Senior Risk Analyst Jobs

Join our dynamic team as a Senior Risk Analyst, specializing in market risk analysis. In this role, you will play a crucial part in our release testing process and contribute to the enhancement and maintenance of our risk system. The ideal candidate has, at least 1-3 years of relevant experience in market risk, with a specific focus on FRTB (Fundamental Review of Trading Book). Your expertise in risk management metrics, including VAR, stress test, and limit monitoring, will be essential in assessing and mitigating risks.

As a Senior Risk Analyst, you will collaborate with cross-functional teams- including Market and Counterparty Credit Risk Infrastructure teams, Global Markets Engineering, Risk Oversight, Model Vetting among others, to ensure the accuracy and efficiency of our risk reporting. Additionally, exposure to project management and release testing is highly valued. While CFA or FRM Certifications are nice-to-haves, your practical experience and knowledge in market risk are key to your success in this role.

This position is located in Toronto. The role offers a dynamic work environment, allowing for flexibility to manage your work activities within a hybrid work arrangement where you will spend at least two days per week onsite, while other days will be remote.

If you’re looking for your next dream job, consider this one in BMO’s ERPM Risk group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs

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.

• Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions.
• Works with various data owners to discover and select available data sources from internal sources and external vendors (e.g. lending system, payment system, external credit rating system) to fulfill analytical needs.
• Supports the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders.
• Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Supports the maintenance of operational procedures and processes related to analytical and reporting processes.
• Provides information and supports the process for internal and external audits.
• Analyzes data and highlights significant information including variances, trends, opportunities and exposures; escalates as required.
• Participates in the design, implementation and management of core business processes to ensure the accuracy of risk data used in reporting.
• Designs, develops, and implements reporting solutions to meet management and regulatory reporting requirements.
• Gathers and formats data into regular and ad-hoc reports, and dashboards.
• Executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes.
• Acts as a resource for team members with less experience
• Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the risk reporting strategies performance.
• Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting.
• Organizes work information to ensure accuracy and completeness.
• Broader work or accountabilities may be assigned as needed.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Works independently on a range of complex tasks, which may include unique situations.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.
• Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio e.g. capital at risk modeling, risk/return assessments, etc.
• Builds effective relationships with internal/external stakeholders.

Qualifications:

• Data driven decision making - In-depth.
• Verbal & written communication skills - In-depth.
• Product knowledge for the designated business/portfolio.
• Knowledge of industry trends and regulatory requirements for risk reporting.
• Knowledge of risk management metrics, KPIs and KRIs.
• Typically between 1 - 3 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Collaboration & team skills - In-depth.
• Influence skills - In-depth.
• Knowledge of reporting & analytics concepts and applications.
• Knowledge of risk management theory, processes and portfolio management reporting techniques.
• Knowledge of risk systems technology.
• Analytical and problem solving skills - In-depth.
• Technical proficiency gained through education and/or business experience.

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.