Market Risk Manager

Base Pay Range$100,000.00/yr - $120,000.00/yrLocation: Toronto, Ontario, CanadaBilingual IT Recruiter at Insight GlobalRequired Skills & Experience5-7+ years of relevant experience, including Treasury and ALM (asset liability management), such as analyzing risk metrics and monitoring structural market risk limits.In-depth knowledge and understanding of asset liability management and market risk management practices.In-depth knowledge of regulatory requirements.In-depth knowledge and experience with risk policy frameworks; quality control/testing frameworks.Deep knowledge and technical proficiency gained through extensive education and business experience.Post-secondary degree in a related field of study.Soft Skills RequiredStrong communication and collaboration skillsAnalytical, problem‑solving, and critical thinking abilitiesAbility to influence and challenge effectivelyIndependent and data‑driven decision‑makingNice to Have Skills & ExperienceExperience with QRM is strongly preferred (or other validation engines are an asset).Hands‑on experience with quantitative financial modelling.Knowledge of how to leverage AI and machine learning is an asset.Job DescriptionInsight Global is seeking a seasoned professional with a strong background in Treasury and ALM, ideally with QRM experience to join a top bank in downtown Toronto. This role offers a unique opportunity to work in a challenging area that connects ALM to the broader balance sheet, highlighting why ALM truly matters.This team is responsible for providing effective challenge, independent oversight, reporting, and monitoring of structural market risk in the Banking Book. This individual will provide market risk oversight, monitoring, and reporting for a designated portfolio. You will develop and monitor the market risk management framework that includes the governance framework and practices leveraged across BMO to manage market risk. You will provide policies and standards, methodologies, and controls to increase transparency, accuracy and consistency across groups. This role requires someone who can work with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio to ensure compliance and effective monitoring, timely reporting and identification of action plans.Day‑to‑Day Responsibilities IncludeAnalyze the risk metrics (Economic Value of Equity, PV01, Earnings at Risk…) from modelling, interest rate, and balance sheet changes/movements.Responsible for the monitoring Structural Market Risk limits set by the bank as a second line of defense function. Deviations and excesses from Structural Market Risk limits require investigation and sign‑off from executives.Prepare presentations and materials on Structural Market Risk position to be discussed at committee meetings comprised of senior leaders of Market Risk and Corporate Treasury for strategic discussions.Act as a trusted advisor to assigned business/group.Influence and negotiate to achieve business objectives.Recommend and implement solutions based on analysis of issues and implications for the business.Assist in the development of strategic plans.Identify emerging issues and trends to inform decision‑making.Research existing or emerging requirements & related best practices to assist and develop recommendations for changes/enhancements.Assist with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.Help determine business priorities and best sequence for execution of business/group strategy.Conduct independent analysis and assessment to resolve strategic issues.Lead the development and maintenance of the governance system and framework.Support development and execution of strategic initiatives in collaboration with internal and external stakeholders.Ensure alignment between stakeholders.Represent the risk program / governance structure during internal/external regulatory audits and/or examinations.Coordinate the management of databases; ensure alignment and integration of data in adherence with data governance standards.Build change management plans of varying scope and type; lead or participate in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.Lead or participate in defining the communication plan designed to positively influence or change behaviour; develop tailored messaging; and identify appropriate distribution channels.Guide/assist in the identification and classification of issues; recommend action plans.Lead and integrate the monitoring, measurement & reporting on the status of the market risk governance program to internal & external stakeholders.Lead the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.May provide specialized support for other internal and external regulatory requirements.Provide input into the planning and implementation of ongoing operational programs in support of the market risk framework.Lead/participate in the design, implementation and management of core business/group processes.Administer and maintain the market risk monitoring and control program activities in adherence to all policies, procedures and established processes.Review new business initiatives and monitor existing initiatives to identify potential risk situations/impacts; make recommendations or escalations to the manager, as per guidelines.Monitor the financial market environment and market risk model performance impacts for optimal execution of risk strategies.Independently administer and evaluate models, model assumptions, and key metrics used for the measurement of market risk for adherence to all policies and procedures applicable to the transaction based on established processes; document and report results of evaluations on an individual and summary basis.Identify where corrective actions are required and escalates per guidelines; ensure corrective action is taken as necessary.Provide advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.Coordinate and participate in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures.Consult with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.Support the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management, education and training assessments.Develop and maintain in-depth knowledge of business and related risk management requirements and legislative/regulatory directives and guidance.Build effective relationships with internal/external stakeholders.Ensure alignment between stakeholders.Analyze data and information to provide insights and recommendations.Monitor and track performance; address any issues.Coordinate and monitor the review and sign‑off of regulatory reporting and attestations.Focus is primarily on business/group within BMO; may have broader, enterprise‑wide focus.Provide specialized consulting, analytical and technical support.Exercise judgment to identify, diagnose, and solve problems within given rules.Work independently and regularly handles non‑routine situations.Broader work or accountabilities may be assigned as needed.Seniority LevelMid‑Senior levelEmployment TypeFull‑timeJob FunctionManagementIndustriesBanking #J-18808-Ljbffr