Manager, Structural Market Risk

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WORKING CONDITIONS

• This role has a hybrid mandate: 2-3x /week in-office.
• Standard office environment
• Fast pace with tight deadlines
• Overtime and some stress during peak periods

Support the analytics of the bank's structural balance sheet to ensure interest rate risk is properly measured, timely monitored, risk drivers well understood and explained to various stakeholders including senior management and external stakeholders. Support the execution of the attribution of interest rate risk by various risk drivers. Designs dashboards and analyses to be performed, and appropriate visualization and analytics tools to use. Understands the analytical results and be able to make recommendations as well as able to implement the right assumptions for various banking products to ensure best practice of modeling for risk associated with these products. Works with other risk, data and analytics professionals to optimize, refine, automate and scale analysis into repeatable analytics solutions and decision support tools, to ensure market risk in banking products are properly measured and support effective risk management practices. Works with internal and external stakeholders to ensure market risks are properly identified and understood with supporting models and strategies successfully implemented.

• Develops analytical solutions, models and methodologies used to manage risks related to the Bank's portfolios and products e.g. valuations; hedging strategies, customer behaviour models, performance measurement, etc.
• Monitors and tracks changes to position and component risk metrics over reporting periods; addresses and / or escalates any issues.
• Builds various reporting dashboards using the most appropriate data extraction, data cleaning and data visualization techniques.
• Researches industry best practices with respect to structural market risk modeling and methodology
• Designs and produces regular and ad-hoc reports, and dashboards.
• Analyzes data and information to provide insights and recommendations.
• Applies suitable statistical techniques to perform analysis e.g., A/B testing, mathematical models, algorithms, machine learning to test, verify, refine hypotheses.
• Provides value through insights, reporting and data visualization techniques. Selects, configures and implements analytics solutions for consistency and repeatability.
• Researches and applies continuous improvement in data visualization by identifying trends and patterns to transform raw data into actionable business insights.
• Works with different teams, management and stakeholders to enhance the usability and aesthetic appeal of data analytics solutions deployed in the organization.
• Translates business needs to technical specifications and evaluates existing data visualization systems in order to improve them.
• Develops data visualizations of "large" amounts of data that facilitate the intuitive presentation of data to decision makers.
• Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.
• Develops tools and delivers training programs for use of reporting tools and self-serve analytics by non-analytical end users; may include delivery of training to audiences.
• Collaborates with internal and external stakeholders to deliver on business objectives including third party suppliers.
• Builds effective relationships with internal/external stakeholders.
• Participates in the design, implementation and management of core business/group processes.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 3 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Professional designation in Finance or Risk management preferred.
• BSC (Math, Stats, Engineering, Computer Science), Master degree in quantitative Finance/Mathematics/Science/Engineering or other quantitative disciplines and/or equivalent experience preferred.
• Strong knowledge of Excel, Access, SQL, VBA.
• Working experience in a Finance environment with exposure to one or more of the following:
  • Risk management, financial market products and pricing, Balance Sheet / Asset Liability management.
• In-depth knowledge of quantitative modelling including understanding of statistics, risk and financial metrics.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Solid experience and good understanding of bank structure and risk management concepts.
• In-depth knowledge of mathematical and statistical methodologies used in financial engineering (e.g. Monte Carlo methods, option valuation models, regression and calibration techniques etc.)
• Understanding of interest rate risk and liquidity risk management is an asset
• Understanding of QRM is an asset
• Designation of CFA, FRM is an asset
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.
• Data storytelling and visualization – intermediate level proficiency

Salary :

Pay Type:

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: 

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.