Counterparty Credit Risk Lead

6 days ago

Old Toronto, Ontario, Canada BMO Financial Group Full time
About the Role

We are seeking a highly skilled Risk Management Specialist to join our team at BMO Financial Group. As a Counterparty Credit Risk Lead, you will play a critical role in providing production and end-user support and governance for the risk technical platform and system environment.

Key Responsibilities
  • Provide Technical Support: Offer production and end-user support and governance for the risk technical platform and system environment.
  • Oversee System Changes: Plan, maintain, and change manage risk system strategies, process changes, system parameter changes, production schedules, and operational tasks.
  • Collaborate with Stakeholders: Work with trading, line of business, risk oversight, analytic, model team, and operations to ensure proper handling of trades in Counterparty Credit Risk systems.
  • Implement Changes: Propose and implement changes to facilitate new business by providing requirements based on system need, participating in upstream initiative meetings, and organizing/coordinating the SIT/UAT required.
  • Investigate System Issues: Provide assistance and guidance on investigations related to system level issues identified, help to review the issues, and follow the process to facilitate fixes needed based on priorities assigned.
  • Develop Business Specifications: Draft, maintain, and improve the business specification, develop system implementation, and monitor implementation against agreed timelines.
  • Financial Product Knowledge: Possess exceptional financial product knowledge, including OTC Derivatives and Security Financing Transactions.
  • Programming Skills: Have excellent programming skills, including Python platform.
  • Leadership and Collaboration: Lead interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
  • Performance Management: Improve team performance, recognize and reward performance, coach employees, support their development, and manage poor performance.
  • Strategic Planning: Assist in the development of strategic plans, identify emerging issues and trends to inform decision-making, and research existing or emerging requirements and related best practices.
  • System Management: Support the planning and execution of system management infrastructure planning and development activities for a designated portfolio.
  • Regulatory Compliance: Represent the risk systems management function during internal/external regulatory audits and/or examinations.
  • Change Management: Build change management plans of varying scope and type, lead or participate in a variety of change management activities, and guide/assist in the identification and classification of issues.
  • Data Management: Collaborate with internal and external stakeholders to deliver on business objectives, build effective relationships with internal/external stakeholders, and monitor and track performance and address any issues.
Qualifications
  • Typically between 5 - 8 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • In-depth knowledge of risk system management concepts and applications.
  • In-depth knowledge and experience with risk policy frameworks, quality control/testing frameworks, and omics.
  • Experience with Counterparty Credit Risk systems.
  • Knowledge of Python platform.
  • Knowledge of FDS and/or FRM.
  • Deep knowledge and technical proficiency gained through extensive education and business experience.
  • Verbal and written communication skills - In-depth.
  • Collaboration and team skills - In-depth.
  • Analytical and problem-solving skills - In-depth.
  • Influence skills - In-depth.
  • Data-driven decision making - In-depth.
Compensation

The salary for this role is $138,600.00 per year, and the pay type is Salaried.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards.

BMO is committed to an inclusive, equitable, and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process.

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