Senior Accounting Analyst

Senior Accounting Analyst

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.

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 will do
As a Senior Accounting Analyst, you will help safeguard the integrity of financial information for the Bank of Canada, its pension trust funds, and the Government of Canada domestic debt and foreign asset portfolios. You will take ownership of complex accounting and reporting matters, apply professional judgment, and connect activities across the Bank to their accounting and financial reporting impacts to understand and explain the Bank’s overall financial position and the underlying business, market and policy drivers.

Working under the general direction of a Senior Manager in Accounting Operations, you will serve as a senior subject-matter resource with a broad understanding of how activities across the Bank flow through financial systems, accounting processes and reporting. You will strengthen controls, resolve complex or non-standard issues, identify broader impacts and dependencies, and shape improvements to accounting processes, systems and reporting.

Specifically, you will:

• Own financial analysis and reporting. Lead the oversight and analysis of significant balances, transactions, estimates and variances; challenge assumptions and data quality, assess whether results are reasonable and complete; and connect balance sheet movements to the underlying activities, decisions and drivers across the Bank.
• Exercise accounting judgment. Research and assess complex or non-standard transactions, recommend appropriate treatment under IFRS, PSAS and Bank policies, and consider the impacts across financial statement line items, systems and reporting processes when developing and documenting conclusions.
• Safeguard financial control and account integrity. Oversee key reconciliations and controls; assess material or persistent differences, determine appropriate resolution or escalation, and identify issues or dependencies that could affect the completeness, accuracy and integrity of financial information.
• Lead the resolution of complex accounting and operational issues. Investigate issues spanning Bank operations, accounting processes and systems, identify root causes and downstream financial impacts, and work with internal and external partners to implement sustainable solutions.
• Drive modernization and continuous improvement. Identify opportunities, define accounting and business requirements, and support the design, testing and implementation of process and system changes, including assessing broader accounting, system and financial reporting impacts and dependencies across the Bank.
• Develop and maintain accounting documentation. Maintain documentation of key accounting procedures, business rules and system integrations, ensuring it reflects procedural and system changes and preserves critical accounting knowledge.
• Provide expertise, guidance and advice. Act as a senior subject-matter resource to colleagues and stakeholders, bringing a broad understanding of the Bank’s activities and their accounting and financial reporting implications to complex issues, providing technical guidance and coaching, and representing Accounting Operations’ requirements and perspectives.

What you need to succeed

We are looking for someone who:

• Demonstrates strong analytical skills and professional judgment, with the ability to assess complex issues, challenge assumptions, evaluate risk and materiality, draw sound conclusions, and recommend practical solutions.
• Demonstrates strong data literacy, using financial systems, analytical tools and structured data to evaluate results, identify relationships and trends, and support decision-making.
• Has strong and broad accounting knowledge and experience, including accounting operations, financial close and reporting, reconciliations, internal controls, and the practical application of IFRS and/or PSAS, with the ability to understand significant financial statement line items and the activities across the Bank that drive them.
• Thinks beyond individual accounts and processes, understanding how Bank activities, transactions, financial statement line items, systems and accounting processes are interconnected, and assessing the broader financial reporting implications of changes, issues and decisions.
• Works independently and demonstrates initiative, proactively identifying issues, seeking the right information, managing competing priorities and delivering high-quality work within established timelines.
  Communicates complex information clearly and effectively, using strong listening skills and adapting accounting, financial and system information for technical and non-technical audiences.
• Builds strong collaborative relationships, bringing together different perspectives, providing constructive challenge and influencing stakeholders to resolve issues and achieve shared outcomes.
• Builds capability and improves ways of working, sharing expertise, providing technical guidance and coaching, and identifying opportunities to strengthen processes, systems and team knowledge.

Nice to have

• Experience in accounting operations or financial reporting within a financial institution, central bank, investment organization or similarly complex environment.
• Knowledge of financial instruments, including valuation, amortization, income recognition, foreign exchange and related accounting considerations.
• Experience with SAP, Blackline, portfolio or custody platforms, and data analytics or visualization tools such as Microsoft Fabric or Power BI.
• Experience assessing and documenting internal controls and supporting internal or external audits.
• Experience supporting significant system or business change, including business requirements, user acceptance testing and implementation.

Your education and experience
This position requires a CPA designation in good standing, a bachelor’s degree in accounting, finance, business administration or a related field, with at least five years of relevant experience in accounting operations, financial close, financial reporting or a comparable environment. An equivalent combination of education and experience may be considered.

Innovative Mindset
We value candidates who demonstrate adaptability, curiosity, and a willingness to learn new technologies, including AI and digital tools. We seek individuals who can think critically about data, question existing processes, and find ways to simplify our work while embracing change and new ways of doing things.

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 Reliability
• 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 portion 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 12 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 $94,193 to $110,816 (job grade 16)
• 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, dental disability and life and/or accident insurance coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Indexed, defined-benefit pension

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.