Manager, Valuation Fixed Income & Rates

Application Deadline:

08/26/2024

Address:

250 Yonge Street

Job Family Group:

Finance & Accounting

In this individual contributor role, you would have an opportunity to grow and enhance your valuations skills and existing knowledge base. Tremendous scope for learning in this role as you will be exposed to a wide array of products in the Fixed Income Asset class.

Our ideal candidate has experience with Capital Markets, and interested in continuous learning.

Ensures that valuations for a designated trading/underwriting portfolio are materially accurate and establishes valuation adjustments and capital reserves as appropriate. Works with stakeholders across BMO complete the operational and strategic work for the design and development valuation methodologies and decision support solutions to deliver business results and minimize risk. Provides advice on the configuration, functionality, applicability, and usability of data sources, data management, data analytics, and reporting solutions related to market data used for valuations.

• 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.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders including model development.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
• Executes work to deliver timely, accurate, and efficient service.
• Monitors and assesses the performance of market models to ensure the mathematical representation of the market is sound on an on-going basis; performs stress-testing to assess model performance under extreme conditions.
• Promotes best practices for valuation of the designated portfolios.
• Breaks down strategic problems, and analyzes data and information to provide valuation insights (e.g. positions, exposures, or other valuation issues) and make recommendations.
• Develops and implements policies and guidelines for independent checking of valuations, exception handling, capital reserves and adjustments in alignment with Bank standards.
• Documents and maintains operational procedures and processes relating to methodologies, analytical and reporting processes (e.g. market data sources, model inventory, related assumptions and limitations).
• Reviews use of valuation methodologies and models for consistency across portfolios, products, geographies; recommends changes as required.
• 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:

• 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.
• Degree in business, finance or quantitative discipline.
• In-depth understanding of derivative products and markets, as well as the valuation and risk management methodologies associated with these.
• In-depth understanding of accounting principles, finance processes, and back office processes is an asset.
• In-depth quantitative analytical skills.
• Experienced in VBA programming.
• Deep knowledge and technical proficiency gained through extensive 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.

Salary:

$74,800.00 - $138,600.00

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