Senior Analyst, Structural Market Risk

BMO•Chicago, IL

2d•$69,000 - $127,800

About The Position

Supports the research and development of quantitative risk modeling methodologies and related strategies in support of managing structural market risks arising from business/group portfolios and products. Develops and implements models to ensure market risk in banking products are properly measured and support effective risk management practices. Works with internal and external stakeholders to ensure market risks are properly identified and understood with supporting models and strategies successfully implemented. Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs. Provides advice and guidance to assigned business/group on implementation of solutions. Provides input to policy positions with respect to structural market risk programs considering legislative requirements. Supports the execution of strategic initiatives in collaboration with internal and external stakeholders. Helps determine business priorities and best sequence for execution of business/group strategy. Conducts independent analysis and assessment to resolve strategic issues. Breaks down strategic problems, and analyses data and information to provide insights and recommendations. Conducts independent analysis to resolve strategic issues. Provides input to the planning & implementation of structural market risk data acquisition and reporting programs. Documents data flow, systems and processes in data collection to improve efficiency; advances automation of processes. Maintains operational procedures and processes relating to data acquisition, analytical and reporting processes. Develops analytical solutions and methodologies used to manage risks related to the Bank’s portfolios and products e.g. valuations; hedging strategies, customer behavior models, performance measurement, etc. Monitors the financial market environment and model performance impacts for optimal execution of risk strategies. Ensures compliance with model risk and market risk governance and provides financial instrument transaction oversight. Researches industry best practices with respect to structural market risk modeling and methodology Designs and produces regular and ad-hoc reports, and dashboards. Monitors and tracks changes to position and component risk metrics over reporting periods; addresses and / or escalates any issues. Analyzes data and information to provide insights and recommendations. Applies suitable statistical techniques to perform analysis e.g., A/B testing, mathematical models, algorithms, machine learning to test, verify, refine hypotheses. Collaborates with internal and external stakeholders to deliver on business objectives including third party suppliers. Builds effective relationships with internal/external stakeholders. Participates in the design, implementation and management of core business/group processes. 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. 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.

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.
Degree in either Finance, Economics or Risk Management preferred
Technical proficiency gained through education and/or business experience.
Strong knowledge of Excel, Access, SQL, VBA.
Working experience in a Finance environment with exposure to one or more of the following: Risk management, financial market products and pricing, Balance Sheet / Asset Liability management.
Knowledge of quantitative modelling including understanding of statistics, risk and financial metrics.
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

Supports the research and development of quantitative risk modeling methodologies and related strategies in support of managing structural market risks arising from business/group portfolios and products.
Develops and implements models to ensure market risk in banking products are properly measured and support effective risk management practices.
Works with internal and external stakeholders to ensure market risks are properly identified and understood with supporting models and strategies successfully implemented.
Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
Provides advice and guidance to assigned business/group on implementation of solutions.
Provides input to policy positions with respect to structural market risk programs considering legislative requirements.
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
Helps determine business priorities and best sequence for execution of business/group strategy.
Conducts independent analysis and assessment to resolve strategic issues.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Conducts independent analysis to resolve strategic issues.
Provides input to the planning & implementation of structural market risk data acquisition and reporting programs.
Documents data flow, systems and processes in data collection to improve efficiency; advances automation of processes.
Maintains operational procedures and processes relating to data acquisition, analytical and reporting processes.
Develops analytical solutions and methodologies used to manage risks related to the Bank’s portfolios and products e.g. valuations; hedging strategies, customer behavior models, performance measurement, etc.
Monitors the financial market environment and model performance impacts for optimal execution of risk strategies.
Ensures compliance with model risk and market risk governance and provides financial instrument transaction oversight.
Researches industry best practices with respect to structural market risk modeling and methodology
Designs and produces regular and ad-hoc reports, and dashboards.
Monitors and tracks changes to position and component risk metrics over reporting periods; addresses and / or escalates any issues.
Analyzes data and information to provide insights and recommendations.
Applies suitable statistical techniques to perform analysis e.g., A/B testing, mathematical models, algorithms, machine learning to test, verify, refine hypotheses.
Collaborates with internal and external stakeholders to deliver on business objectives including third party suppliers.
Builds effective relationships with internal/external stakeholders.
Participates in the design, implementation and management of core business/group processes.
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.
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.