Structural Market Risk Oversight Manager

Structural Market Risk Oversight Manager

Contract-to-Hire
: 6 months then converting permanent

Hybrid
: 3 days on-site - Toronto, ON

Rate:
$80-90/hr

Required Skills & Experience

• 5-7+ years of relevant experience, including Treasury and ALM (asset liability management), such as analyzing risk metrics and monitoring structural market risk limits.

• In-depth knowledge and understanding of asset liability management and market risk management practices.

• In-depth knowledge of regulatory requirements.

• In-depth knowledge and experience with risk policy frameworks; quality control/testing frameworks.

• Deep knowledge and technical proficiency gained through extensive education and business experience.

• Post-secondary degree in a related field of study.

Soft Skills Required:

• Strong communication and collaboration skills

• Analytical, problem-solving, and critical thinking abilities

• Ability to influence and challenge effectively

• Independent and data-driven decision-making

Nice to Have Skills & Experience

• Experience with QRM is strongly preferred (or other validation engines are an asset).

• CFA designation preferred.

• Hands-on experience with quantitative financial modelling.

• Knowledge of how to leverage AI and machine learning is an asset.

Job Description

Insight Global is seeking a seasoned professional with a strong background in Treasury and ALM, ideally with QRM experience to join a top bank in downtown Toronto. This role offers a unique opportunity to work in a challenging area that connects ALM to the broader balance sheet, highlighting why ALM truly matters.

This team is responsible for providing effective challenge, independent oversight, reporting, and monitoring of structural market risk in the Banking Book. This individual will provide market risk oversight, monitoring, and reporting for a designated portfolio. You will develop and monitor the market risk management framework that includes the governance framework and practices leveraged across BMO to manage market risk. You will provide policies and standards, methodologies, and controls to increase transparency, accuracy and consistency across groups. This role requires someone who can work 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.

Day-to-Day Responsibilities:

• Analyze the risk metrics (Economic Value of Equity, PV01, Earnings at Risk…) from modelling, interest rate, and balance sheet changes/movements.

• Responsible for the monitoring Structural Market Risk limits set by the bank as a second line of defense function. Deviations and excesses from Structural Market Risk limits require investigation and sign-off from executives.

• Prepared presentations and materials on Structural Market Risk position to be discussed at committee meetings comprised of senior leaders of Market Risk and Corporate Treasury for strategic discussions

• 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 performance; addresses any issues.

• Coordinates and monitors the review and sign-off of regulatory reporting and attestations.

• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.

• Provides specialized consulting, analytical and technical support.

• Exercises judgment to identify, diagnose, and solve problems within given rules.

• Works independently and regularly handles non-routine situations.

• Broder work or accountabilities may be assigned as needed.