Manager, Market Risk (Model Review & Business Analytics)

Are you ready for a new challenge? We are looking to hire 3 exceptional candidates to join this growing team. Two of these vacancies require a natural disposition towards change management with hands-on experience and stakeholder management as these positions involves managing weekly conversations with individuals at all levels of the organizations. The remaining vacancy will involve work related to models and requires someone with prior experience in this space (model validation, model development, model governance to perform model performance monitoring and review). All three vacancies call for previous experience in Banking and Market Risk. If this sounds like a team you'd like to be a part of - apply today!

Description

As a member of the Fundamental Review of Trading Books Business As Usual team (FRTB BAU ) Manager, Market Risk is primarily responsible for performing in-depth analysis and design to support the FRTB trading desk quantitative risk requirements. The Manager is expected to answer to the extended scope of projects, audit requirements, ad hoc requests and expansion of the team’s responsibilities and mandate in the risk infrastructure area.

Key Accountabilities

Responsibilities:

• Mentor and lead junior business analysts to deliver on projects
• Identify opportunities for improvements within the market risk system infrastructure.
• Consult with stakeholders (front office, middle office, back office, credit) to understand the changes required; Ensure risk platforms used for risk capture are current and internally consistent; translate business requirements into development tasks, and ensure alignment of priorities
• Assist in the documentation of procedures, control processes, and policies relevant to internal controls.
• Lead new initiatives end-to-end: Requirements elicitation in partnership with stakeholders; Solution design in consultation with technology partners (in-house and vendor); develop test strategy and test plan and perform User Acceptance test to ensure business and analytic requirements are correctly implemented
• Manage the relationships with clients across the organization as well as with the vendor;
• Prototyping with program language as of proof of concept or validation of system implementation of the business requirement related to data profiling, mapping, risk metrics calculation
• Participate in the implementation process to ensure proper and timely implementation of system enhancements

Qualifications

Must Have Skills:

• Excellent oral and written Communication Skills as they need to interact with all levels in the management hierarchy (developer, Project Manager, VP, Director)
• Strong analytic and troubleshooting skills with a solution oriented attitude
• Strong proficiency with Excel (used in manual testing and for daily reporting) and SAS, nice to have knowledge includes Python, SQL, C#, and/or VBA
• Must have hands on experience in manual testing (test case design to ensure coverage and execution)
• Minimum of 5 years of business analytics experience within Capital Markets

Nice To Have Skills

• Understanding of financial products is preferable
• Broad understanding and experience with risk management methodologies, preferably in Market Risk
• Proven experience working on multiple large projects simultaneously

We’re here to help

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 https://jobs.bmo.com/ca/en

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.