Manager , Market Risk Oversight - Prime

2 weeks ago


Toronto, Canada BMO Financial Group Full time

100 King Street West Toronto Ontario,M5X 1A1

Provides market risk oversight, monitoring, and reporting for Prime Finance portfolios and activities. Develops and monitors the market risk management framework that includes the governance framework and practices leveraged across BMO to manage market risk. Provides policies and standards, methodologies, and controls to increase transparency, accuracy and consistency across groups. Works 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.
- 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.
- Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
- Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
- Helps determine business priorities and best sequence for execution of business/group strategy.
- Conducts independent analysis and assessment to resolve strategic issues.
- Leads the development and maintenance of the governance system and framework.
- Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
- Ensures alignment between stakeholders.
- Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
- Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.
- 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.
- Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.
- Guides/assists in the identification and classification of issues; recommends action plans.
- Leads and integrates the monitoring, measurement & reporting on the status of the market risk governance program to internal & external stakeholders.
- Leads 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.
- Provides input into the planning and implementation of ongoing operational programs in support of the market risk framework.
- Leads/participates in the design, implementation and management of core business/group processes.
- Administers and maintains the market risk monitoring and control program activities in adherence to all policies, procedures and established processes.
- Reviews new business initiatives and monitors existing initiatives to identify potential risk situations/ impacts; makes recommendations or escalates to the manager, as per guidelines.
- Monitors the financial market environment and market risk model performance impacts for optimal execution of risk strategies.
- Independently administers and evaluates 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; documents and reports results of evaluations on an individual and summary basis.
- Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
- Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.
- Coordinates and participates 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.
- Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
- Supports the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management, education and training assessments.
- Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
- Builds effective relationships with internal/external stakeholders.
- Ensures alignment between stakeholders.
- Analyzes data and information to provide insights and recommendations.
- Monitors and tracks performa



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