Manager, Structural Market Risk Oversight

Application Deadline:

06/19/2025

Address:

320 S Canal Street

Job Family Group:

Data Analytics & Reporting

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.

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.

Provides market risk oversight, monitoring, and reporting for the Structural balance sheet. Supports the execution of accurate and efficient reporting solutions for risk, regulatory and management information to internal and external stakeholders including regulatory bodies. Supports an efficient and effective risk management function which uses common information sources and practices, reduces ongoing costs, increases service level performance and minimizes risk.

• 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.
• 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
• 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.
• 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.
• 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:

• 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.

Salary:

$87,000.00 - $161,400.00

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.