Massey Henry is pleased to support the Bank of Canada (“the Bank”) with the recruitment for a Managing Director, Supervision (“MD”). Driven by its mandate to act in the best interests of the economic life of the nation, the Bank promotes the economic and financial welfare of Canada as defined in the Bank of Canada Act.
About Bank of Canada
The Bank of Canada – the nations- central bank -promotes the economic and financial welfare of Canada as defined in the Bank of Canada Act.
Driven by its mandate to act in the best interests of the economic life of the nation, the Bank has five core functions:
Headquartered in Ottawa, the Bank has regional offices across Canada and in New York, and teams within these regional offices strengthen national and international ties with industry, government, other organizations and associations, educational institutions, and all Canadians.
Additional Information
Please visit the Bank of Canada website for more information about their history and mission, their
esteemed Governing Council, Executive Leadership team, and Executive Council, and the Board of Directors.
Additional recommended resources include:
Reporting to the Executive Director of Payments, Supervision and Oversight (“ED”), the Managing
Director, Supervision (“MD”) provides strategic leadership and oversight for the Bank’s mandate to
supervise Payment Service Providers (PSPs) and Financial Market Infrastructures (FMIs) under its
legislative frameworks.
This role is pivotal in planning and executing risk supervision, enforcement, and registration activities for PSPs, ensuring regulatory compliance while promoting public confidence in Canada’s payments ecosystem.
The MD is instrumental in navigating the complexities of financial supervision, safeguarding the Bank’s reputation and driving innovation in supervisory practices. The MD also plays a critical role in guiding and overseeing the Bank’s annual assessment of FMIs to ensure that they remain resilient to a wide range of risks. To this end, the MD approves and delivers the Bank’s annual oversight expectations to FMI executives and the board of directors.
Leading a team focused on building and refining the Bank’s supervision and oversight, the MD is pragmatic given a changing and evolving financial system but remains focused on ensuring that PSPs and FMIs meet the Bank’s regulatory expectations. The role fosters collaboration with PSPs, FMIs, government partners, industry stakeholders, and domestic and foreign regulators to enhance supervisory approaches and drive continuous improvement. With a commitment to fairness, accountability, and trust, the MD shapes the evolution of Canada’s regulatory approach for PSPs and FMIs, ensuring their effectiveness in protecting the integrity and stability of the financial system.
Key Responsibilities
Strategic Leadership
Culture and Talent Management
Relationship Management
Subject Matter Expertise
The Individual
The Managing Director, Supervision (“MD”) is a seasoned leader with over 15 years of experience in
the financial services or regulatory sector, bringing expertise in supervision, risk management,
compliance, and policy development. With a refined understanding of risk supervision and enforcement practices, the MD excels at executing supervisory actions that effectively address compliance gaps while maintaining the highest regulatory standards.
The MD brings comprehensive knowledge of regulatory frameworks, particularly those governing Payment Service Providers (“PSPs”) and Financial Market Infrastructures (“FMIs”), applying astrategic and forward-thinking approach to oversight and enforcement.
A skilled relationship builder, the MD fosters collaboration and drives innovation within the Bank’s Supervision team, helping to establish a culture of excellence and accountability. By advancing the Bank’s Supervisory program, the MD plays a pivotal role in promoting the economic and financial well-being of Canadians.
Key Qualifications
Please apply online by the link below. Interested applicants can submit their CV via the Massey Henry website.