Senior Manager, Stress Testing Review and Challenge

Application Deadline:

03/26/2024

Address:

111 W Monroe - 115 S LaSalle

Job Family Group:

Audit, Risk & Compliance

Provides an independent assessment of all aspects of the US capital stress testing framework, including risk identification, scenario creation, forecasting methodologies, process execution, and governance. Develops and maintains a framework that provides increase transparency, accuracy and consistency across the stress testing process. Work with stakeholders to identify improvements as well as monitoring, timely reporting and identification of action plans.

• Critically challenges the US Stress testing process to identify areas for improvement.
• Critically challenges stress testing forecasts to assess appropriateness of risk impacts.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the stress testing process.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines
• Assists with the interpretation of new or changing regulations and assessing impacts to capital.
• Initiates and facilitates productive forums, where stakeholders can discuss, debate, and decide on key risk concerns.
• Maintains tools and templates for independent review as required
• Monitors and tracks performance; addresses any issues.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Qualifications:
• Typically 5+ years of experience with the US Capital Stress Testing process, including any of model development and execution, model validation/governance, or capital stress testing program participation or governance
• Ability to evaluate quantitative model outputs and provide in-depth analysis
• In depth / Expert knowledge of risk management, audit, compliance, governance practices.
• In-depth / Expert knowledge of business and US capital regulation and understanding of risk issues / trends and best practices.
• Knowledge of banking products, including credit and non-credit experience, economics and financial markets.
• In-depth / Expert communication and relationship management skills.
• Ability to manage multiple priorities with effective planning and organizing skills.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

Compensation and Benefits:

$100,000.00 - $185,500.00

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: https://jobs.bmo.com/global/en/Total-Rewards

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 http://jobs.bmo.com/us/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. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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.