FRTB Technical Business Analyst, Market Risk

BMO•Toronto, ON

2d•CA$82,800 - CA$154,800

About The Position

This role applies mathematical and statistical methods to financial and risk management problems, including internal controls, enterprise-wide stress testing and scenario analysis, capital modelling, and valuations. The position involves conducting research and creating tools that use data to develop scenario-based planning and implementing complex mathematical models to aid the business in making better financial decisions (e.g., investments, pricing), driving innovation, and minimizing the impact of uncertainty. The role also includes developing pricing and quantitative risk models for assigned portfolios (e.g., fixed income, corporate credit, and loans), monitoring risk in strategies and portfolios, and applying knowledge of risk assessment, controls, and industry compliance standards and regulations. The analyst will identify ways to mitigate potential risks, recommend and implement solutions, and document data flow, systems, and processes to enhance business/group processes. A key aspect is conducting quantitative research in risks across strategies and portfolios, with a primary focus on BMO's business/group, but potentially a broader enterprise-wide focus. The role provides specialized consulting, analytical, and technical support, requiring independent judgment to diagnose and solve problems within defined rules, and handling non-routine situations independently. Broader accountabilities may be assigned as needed. The role requires taking measured risks while protecting the bank by applying the Risk Management Framework, aligning with the Risk Culture and Risk Appetite, and making sound, risk-informed decisions that support business strategy, protect assets, and adhere to policies, laws, and regulations.

Requirements

Foundational level of proficiency: Regulatory capital and stress testing.
Foundational level of proficiency: Compliance and regulation.
Foundational level of proficiency: Machine learning.
Foundational level of proficiency: Learning Agility.
Foundational level of proficiency: Systems Thinking.
Intermediate level of proficiency: Model risk management.
Intermediate level of proficiency: Data visualization.
Intermediate level of proficiency: Data wrangling.
Intermediate level of proficiency: Data preprocessing.
Intermediate level of proficiency: Critical thinking.
Intermediate level of proficiency: Driving Results.
Intermediate level of proficiency: Verbal & written communication skills.
Intermediate level of proficiency: Collaboration & team skills.
Intermediate level of proficiency: Analytical and problem solving skills.
Intermediate level of proficiency: Data driven decision making.
Advanced level of proficiency: Quantitative financial modeling.
Advanced level of proficiency: Computational thinking and programming.
Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Deep knowledge and technical proficiency gained through extensive education and business experience.

Responsibilities

Applies mathematical and statistical methods to financial and risk management problems (e.g. internal controls; enterprise-wide stress testing and scenario analysis; capital modelling; valuations).
Conducts research and creates tools that use data to develop scenario-based planning and implements complex mathematical models to help the business make better financial and financial decisions (e.g. investments, pricing, etc.), drive innovation and minimize the impact of uncertainty.
Develops pricing and quantitative risk models for an assigned portfolio e.g. fixed income, corporate credit and loans.
Monitors risk in strategies and portfolios alongside project managers or functional leads.
Conducts research and develops tools that use data to make better financial decisions; such as: investments, pricing, etc.
Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.
Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.
Conducts quantitative research in risks across strategies and portfolios.
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and regularly handles non-routine situations.
Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.