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Are you ready for an exciting new opportunity in interest rate risk management? Be a part of this growing team working on a high profile project and have the unique opportunity to network across all areas of the bank while learning from the best in the industry! You will be assisting on the build out and BAU processing of a forecast/stress testing framework and planning system integration. The ideal candidate will have 5-7 years of experience working in banking or finance, strong technical skills, and a familiarity with balance sheet and interest rate risk reporting used to effectively analyze gaps and recommend solutions. To ensure you stand out in the crowd, friendly reminder to apply using a well tailored resume highlighting your relevant experience – we look forward to reviewing your credentials!

Supports the research and development of quantitative risk modeling methodologies and related strategies in support of managing structural market risks arising from business/group portfolios and products. Develops and implements models 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.

• Acts as a trusted advisor to assigned business/group.

• Influences and negotiates to achieve business objectives.

• Recommends and implements solutions based on analysis of issues and implications for the business.

• Assists in the development of strategic plans.

• Identifies emerging issues and trends to inform decision-making.

• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.

• Helps determine business priorities and best sequence for execution of business/group strategy.

• Conducts independent analysis and assessment to resolve strategic issues.

• Ensures alignment between stakeholders.

• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.

• Conducts independent analysis to resolve strategic issues.

• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

• Manages databases and provides support for analysis, forecasting and/or data visualization, ensuring adherence with data governance standards.

• Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.

• Provides input to the planning & implementation of structural market risk data acquisition and reporting programs.

• Documents data flow, systems and processes in data collection to improve efficiency; advances automation of processes.

• Maintains operational procedures and processes relating to data acquisition, analytical and reporting processes.

• 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 the financial market environment and model performance impacts for optimal execution of risk strategies.

• Ensures compliance with model risk and market risk governance and provides financial instrument transaction oversight.

• Works closely with businesses and corporate partners to perform enterprise wise stress testing of the bank’s Net Interest Income in support of capital adequacy assessment

• Performs analytics and reporting of economic and P&L performance of Corporate Treasury as a result of its hedging, investment and funding activities.

• Researches industry best practices with respect to structural market risk modeling and methodology

• Designs and produces regular and ad-hoc reports, and dashboards.

• Monitors and tracks changes to position and component risk metrics over reporting periods; addresses and / or escalates any issues.

• Analyzes data and information to provide insights and recommendations.

• Works with various data owners to discover and select data from internal and external sources e.g. lending system, payment system, external credit rating system.

• Applies scripting / programming skills to assemble source data into structured datasets with multiple levels of granularities e.g., demographics, customers, products, transaction.

• Applies suitable statistical techniques to perform analysis e.g., A/B testing, mathematical models, algorithms, machine learning to test, verify, refine hypotheses.

• 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 5 - 7 years of relevant experience and post-secondary degree in Finance or related field of study or an equivalent combination of education and experience.

• Professional designation in Finance or Risk management preferred.

• Strong knowledge of Excel, SQL, Power BI. Experience with Quantitative Risk Management (QRM) framework preferred.

• 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.

• 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.

Salary:

$87,000.00 - $161,400.00

Pay Type:

Salaried

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: https://jobs.bmo.com/global/en/Total-Rewards

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 https://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

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.