Banking and Payments Specialist - Day Domestic Job Details | Bank of Canada

Banking and Payments Specialist - Day Domestic

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.

What you will do
Working alongside other Banking and Payments Specialists (BPS) covering the domestic operations, you will provide a variety of domestic payment, securities safekeeping and collateral management services for approximately 100 clients, including the Government of Canada, domestic financial institutions, other central banks and selected international institutions. In addition, a BPS processes transactions for the final settlement of clearing, payment and settlement systems, which includes Canada’s Real Time Gross Settlement system (Lynx), the Canadian Depository for Securities (CDSX), the Automated Clearing and Settlement System (ACSS) and the Note Exchange System (NES).

As a domestic day BPS, you will:

• Process, monitor, control and balance a variety of payments, settlement, and securities transactions for clients.
• Process daily operations in accordance with procedures and critical operational deadlines.
• Participate in the analysis of business processes, training, and problem resolution.
• Work in an operations-oriented, team-based environment with a strong client focus.

Please note that the ability to work onsite at least 50% of the time is a requirement due to the position being part of the Bank’s Critical Operations.

Day work schedule consists of a regular shift Monday to Friday Eastern Time from 8:30am to 4:30pm, and an extended shift Monday to Friday from 8:30am to 7:00pm.

• The candidate will work the regular shift and at least one extended shift per week.
• The onboarding and training period will be a minimum of eight weeks.

What you need to succeed

• Knowledge of banking operations, including payment, settlement services, collateral administration, and fiscal-agent responsibilities.
• General understanding of accounting principles.
• Good analytical and problem-solving skills.
• Ability to gather and resolve discrepancies in information.
• Ability to multi-task and make sound decisions and recommendations.
• Proven ability to organize work and set priorities to ensure that production schedules and deadlines are met.
• Ability to work independently or in a team environment with minimum supervision.
• Strong interpersonal and communication skills.

Nice-to-have

• Good knowledge of Canada's financial systems, including the ACSS, LYNX, and CDSX.
• Familiarity with an operational work environment and computerized applications such as Microsoft products (Word, Excel).

Your education and experience
The position requires a bachelor's degree in commerce or business administration with at least one year of relevant experience in processing payment and securities transactions on behalf of clients, or a relevant college diploma (e.g., in accounting or administration) with a minimum of two years of experience in the same field. 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.
• 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.
• The official title for this position is “Banking and Payments Specialist.”

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 $72,070 to $84,788 (job grade 14).
• 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.