Senior Analyst - Risk Modeling

BMO (Bank of Montreal)•Chicago, IL

31d•$69,000 - $127,800•Hybrid

About The Position

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). Through quantitative analytical modelling, identifies important factors to consider for financial disaster and recovery plans. 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.

Requirements

Regulatory capital and stress testing.
Compliance and regulation.
Machine learning.
Learning Agility.
Systems Thinking.
Model risk management.
Data visualization.
Data wrangling.
Data preprocessing.
Critical thinking.
Driving Results.
Quantitative financial modeling.
Computational thinking and programming.
Verbal & written communication skills.
Collaboration & team skills.
Analytical and problem solving skills.
Data driven decision making.
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.
Technical proficiency gained through education and/or business experience.

Responsibilities

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.
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.