Banking and Payments 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. 

 

What you will do 
As a Banking and Payments Specialist (BPS), you will provide critical payment, settlement, securities, and collateral management services for approximately 100 clients, including the Government of Canada, domestic financial institutions, other central banks, and selected international institutions. Additionally, a BPS processes transactions through key systems such as Canada’s Real-Time Gross Settlement system (Lynx), the Canadian Depository for Securities (CDSX), the Automated Clearing and Settlement System (ACSS), and the Note Exchange System (NES).

 

In the overnight shift, you will focus on foreign exchange settlements for the Continuous Linked Settlement (CLS) Bank, manage contingency procedures, and ensure operations run smoothly with minimal supervision. During overlapping shifts, you will also handle domestic payments and securities services.

 

As a BPS, you will:

Process, monitor, control, and balance payments, settlements, and securities transactions while meeting strict operational deadlines. Participate in the ongoing development and testing of contingency procedures. Self-manage operations in line with critical deadlines and analyze business processes for improvements. Collaborate in a team-based, operations-oriented, and client-focused environment.

 

Please note that the ability to work onsite at least 50% of the time is a requirement due to the position being part of the Bank’s Critical Operations.

 

Day work schedule consists of a regular shift Monday to Friday Eastern Time from 8:00am to 4:00pm or 8:30am to 4:30pm, and an extended shift Monday to Friday from 8:00am/8:30am to 7:00pm.

The candidate will work the regular shift and at-least one extended shift per week. The onboarding and training period will be a minimum of eight weeks. 

 

The work schedule for the Overnight Team consists of a compressed 4-day work week. Candidates can expect four 10-hour shifts Eastern Time 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 up to two weeks, and take place during daytime hours, before you commence the overnight shift.

What you need to succeed

Knowledge of banking operations, contingency measures, business continuity, disaster recovery plans, payment and settlement services (CAD and FX), collateral administration, and fiscal responsibilities.  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 

Good knowledge of Canada's financial systems, including the ACSS, Lynx and CDSX Good knowledge of foreign exchange trade processing. 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 banking 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 banking payments and securities transactions for clients

or

An equivalent combination of education and experience may be considered.

 

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 Secret  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. 

 

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 substantial part 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 eight 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 $72,070 to $84,788 (job grade 14) The Bank offers an incentive for successfully meeting expectations at  5 to 7% of your base salary. The Bank offers additional performance pay (3%) 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.