City : Ottawa

Category : Other

Industry : Banking/Financial

Employer : Bank of Canada

What you will do 
Working alongside other Banking and Payments Specialist (BPSs) covering the overnight operations, you provide collateral, payment and settlement services through the Canadian Depository for Securities (CDSX) and Canada’s Real Time Gross Settlement system (Lynx) to settle foreign exchange transactions on behalf of the Continuous Linked Settlement (CLS) Bank. Owing to the criticality of the operations, BPSs working the overnight shift must develop expertise in contingency procedures and participate in regular proprietary and system-wide testing. The Overnight Banking and Payments Specialist also provides a domestic payment and securities services for approximately 100 clients when overlapping shifts, including the Government of Canada, domestic financial institutions, other central banks and selected international institutions. 

As an overnight BPS you will:

• Process, monitor, control and balance payments, settlement and securities transactions for clients to meet strict deadlines throughout the night
• Participate in the ongoing development and testing of contingency procedures related to overnight business activities
• Self-manage daily operations in accordance with critical operational deadlines. with increased responsibility resulting from minimal technical support and management supervision 
• Analyze business processes, training and problem resolution 
• Work in a team-based environment with a strong client focus

**This poster is for anticipatory staffing and will be used to fill positions that may come up throughout the year in our Ottawa office for term positions of 12 months or more**

What you need to succeed

• Knowledge of banking operations, contingency measures, business continuity and disaster recovery plans 
• 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 coordinate 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 

• Night shift experience
• 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
This position requires a bachelor's degree in commerce or business and a minimum of one year of relevant work experience processing payments and securities transactions for clients 
or 

• relevant college diploma (e.g., accounting, administration) and a minimum of two years of relevant work experience processing payments and securities transactions for clients 

or

• an equivalent combination of education and experience may be considered

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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.
• Priority will be given to Canadian citizens and permanent residents
• Security level required: 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.
• In response to the COVID-19 pandemic and further to public health guidelines, preventative measures are being taken to ensure health and safety during the recruitment process. All interviews are conducted virtually.  
• The candidate will work a compliment of both onsite (Ottawa Head Office) and from home. Please note that the ability to work onsite is a requirement due to the position being part of the Bank’s Critical Operations.
• The work schedule for the Overnight Team consists of a compressed 4-day work week. Candidates can expect four 10-hour shifts from 11pm to 9am (scheduled in consideration of daily operations). Staff working the overnight shift, outside of the Bank’s core hours of 7:00am to 6:00pm, are eligible for a shift premium of $2.00/hour.
• The onboarding training period will last two weeks, and take place during daytime hours, before the candidate commences the overnight shift.

Vaccination: In response to the COVID-19 pandemic that was declared by the World Health Organization, the mandates issued by the federal government, and the direction provided by public health authorities, the Bank of Canada requires all new employees to be fully vaccinated prior to their start date.  If you are the selected candidate, you will be asked to first attest your vaccination status at the reference stage and will then be required to submit proof of vaccination status or request accommodation for a legitimate medical, religious reason or other human rights-based grounds at the offer stage as part of the offer process.

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.

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 $57,200 to $67,200 (job grade 13)
• Depending on performance, you may be eligible for performance pay for successfully meeting (3 to 5% of your base salary) or for exceeding expectations (7% of your base salary). 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 #LI-POST