Principal Analyst, CBDC Policy Development

Expired on: Nov 20, 2023
Job Categories: CBDC Principal Analyst
Job Locations: Hybrid Ottawa

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.

The Project
A wave of innovation in financial technology (FinTech) is transforming the landscape of currency, payments systems and financial intermediation. Canadians are changing how they use money and make payments. Considering these developments, the Bank of Canada has an ongoing project to develop the capability to issue a general purpose, cash-like central bank digital currency (CBDC) should the need arise. This is a program of major social significance and will require us to break new ground.

Note: This poster may be used to fill other FSS Principal Analyst positions that may occur in 2024.

What you will do
The CBDC Policy Integration (PI) team is responsible for synthesizing research and analysis from across the organization to form practical strategy and policy recommendations to guide the Bank’s CBDC project.

As a Principal Analyst, you will:

  • Contribute to an economic policy workplan outlining work required to inform the Bank’s decisions on CBDC issuance, strategy, design, and impact.
  • Develop sound strategic and policy advice both on your own and by leading interdepartmental tiger teams.
  • Engage with internal and external stakeholders to understand, and effectively account for, a broad set of constraints and perspectives.
  • Coordinate with the project management team and counterparts from other departments to plan for and achieve key project milestones.
  • Prepare briefings, speeches, and summary notes for senior management.
  • Liaise with government authorities and other central banks and support stakeholder relations work.
  • Monitor and analyze developments in electronic money and payments, including CBDCs, cryptocurrencies, stable coins, crypto exchanges, and others.

What you need to succeed

  • Knowledge of payments, currency and/or central bank digital currency
  • You have a proven track record of developing practical and well-reasoned policy advice.
  • You can distill complex information and balance competing objectives and diverse perspectives.
  • You have a strategic vision and can translate this vision into concrete plans.
  • You have excellent writing and critical reasoning skills.
  • You are intellectually curious and strive to build expertise in new and complex subject areas.
  • You can build and maintain a network of internal and external relationships.
  • You are equally comfortable working independently or collaboratively within a team.
  • Your work is conducted with a strong attention to detail and often under tight deadlines.

Your education and experience
This position requires a master’s degree in economics or finance and between 5 and 10 years of relevant work experience. A combination of education and experience may also be considered.

Opportunity for a FISC Interchange
We are willing to consider staffing this position on a temporary basis through the Financial Institutions Supervisory Committee (FISC) Interchange Program.

The FISC Interchange Program is a mechanism for supporting talent management and employee development from the following participating agencies: Department of Finance, Financial Consumer Agency of Canada, Canada Deposit Insurance Corporation, Office of the Superintendent of Financial Institutions and the Bank of Canada. By taking temporary assignments, participants develop professionally and may learn specific skills and knowledge, while agencies participating in the Program may benefit from new knowledge, skills and approaches.

Assignments are for a fixed duration that can be up to three consecutive years but will typically last between 12 and 24 months (depending on operational needs) and are salary neutral. There is a minimum gap period of two years before a former participant may participate again through the Program.

What you need to know

  • Language requirement: English and French essential (bilingual) with a minimum starting level of intermediate (level 3) in second official language. Training may be provided to help reach the required level of functional (level 4) in second official language.
  • 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.
  • The official title for this position is “FSS Principal Analyst, CBDC Policy Integration ”

Hybrid Work Model #LI-Hybrid

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.


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

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 $99,340 to $124,175 (job grade 18)
  • Depending on performance, you may be eligible for performance pay. The first tier of performance pay is for successfully meeting expectation, 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 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 #LI-POS


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


View the original job listing here.

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