Risk Management Specialist

As a key member of our team, you will play a critical role in developing and implementing an enterprise-wide intraday liquidity management framework to optimize risks and maximize risk-adjusted profitability. Your expertise will be essential in measuring, analyzing, and overseeing the Bank's global regulatory and internal intraday liquidity risks arising from business/group business activities.

In partnership with assigned business/portfolio, you will develop a solid understanding of business strategies and in-depth product, market, and regulatory knowledge across all retail, commercial, and trading products and their impact on liquidity risk. You will advise on intraday liquidity and funding risk mitigation, product development, and optimization.

Your responsibilities will include:

• Recommending and implementing intraday liquidity solutions based on analysis of issues and implications for the business.
• Supporting the development and execution of Enterprise's intraday liquidity risk management strategy for executive and Board approval in collaboration with Market Risk Management to recommend intraday liquidity-related risk appetite limits.
• Developing processes to identify, measure, and manage liquidity and funding risks in conjunction with Market Risk Management, businesses, and other Finance areas.
• Acting as a trusted advisor to assigned business/group on liquidity and funding matters including recovery and resolution planning.
• Developing and maintaining the model and assumption framework used to measure liquidity and funding risk and recommending changes.
• Identifying emerging issues and trends to inform decision-making and understand risk drivers.
• Recommending and implementing solutions based on risk assessments, analysis of issues, and implications for the business.
• Acting as liaison between stakeholders including industry specialty groups and regulators to align agendas, ensure a clear understanding of the business context, and advocate the Bank's position on market or regulatory developments.
• Monitoring performance of liquidity stress testing processes and addressing any issues.
• Providing input into the planning and implementation of liquidity and funding risk modeling activities and programs.
• Integrating information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
• Gathering and formatting data into regular and ad-hoc reports, and dashboards.
• Monitoring and tracking balance sheet usage, and addressing any issues.
• Designing and producing regular and ad-hoc reports, and dashboards.
• Analyzing data and information to provide insights into business product pricing and funds transfer pricing processes.
• Supporting development and execution of liquidity and funding-related strategic initiatives in collaboration with internal and external stakeholders.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Providing specialized consulting, analytical and technical support.
• Exercising judgment to identify, diagnose, and solve problems within given rules.
• Working independently and regularly handling non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Requirements:

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Strong knowledge and technical proficiency gained through education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Compensation: $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.

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 also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: Total Rewards.

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.

To find out more visit us at BMO Careers.

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. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we're focused on building, investing and transforming how we work to drive performance and continue growing the good.

Who we are

We're proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we'll continue to build, invest and transform to drive performance that serves the good that grows.