Manager - Counterparty Credit Risk Capital

1 day ago

Toronto, Canada BMO Financial Group Full time

250 Yonge Street Toronto Ontario,M5B 2L7

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs

**MANDATE**:
Manage and oversee daily operations and system enhancements, effectively check the operational processes are conducted timely and completely. Ensure the exposure metrics are generated timely and reasonably accurate for the downstream systems, e.g. Large Exposure, OSFI Top 100 reporting. Ensure that the CCR capital is in full compliance with regulatory requirement. Identify opportunities for, and lead the enhancement for capital methodologies for quantifying counterparty credit risk capital across all trading products so that the accuracy and reliability of capital and consequent business decisions reliant upon these data are enhanced.

KEY ACCOUNTABILITIES
- Manage the business processes to ensure proper controls are in place and executed appropriately.
- Review the tool implementation for, and perform, driver analysis for the capital changes based on production operations
- Interpret the regulatory requirement and perform Self-Assessment Process (SAP) to ensure full compliance
- Provide managerial leadership to the senior analysts in the team
- Coordinate business operational processes with internal and external stakeholders
- Translate the business solutions into technical requirement, i.e. write business requirements
- Support the implementation process, and provide seamless communication with technology developers
- Support the creation of the test plan including the test scenarios and sample data to support the testing scenarios
- Identify issues and propose solutions
- Analyze the test result and communicate the result to senior management
- Document procedures, control processes, and policies relevant to internal controls

**CROSS-FUNCTIONAL RELATIONSHIPS**:

- Technology & Operations;
- Corporate Risk Management directors and managers;
- Capital Markets Trading Lines of Business
- Credit Portfolio Managers and Account Managers
- External system software vendors
- Model Validation
- Market Risk internal teams - infrastructure, process and governance, etc.

**ROLE DIMENSIONS**:
This role has direct or in-direct impact on the following financial measures:

- Regulatory capital ;
- Economic and regulatory capital;
- Counterparty credit risk exposure measurements;

**KNOWLEDGE AND SKILLS**:
Describe the knowledge and skills required for successful performance. Refer to the Role Definition Guide for definitions.

**_ Must-Have Skills: _**
- 3+ years of related work experience in a financial institution
- Strong knowledge with financial products, specifically possessing knowledge of derivatives (**OTC)** as well as **SFT**
- Strong Experience working with **BASEL III and OSFI CAR Guideline**
- Strong Experience with **CCR, CCR Capital (**CEM, SA-CCR) is a MUST
- Experience on **BCAR**
- Advanced knowledge of Excel, VBA, SQL, Database Concepts
- Advanced Python programming experience
- Participation in mid-scale/large IT development projects, with hands-on experience in conducting testing
- Strong capability of writing business requirement and test plans
- Strong capability of creating mock-up data required to test the pre-specified cases

**_ Nice-to-Have Skills: _**
- Broad understanding of risk management methodologies
- Experience in using work tracking systems (e.g. JIRA, HPQC) would be an advantage
- Experience in an Agile and fast-paced environment

**_ Soft Skills_**:

- ** Strong analytic and troubleshooting skill**s with a solution oriented attitude
- ** Self-motivated and take ownership**
- Good self-organization skills including planning, scheduling, managing priorities and meeting deadlines
- Good oral and written **communication skills**.
- Strong interpersonal skills and ability to function effectively within a team, and work with multiple stakeholders.
- Curios, dynamic, focused, proactive, **detail-oriented**

**_ Educational _**_Requirements/Professional_**_ Certifications: _**
- Advanced university degree, preferably in a quantitative field, such as Mathematics, Statistics, Science or Engineering.
- CFA, FRM, PRM designation or working towards one of those or similar ones would be an asset

**Salary**:
$81,600.00 - $151,200.00

**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.

**About Us**

At BMO we a

  • Analyst - Counterparty Credit Risk

    7 months ago

    Toronto, Canada TD Bank Full time

    **Analyst - Counterparty Credit Risk**: - 418301BR **Job Category - Primary** - Risk Management **Work Location** - TD Centre - TD Tower - 66 Wellington Street West **Employment Type** - Regular **City** - Toronto **Time Type** - Full Time **Province/State** - Ontario **Hours** - 37.5 **Workplace Model** - Hybrid **Pay Details** **Department...

  • Manager - Counterparty Credit Risk Capital

    6 months ago

    Toronto, Canada BMO Financial Group Full time

    250 Yonge Street Toronto Ontario,M5B 2L7 If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture....

  • Manager, Counterparty Credit Risk

    1 month ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** The Counterparty Credit Risk Exposure Monitoring - Issuer, Settlements & Pre-settlement Risk Team is part of the larger Counterparty Credit Risk Exposure Monitoring (CCREM) within Group Risk Management. The team has primary responsibility for monitoring, evaluating, and reporting credit & settlement risk exposures stemming from Capital...

  • Risk Manager, Counterparty Credit Risk

    6 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** Counterparty Credit Risk (CCR) is responsible for providing risk oversight of RBC’s trading activities including (but not limited to) counterparty exposure measurement and monitoring, bespoke transaction adjudication and approval, portfolio risk analysis and reporting. As Risk Manager in the Counterparty Credit Risk Exposure Monitoring...

  • Director, Market, Counterparty Risk, Model and

    2 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** The Director, Market, Counterparty Credit, Liquidity and Model Risk Policy will provide senior level advice and support for the provision of governance and risk oversight with responsibility for the development, maintenance and communication of market, counterparty credit, liquidity and model risk as well as other relevant risk policy...

