Senior Analyst, Liquidity and Funding Risk

BMO•Chicago, IL

About The Position

If you are a naturally curious, data‑driven problem solver ready to make an impact at one of North America’s top banks, BMO’s Sr. Analyst, Liquidity & Funding Risk team in Chicago wants to meet you. This role is perfect for someone with a quantitative mindset, whether your background is in commerce, finance, math, or data technology; who thrives on exploring complex data sets and uncovering insights others may miss. As part of BMO’s growing U.S. Data & Analytics hub, you’ll dig into liquidity data, monitor risk trends, and help translate raw information into meaningful reporting that drives key decisions across the bank’s U.S. expansion strategy. You don’t need decades of liquidity experience; just 3–5 years in a finance or risk function, plus hands‑on skills with PowerBI, data marts, and synthesizing data pulled from multiple warehouses. In this role, curiosity matters as much as technical skill: you’ll go beyond pushing buttons to investigate what the data is really telling you, spot anomalies, and help the second line understand emerging risks, especially in moments of market or geopolitical stress. Liquidity and funding risk is a specialized, in‑demand field, and this role offers the rare opportunity to build that expertise while contributing to a team shaping BMO’s U.S. growth story. If you’re smart, adaptable, and excited to learn a high‑impact skill set in a fast‑growing market, this is your next move. 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. Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks. Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders. Breaks down strategic problems, and analyses data and information to provide insights and recommendations. Manages databases and provides support for analysis, forecasting and/or data visualization, ensuring adherence with data governance standards. Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities. Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels. Leads or assists in the execution of oversight/governance activities. Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the market risk governance program to various internal & external stakeholder audiences. Supports the management of governance meetings (e.g. committee, management, board meetings, etc.) as required; facilitates development and approval of agendas, gathering and distribution of documentation related to agendas, and creation of meeting minutes/output. 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. Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus. 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.

Requirements

Typically between 4 - 6 years of relevant experience and post-secondary degree in 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 understanding of statistics, risk or other quantitative metrics
In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.
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.

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.
Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Manages databases and provides support for analysis, forecasting and/or data visualization, ensuring adherence with data governance standards.
Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.
Leads or assists in the execution of oversight/governance activities.
Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the market risk governance program to various internal & external stakeholder audiences.
Supports the management of governance meetings (e.g. committee, management, board meetings, etc.) as required; facilitates development and approval of agendas, gathering and distribution of documentation related to agendas, and creation of meeting minutes/output.
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.