Analyst, Registration

**Analyst, Registration**

**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.

**About Retail Payments Supervision**
The payments landscape in Canada and globally is changing rapidly. The rapid pace of technological change in Canada and around the world is introducing new and better ways for consumers and businesses to make payments.

The federal government is implementing a new Retail Payments Supervisory (RPS) Framework under the Retail Payment Activities Act. Under this Framework, the Bank of Canada would register payment service providers that perform retail payment activities and supervise PSPs’ compliance with operational risk management and fund safeguarding requirements and maintain a public registry of PSPs.

The Bank will monitor and assess whether an individual or entity is a PSP and make a registration decision as to whether it is within the scope or not of the Bank. The Bank will assess whether PSPs are adequately managing their risks and help identify areas where their risk-management practices should be improved. To fulfill its mandate, the Bank will have a suite of registration, compliance and enforcement tools, will be authorized to promote compliance with the PSPs’ registration, operational risk, end-user funds safeguarding, and mandatory reporting requirements and take enforcement actions, including imposing administrative monetary penalties and entering into compliance agreements.

**What you will do**
As the Analyst of the Registration Division, you will contribute to fulfilling the Bank’s RPS regulatory mandate by participating in the design, implementation, review, and assessment of the legislative and regulatory authorities of the Bank related to registration. You will assist in developing operational policies, procedures, and training materials for registration staff and will draft and update guidance related to registration scope, registration process, and coordination with the key external.

In addition, you will:

- monitor unregistered, refused and revoked PSPs
- participate in the assessment of different business structures for mergers, acquisitions and other changes of control
- participate in registration promotion activities
- monitor and evaluate trends and issues related to the payment ecosystem (e.g., scope issues, including quantitative and qualitative data assessment and provide preliminary conclusions to feed recommendations for legislative, regulatory, guidance, or operational policy amendments
- participate in the development and maintenance of memoranda of understanding with key external partners
- assess registration reporting and renewals
- participate in the draft, and maintenance of guidance related to registration scope, registration process, coordination with key external partners guidance for PSP’s

**What you need**
You should have the desire to build (or already have) knowledge of the broader financial system and the supervision of retail payment systems with an appreciation of current issues/trends faced by individual PSPs. You should have the knowledge of the relevant Acts, and bodies of regulation and guidance associated with retail payment supervision and experience dealing with a range of issues. You are able to identify and analyse issues, determine benefits and drawbacks, identify solutions, and provide recommendations.

**Nice to have**
- Knowledge of, or experience with, supervisory frameworks that include registration/licensing/authorization/merger, acquisition, or control assessment regimes
- Experience with administrative law regimes or working for a regulator, a PSP, or in a relevant field
- Background in law, compliance, policy development, or registration
- Accounting designation focused on managerial, accounting or audit
- A risk-oriented designation

**Your education and Experience**

The position requires a Bachelor’s degree in Law, Finance, Accounting, Economics, Business Administration or an MBA or an equivalent degree in a relevant field with a minimum of two years experience. 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.
- Prio