Manager, Regulatory Capital

2 weeks ago


Toronto, Canada BMO Financial Group Full time

100 King Street West Toronto Ontario,M5X 1A1

**60% Regulatory Capital Analytics**
- Conduct timely and accurate analysis of the monthly enterprise regulatory capital submissions focusing on both Internal Rating Based (IRB) risk weighted assets (RWA) and Standardized RWA for the Basel capital floor, with particular emphasis on lending portfolios.
- Produce regular and ad-hoc reports to explain period over period changes in RWA. Engage and communicate with Business, Risk, Finance and Technology partners to identify major drivers of the changes and lead execution of both short term and permanent solutions.
- Assist in evaluation and optimization of the existing operational methods and workflows to increase efficiency and effectiveness.
- Review and assess changes to regulatory capital related business requirements, risk capital models and corresponding solution documents. Perform User Acceptance Testing on implementation and RWA impact analysis.
- Work with other teams in Risk such as Stress Testing and Portfolio Management and perform capital impact analysis under stressed scenarios.
- Perform peer capital analysis including understanding of differences in portfolio characteristics.

**20% Capital Related Projects**
- Lead and execute projects on RWA refinement and optimization as needed. Identify the correct and optimal capital treatment of lending products by referencing the relevant regulatory guidelines. Discuss analysis with stakeholders and obtain concurrence from approvers. Drive the final implementation by working with partners across the bank.

**20% Regulatory Support**
- Keep abreast of Basel regulations as well as the internal regulatory processes to assist the implementation of new regulations.
- Participate in ongoing OSFI quantitative impact studies and provide analytical support to Risk and Finance partners.
- Interpret regulatory capital policies and identify key regulatory initiatives to advise Lines of Business and capital reporting functions on appropriate regulatory interpretations.

**Qualifications**
- Undergraduate degree in a quantitative discipline preferably accompanied by a relevant professional designation (e.g. MBA, CFA, FPM, PRM) or equivalent business experience.
- Knowledge of SAS and SQL, database querying and programming experience is required.
- 3+ years business experience at a financial institution in credit risk or capital management is preferred.
- Knowledge of Basel capital rules, in particular, Standardized and Internal Rating Based (IRB) approaches for credit risk.
- Strong quantitative skills.
- Excellent analytical skills.
- Excellent communication skills both written and verbal.
- Excellent working knowledge of Microsoft Office software (Excel, Word, PowerPoint, PowerBI).

**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.

**We’re here to help**

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.



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