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How much do bank of canada jobs pay per hour?

As of Sep 3, 2026, the average hourly pay for bank of canada in the United States is $21.38, according to ZipRecruiter salary data. Most workers in this role earn between $19.95 and $23.08 per hour, depending on experience, location, and employer.

What does the Bank of Canada do?

The Bank of Canada is the nation’s central bank and is responsible for promoting the economic and financial welfare of Canada. Its main functions include setting monetary policy to control inflation, issuing Canadian banknotes, overseeing financial system stability, and managing government funds and public debt. The Bank of Canada does not provide banking services to the general public but plays a critical role in shaping the country’s economy.

What are the key skills and qualifications needed to thrive as a Bank of Canada employee, and why are they important?

To thrive as a Bank of Canada employee, you need strong analytical skills, financial acumen, and typically a background in economics, finance, or a related field. Familiarity with economic modeling tools, statistical software such as SAS or Stata, and knowledge of central banking systems are important. Exceptional communication, critical thinking, and teamwork abilities help you effectively collaborate and convey complex information. These skills ensure informed policy analysis, sound decision-making, and the effective fulfillment of the Bank's mandate in promoting financial stability.

What are some common challenges faced by employees working at the Bank of Canada, and how can new hires prepare for them?

Employees at the Bank of Canada often work in a fast-paced, policy-driven environment where attention to detail and adaptability are crucial. A common challenge is staying current with rapidly changing economic data and policy directives, which can require continuous learning and quick decision-making. New hires can prepare by developing strong analytical skills, being proactive in seeking mentorship, and familiarizing themselves with recent economic trends and central banking practices. Collaboration across various departments is common, so effective communication and teamwork are highly valued.

What is the difference between Bank Of Canada vs Financial Analyst?

AspectBank Of CanadaFinancial Analyst
Required CredentialsDegree in Economics, Finance, or related field; often requires understanding of monetary policyDegree in Finance, Economics, or Business; certifications like CFA are common
Work EnvironmentGovernment institution, policy-focused, research-drivenPrivate or corporate sector, analytical, investment-focused
Employer & Industry UsageFederal government, central bankingFinancial services firms, banks, investment companies

While both roles require strong analytical skills and financial knowledge, the Bank Of Canada focuses on monetary policy and economic research within a government setting, whereas a Financial Analyst typically works in the private sector analyzing investments and financial data for companies or clients.

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Bank Of Canada jobs near you
Infographic showing various Bank Of Canada job openings in the United States as of August 2026, with employment types broken down into 86% Full Time, 11% Part Time, and 3% Contract. Highlights an 56% Physical, 2% Hybrid, and 42% Remote job distribution, with an average salary of $44,470 per year, or $21.4 per hour.

