Senior Manager, US Liquidity and Funding

Bank of Montreal•Chicago, IL

5d•Hybrid

About The Position

To create more opportunities for innovation, problem solving, mentorship and career development through natural collisions and conversation, please note that this hybrid role requires in-person attendance at our Chicago or Milwaukee offices four days per week. Supports the build, management, and execution of an enterprise-wide liquidity and funding management framework to optimize risks and maximize risk-adjusted profitability. Provides expertise for the measurement, analysis, and oversight of the Bank’s global regulatory and internal funding risks arising from business/group business activities. In partnership with the assigned business/portfolio, develops a solid understanding of the business strategies and in-depth product, market, and regulatory knowledge across all retail, commercial, and trading products. Advises on liquidity and funding risk mitigation, product development, and optimization. Supports the development of liquidity Bank’s risk measurement and reporting processes for liquidity and funding management. Provides strategic input into business decisions as a trusted advisor. Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group. Acts as a subject matter expert on relevant regulations and policies. May network with industry contacts to gain competitive insights and best practices. Recommends strategic priorities and leads the execution. Manages resources and leads the execution of liquidity & funding related strategic initiatives to deliver on business and financial goals. Recommends strategic priorities and leads the execution. Works with stakeholders to establish priorities. Manages resources and leads the execution of liquidity & funding related strategic initiatives to deliver on business and financial goals. May own internal/external stakeholder relationships. Leads the execution of liquidity & funding programs; assesses and adapts as needed to ensure quality of execution. Recommends and implements liquidity and funding solutions based on analysis of issues and implications for the business. Supports development and execution of Enterprise’s liquidity and funding risk management strategy for executive and Board approval in collaboration with Market Risk Management to recommend liquidity and funding-related risk appetite limits. Develops processes to identify, measure, and manage liquidity and funding risks in conjunction with Market Risk Management, businesses, and other Finance areas. Acts as a trusted advisor to assigned business/group on liquidity and funding matters including recovery and resolution planning. Develops and maintains the model and assumption framework used to measure liquidity and funding risk and recommends changes (e.g. regularly reviews liquidity objectives, positions and assumptions, including for new business transactions). Identifies emerging issues and trends to inform decision-making and understand risk drivers. Recommends and implements solutions based on risk assessments, analysis of issues, and implications for the business. Acts as liaison between stakeholders including industry specialty groups and regulators to align agendas, ensure a clear understanding of the business context, and advocate the Bank’s position on market or regulatory developments. Monitors performance of liquidity stress testing processes and addresses any issues (e.g. enterprise-wide stress testing, OSFI macro-stress testing, ad-hoc testing). Provides input into the planning and implementation of liquidity and funding risk modeling activities and programs. Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting. Gathers and formats data into regular and ad-hoc reports, and dashboards. Monitors and tracks balance sheet usage, and addresses any issues. Designs and produces regular and ad-hoc reports, and dashboards. Analyzes data and information to provide insights into business product pricing and funds transfer pricing processes. Supports development and execution of liquidity and funding-related strategic initiatives in collaboration with internal and external stakeholders. Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders. Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine. Implements changes in response to shifting trends. Broader work or accountabilities may be assigned as needed.

Requirements

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.
Verbal & written communication skills - In-depth / Expert.
Analytical and problem solving skills - In-depth / Expert.
Influence skills - In-depth / Expert.
Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
Able to manage ambiguity.
Data driven decision making - In-depth / Expert.

Responsibilities

Supports the build, management, and execution of an enterprise-wide liquidity and funding management framework to optimize risks and maximize risk-adjusted profitability.
Provides expertise for the measurement, analysis, and oversight of the Bank’s global regulatory and internal funding risks arising from business/group business activities.
In partnership with the assigned business/portfolio, develops a solid understanding of the business strategies and in-depth product, market, and regulatory knowledge across all retail, commercial, and trading products.
Advises on liquidity and funding risk mitigation, product development, and optimization.
Supports the development of liquidity Bank’s risk measurement and reporting processes for liquidity and funding management.
Provides strategic input into business decisions as a trusted advisor.
Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
Acts as a subject matter expert on relevant regulations and policies.
May network with industry contacts to gain competitive insights and best practices.
Recommends strategic priorities and leads the execution.
Manages resources and leads the execution of liquidity & funding related strategic initiatives to deliver on business and financial goals.
Works with stakeholders to establish priorities.
May own internal/external stakeholder relationships.
Leads the execution of liquidity & funding programs; assesses and adapts as needed to ensure quality of execution.
Recommends and implements liquidity and funding solutions based on analysis of issues and implications for the business.
Supports development and execution of Enterprise’s liquidity and funding risk management strategy for executive and Board approval in collaboration with Market Risk Management to recommend liquidity and funding-related risk appetite limits.
Develops processes to identify, measure, and manage liquidity and funding risks in conjunction with Market Risk Management, businesses, and other Finance areas.
Acts as a trusted advisor to assigned business/group on liquidity and funding matters including recovery and resolution planning.
Develops and maintains the model and assumption framework used to measure liquidity and funding risk and recommends changes (e.g. regularly reviews liquidity objectives, positions and assumptions, including for new business transactions).
Identifies emerging issues and trends to inform decision-making and understand risk drivers.
Acts as liaison between stakeholders including industry specialty groups and regulators to align agendas, ensure a clear understanding of the business context, and advocate the Bank’s position on market or regulatory developments.
Monitors performance of liquidity stress testing processes and addresses any issues (e.g. enterprise-wide stress testing, OSFI macro-stress testing, ad-hoc testing).
Provides input into the planning and implementation of liquidity and funding risk modeling activities and programs.
Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
Gathers and formats data into regular and ad-hoc reports, and dashboards.
Monitors and tracks balance sheet usage, and addresses any issues.
Designs and produces regular and ad-hoc reports, and dashboards.
Analyzes data and information to provide insights into business product pricing and funds transfer pricing processes.
Supports development and execution of liquidity and funding-related strategic initiatives in collaboration with internal and external stakeholders.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.