What you will do This position is located in downtown Ottawa, but we are open to candidates who may be able to work from Montreal.
The Financial Markets Department (FMD) is aligned with the financial system function of the Bank of Canada. The department provides analysis, policy advice and research on a wide range of topics in support of the goal of promoting the safety and efficiency of the overall financial system both domestically and internationally. FMD also contributes to the monetary policy and funds-management functions. In coordination with the Funds Management and Banking Department, FMD contributes to the overall management of Government of Canada financial assets and market debt, and executes the transactions that the Bank undertakes on behalf of the Government of Canada in Canadian-dollar- and foreign-currency-denominated markets. Finally, the department advises on and implements monetary policy, and provides liquidity to the financial system, through a range of operations.
The Financial Market Data Analytics (FMDA) team is looking for a Data Scientist to help it support the increased use of big data analytics, machine learning, and broader use of varied data resources across the department. The position reports directly to the FMDA Director.
As a Data Scientist, you work with other economists and financial market experts to build analytical solutions that enhance the department’s market operations, policy analysis and research.
You strive to understand business requirements and identify use cases for the deployment of predictive analytics. You lead data science projects, applying sophisticated analytics techniques at every stage: extraction, cleaning and validation of data, data exploration, design and evaluation of models and communication. You use big data technologies to leverage structured and unstructured data from a variety of internal and external sources. You find creative ways to develop tools and services, collaborating with specialists from other departments to drive innovation and expand departmental capabilities.
You will also:
act as a subject matter expert in the areas of data science, big data, and new technologies
apply, adapt and design computer programs for statistical analysis of data
leverage extensive theoretical and practical knowledge of advanced analytic methods and algorithms
propose data visualization techniques to present the results of statistical analyses
deliver training to economists on key tools and big data analytic approaches
keep current with industry and academic developments
What you need to succeed We are looking for someone who possesses strong interpersonal skills and enjoys working in an innovative environment who can clearly communicate information and ideas adapted to a target audience. You must be action-oriented and focused on results, with an openness to finding new ways of working and thinking outside the box.
This role will require you to work with other teams, thus building positive working relationships to deliver on commitments and lead projects effectively. You should be committed to learning and self-development and able to grasp the essence of policy and technical issues and develop insightful concepts, models or frameworks.
You must have experience:
with scientific programming languages and libraries (Python) and statistical and quantitative analysis (R, Matlab, Stata, etc.)
with data-mining techniques, including the application of machine learning and distributed computing
with modern data processing technologies (STORM, SPARK, HADOOP etc.)
working with different database technologies (relational – OLTP/OLAP, NoSQL, object databases, etc.)
using data visualization tools (Tableau, D3.js, Plotly, etc.)
Internal Number: 3930
About Bank of Canada
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 centre 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 an environment where we are reinventing central banking, renewing ways of doing business and reinforcing a culture of innovation.