Bank of Canada

About Bank of Canada

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 a diverse and inclusive organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in an environment where we are reinventing central banking, renewing ways of doing business and reinforcing a culture of innovation. About the position The Funds Management and Banking Department (FBD) oversees the funding and investment of Canada's foreign exchange reserves, the management of the federal government's retail and wholesale debt programs and the Bank of Canada's pension fund. FBD also manages the financial risk associated with funds-management activities and provides back-office payment and settlement services. While the market and banking operations are primarily based in Ottawa, the Bank has established an alternate site for its operations in Calgary, in accordance with resilience best practices. FBD is currently seeking a Banking Services Representative (BSR) for the Payments and Settlement Operations team for its Calgary operational site. The BSR team has both Day Shifts and Rotating Day/Overnight shifts. The work schedule for the day shift consists of five 7.5-hour days between the hours of 05:00 to 17:30 (Mountain time), Monday to Friday. You must also be available to work, in rare contingency scenarios, on a rotation basis between the day operations and overnight operations. The onboarding training period will be up-to 3 weeks, and take place during daytime hours, before the candidate commences further on the floor job training. Your future responsibilities You provide a variety of domestic payment and securities services for approximately 100 clients, including the Government of Canada, domestic financial institutions, other central banks and selected international institutions. You process transactions for final settlement of clearing, payment and settlement systems, including the Large Value Transfer System (LVTS), the Canadian Depository for Securities (CDSX), the Automated Clearing and Settlement System (ACSS) and the Note Exchange System (NES), and provide payment services on behalf of the Continuous Linked Settlement (CLS) Bank. This includes the provision of collateral management services related to the lender-of-last-resort and operational activities connected to financial stability. In addition, you will participate in the analysis of business processes, training and problem resolution and various tests, including contingency exercises and production acceptance tests and maintain static data and settlement instructions. Your education and experience bachelor's degree in commerce or business and a minimum of one year of relevant work experience processing payments and securities transactions for clients or relevant college diploma (e.g., accounting) and a minimum of two years of relevant work experience processing payments and securities transactions for clients or a minimum of three years of relevant work experience processing payments and securities transactions for clients or an equivalent combination of education and experience may be considered Your knowledge and skills good understanding of the banking environment, including payment and settlement services, collateral administration, fiscal-agent responsibilities, and market practices familiarity with an operational work environment and computerized applications such as Microsoft products (Word, Excel) general understanding of accounting principles good analytical and problem-solving skills good organizational skills, ability to multi-task, and make sound decisions and recommendations ability to work in a team environment ability to cope with pressure and tight deadlines ability to communicate clearly and promptly Assets good knowledge of Canada's financial systems, including the ACSS, LVTS, and CDSX. experience with SWIFT messaging formats Language requirement English essential or Bilingual (English and French) (although the position requires a Level 5 (fully functional) in the second official language, selected candidates may receive training to reach the required level over time) 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. Salaries are based on qualifications and experience and typically range from $49,600 to $55,000 (job grade 11). This position provides an opportunity to progress gradually up to the working level of job grade 13 (up to $66,200). Depending on performance, you may be eligible for performance pay for successfully meeting (3 to 5% of your base salary) or for exceeding expectations (7% 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 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 For more information on key benefits, please visit www.bankofcanada.ca/careers/working-here. Additional information Priority will be given to Canadian citizens and permanent residents Security level required: Secret Relocation assistance may be provided, if required We encourage applications from women, Indigenous peoples, veterans, persons with disabilities, members of visible minorities and persons of all races, ethnic origins, religions, abilities, sexual orientations, and gender identities and expressions. We wish to thank all applicants for their interest and effort in applying for this position; however, only candidates selected for interviews will be contacted.

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Company Type: Government

Company Size: 1001 - 5000

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Job Ads found: 2145

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Hiring Locations: 13

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