Manager, Risk Measurement and Reporting

MANDATE
This role has a hybrid mandate: 2-3x /week in-office.

The Manager, Risk Measurement and Reporting, is accountable to execute, monitor and improve the procedures of daily/weekly/monthly data acquisition and report generation of the Bank's structural balance sheet risk metrics. The Manager also works with various project teams toward full automation of data input processes in coordination with the Technology and Operations division. Once fully automated, the Manager will be responsible for the research and development of an auto-checking framework, which can be used in explaining changes to position and component risk statistics. This role also recommends continuous improvement opportunities in data quality, data completeness and escalates potential operational risk issues. The Manager will also allocate work to, and review the work performed by the Sr Analyst in the group.

Key Areas Of Accountabilities

• Relationship Management
• Functional Expertise & Advisory
• Continuous Improvement
• Governance & Control
• Relationship Management
• Support other teams within SMR in the preparation data for processing within the QRM risk engine and conveying clear advisement of data change impacts
• Support model development groups in providing feedback on the implementation of models within the QRM risk engine and conveying clear advisement of system capabilities
• Support Balance Sheet Management group by providing daily, weekly and monthly risk statistics used in implementing hedging strategies
• Interacting with Technology and Operations to resolve processing problems as they occur and to implement changes as they rise
• Interacting with FTP, Liquidity & Funding Management, and Corporate Funding groups to coordinate efforts in the joint sourcing of data in Corporate Treasury
• Interacting with Chief Accounts Group to obtain information necessary to resolve problems due to a lack of data completeness
• Functional Expertise & Advisory
• Build and maintain data derivation/aggregation logic in QRM MR database and ETL logic in QRM risk engine where required
• Execute processes required to generate risk statistics in the QRM risk engine
• Development of Business Managed Applications in Excel or Access where necessary to improve efficiencies in processing and presentation
• Review and analyze day over day, week over week, and month over month position changes
• Review and analyze compliance and risk reports on daily, weekly and monthly basis
• Continuous Improvement
• Recommendations for the continuous improvement of SMR processes and procedures within the scope of the work team and participate in the planning and implementation of projects. Take actions and steps towards moving to standardized processes.
• Develop and maintain auto-checking, forecasting and performance measurement tools to effectively support the business.
• Implementation of changes to existing portfolio and financial reports to develop best risk and reporting practices.
• Identify opportunities to improve efficiencies and improve controls within the department by assisting in regular process reviews.
• Governance & Control
• Ensure that daily, weekly, monthly compliance reporting is timely and accurate.
• Develop and maintain standards and processes to ensure consistency in reporting.
• Maintain a current knowledge of accounting, governance and regulatory requirements including BCBS 239 and communicate the potential impacts and resolution of new requirements to the Senior Manager and disseminate issues to business partners as directed.
• Provide support for internal, external and regulatory audits by providing documentation and information.
• Escalate complex issues as appropriate.

CROSS-FUNCTIONAL RELATIONSHIPS

• FTP Group
• Balance Sheet Management Group
• Liquidity & Funding Group
• Technology & Operations (T&O)
• Corporate Funding Group
• Chief Accountant's Group (CAG)
• Internal Auditors

Knowledge And Skills
Knowledge:

• BSC (Math, Engineering, Computer Science), BA (Economics, Commerce), MBA (Finance), Master degree in Finance Mathematics or Financial Risk Management, or equivalent
• 5+ years of experience in a technology role, with 3-5 years of experience in a finance environment
• Extensive SQL querying skills; development background preferred
• Excellent knowledge of Excel, Access, SQL, VBA, Cognos Impromptu
• Understanding of the Bank's retail and wholesale products
• Understanding of financial market instruments, including derivative products, and pricing
• Understanding of interest rate risk and liquidity risk management is an asset
• Knowledge of financial modeling
• Knowledge of customer behavior modeling
• Knowledge of QRM is preferred
• Experience in working with multiple stakeholders across different organizational groups
• Designation of CFA, FRM is an asset

Skills:

• Strong technology and information system skills
• Excellent organizational and analytical skills
• Strong project and process management skills
• Strong change management skills
• Strong communication skills

WORKING CONDITIONS
Standard office environment

Fast pace with tight deadlines

Overtime and some stress during peak periods

Understands and articulates the business case of business questions and the estimated value being delivered. Designs dashboards and analyses to be performed, and appropriate visualization and analytics tools to use. Identifies trends and patterns to address identified business questions and provide insights through reporting and data visualization techniques. Works with other data and analytics professionals to optimize, refine, automate and scale analysis into repeatable analytics solutions and decision support tools.

• Builds various reporting dashboards using the most appropriate data extraction, data cleaning and data visualisation techniques.
• Provides value through insights, reporting and data visualization techniques. Selects, configures and implements analytics solutions for consistency and repeatability.
• Researches and applies continuous improvement in data visualization by identifying trends and patterns to transform raw data into actionable business insights.
• Works with different teams, management and stakeholders to enhance the usability and aesthetic appeal of data analytics solutions deployed in the organization.
• Translates business needs to technical specifications and evaluates existing data visualization systems in order to improve them.
• Develops data visualizations of "large" amounts of data that facilitate the intuitive presentation of data to decision makers.
• Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.
• Develops tools and delivers training programs for use of reporting tools and self-serve analytics by non-analytical end users; may include delivery of training to audiences.
• 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.
• Broader work or accountabilities may be assigned as needed.

*Qualifications:*
Foundational level of proficiency:

• Technical design optimization.
• Decision Making.
• Systems Thinking.

Intermediate level of proficiency:

• Data visualization.
• Data storytelling.
• Data mining.
• Illustration.
• Creative thinking.
• Problem Solving.
• Verbal & written communication skills.
• Collaboration & team skills.
• Analytical and problem solving skills.
• Data driven decision making.

Advanced level of proficiency:

• Insights design.
• Insights development and reporting.
• 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.

Salary:
$69, $129,000.00

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:

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.