Principal Economist

**Principal Economist**

**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 a diverse and inclusive organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in an environment where we are reinventing central banking, renewing ways of doing business and reinforcing a culture of innovation.

Find out more about the next steps in our Recruitment process.

**Did you know?**
The Canadian Economic Analysis (CEA) Department assesses economic conditions in Canada and produces high-quality analysis, projections and longer-term research to support the Bank of Canada’s monetary policy function. The Model Development Division (MDD) is responsible for the development and maintenance of a suite of macroeconomic models used for Staff economic projections and policy analysis. This division systematically supports the projection and policy recommendation process, for example, through model-based scenario analysis. MDD also produces and disseminates leading-edge research on key policy issues.

**What you will do**
As a Principal Economist in the Model Development division, you help lead and contribute to the development and maintenance of macroeconomic models used for projection and policy analysis. You will play a central role in helping shape the strategic direction of the division and support the director in managing the team. Through your advanced modelling expertise, you support the team in understanding key linkages in the Canadian economy and their relevance to the economic outlook and monetary policy. You actively contribute to modelling and research projects on critical policy issues and help draw key insights to inform the monetary policy decision process.

Your responsibilities will include:

- Lead and contribute to the development of the Next-Generation of macroeconomic models for monetary policy
- Originate, conduct and deliver high-quality research to address challenging and complex emerging economic problems
- Provide guidance and coaching to more junior colleagues to help develop their skills and competencies, and add depth and rigour to the division’s analytical output
- Help draw and communicate analytical findings in a clear, concise, and economically intuitive manner to senior management and policymakers
- Effectively build and maintain working relationships and collaborating with a wide range of internal and external modelling and research community
- Lead staffing and recruitment activities (for MA and PhD graduates) to attract a high-quality work force

**What you need to succeed**
You come from a strong background building and working with macroeconomic models, including dynamic stochastic general equilibrium (DSGE) models. You have a solid understanding of macroeconomics that allows you to think through complex economic issues from first principles. In addition, you have:

- Extensive experience developing complex, large-scale macroeconomic models using MATLAB, Dynare, Iris, Python, Julia, or other relevant toolkits
- A high degree of intellectual curiosity and ability to initiate, follow-through and anticipate future opportunities and devise model development plans to address them
- Strong oral and written communication skills
- Strong problem-solving skills and can manage priorities and trade-offs effectively to make high-quality decision under compressed timeline, ensuring timely project completion
- A self-starter, driven and innovative mindset. You consistently demonstrate competence to work both independently and in a team environment, with a strong ability to share ideas, foster knowledge exchange, encourage feedback to build consensus

**Nice-to-have**:

- Experience making presentations and/or providing advice to senior management

**Your education and experience**
- a master’s degree in economics or finance and minimum five years of relevant work experience relating to macroeconomic analysis

or
- a PhD degree in economics or finance with a minimum of two years of recent relevant experience relating to macroeconomic analysis

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 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 Reliability
- Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
- In response to the COVID-19 pandemic and further to p