Senior Financial Specialist

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 
Under the general direction of the Director, FPER, you provide leadership in the areas of financial reporting, internal controls over financial reporting (ICFR) and accounting policy in support of the Bank of Canada’s reporting entities: the Bank of Canada, the Bank’s two pension funds, the Government of Canada’s Exchange Fund Account, the Government of Canada’s debt outstanding, and others, as appropriate

You review and evaluate the financial policies, accounting guidelines and requirements, and industry best practices as they pertain to the framework for financial reporting for the reporting entities on an ongoing basis. You are accountable, with other team members, for the development and production of external financial statements, including liaison with internal and external auditors. As an expert in the field of accounting, you provide recommendations for setting the strategic direction of the department to ensure that policy and regulatory objectives are translated into actions. 

You provide expert information and guidance on ICFR and regulatory requirements to the Chief Financial Officer and, as required, to the Bank senior management. You evaluate the system of internal controls and ensure that the attestations made by the Chief Financial Officer and the Governor with respect to the financial statements of the reporting entities are sound and are based on a formal documented process.

You also participate in research projects and provide financial reporting expertise for specific projects, policies and changes Bank-wide in order to ensure relevant stakeholders understand the accounting, and internal and external reporting implications of decisions being made.

What you need to succeed

• knowledge of International Financial Reporting Standards (IFRS) and Internal Controls over Financial Reporting (ICFR)
• effective communicator able to clarify complex information and convey sensitive information 
• ability to quickly grasp the essence of complex issues, diagnose multi-dimensional problems and develop solutions to address them and conduct research to determine trends
• good change management skills, ability to facilitate heterogeneous groups as well as indirectly influence others and effectively gain their commitment by using a network of contacts or by enlisting third parties to build support
• practical knowledge of project-management principles and techniques 

Nice-to-have 

• a strong knowledge of relevant auditing standards and external auditor methodologies as they pertain to the Bank
• knowledge of Public Sector Accounting Standards (PSAS)
• knowledge of Canadian Accounting Standards for Pension Plans (ASPP)
• experience in a bank or other financial institution(s)

Your education and experience
The position requires a CPA designation (CA, CMA or CGA), with an active membership in good standing, 5 years of relevant work experience or an equivalent combination of education and experience may be considered. 
 

What you need to know

• Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability 
• 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 $101,325 to $126,660 (job grade 18)
• The Bank offers an incentive for successfully meeting expectations at  7 to 10% of your base salary. The Bank offers performance pay for those who exceed expectations (15% 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.