VP, Global Finance Risk / Prime Services Risk

Bank of Montreal • New York, NY

5d • Onsite

About The Position

BMO Capital Markets is hiring a Vice President for its Global Finance Risk team, based in the New York office. The role manages risk across prime services, counterparty credit, and related business activities, and helps develop the risk framework, including margin risk methodologies. It provides direct oversight of a business supporting sophisticated counterparties and structured financing activity. The work spans risk analysis, client engagement, platform oversight, stress testing, scenario analysis, and collaboration with Trading, Credit, Market Risk, Counterparty Credit, the front office, and other control functions.

The global platform includes Prime Brokerage and swap offerings across the United States, Canada, and the United Kingdom. Client portfolios span equities, corporate bonds, convertible bonds, options, and indexes, and include hedge fund and real-money counterparties. The role supports cash and synthetic Prime Brokerage and Equity Delta One businesses, facilitates client activity, manages portfolio exposures, and contributes to strategic platform development and risk-efficient growth.

The successful candidate will balance the Bank’s risk appetite with client needs, apply sound judgment, and make risk-informed decisions consistent with BMO’s Risk Management Framework, policies, laws, and regulations. The position also supports regulatory responses and crisis management, and promotes a productive, collaborative team environment.

Requirements

• Bachelor of Science in Quantitative Finance, Financial Engineering, Finance, Statistics, or a related discipline.
• Five to seven years of experience in Prime Finance risk or general experience with Delta One and Global Prime Finance trading.
• Experience with VaR and stress testing.
• Strong data querying and quantitative analysis skills.
• Strong understanding of equities products, including Delta One, swaps, and derivatives across asset classes.
• Strong understanding of market risk and counterparty risk processes and metrics.
• Knowledge of Prime financing platforms, asset types, market structure, and client investment strategies.
• In-depth verbal and written communication skills.
• In-depth collaboration and team skills.
• In-depth analytical and problem-solving skills.
• In-depth influence skills.

Nice To Haves

• Experience with Synthetic Prime.
• Knowledge of Python, SQL, and AI development tools.
• Ability to use data-querying skills to design risk dashboards, graphical user interfaces linked to internal databases, and enhanced risk reporting.
• Experience with data infrastructure transformation, financial engineering, or quantitative expertise in risk modeling and data analytics.
• Experience with risk decision-making authority carrying direct economic impact.

Responsibilities

• Manage client portfolio exposures and counterparty-related risk issues on a daily basis.
• Support counterparty and platform risk management for cash and synthetic Prime Brokerage and Equity Delta One business lines.
• Engage with clients throughout the client lifecycle and support prospective client pitches and term negotiations, including modeling commercial risk terms and constructing incentives for strategic, risk-efficient growth.
• Serve as a first line of defense in managing credit risk and monitoring platform exposure.
• Generate risk analytics and develop tools, dashboards, interfaces, and reporting to provide insights into emerging risk trends.
• Understand and communicate market and credit risks within Prime products to senior management and control functions.
• Evolve the risk framework and risk governance to maintain a sound control environment and support strategic platform development.
• Support senior team members with regulatory inquiries and periodic requests.
• Provide in-business coverage for emerging counterparty risk events and crisis management.
• Balance the Bank’s risk appetite with client needs when making recommendations and proposals; manage firm risk and take action to reduce exposure through client strategies.
• Support operational risk and platform trade processing associated with client counterparty risks.
• Maintain strong engagement with Sales, Trading, and other business members on client management and business initiatives.
• Analyze and communicate risk concerns internally and with control-function partners; identify and escalate emerging credit, market, operational, or legal risks.
• Assess new products and market stress events and proactively propose risk solutions.
• Facilitate new client trades and manage existing portfolio exposures, controlling market-driven counterparty risk as well as documentation, legal, and reputational risks.
• Work with Counterparty Credit, Credit Risk Management, and other stakeholders on onboarding, margin methodology implementation, ongoing client dialogue, and prompt escalation of issues.
• Develop strategic risk solutions, analytics, and platform enhancements to advance BMO’s competitive position.
• Maintain a productive and collaborative team culture.
• Ensure compliance with risk procedures and Global Finance and Global Markets policies.
• Apply the Risk Management Framework and act within the approved Risk Appetite, policies, laws, and regulations.
• Contribute to the BMO and BMO Capital Markets Prime Brokerage brand and maintain a commitment to and presence in the community.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in total compensation.
• Training and coaching, manager support, and network-building opportunities

What This Job Offers

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