Manager, Regulatory & Economic Capital

BMO•Toronto, ON

10d•Onsite

About The Position

As part of the Risk Capital team within Credit Risk Management (CRM), the incumbent is an individual‑contributor Regulatory Capital specialist responsible for the day‑to‑day execution of Enterprise Regulatory Capital and RWA processes, including running the monthly Regulatory Capital forecast and production cycle. While overall ownership and governance of the capital framework sit with senior leadership, this role is accountable for the timely delivery, analysis, and explanation of Regulatory Capital results, working closely with Business, Risk, Finance, and Technology partners. The role also supports Economic Capital and ICAAP activities, ensuring alignment across regulatory and internal capital frameworks.

Requirements

Undergraduate degree in a quantitative discipline (e.g., Actuarial Science, Applied Mathematics, Statistics, Quantitative Finance) or an equivalent combination of education and experience.
Strong SAS and SQL proficiency with hands‑on experience in capital or risk analytics.
3+ years of experience in Regulatory Capital, credit risk, or capital analytics within a financial institution.
Strong understanding of Basel Regulatory Capital frameworks, including Standardized and IRB approaches.
Working knowledge of Economic Capital and ICAAP concepts.
Familiarity with OSFI Capital Adequacy Requirements (CAR) and ICAAP expectations.
Strong analytical, communication, and stakeholder‑management skills.
Advanced working knowledge of Excel, Power BI, and PowerPoint.

Nice To Haves

Relevant professional designation (FRM, PRM, CFA, SOA) or equivalent experience is an asset.

Responsibilities

Execute the Regulatory Capital and RWA forecast, including credit migration analysis and forward‑looking impacts.
Support annual Regulatory Capital and Expected Loss (EL) planning through forecast assumptions, analysis, and documentation.
Provide forward‑looking Regulatory Capital insights to support capital planning and stress testing.
Run the monthly Regulatory Capital production process, including data preparation, validation, reconciliations, and control checks.
Analyze and explain period‑over‑period RWA movements, identifying drivers related to portfolio mix, risk parameters, regulatory treatment, and methodology changes.
Prepare Regulatory Capital reporting, commentary, and materials for senior management and governance forums.
Coordinate with Finance, Risk, and Technology partners to resolve data, model, or process issues.
Partner with Stress Testing and Portfolio Management teams to assess Regulatory Capital impacts under stressed and adverse scenarios.
Perform peer and portfolio‑level analysis to understand differences in regulatory capital outcomes and regulatory treatment.
Support interpretation of regulatory capital policies and requirements for internal stakeholders.
Support Economic Capital analysis and monthly reporting, including contributions to the ICAAP submission.
Analyze and explain movements in Economic Capital metrics and ensure consistency across Regulatory Capital, Economic Capital, and stress testing views.
Assist with annual Economic Capital model validation, including analysis, documentation, and remediation activities.
Provide Economic Capital insights to support capital demand and portfolio decision‑making.
Perform User Acceptance Testing (UAT) and capital impact analysis for changes to regulatory or economic capital models, methodologies, or reporting infrastructure.
Support implementation of changes related to Basel and OSFI capital requirements, including CAR and ICAAP.
Contribute to RWA refinement and capital optimization initiatives.
Support required SAS / SQL updates related to model, methodology, or production changes.