Market Risk Analyst, Fall 2026 (Co-op/Internship) - 4 Months

BMO•Toronto, ON

1d•CA$56,000 - CA$103,500•Onsite

About The Position

This role supports the execution of accurate and efficient reporting solutions for risk, regulatory, and management information to internal and external stakeholders, including regulatory bodies. It contributes to an efficient and effective risk management function by utilizing common information sources and practices, reducing ongoing costs, increasing service level performance, and minimizing risk. The analyst will break down strategic problems, analyze data and information to provide insights and recommendations, and act as a resource for less experienced team members. The position involves leading or assisting with the maintenance, monitoring, measurement, and reporting on the status of risk reporting strategies' performance. It also includes designing, developing, and implementing reporting solutions to meet management and regulatory reporting requirements, and providing advice and guidance on the implementation of analytical and reporting solutions. The role executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes, and supports the maintenance, monitoring, and measurement of key risk indicators. The analyst will analyze data and information to provide risk-related insights and recommendations for the assigned portfolio, such as capital at risk modeling and risk/return assessments. They will also support the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate, and work with various data owners to discover and select available data sources from internal and external vendors. Ensuring strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards is crucial. The role involves analyzing data and highlighting significant information, including variances, trends, opportunities, and exposures, and escalating as required. It also provides information and support for internal and external audits, gathers and formats data into reports and dashboards, and supports the development and execution of strategic initiatives. Building effective relationships with internal/external stakeholders and supporting the maintenance of operational procedures and processes are key. Additionally, the role supports the development of tools and training focused on awareness and understanding of key data elements used in risk reporting, and participates in the design, implementation, and management of core business processes to ensure the accuracy of risk data. Organizing work information for accuracy and completeness is also a responsibility. The focus is primarily on the business/group within BMO, though a broader, enterprise-wide focus may be assigned. The role exercises judgment to identify, diagnose, and solve problems within given rules, and works independently on a range of complex tasks, which may include unique situations. Broader work or accountabilities may be assigned as needed. The role requires taking measured risks while protecting the bank by applying the Risk Management Framework, in line with the Risk Culture and within the approved Risk Appetite, making sound and risk-informed decisions that align with business strategy, protect assets, and adhere to applicable policy documents, laws, and regulations.

Requirements

Typically between 1-2 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Knowledge of risk management metrics, KPIs and KRIs.
Knowledge of industry trends and regulatory requirements for risk reporting.
Product knowledge for the designated business/portfolio.
Knowledge of risk management theory, processes and portfolio management reporting techniques.
Knowledge of reporting & analytics concepts and applications.
Knowledge of risk systems technology.
Technical proficiency gained through education and/or business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.

Nice To Haves

Education background in STEM areas: Electronic/Mechanical Engineering, Computer Science, Data Analytics
Experience in process automation, process improvement, data flow, workflow process
Experience with SQL, Python, Power BI, AI tools, Co-pilot

Responsibilities

Supports the execution of accurate and efficient reporting solutions for risk, regulatory and management information to internal and external stakeholders including regulatory bodies.
Supports an efficient and effective risk management function which uses common information sources and practices, reduces ongoing costs, increases service level performance and minimizes risk.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Acts as a resource for team members with less experience.
Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the risk reporting strategies performance.
Designs, develops, and implements reporting solutions to meet management and regulatory reporting requirements.
Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions.
Executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes.
Supports the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders.
Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio e.g. capital at risk modeling, risk/return assessments, etc.
Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.
Works with various data owners to discover and select available data sources from internal sources and external vendors (e.g. lending system, payment system, external credit rating system) to fulfill analytical needs.
Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.
Analyzes data and highlights significant information including variances, trends, opportunities and exposures; escalates as required.
Provides information and supports the process for internal and external audits.
Gathers and formats data into regular and ad-hoc reports, and dashboards.
Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Builds effective relationships with internal/external stakeholders.
Supports the maintenance of operational procedures and processes related to analytical and reporting processes.
Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting.
Participates in the design, implementation and management of core business processes to ensure the accuracy of risk data used in reporting.
Organizes work information to ensure accuracy and completeness.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently on a range of complex tasks, which may include unique situations.
Broader work or accountabilities may be assigned as needed.
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.