Analyst, Liquidity and Funding Risk Oversight

BMO • Chicago, IL

1d • $55,000 - $110,000

About The Position

Provides market risk oversight, monitoring, and reporting for a designated portfolio. Develops and monitors the market risk management framework, including governance practices used across BMO. Establishes policies, standards, methodologies, and controls to improve transparency, accuracy, and consistency, and works with stakeholders to implement portfolio methodologies, metrics, and program standards for compliance, effective monitoring, timely reporting, and identification of action plans.

The role supports regulatory interpretation and impact assessment, strategic initiatives, change management, analysis, forecasting, data visualization, risk governance reporting, and governance meetings. It administers market risk monitoring and control activities, reviews business initiatives for potential risks, monitors financial markets and model performance, and evaluates models, assumptions, and metrics used to measure market risk. The analyst identifies and escalates issues, advises business groups on risk framework implementation, coordinates oversight and regulatory reporting activities, and supports policy lifecycle management, training, stakeholder alignment, and improvements to risk measurement and reporting.

The position typically requires 3–5 years of relevant experience and a post-secondary degree in a related field, or an equivalent combination of education and experience. BMO describes its compensation as salaried, with a stated range of $55,000–$110,000. The total compensation package may include performance-based incentives, discretionary bonuses, and other rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

Requirements

• Typically 3–5 years of relevant experience.
• Post-secondary degree in a related field of study, or an equivalent combination of education and experience.
• Knowledge and understanding of market risk management practices.
• Knowledge of financial modelling, including statistics and risk or other quantitative metrics.
• In-depth knowledge and experience with risk policy frameworks and quality control or testing frameworks.
• Specialized knowledge gained through education and/or business experience.
• In-depth verbal and written communication skills.
• In-depth collaboration and teamwork skills.
• In-depth analytical and problem-solving skills.
• In-depth influence skills.

Responsibilities

• Provide market risk oversight, monitoring, and reporting for a designated portfolio.
• Develop and monitor the market risk management and governance framework, including policies, standards, methodologies, and controls.
• Work with stakeholders to implement portfolio methodologies, metrics, and program standards that support compliance, monitoring, timely reporting, and action planning.
• Assist with interpreting new or changing regulations and assessing their impact on governance frameworks.
• Support strategic initiatives in collaboration with internal and external stakeholders.
• Manage databases and support analysis, forecasting, and data visualization in accordance with data governance standards.
• Support change management activities, particularly execution and sustainment.
• Maintain, monitor, measure, and report on the market risk governance program and key risk indicators.
• Support governance meetings by helping develop and approve agendas, gather and distribute materials, and prepare minutes or other outputs.
• Administer and maintain market risk monitoring and control program activities in accordance with policies, procedures, and established processes.
• Review new business initiatives and monitor existing initiatives to identify potential risks or impacts; recommend actions or escalate issues as appropriate.
• Monitor financial market conditions and the impact of market risk model performance on risk strategies.
• Administer and evaluate models, model assumptions, and key market risk measurement metrics; document and report evaluation results.
• Identify required corrective actions, escalate issues as appropriate, and ensure corrective actions are taken.
• Advise and guide assigned business groups on implementing the risk framework, including providing effective challenge.
• Coordinate and participate in oversight and governance activities, including reporting, training needs assessment and delivery, and regulatory administration processes and procedures.
• Consult with stakeholders to improve consistency and transparency in risk measurement, metrics, and reporting.
• Support development and maintenance of the governance system and framework, including policy, standard, and procedure lifecycle management and education and training assessments.
• Maintain knowledge of the business, risk management requirements, and legislative and regulatory directives and guidance.
• Build effective relationships with internal and external stakeholders and ensure alignment among stakeholders.
• Analyze data and information to provide insights and recommendations.
• Monitor and track performance and address issues.
• Coordinate and monitor review and sign-off of regulatory reporting and attestations.
• Propose new solutions and use judgment to identify, diagnose, and solve problems within established rules.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in the total compensation package.
• Other perks and rewards may be included in the total compensation package.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree