Specialist III-IC Liquidity and Funding

BMO • Chicago, IL

2d • $90,000 - $180,000 • Hybrid

About The Position

BMO Bank N.A. seeks a Specialist III-IC Liquidity and Funding to support the development and execution of the Enterprise’s liquidity and funding risk management strategy for executive and Board approval. The role collaborates with Market Risk Management to recommend liquidity and funding-related risk appetite limits, using robust data analytics and visualizations.

The position automates and owns end-to-end data pipelines for different portfolios, from data ingestion and transformation through analytics and dashboard reporting. It monitors liquidity stress testing processes, resolves issues related to commitment items, and develops interactive reports and dashboards to visualize trends and breaches, identify accounts exceeding allocated limits, and support data-driven decisions by upper management.

The role works with Market Risk Management, business groups, and Finance to develop processes for identifying, measuring, and managing liquidity and funding risks. It advises business groups on liquidity and funding matters, including recovery and resolution planning; maintains the model and assumption framework used to measure these risks; and recommends changes, including reviews of liquidity objectives, positions, assumptions, and new business transactions. The position also identifies emerging issues and trends, recommends and implements solutions informed by risk assessments, and develops large data models to forecast the bank’s liquidity and funding capabilities under different stress scenarios.

Additional responsibilities include liaising with stakeholders, industry specialty groups, and regulators; contributing to planning and implementing liquidity and funding risk modeling activities; integrating information from multiple sources to improve processes, analysis, and reporting; monitoring balance sheet usage; producing reports and dashboards; and analyzing information to provide insights into business product pricing and funds transfer pricing processes. This is a hybrid position requiring four days in the office per week.

Requirements

• Master’s degree in Finance, Data Science, Computer Science, or a related field (or foreign equivalent) and three years of experience as a Solution Specialist, Data Scientist, or in a related occupation in data analytics, data engineering, or computer science; alternatively, a bachelor’s degree in one of these fields (or foreign equivalent) and five years of such experience.
• Experience using SAS, R programming, SPSS, and Python for data modeling.
• Experience using SQL to query and create tables or views for downstream consumption.
• Experience with dashboarding tools, including Power BI or Tableau.
• Experience in data analytics and complex Excel pivot tables and lookups, including INDEX+MATCH, VLOOKUP, and SUMIFS.
• Experience using cloud-based data platforms, including Snowflake, AWS, GCP, and Azure, to create data structures.
• Experience optimizing data processing to enable automation.
• Experience leading discovery and gathering complex client requirements to create analytical solutions.
• Experience with workflow management and JIRA development and tracking.

Responsibilities

• Support development and execution of the Enterprise’s liquidity and funding risk management strategy for executive and Board approval.
• Collaborate with Market Risk Management to recommend liquidity and funding-related risk appetite limits using data analytics and visualizations.
• Automate and own end-to-end portfolio data pipelines, including ingestion, transformation, analytics, and dashboard reporting.
• Monitor daily liquidity stress testing processes and address issues related to commitment items.
• Develop interactive reports and dashboards to visualize trends and breaches, identify accounts exceeding allocated limits, and support data-driven decisions.
• Collaborate with Market Risk Management, business groups, and Finance to develop processes for identifying, measuring, and managing liquidity and funding risks.
• Advise business groups on liquidity and funding matters, including recovery and resolution planning.
• Develop and maintain the model and assumption framework used to measure liquidity and funding risk, and recommend changes, including review of objectives, positions, assumptions, and new business transactions.
• Identify emerging issues and trends to inform decisions and understand risk drivers.
• Recommend and implement solutions based on risk assessments, issue analysis, and business implications.
• Manage development of large data models to forecast the bank’s liquidity and funding capabilities under different stress scenarios.
• Liaise with stakeholders, industry specialty groups, and regulators to align agendas and advocate the company’s position on market or regulatory developments.
• Provide input into planning and implementation of liquidity and funding risk modeling activities and programs.
• Integrate information from multiple sources to improve processes, identify patterns and outliers, enhance analysis, and streamline reporting.
• Monitor and track balance sheet usage.
• Design and produce reports and dashboards.
• Analyze data and information to provide insights into business product pricing and funds transfer pricing processes.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in total compensation.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level