Senior Economist - Model Development

Senior Economist - Model Development

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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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In addition to the position being staffed, this competition may be used to fill similar opportunities (Regular or Term) that become available at the same job grade. If you’re interested in this type of role, we encourage you to apply.

What you need to know
The primary responsibility of the Canadian Economic Analysis (CEA) Department is to provide high-quality economic analysis, projections and longer-term research that contribute to the Bank of Canada’s monetary policy function.

The Model Development Division (MDD) is responsible for the development and maintenance of a suite of macroeconomic models used for Staff economic projections and policy analysis. This division systematically supports the projection and policy recommendation process, for example, through model-based scenario analysis. MDD also produces and disseminates leading-edge research on key policy issues.

What you will do
We are seeking a Senior Economist to join the Model Development division, where you will work closely with a dynamic team of economists, mathematicians, computer engineers and data scientists to maintain a suite of state-of-the-art macroeconomic models and develop appropriate model infrastructure to support operational needs.

Under the direction of the Assistant Director, you will:

• contribute to the development, implementation and maintenance of the next generation of macroeconomic model for projection and policy analysis at the Bank of Canada
• support the team in understanding drivers of the Canadian economy and their relevance to the economic outlook and monetary policy through the application of advanced modelling expertise
• contribute to modelling projects related to the design of the Canadian monetary policy framework, which influence both monetary policy decision making and demonstrate Bank’s intellectual leadership on the international stage
• conduct and deliver high-quality research to address challenging and complex emerging economic problems
• communicate analytical findings in a clear, concise, and economically intuitive manner to senior management and policymakers

What you need to succeed
You come from a strong background developing and working with macroeconomic models, especially dynamic stochastic general equilibrium (DSGE) models and empirical econometrics methods. You have a solid understanding of macroeconomics that allows you to think through complex economic issues from first principles.

In addition, you have:

• Extensive experience developing complex, large-scale macroeconomic models using MATLAB, Dynare, Iris, Python, Julia, or other modelling toolkits.
• A high degree of intellectual curiosity and commitment to continuous learning and self-development, proactively identifying emerging opportunities and translating them into forward-looking model development plans.
• Effective communication skills, both orally and in writing, engaging a variety of audiences and amplifying the impact of your work.
• Strong problem-solving skills, managing competing priorities and trade-offs, enabling sound decision-making under tight timelines, and ensuring timely project completion.
• A self-starter mindset,…