Senior Analyst, Counterparty Credit Risk - (Trading Systems / Python programming / Financial Products)

Application Deadline:

10/27/2024

Address:

250 Yonge Street

Job Family Group:

Data Analytics & Reporting

Applies mathematical and statistical methods to financial and risk management problems (e.g. internal controls; enterprise-wide stress testing and scenario analysis; capital modelling; valuations). Through quantitative analytical modelling, identifies important factors to consider for financial disaster and recovery plans. Conducts research and creates tools that use data to develop scenario-based planning and implements complex mathematical models to help the business make better financial and financial decisions (e.g. investments, pricing, etc.), drive innovation and minimize the impact of uncertainty.

• Develops pricing and quantitative risk models for an assigned portfolio e.g. fixed income, corporate credit and loans.

• Monitors risk in strategies and portfolios alongside project managers or functional leads.

• Participate in the different testing cycles of the Counterparty Credit Risk systems releases with high level guidance and instructions.

• Investigate into system issues identified by either LoB or other members of the team, provide the root cause analysis and provide potential solutions with assistance and guidance. 

• Participate in the new business activities including drafting the requirements and conduct SIT/UAT with guidance.

• Maintaining and improving the business specification based on changes required.

• Provide assistance in ad-hoc projects/requests within the group.

• Conducts research and develops tools that use data to make better financial decisions; such as: investments, pricing, etc.

• 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.

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

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

• Works independently on a range of complex tasks, which may include unique situations.

• Broader work or accountabilities may be assigned as needed.

Qualifications:

Foundational level of proficiency:

• Regulatory capital and stress testing.

• Requires Fundamental knowledge of financial product including OTC Derivatives and Security Financial Transactions.

• Requires excellent programming skills including Python platform.

• Compliance and regulation.

• Machine learning.

• Learning Agility.

• Systems Thinking.

• Model risk management.

• Data visualization.

• Data wrangling.

• Data preprocessing.

• Critical thinking.

• Driving Results.

Intermediate level of proficiency:

• Quantitative financial modeling.

• Computational thinking and programming.

• Verbal & written communication skills.

• Collaboration & team skills.

• Analytical and problem solving skills.

• Data driven decision making.

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Technical proficiency gained through education and/or business experience.

Salary:

$65,400.00 - $121,800.00

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 retir