Manager - Counterparty Credit Risk Capital

5 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. #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.

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