Senior Analyst, Structural Market Risk

Structural Market Risk Modeler

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. Area of focus will be bank products with a contractual maturity and embedded optionality.

Key Accountabilities :

• Participate in the development and implementation of structural market risk (SMR) models.
• Liaise with lines of business and product owners to develop a full understanding of the terms and conditions of an existing or new product offering.
• Collaborate with other Corporate Treasury teams in the review and design of behavioral models.
• Coordinate model implementation and testing among key stakeholders.
• Develop and maintain robust model and non-model assumption documentation.
• Provide robust documentation of testing and impact analyses to Market Risk and Model Risk oversight teams.
• Conduct and analyze back-testing, stress-testing and benchmarking to ensure the on-going effectiveness of structural market risk models.
• Ensure compliance with Bank Policies and Standards regarding financial models.
• Participate in the quantitative development and periodic review of structural market risk non-model assumptions.
• Participate in projects related to ongoing enhancement and optimization of the structural market risk measurement, reporting and risk management processes.
• Prepare analyses and responses to recommended improvements in models and non-model assumptions.
• Provide structural market risk advice on FTP policies to ensure appropriate risk-adjusted product pricing.
• Develop quantitative analyses and / or processes that support components of the FTP rates and charges passed to the lines of business.
• Ensure alignment of assumptions and practices among core elements of Corporate Treasury Asset Liability Management.
• Develops and implements analytical solutions, models and methodologies used to manage risks related to the Bank's portfolios and products.
• Monitors the financial market environment and model performance impacts.
• Ensures compliance with model risk and market risk governance.
• Researches industry best practices with respect to structural market risk modeling and methodology.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Analyzes data and information to provide insights and recommendations.
• Works with various data owners to discover and select data from internal and external sources.
• Builds effective relationships with internal / external stakeholders and acts as a trusted advisor to assigned business / group.
• Influences and negotiates to achieve business objectives.
• Participates in the design, implementation and management of core business / group processes.
• Conducts independent analysis and assessment to resolve strategic issues.
• Helps determine business priorities and best sequence for execution of business / group strategy.
• Ensures alignment between stakeholders.
• Provides input to the planning & implementation of structural market risk data acquisition and reporting programs.
• Maintains operational procedures and processes and documents data flow, analytics and processes to improve efficiency; advances automation of processes.
• Manages databases and provides support for analysis, forecasting and / or data visualization, ensuring adherence with data governance standards.

Qualifications :

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.

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.

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.