Director, Equity Derivatives Risk Oversight

BMO•New York, NY

About The Position

We are looking for a standout talent in NYC who’s ready to make an immediate impact. If you have hands-on experience with equity derivatives, and you’re currently thriving at a top-tier institution like JPMC, Morgan Stanley, Goldman Sachs, or Bank of America, this is your moment. In this role, you’ll engage directly with a broad spectrum of financial instruments, from structured liquidity derivatives to exotic/equity options and other complex products. This isn’t a seat for spectators; we want someone with a true challenger mindset, proactive, energized, and comfortable walking the trading floor, building relationships, and staying close to the business. As part of the second line of defense, you’ll bring confidence, gravitas, and the resilience to push back when necessary, maintaining strong rapport while keeping risk front and center. We’re seeking someone hungry, driven, and ready to prove themselves; a builder with the desire to grow and invest in a long-term career with BMO. Provides market risk oversight, monitoring, and reporting for a designated portfolio. Develops and monitors the market risk management framework that includes the governance framework and practices leveraged across BMO to manage market risk. Provides policies and standards, methodologies, and controls to increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio to ensure compliance and effective monitoring, timely reporting and identification of action plans. Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives. Develops an expert understanding of business/group challenges. Networks with industry contacts to gather competitive insights and best practices. Recommends measures to improve organizational effectiveness. May consult to or serve on various committees and task forces. Interprets new regulations and assesses impacts to the governance framework. Influences and negotiates to achieve business objectives. Identifies emerging issues and trends to inform decision-making. Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution. Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals. Measures the effectiveness of risk governance system and framework; recommends changes as required. Conducts independent analysis and assessment to resolve strategic issues. Leads the development and maintenance of the governance system and framework. Acts as the prime contact for internal/external stakeholder relationships, which may include regulators. Ensures alignment between stakeholders. Represents the risk program / governance structure during internal/external regulatory audits and/or examinations. Designs and produces regular and ad-hoc reports, and dashboards. Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting. Leads the development of the communication strategy focusing on positively influencing or changing behaviour. Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives. Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success. Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution. Manages the review and sign-off process for relevant regulatory reporting. Leads and integrates the monitoring, measurement & reporting on the status of the market risk governance program to internal & external stakeholders. Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines. May provide specialized support for other internal and external regulatory requirements. Provides input into the planning and implementation of ongoing operational programs in support of the market risk framework. Leads/participates in the design, implementation and management of core business/group processes. Administers and maintains the market risk monitoring and control program activities in adherence to all policies, procedures and established processes. Reviews new business initiatives and monitors existing initiatives to identify potential risk situations/ impacts; makes recommendations or escalates to the manager, as per guidelines. Monitors the financial market environment and market risk model performance impacts for optimal execution of risk strategies. Independently administers and evaluates models, model assumptions, and key metrics used for the measurement of market risk for adherence to all policies and procedures applicable to the transaction based on established processes; documents and reports results of evaluations on an individual and summary basis. Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary. Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge. Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures. Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting. Supports the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management, education and training assessments. Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance. Builds effective relationships with internal/external stakeholders. Ensures alignment between stakeholders. Analyzes data and information to provide insights and recommendations. Monitors and tracks performance; addresses any issues. Coordinates and monitors the review and sign-off of regulatory reporting and attestations. Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO. Influences how teams/groups work together. Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems. Communicates abstract concepts in simple terms. Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives. Anticipates trends and responds by implementing appropriate changes. Broader work or accountabilities may be assigned as needed.

Requirements

Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Expert knowledge and understanding of the market risk management practices.
Expert knowledge of regulatory requirements.
Expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
Seasoned expert with extensive industry knowledge.
Technical leader viewed as a thought leader for innovation.
Verbal & written communication skills - Expert.
Analytical and problem solving skills - Expert.
Influence skills - Expert.
Collaboration & team skills; with a focus on cross-group collaboration - Expert.
Able to manage ambiguity.
Data driven decision making - Expert.

Responsibilities

Provides market risk oversight, monitoring, and reporting for a designated portfolio.
Develops and monitors the market risk management framework that includes the governance framework and practices leveraged across BMO to manage market risk.
Provides policies and standards, methodologies, and controls to increase transparency, accuracy and consistency across groups.
Works with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio to ensure compliance and effective monitoring, timely reporting and identification of action plans.
Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.
Develops an expert understanding of business/group challenges.
Networks with industry contacts to gather competitive insights and best practices.
Recommends measures to improve organizational effectiveness.
May consult to or serve on various committees and task forces.
Interprets new regulations and assesses impacts to the governance framework.
Influences and negotiates to achieve business objectives.
Identifies emerging issues and trends to inform decision-making.
Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Measures the effectiveness of risk governance system and framework; recommends changes as required.
Conducts independent analysis and assessment to resolve strategic issues.
Leads the development and maintenance of the governance system and framework.
Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
Ensures alignment between stakeholders.
Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
Designs and produces regular and ad-hoc reports, and dashboards.
Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
Leads the development of the communication strategy focusing on positively influencing or changing behaviour.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success.
Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
Manages the review and sign-off process for relevant regulatory reporting.
Leads and integrates the monitoring, measurement & reporting on the status of the market risk governance program to internal & external stakeholders.
Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
May provide specialized support for other internal and external regulatory requirements.
Provides input into the planning and implementation of ongoing operational programs in support of the market risk framework.
Leads/participates in the design, implementation and management of core business/group processes.
Administers and maintains the market risk monitoring and control program activities in adherence to all policies, procedures and established processes.
Reviews new business initiatives and monitors existing initiatives to identify potential risk situations/ impacts; makes recommendations or escalates to the manager, as per guidelines.
Monitors the financial market environment and market risk model performance impacts for optimal execution of risk strategies.
Independently administers and evaluates models, model assumptions, and key metrics used for the measurement of market risk for adherence to all policies and procedures applicable to the transaction based on established processes; documents and reports results of evaluations on an individual and summary basis.
Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.
Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures.
Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
Supports the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management, education and training assessments.
Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
Builds effective relationships with internal/external stakeholders.
Ensures alignment between stakeholders.
Analyzes data and information to provide insights and recommendations.
Monitors and tracks performance; addresses any issues.
Coordinates and monitors the review and sign-off of regulatory reporting and attestations.
Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.
Influences how teams/groups work together.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.
Communicates abstract concepts in simple terms.
Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.
Anticipates trends and responds by implementing appropriate changes.
Broader work or accountabilities may be assigned as needed.