Internship In Finance Jobs in Ontario (NOW HIRING)

PhD Internship

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.

About the Position
The internship offers flexible timing and typically lasts up to four months. During this period, you will advance your dissertation research while actively showcasing and promoting your work across the Bank and gaining opportunities to apply your insights to real-world challenges.

In addition to pursuing your own research agenda, you may contribute to aligned research, and projects at the that support analysis and policy development across core functions such as monetary policy, the financial system, currency, funds management, and retail payment supervision.  The allocation between research and project work during the internship will be tailored to each candidate, ensuring an experience that is mutually rewarding and aligned with both the intern's development and the team's objectives.

Throughout the internship, you will collaborate with internal and external peers (including Bank researchers and visiting academic who are leading experts in economics and finance) to exchange ideas, research insights, and analytical approaches that strengthen your work, while expanding your expertise and professional network. 

Eligibility
Candidates must be Canadian citizens or Permanent Residents and should have passed their comprehensive examinations and are expected to be in good standing in their PhD program.  

Key Requirements
Your application will be assessed against the criteria outlined below. Please submit:

• A cover letter explaining how your research, experience, and interests align with the Bank's mandate;
• Your curriculum vitae;
• An extended abstract or an early draft of at least one dissertation paper or chapter;
• A letter of recommendation from your advisor supporting your application.

Primary Qualifications
Excellent written communication
Demonstrated ability to produce clear, well-structured, and analytically sound written work-such as research papers, reports, and professional correspondence-that effectively informs and influences the intended audience.

Exceptional research, collaboration and analytical skills
Strong ability to analyze complex economic and financial issues using empirical methods, modelling techniques, or a combination of both. Contribute to ongoing research projects that address key central bank priorities.

Adaptable to new ways of working
Possess the skills and interest to leverage AI and other technologies for efficiency and innovation. Comfortable with change and embraces continuous learning, to respond effectively to emerging challenges and enhance analysis and results.

Aligned research focus
Active research, experience, or interest in one or more of the following areas:

• Macroeconomics and Monetary Economics
• Banking and Payment Systems
• International Economics
• Global Commodity Markets
• Financial Economics
• Financial Markets and Institutions
• Labour and Demographic Economics
• Mathematical and Quantitative Methods
• Industrial Organization
• Law and Economics

Assets
Experience in presenting research at conferences, events and meetings

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. Although the position language requirement is English or French essential, we do encourage everyone to improve second their language proficiency for future career growth and to contribute towards fostering a bilingual environment.

What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team.

• The internship offers a compensation of $6,532 per month.

Additional information

• Security level required: Be eligible to obtain Reliability 
• There will be no relocation assistance provided 

Remote Work / 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 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. For this position, should you not live within reasonable commuting distance of the office, you will be able to work 100% remote (within Canada). (for the duration of this term). 

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