Senior Manager, Net Interest Income & Margin

BMO•Toronto, ON

2d•CA$86,000 - CA$160,000•Onsite

About The Position

The Senior Manager, Treasury, leads the monthly analysis of Net Interest Income (NII) and Net Interest Margin (NIM) to explain changes in margin and underlying drivers. The role serves as a central coordination point across treasury, finance, and business segments, ensuring alignment on data, messaging, and deliverables. It involves close collaboration with Finance, and Lines of Business to validate NIM drivers and develop a clear, consistent narrative for management reporting. In addition, the role is responsible for building balance sheet and revenue forecasting models for stress testing in QRM to support Enterprise-wide Stress Testing (EWST) and Macroeconomic Stress Testing (MST).

Requirements

Advanced level of proficiency: Experience with management reporting of revenue and the balance sheet at a large financial institution.
Expert knowledge in regression models.
Expert knowledge in retail and commercial banking products.
Verbal & written communication skills.
Analytical and problem-solving skills.
Collaboration & team skills; with a focus on cross-group collaboration.
Able to manage ambiguity.
Expert in data driven decision making.
Typically, 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Seasoned professional with a combination of education, experience and industry knowledge

Nice To Haves

Current experience with QRM considered an asset, but not required.

Responsibilities

Develop and maintain an Excel-based model to support NIM analysis, explaining period-over-period changes in deposit, loan, and corporate residual performance using key drivers including pricing strategies, funds transfer pricing vs. actual pricing/hedging, market rate movements, positioning, strategic initiatives, and portfolio mix.
Lead and evolve driver-based NIM analysis through ongoing engagement with internal stakeholders, informing margin insights and supporting decisions on funds transfer pricing, hedging strategies, quarterly disclosures, and forecasting.
Document data flow, systems and processes to improve the design, implementation and management of business/group processes.
Work with the Quantitative Analytics Team to understand internally-developed balance sheet projection models and build these models into the QRM forecast framework.
Work with the product specialist teams in Treasury / Quantitative Analytics Team to understand prepayment models and ensure these models are linked properly to the forecast and functioning correctly.
Develop sources for exception products and load these into the QRM forecast strategy for stress testing and forecasting.
Analyze balance sheet results and present summary findings linked to the scenario inputs.
Participate in stress testing challenge forums, presenting and explaining total bank NII and NIM results and underlying drivers.