  • Manager, Counterparty Credit Risk

    3 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 207898 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Excited about creating a safer financial world by using your data, analytics, and modelling skills? - Join us! As the Market Risk Measurement (MRM) team, we are an established leader in risk methodologies with many awards and...

  • Associate Director, Counterparty Credit Risk Analytics

    3 weeks ago

    Toronto, Canada RBC Full time

    Job Summary Responsible for the conceptual design, development, and ongoing maintenance of the mathematical models used for the measurement and capitalization of the counterparty credit risk of RBC's derivative portfolio. This includes ensuring that the model's underlying methodologies are appropriate and that they are implemented with integrity, to...

  • Counterparty Credit Risk Analytics Expert

    2 weeks ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Company Overview">Royal Bank of Canada is a leading financial institution that values innovation and growth. We strive to build inclusive teams and create an equitable workplace where employees can bring their true selves to work.We are committed to tackling issues of inequity and systemic bias to support our diverse talent, clients, and communities.About...

  • Associate Director, Counterparty Credit Risk Analytics

    3 weeks ago

    Toronto, Canada RBC Full time

    Job Summary Responsible for the conceptual design, development, and ongoing maintenance of the mathematical models used for the measurement and capitalization of the counterparty credit risk of RBC's derivative portfolio. This includes ensuring that the model's underlying methodologies are appropriate and that they are implemented with integrity, to...

  • Manager, Counterparty Credit Risk

    4 months ago

    Toronto, Canada BMO Financial Group Full time

    250 Yonge Street Toronto Ontario,M5B 2L7 Provides production and end-user support and governance for the risk technical platform and system environment that supports risk data & control structures (e.g. process controls, user access controls, data integrity controls) to enable risk processes and operations. Supports and oversees the planning, maintenance...

  • Manager, Ccr Capital Analytics

    1 month ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 210115 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. As part of Global Risk Management, Market Risk Measurement team delivers reporting, analytics and insights to the Bank’s non-retail business lines. The Counterparty Credit Risk (CCR) Capital analytics team specializes in...

  • Business Analyst- Risk Management, Capital Markets

    2 months ago

    Toronto, Canada Atlantis IT group Full time

    **Role**: Business Analyst - Risk Management, Capital Markets - Risk **Location**: Toronto, ON **Duration**: Long Term 1. Experience with Pricing Strategies and Models, OTC Derivatives pricing, P&L Reporting & Attribution, XVA and Risk, and Counterparty credit risk (CCR) & Credit Valuation Adjustment (CVA) capital is strongly preferred. 2. Experience in...

  • High-Risk Credit Analyst

    2 weeks ago

    Old Toronto, Canada TD Bank Full time

    We are seeking a skilled High-Risk Credit Analyst to join our team at TD Bank.Job DescriptionThe Senior Market Risk Analyst plays a key role in the establishment and rollout of credit analytics across The Bank. This position provides ad-hoc support to Front Office and Credit Management to facilitate trading of existing and new products.Review daily...

  • Associate - Credit Risk

    6 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** Group Risk Management-Wholesale Credit Risk (GRM - WCR) group is responsible for assessing credit exposures of trading and lending activities for complex Capital Markets transactions; coverage is organized by geography and aligned by industry. The GRM - WCR Funds team manages exposure to North American Investment Managers and Fund...

  • Credit Exceptions Risk Analyst

    7 months ago

    Toronto, Canada TD Bank Full time

    **Work Location**: Toronto, Ontario, Canada **Hours**: 37.5 **Line of Business**: TD General **Pay Details**: **Department Overview** **The Capital Markets Risk Management (CMRM) area is part of the TD Bank Corporate Risk Management function. Our teams are accountable for the generation and monitoring of an independent view of the Profit and Loss, Market...

  • Associate - Group Risk Management, Wholesale Credit

    3 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** Group Risk Management-Wholesale Credit Risk (GRM - WCR) group is responsible for assessing credit exposures of trading and lending activities for complex Capital Markets transactions; coverage is organized by geography and aligned by industry. The GRM - WCR Funds team manages exposure to North American Investment Managers and Fund...

  • Risk Manager, Counterparty Credit Risk Portfolio Analysis

    3 weeks ago

    Toronto, Canada RBC Full time

    Job Summary Job Description What is the opportunity? Reporting to the Director, Counterparty Credit Risk (CCR) Portfolio Analysis Group, the incumbent is responsible for providing timely analysis to aid in the management of counterparty credit risk exposures and providing quantitative support in the transaction credit adjudication process. What will you...

  • Capital Markets Manager

    7 months ago

    Toronto, Canada Wealthsimple Full time

    Your career is an investment that grows over time!Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology, we take financial services that are often confusing, opaque and expensive and make them transparent and low-cost for everyone. We’re the largest fintech company...

  • Risk Manager, Counterparty Credit Risk Portfolio Analysis

    3 weeks ago

    Toronto, Canada RBC Full time

    Job SummaryJob Description What is the opportunity?Reporting to the Director, Counterparty Credit Risk (CCR) Portfolio Analysis Group, the incumbent is responsible for providing timely analysis to aid in the management of counterparty credit risk exposures and providing quantitative support in the transaction credit adjudication process.What will you...

  • Delivery Lead

    3 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 206033 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **The Team** As part of the Global Risk Technology team, the Delivery Manager is responsible for the management of the set of the IT projects and IT run the bank initiatives to serve and support the Global Market and Counterparty...