Quantitative Analyst

Quantitative Analyst

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 primary responsibility of the Canadian Economic Analysis (CEA) Department is to provide high-quality economic analysis, projections and longer-term research that contribute to the Bank of Canada’s monetary policy function. 

CEA’s work incorporates an increasingly broad range of economic perspectives emerging from two-way engagement with the Canadian public, businesses, civil society organizations and the academic community. The department plays an active role in the communication of monetary policy (by producing the Staff economic projection and giving interest rate recommendations) with these stakeholders and disseminating research at seminars and conferences, as well as through working papers and economic journals. 

Under the direction of the Director of the Model Development division, you will:

• Contribute to the development and maintenance of fourth-generation macroeconomic model for projection and policy analysis at the Bank of Canada. 
• Work closely with a dynamic team of economists, mathematicians, computer engineers and data scientists to maintain a suite of state-of-the-art macroeconomic models (including a macroeconomic agent-based model and nonlinear models with large datasets) and develop optimal simulation strategies.
• Apply advanced tools to perform quantitative analyses (e.g., data analytics, stochastic simulations) to actively contribute to research that deepens the understanding  of key linkages in the Canadian economy and their relevance to the economic outlook and monetary policy.  

What you need to succeed

• You demonstrate competences of being a self-starter who is highly motivated, driven for innovation. You must demonstrate strong quantitative competencies and collaboration skills to work effectively independently and with teams. You can perform under pressure and have high adaptability to evolving priorities. 
• You actively apply best codes management practices. You demonstrate strong competence employing mathematical and programming tools to tackle abstract macroeconomic problems.
• You can communicate effectively quantitative results (both orally and in written documents) in intuitive manners to deliver impactful analysis.

In addition, you have:

• Mathematical skills including calculus (differential, integral, and stochastic); linear algebra and differential equations; numerical linear algebra; probability and statistics; game theory.
• Demonstrated knowledge and experience working with programming languages such as MATLAB, Python, TensorFlow, Julia or other programming language.
• Experience with advanced simulation and data analysis methods (Monte Carlo techniques) 

Nice-to-have

• work experience in economic model development, forecasting analysis (building models; estimation and simulation for policy analysis) 

Your education and experience

• a university degree or college certificate in a relevant discipline (preferably in economics or applied mathematics with a strong technical background, statistics) with a minimum of 3 years of relevant experience including 2 years of coding experience. 

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 Reliability 
• There will be no relocation assistance provided
• 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 $90,535 to $106,512 (job grade 16)
• The Bank offers an incentive for successfully meeting expectations at  5 to 7% of your base salary. The Bank offers additional performance pay (3%) 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 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

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