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Trader Associate

4 months ago


Calgary, Canada Bank of Canada Full time

**Trader Associate**

**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 Calgary Operational Site (COS)**
The Bank of Canada has established an alternate site for Bank operations in downtown Calgary. The Calgary Operational Site (COS) includes 125 employees across the Financial Markets Department (FMD), Banking and Payments Department, Financial and Enterprise Risk, and Information Technology Services that share responsibility with head office in Ottawa for day-to-day financial market and banking operations.
The FMD team at COS works closely with head office counterparts to undertake domestic and foreign market transactions, management of Government cash balances and the Bank’s balance sheet, financial market analysis, and policy advice relevant to the Bank’s monetary policy, financial system and funds management functions.

Having two groups in separate geographic locations that work together every day contributes to seamless delivery and continuity of our key financial market operations. To support this resiliency, you will be expected to participate in cross training in different operations as opportunities arise.

**What you will do**
The Market Analysis and Operations (MAO) division is responsible for running the Bank’s domestic and foreign exchange market operations. We use our unique blend of market expertise, operational know-how and industry relationships to produce high quality market analysis and policy advice. The team is also responsible for developing and promoting innovative initiatives that support market best-practice and an efficient Canadian financial system, and plays a key role in publishing the Canadian Overnight Repo Rate Average. We work closely with the Department of Finance and advise the federal government on its debt strategy.

MAO is organized into sections reflecting our market operations: money markets, bonds and foreign exchange. Foreign exchange operations typically consist of foreign exchange forwards and swaps. Fixed income and money market operations typically include repo transactions, securities lending operations, and asset purchases for the Bank of Canada or on behalf of the Government of Canada.

As a Trader Associate, you will provide analytic, technical and operational support:

- Create and interpret trading and portfolio reports
- Analyze operations and financial market data, often using scripts
- Develop and maintain trading tools (e.g., Matlab spreadsheets)
- Test systems, detail procedures and find opportunities for improvement
- Help run market operations and reporting on market activity

**What you need to succeed**
You are detail-oriented, experienced in manipulating large amounts of data, being able to adapt, design or develop programs or scripts to aid in your analysis. You are an effective communicator, a problem-solver, and have strong time-management skills. You are good at finding answers and are like sharing ideas and collaborating.

**Nice-to-have**
- experience with a Bloomberg Terminal
- experience manipulating data in R, Python, MATLAB, VBA, or other similar programming languages
- knowledge of financial market issues and developments, as well as knowledge of economic and financial theory and quantitative methods
- general knowledge of the relational database model or experience using SQL
- currently enrolled in a CFA program

**Your education and experience**
The position requires a bachelor’s degree in finance or economics, 2 years of relevant experience in a financial firm 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 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.

**Hybrid Work Model **#LI-Hybrid**

The Bank offers work arrangem