Senior Risk Analyst

09/06/2024

Address:

250 Yonge Street

Data Analytics & Reporting

General Accountabilities

• The candidate will focus on counterparty credit risk measures (PFE, settlement, collateral knowledge) critical to business decisions. The candidate will develop and improve key processes related to assessing and reporting risk measures and establish and maintain productive relationships with the lines of business (trading, risk oversight, portfolio management, and upper management).
• Supports the research and development of quantitative risk modelling methodologies and related strategies to manage risks arising from business/group portfolios and products.
• Applies knowledge of analytics algorithms and technologies to maintain forward-looking models and analytic solutions to identify risks properly.

Specific accountabilities:

• Develop and apply scripting/programming to automate processes which serve a variety of tasks ranging from data gathering to generating automated reports.
• Calculate counterparty credit risk on non-standard deals with unique features on time.
• Liaise with trading, line of business, risk oversight, infrastructure, model team and operations to ensure proper deal understanding and resolve any specific deal-related problems.
• Provide assistance in ad-hoc projects/trading requests within the group.
• Work with the market risk oversight, stress, capital, and reporting teams to deliver the regulatory reports and stressed exposure results.

CROSS-FUNCTIONAL RELATIONSHIPS:

• T&O project managers and business analysts
• Counterparty Credit Risk Model Development team
• Risk Oversight and Market Risk Stress Testing team
• Corporate Risk Management directors and managers
• LoB
• Credit Portfolio Managers and Account Managers
• External system software vendors

ROLE DIMENSIONS:

This role has a direct or indirect impact on the following financial measures:

• Counterparty credit risk exposure measurements
• Economic and regulatory capital

KNOWLEDGE AND SKILLS:

Knowledge:

• Quantitative (computer science and/or mathematical and/or statistical);
• Finance;
• Economics;
• Financial markets and products;
• Programming – Proficient with Python. Better to know Django, PowerBI, SQL, and VBA;
• Understanding and experience with risk management methodologies and measurement systems;

Skills:

• 1 and up years of related work experience, preferably in a financial institution
• MSc in a technical field, e.g., quantitative finance, statistics, engineering, applied mathematics, quantitative finance
• Good understanding and experience with risk management methodologies (PFE related), financial markets, and products
• Excellent analytic and troubleshooting skills
• Excellent oral and written communication skills
• Ability to work in teams

$65,400.00 - $121,800.00

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 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.