Principal Consultant, AI for Financial Supervision

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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:  Working Here - Bank of Canada

Find out more about the next steps in our Recruitment process. 

About the Position
The Bank of Canada, in partnership with the BIS Toronto Centre, is seeking a visionary leader to develop innovative AI strategies and solutions, enhancing our financial supervision capabilities. Join us in shaping the future of AI in financial supervision in this unique opportunity to work with two institutions in the frontier of digital financial systems. 

Within the BIS, the Innovation Hubs consist of 7 centres located in Canada, the Eurozone, Hong Kong SAR, Singapore, Sweden, Switzerland, and the UK. Each centre is a multidisciplinary cell of colleagues aimed at identifying and building public goods for the digital financial systems of the world, with the aim of generating tools to help shape the digital financial ecosystems of the future. 
  
For further background information on the BIS Innovation Hub program, you can refer to About the BIS Innovation Hub and Bank of Canada Partner’s with BIS Innovation Centre. 

What You Will Do

• Lead AI projects in financial supervision, leveraging machine learning and deep learning techniques.
• Develop and optimize AI models for pattern recognition and data analysis in financial markets.
• Implement natural language processing solutions for financial data interpretation.
• Lead the development of AI-based financial supervision frameworks and solutions.
• Collaborate with international financial institutions to implement cutting-edge AI solutions in the area of supervision.
• Develop AI systems to monitor and analyse financial operations and market actors.
• Guide the team in adopting best practices in AI and data analytics.
• Present AI strategies and findings to international stakeholders, including central banks.

What You Will Need to Succeed:

• Proven experience in AI and machine learning, preferably in financial contexts.
• Strong leadership and technical expertise in AI application development.
• Excellent communication skills, with the ability to liaise between technical and business domains.
• Strong programming skills in Python, R, or Java.
• Deep understanding of machine learning algorithms, data structures, and AI frameworks like TensorFlow, Pandas or PyTorch.
• Experience deploying machine learning models to production, particularly large language models
• Experience in maintaining operational systems with machine learning models.
• Master the execution of training and inference workloads
• Proficiency in statistics, mathematics, and data management.
• Expertise in NLP and large language models.
• Strong problem-solving abilities and analytical skills.

Your Education and Experience
Your combined education and work experience demonstrate that you have the proficiencies and skills for the role.  We are ideally seeking candidates with a relevant degree in Computer Science, AI, Data Science or a related field, and 7+ years of relevant experience, including substantial experience in AI, with a focus on financial applications and experience leading end to end projects. 
 

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 
• 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. 
• The official title for this position is “Principal Consultant, AI for Financial Supervision ” 

Hybrid Work Model #LI-Hybrid

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. -Remote

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 $114,640 to $143,300 (job grade 19)
• Depending on performance, you may be eligible for performance pay. The first tier of performance pay is for successfully meeting expectation, at  7 to 10% of your base salary. The Bank offers performance pay for those who exceed expectations (15% of your base salary).. 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 -#INDEED-HP

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