Manager, Structural Market Risk Oversight

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Our ideal candidate has a background with Treasury and ALM combined with experience with QRM, and a background in math and finance. This is a very interesting and challenging area where you are able to see the connection between ALM and the rest of the balance sheet and see why ALM truly matters.

BMO's Structural Market Risk Oversight team is responsible for providing effective challenge, independent oversight, reporting, monitoring of structural market risk in the Banking Book. Our ideal candidate has Asset Liability Management (ALM) experience with academic background in math and finance.

The US regional banking crisis in 2023 has underscored the importance of ALM. In this role, you will be able to understand how the Bank manages its interest rate risk and provide effective challenge on existing modelling assumptions and strategies. You will work closely with stakeholders across Risk and Finance and observe the connections between various Treasury Risk functions (ALM, Funds Transfer Pricing, Capital, Liquidity & Funding).

Specifically, the responsibilities of the role include:

• Analyzes the risk metrics (Economic Value of Equity, PV01, Earnings at Risk…) from modelling, interest rate, and balance sheet changes/movements.
• Monitors 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.
• Reviews and challenges models and non-model assumptions
• Prepares presentations and materials on structural market risk position to be discussed at committee meetings comprised of senior leaders of Market Risk and Corporate Treasury
• Supports audit and regulatory findings remediation efforts
• Conducts research and develops tools that use data to make better decisions
• Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
• Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.
• Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.
• Conducts quantitative research in risks across strategies and portfolios.
• Works independently and regularly handles non-routine situations.

Qualifications:

Foundational level of proficiency:

• Regulatory capital and stress testing.
• Compliance and regulation.
• Machine learning.
• Learning Agility.
• Systems Thinking.

Intermediate level of proficiency:

• Asset liability management
• Model risk management.
• Data management.
• Critical thinking.
• Driving Results.
• Verbal & written communication skills.
• Collaboration & team skills.
• Analytical and problem solving skills.
• Data driven decision making.

Advanced level of proficiency:

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

Please note this position has a hybrid working model. The successful candidate is required to work both in the Toronto office (First Canadian Place) and virtually.

Salary:

Pay Type:

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: 

About Us

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 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.