Senior Manager - Wholesale Macro-sensitive Probability of Default Models

BMO • Chicago, IL

92d • $122,400 - $228,000

About The Position

The Senior Manager - Wholesale Macro-sensitive Probability of Default Models position involves applying mathematical and statistical methods to financial and risk management problems, including internal controls, enterprise-wide stress testing, scenario analysis, capital modeling, and valuations. The role requires conducting research and creating tools that utilize data for scenario-based planning, implementing complex mathematical models to enhance financial decision-making, and developing pricing and quantitative risk models for various portfolios such as fixed income, corporate credit, and loans. The manager will monitor risk in strategies and portfolios, conduct quantitative research, and serve as a specialist resource to senior leaders and stakeholders. The position also involves documenting data flow, systems, and processes to improve business/group processes and implementing changes in response to shifting trends.

Requirements

• Typically 7+ years of relevant experience.
• Post-secondary degree in a related field of study or equivalent combination of education and experience.
• Intermediate proficiency in regulatory capital and stress testing, compliance and regulation, machine learning, learning agility, and systems thinking.
• Advanced proficiency in model risk management, data visualization, data wrangling, data preprocessing, critical thinking, driving results, quantitative financial modeling, computational thinking, and programming.
• Strong verbal and written communication skills.
• Analytical and problem-solving skills.
• Collaboration and team skills with a focus on cross-group collaboration.
• Ability to manage ambiguity and make data-driven decisions.

Responsibilities

• Applies mathematical and statistical methods to financial and risk management problems.
• Conducts research and creates tools for scenario-based planning.
• Implements complex mathematical models for financial decision-making.
• Develops pricing and quantitative risk models for assigned portfolios.
• Monitors risk in strategies and portfolios alongside project managers.
• Documents data flow, systems, and processes to improve business processes.
• Conducts quantitative research in risks across strategies and portfolios.
• Serves as a specialist resource to senior leaders and stakeholders.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree