Banking and Payments Specialist, Overnight Operations

Banking and Payments Specialist, Overnight Operations

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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:
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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 to a range of clients, including the Government of Canada, domestic financial institutions, other central banks, and selected international institutions. You will also process 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).

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

As a BPS, you will:

• Process, monitor, control, and reconcile payments, settlements, and securities transactions while meeting strict operational deadlines.
• Contribute to the ongoing development, maintenance, and testing of contingency procedures.
• Manage daily work in line with critical deadlines and identify opportunities to improve business processes.
• Collaborate in a team-based, operations-oriented, and client-focused environment.

Please note that the ability to work onsite is required, as this position supports the Bank’s critical operations.

The Overnight Team works a compressed four-day work week. Candidates can expect four 10-hour shifts, scheduled from 11:00 p.m. to 9:00 a.m. Eastern Time, based on operational needs.

• Staff working the overnight shift, outside the Bank’s core hours of 7:00 a.m. to 6:00 p.m., are eligible for a shift premium.
• The onboarding and training period will last up to two weeks and will take place during daytime hours before the overnight shift begins.

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.
• Strong analytical and problem-solving skills.
• Ability to gather information and resolve discrepancies.
• Ability to manage multiple priorities and make sound decisions and recommendations.
• Proven ability to coordinate work and set priorities to meet production schedules and deadlines.
• Ability to work independently or as part of a team with minimal supervision.
• Strong interpersonal and communication skills.

Nice-to-have

• Good knowledge of Canada’s financial systems, including ACSS, Lynx, and CDSX.
• Good knowledge of foreign exchange trade processing.
• Experience working overnight shifts in a banking environment is an asset.
• Familiarity with an operational work environment and computerized applications such as Microsoft Word, Excel, Copilot, and Power BI.

Your education and experience

This position requires:

• A bachelor’s degree in commerce or business and a minimum of two years of relevant work experience processing banking payments and securities transactions for clients.

or

• A relevant…