Vice President, Fund Manager, US Municipal Finance, Community Investments

Royal Bank of Canada

Cleveland, OH • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 23 days ago

Job description

Job Description
  • What is the Opportunity?
    RBC Capital Markets - Community Investments (www.rbccm.com/cvest), part of the Royal Bank of Canada (RBC) family, is a leading national syndicator of State and Federal Low Income Housing Tax Credits (LIHTCs) and Historic Rehabilitation Tax Credits (HRTCs). The Fund Manager will manage a portfolio of LIHTC Investment Funds.
    What will you do?
  • Investor Relations focus:
  • Develops business rapport with Investor client staff that supports long-term business relationships by providing both financial expertise and market-relevant reporting.
  • Collaborates with Syndications team to provide the highest quality customer service to Investors.
  • Initiates communication with RBC Investors, with an emphasis on:
    • responding to inquiries as they pertain to property operations/performance and Fund-level tax returns and audits, and
    • soliciting feedback on reporting requirements and presentation preferences to create and develop reporting that adds value to relationships.
  • Leads preparation and presentation of portfolio reporting/pitch books in collaboration with syndication team.
  • Accounting/Technical focus:
  • Exceeds Investor expectations/requirements as it pertains to the timely and accurate delivery of all reports, audits, tax returns and K-1's.
  • Manages an Investor portfolio that provides an analysis on the current performance and future projections of individual properties.
  • Provides financial analysis assistance to the Asset Management team as it pertains to property operations and overall performance.
  • Develop and strengthen knowledge of GAAP accounting, partnership taxation and Section 42 LIHTC program to maximize value to the Company as well as Investors.
  • Fund Level (Upper Tier) Audit and Tax Return Delivery to Investor:
  • Preparation of and review of work papers that roll the lower tier tax return data into a Fund Level tax return.
  • Manage the completion and delivery of Fund level audits and tax returns to Investors through communication with external auditors.
  • Discussion with Asset Management/General Partners on issues affecting accurate reporting of tax returns and audits, usually as it relates to tax credits and losses.
  • Fund Level Quarterly Investor Benefit Report:
  • Review of quarterly Investor report detailing the loss (upper & lower tier) and credit benefits projected to be delivered to the Investor on an annual basis. Report data/documentation is derived from compilation of property level quarterly financial reports, property narrative and/or watch list reports provided by Asset Management.
  • Investor Portfolio Review:
  • Bring original fund summary model up-to-date through the insertion of final/draft tax return and audit data into the final model for all previous years of operation.
  • Analysis of current property operations as they relate to historical trends, and as a result, develop analysis of projected future property operations.
  • Determine the current Internal Rate of Return (IRR) on the Investor's investment at Fund level, which is derived from the tax credit and loss benefit analysis, and a result of:
    • Preparation of Federal, Historic and/or State tax credit benefit analysis, and
    • Preparation of Net Operating Income/Loss benefit analysis.
  • Preparation of the portfolio book detailing Investor benefit analysis through use of data, charts/graphs and text.
  • Extracting data that is critical for the compilation of property capital account analysis, actual/projected Investor benefits (losses and credits), and overall Fund performance summaries.
  • Accounting Functions:
  • Analysis of Capital Account as it relates to capital account balance, minimum gain recognition and the potential for reallocation of loss resulting from capital account depletion.
  • Provide assistance and knowledge as it relates to methods by which Funds can maintain capital through reallocation of loss with the objective of preserving tax credits and/or losses for the Investor.
  • Review of monthly Fund level general ledger for purposes of the accuracy in general ledger entries, as well as for updating of the Fund level capital contribution schedule, which is a component of the quarterly Investor report.
  • Review and approval of capital contribution funding requests in a timely manner and coordination with accounting to ensure compliance with Investor requirements, while also meeting expectations of developers.
  • Execution of wire transfers in response to the capital funding requests made by the Lower Tier properties.
  • Calculation/Review of lower tier 'adjuster' calculations which have direct effect on capital funding at both the Investor and property levels.
  • Review and approval of accounts payable invoicing for payment to outside vendors for services related to the administration of the lower tier properties.
  • Updating the model to include the most current financial/tax return data, impacting the preparation of the Investor portfolio review and periodic events of property re-syndication.
  • Oversee all functions performed by the Fund Analysts/Associates.
  • Proactively identify operational risks/ control deficiencies in the business
  • Review and comply with Firm Policies applicable to your business activities
  • Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions promptly.
  • What do you need to succeed?
    Candidate must possess a Bachelors of Business Administration in Finance or Accounting. Position requires two to four years in a similar role or a position building relevant skill sets in principles of partnership taxation, real estate finance, property operating budgets, financial analysis and relationship management. Preferred attributes can also include combination of Marketing/Finance degrees, MBA, CPA, understanding of IRS Sec. 42 (LIHTC) program, and supervision of exempt-level professionals. Proficiency in MS-Outlook and MS-Office applications, and excellent written communication skills are essential. Experienced presenter with superior verbal communication skills will be key to success in this role.
    What's in it for you?
    We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
  • A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
  • Leaders who support your development through coaching and managing opportunities.
  • Ability to make a difference and lasting impact.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work.
  • Opportunities to build close relationships with clients.
  • The expected salary range for this particular position is $140,000 - $160,000, depending on your experience, skills, and registration status, market conditions and business needs.
    You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
    RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
  • Drives RBC's high-performance culture
  • Enables collective achievement of our strategic goals
  • Generates sustainable shareholder returns and above market shareholder value

Job Skills
Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork
Additional Job Details
Address:
600 SUPERIOR AVENUE:CLEVELAND
City:
Cleveland
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-08-12
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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