligible financial institutions to ensure the Bank of Canada’s lending facilities foster a stable and efficient financial system in a changing financial environment.

The Director of CBL plays a key role in supporting the Bank's discussions and policy decisions on financial stability issues.

You will stay updated on financial stability developments and policy analysis to ensure the Bank’s facilities remain fit for purpose, including identifying and addressing gaps in our frameworks. You will also lead or collaborate on research to provide insights and advice on financial sector policies that foster resilience of the financial system.

Under the general direction of the Deputy Managing Director, you will lead CBL in designing and implementing the Bank of Canada’s policy framework for Emergency Lending Assistance (ELA) and the Standing Term Liquidity Facility (STLF), and influence Canada’s crisis management response to financial crises. You will lead the development of policy advice to support the Bank’s crisis management role, including the provision of central bank liquidity to regulated financial institutions. You will also provide advice and guidance to colleagues on analytical work and on communicating with senior management. In furthering the Bank’s interest in a sound financial system, you will work closely with teams across the Financial Stability Department and other departments within the Bank, as well as with federal and provincial financial sector policymakers.

You will develop the Division's vision and strategic direction, contribute to departmental goals, and ensure the development and implementation of work plans and that these are well integrated with other department initiatives. You will provide leadership to the members of your team, through training, professional development and coaching to ensure they produce high-quality work that contributes to sound policy analysis and advice.

What You Need To Succeed

• strong problem-solving skills and the ability to analyze complex economic and financial data
• knowledge of issues related to financial stability, financial sector regulation or the financial sector more broadly
• ability to organize work effectively, setting priorities to ensure follow-through and project completion in a timely manner and under tight deadlines
• ability to influence internal and external stakeholders to achieve goals
• excellent communication skills, including ability to clarify complex information, using clear and compelling written and oral communication skills, to a variety of audiences
• ability to promote and implement collaboration within the team and across teams in the department
• strong negotiation skills and an ability to work proactively and influence others to achieve goals and make effective changes
• ability to provide support, guidance and feedback to help others meet their objectives, performance targets and personal career development goals
  
  

Nice-to-have

• prior experience in financial sector crisis management and regulatory policy development
• network of relevant contacts within the financial sector and regulatory agencies
• leadership experience including the ability to set clear goals and motivate a team
• demonstrated experience in developing operational plans, prioritizing and delegating work
• commitment to learning and self-development
  
  

Your Education And Experience

• master’s degree in economics or finance with a minimum of ten years of recent relevant work experience in economic and policy analysis
  
  

OR

• PhD in economics or finance with a minimum of nine years of recent relevant work experience in economic and policy analysis
• an equivalent combination of education and experience may be considered
  
  

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.
  
  

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 $174,197 to $204,938 (job grade 20)
• The Bank offers an incentive for successfully meeting expectations at 7 to 10% of your base salary. The Bank offers additional performance pay (5%) 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, 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.