Financial Business Partner or Associate Financial Business Partner

Financial Business Partner or Associate Financial Business Partner

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 
Reporting to the Director of Business Partnering in the Strategic & Financial Advice (SFA) business line of Financial Services (FIN), you provide strategic and financial advice to facilitate sound decision making that supports corporate and business objectives. You will also be contributing to the formulation of the Bank’s strategic plan, ensuring effective corporate planning, management of financial resources and management of enterprise risks for the Bank’s departments and portfolio of initiatives.

As the Financial Business Partner or the Associate Financial Business Partner, you build and foster strong, trusting relationships with designated governance bodies across the Bank, as well as departmental business partners, Human Resources (HR) partners and Information Technology (IT) partners. 

Clarification:  From time to time, the Bank of Canada posts positions for the role of a Financial Business Partner and/or of an Associate Financial Business Partner.  The role of a Financial Business Partner (Job Grade 18) and an Associate Financial Business Partner (Job Grade 16) are very similar in nature.  However, a Financial Business Partner role entails managing a more extensive and complex portfolio. As a result, education and experience requirements are different for the two roles. The Bank of Canada may determine the appropriate job grade upon review of the candidate’s education level and work experience, among other things. Should the Bank of Canada deem an applicant is better suited for one role over the other, selected candidates will be informed and will be requested to confirm their continued interest in their application.

Specifically, you will :

• lead the budget planning, forecasting and reporting for the Bank’s departments 
• monitor and analyze the overall performance of departmental budgets , as well as their impact on corporate objectives, identifying trends, impacts and mitigation strategies
• provide information/reports/dashboards for sound management decision making 
• provide financial and strategic advice to the Bank’s departmental leadership teams   
• actively influence day to day decisions, shaping strategy and the direction of the departments / Bank 
• ensure key business performance risks, issues, and opportunities are highlighted to relevant stakeholders
• develop financial models that consider the Bank’s financial framework and aligned with stewardship of public funds 
• act as an advocate for understanding cost drivers and cost control

What you need to succeed

• intellectual leadership and broad experience in different aspects of financial management and, accounting
• ability to provide timely and sound strategic financial management advice and guidance at all levels within an organization
• ability to handle complex business challenges effectively  
• excellent ability to communicate effectively both orally and in writing, including conveying complex and sensitive information in an appropriate manner
• ability to adapt influencing style to different situations 
• ability to connect details and see the big picture
• strategic outlook and ability to conceptualize and communicate financial and organizational objectives
• strong focus on outcomes and demonstrated ability to manage changing priorities
• strong interpersonal skills and demonstrated partnership focus

Nice-to-have 

• knowledge of Canadian banking processes
• experience working with the enterprise resource planning system SAP 
• experience working with Workday Adaptive Planning for financial planning
• work experience in both the public and private sectors

Your education and experience

Position at a Job grade 16

• a university degree in a related field 
• a recognized Canadian (or reciprocal) accounting designation (CPA, CA/CPA, CMA/CPA, CGA) or in the process of obtaining one.
• a minimum of five years of relevant experience

or

• an equivalent combination of education and experience may be considered

Position at a Job grade 18

• a university degree in a related field
• a recognized Canadian (or reciprocal) accounting designation (CPA, CA/CPA, CMA/CPA, CGA)
• a minimum of eight years of relevant experience

or

• 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.
• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability 
• 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. 

d

Remote work / 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. For this position, should you not live within reasonable commuting distance of the office, you will be able to work 100% remote (within Canada) for the duration of this term.

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. 
 
 

Job grade 16

• Salaries are based on qualifications and experience and typically range from $90,535 to $106,512
• The Bank offers an incentive for successfully meeting expectations at 5 to 7% of your base salary. The Bank offers additional performance pay for those who exceed expectations. Exceptional performers who far exceed expectations may be eligible for higher performance pay.

 
Job grade 18

• Salaries are based on qualifications and experience and typically range from $121,842 to $143,344
• The Bank offers an incentive for successfully meeting expectations at 7 to 10% of your base salary. The Bank offers additional performance pay 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.