Senior Financial Management Specialist (Ottawa (Downtown), ON, CA)

Senior Financial Management Specialist

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. 

In addition to the position being staffed, this competition may be used to fill similar opportunities (Regular or Term) that become available at the same job grade. If you’re interested in this type of role, we encourage you to apply.

About the process 

This staffing process may be used to fill multiple positions within the Financial Services Department. The resulting pool of qualified candidates may also be considered for similar positions, including temporary assignments, where their qualifications and experience align with the requirements of the role. 

About the role 

This role sits at the intersection of new mandate delivery and financial management modernization. Your work will help ensure that new supervision mandates are financially sound, transparent, and sustainable, while also contributing to the modernization of Financial Services processes, insights, and advisory models. 

Reporting to the Assistant Director, Financial Management – Supervisory Mandate, within the Strategic & Financial Advice (SFA) business line of Financial Services (FIN), the Senior Financial Management Specialist plays a critical role in supporting the implementation and ongoing delivery of the Bank’s new mandates, including Retail Payment Supervision, Stablecoin, and Consumer‑driven banking. 

The role combines advanced financial analysis, costing, and governance expertise with mandate implementation and operational enablement responsibilities. The successful candidate will lead the development and execution of costing and cost-recovery approaches, oversee the integrity of financial and supervisory data supporting fee and assessment methodologies, and contribute to the modernization and streamlining of SFA processes, practices, and financial management frameworks. 

Specifically, you will:

• Lead Financial Planning & Performance: Drive annual and multi-year financial planning, forecasting, and performance management for new mandates, and projects to support departmental and corporate priorities.  
• Develop and maintain costing models: Support the implementation and ongoing operation of cost‑recovery processes, including fee and assessment methodologies aligned with legislation, policy, and audit requirements.
• Deliver Strategic Analysis & Oversight: Provide forward-looking financial and operational analyses, oversee business cases and funding proposals, and ensure alignment with governance frameworks and value-for-money objectives.  
• Enable the effective delivery of priorities: Supporting business owners through stakeholder engagement, research, process reviews, reporting improvements, financial enhancements, and governance and policy updates to advance the finance modernization agenda.
• Champion Modernization & Best Practices: Promote innovation with discipline, strengthening financial stewardship and compliance through digital finance, analytics, and AI, translating external trends into actionable recommendations, improving the timeliness and usefulness of financial information. 

What you need to succeed 

• Strategic Financial Expertise: Extensive experience in financial management, costing, budgeting, and performance analysis, with the ability to provide strategic insights and support executive decision-making.
• Costing & Funding Frameworks: Proven experience leading or advising on the design and implementation of cost-recovery frameworks, ideally within regulatory, supervisory, or public-sector environments
• Financial Governance & Controls: Strong knowledge of accounting standards, financial controls, governance, and compliance requirements.
• Analytical Excellence & Adaptability: Strong analytical and problem-solving skills, with the ability to manage competing priorities, interpret complex data, and adapt to emerging finance technologies, including automation and AI-enabled tools.
• Executive Communication & Collaboration: Excellent communication and stakeholder management skills, with the ability to influence and collaborate effectively across senior leadership, teams, and disciplines.

Education and experience 

This position requires a bachelor's degree in a related field, a recognized Canadian (or reciprocal) CPA designation, and at least 7 years of relevant experience. An equivalent combination of education and experience may be considered

Innovative Mindset

We value candidates who demonstrate adaptability, curiosity, and a willingness to learn new technologies, including AI and digital tools. We seek individuals who can think critically about data, question existing processes, and find ways to simplify our work while embracing change and new ways of doing things. 

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 Reliability 
  • 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 “Senior Financial Analyst ” 

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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 portion 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 12 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 $129,300 to $152,118 (job grade 18)
  • The Bank offers an incentive for successfully meeting expectations at  7 to 10% of your base salary. The Bank offers additional performance pay (5%) 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.