Senior Analyst, QRM Architecture

Position Summary

As a member of the QRM Architecture Team, you will work closely with the Structural Market Risk (SMR) team within Corporate Treasury. The SMR team is responsible for Asset-Liability Management (ALM), Funds Transfer Pricing, Stress Testing, and Net Interest Income / Net Interest Margin Forecasting. Your role will focus on supporting the design, testing, and implementation of continuous improvement initiatives, as well as providing ongoing business-as-usual (BAU) support for BMO's Quantitative Risk Management (QRM) platform, including the Management Repository and Analytical Framework.

Key Responsibilities

Design and implement modeling solutions within the QRM Management Repository and Analytical Framework, in alignment with stakeholder requirements and QRM best practices.

Support the QRM Change Management process, including backlog maintenance and coordination of change deployments.

Maintain and update Risk Data Aggregation and Risk Reporting (RDARR) documentation to ensure compliance with BCBS 239 principles.

Collaborate with Technology & Operations partners to define and refine inbound data requirements for the QRM platform.

Provide user acceptance testing (UAT) support for enhancements and modifications to the inbound data pipeline, ensuring alignment with strategic initiatives.

Conduct QA testing and UAT for implemented changes prior to production deployment to ensure accuracy and performance.

Deploy approved QRM changes to the Management Repository and Analytical Framework master databases.

Identify and implement continuous improvement opportunities to streamline QRM processes, enhance data quality, and reduce processing time and errors.

Partner with Corporate Treasury's model development team to review and design behavioral models, ensuring efficient implementation across all relevant QRM use cases.

Supports the research and development of quantitative risk modeling methodologies and related strategies in support of managing structural market risks arising from business / group portfolios and products. Develops and implements models to ensure market risk in banking products are properly measured and support effective risk management practices. Works with internal and external stakeholders to ensure market risks are properly identified and understood with supporting models and strategies successfully implemented.

Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.

Provides advice and guidance to assigned business / group on implementation of solutions.

Provides input to policy positions with respect to structural market risk programs considering legislative requirements.

Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.

Helps determine business priorities and best sequence for execution of business / group strategy.

Conducts independent analysis and assessment to resolve strategic issues.

Breaks down strategic problems, and analyses data and information to provide insights and recommendations.

Conducts independent analysis to resolve strategic issues.

Provides input to the planning & implementation of structural market risk data acquisition and reporting programs.

Documents data flow, systems and processes in data collection to improve efficiency; advances automation of processes.

Maintains operational procedures and processes relating to data acquisition, analytical and reporting processes.

Develops analytical solutions, models and methodologies used to manage risks related to the Bank's portfolios and products e.g. valuations; hedging strategies, customer behaviour models, performance measurement, etc.

Monitors the financial market environment and model performance impacts for optimal execution of risk strategies.

Ensures compliance with model risk and market risk governance and provides financial instrument transaction oversight.

Works closely with businesses and corporate partners to perform enterprise wise stress testing of the bank's Net Interest Income in support of capital adequacy assessment

Performs analytics and reporting of economic and P&L performance of Corporate Treasury as a result of its hedging, investment and funding activities.

Researches industry best practices with respect to structural market risk modeling and methodology

Designs and produces regular and ad-hoc reports, and dashboards.

Monitors and tracks changes to position and component risk metrics over reporting periods; addresses and / or escalates any issues.

Analyzes data and information to provide insights and recommendations.

Works with various data owners to discover and select data from internal and external sources e.g. lending system, payment system, external credit rating system.

Applies scripting / programming skills to assemble source data into structured datasets with multiple levels of granularities e.g., demographics, customers, products, transaction.

Applies suitable statistical techniques to perform analysis e.g., A / B testing, mathematical models, algorithms, machine learning to test, verify, refine hypotheses.

Collaborates with internal and external stakeholders to deliver on business objectives including third party suppliers.

Builds effective relationships with internal / external stakeholders.

Participates in the design, implementation and management of core business / group processes.

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 :

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.

Degree in either Finance, Computer Science, Economics or Risk Management preferred

Technical proficiency gained through education and / or business experience.

Strong knowledge of Excel, Access, SQL, VBA.

Working experience in a Finance environment with exposure to one or more of the following :

Risk management, financial market products and pricing, Balance Sheet / Asset Liability management.

Knowledge of quantitative modelling including understanding of statistics, risk and financial metrics.

Technical proficiency gained through education and / or 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 :

$69,000.00 - $127,800.00

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 retirement savings plans. To view more details of our benefits, please visit :

About Us

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.

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BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

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.