VP, Global Finance Risk / Prime Services Risk

BMO•New York, NY

1d•Onsite

About The Position

BMO Capital Markets is seeking a Vice President for its Global Finance Risk team, based in its New York office. The role manages risk across prime services, counterparty credit, and the business, and develops the risk framework, including margin risk methodologies. The position provides direct risk oversight of a business supporting sophisticated counterparties and structured financing activity, requiring technical risk expertise and sound judgment beyond routine monitoring. The global platform includes Prime Brokerage and swap offerings across the US, Canada, and the UK, serving hedge fund and real-money counterparties with portfolios across a broad range of asset classes and investment strategies. The role works closely with trading, credit, market risk, counterparty risk, sales, the front office, and other control functions to ensure comprehensive risk coverage. It includes stress testing and scenario analysis, daily management of client portfolio exposures, support for platform and operational risk, client engagement throughout the relationship lifecycle, and participation in prospective client pitches and term negotiations. The position also supports regulatory responses, addresses emerging counterparty risk events and crisis management, and develops analytics, strategic risk solutions, and platform enhancements. The Vice President is expected to balance the Bank’s risk appetite with client needs, manage and reduce firm exposure, comply with applicable policies and regulations, and make sound risk-informed decisions aligned with business strategy. The role also contributes to a productive, collaborative team culture and to BMO’s Prime Brokerage brand and community presence.

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 teamwork skills.
In-depth analytical and problem-solving skills.
In-depth influence skills.

Nice To Haves

Knowledge of Python, SQL, and AI development tools.
Experience using data-querying skills to design risk dashboards, graphical user interfaces linked to internal databases, and enhanced risk reporting.
Experience with Synthetic Prime.
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 daily and address counterparty-related risk issues.
Support counterparty and platform risk management for BMO’s cash and synthetic Prime Brokerage and Equity Delta One businesses.
Engage with clients throughout the relationship lifecycle, including prospective client pitches, term negotiations, and ongoing client dialogue.
Model commercial risk terms and construct incentives that support strategic, risk-efficient returns growth.
Act as a first line of defense in managing credit risk and monitoring platform exposure.
Support operational risk management and platform trade processing associated with client counterparty risks.
Generate risk analytics and develop tools, dashboards, and reporting to provide insight into exposures and emerging risk trends.
Analyze and communicate market and credit risks in Prime products to senior management and control functions.
Develop and evolve the risk framework, margin methodologies, governance, and controls to support a sound control environment and strategic platform development.
Conduct stress testing and scenario analysis for the business.
Identify and escalate emerging credit, market, operational, and legal risks to senior management and Global Finance management.
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 and documentation, legal, and reputational risks.
Work with Counterparty Credit, Credit Risk Management, and other stakeholders on new-client onboarding, margin methodology implementation, and ongoing client issues.
Support senior team members in responding to regulatory inquiries and periodic requests.
Provide in-business coverage for emerging counterparty risk events and crisis management.
Develop strategic risk solutions, analytics, and platform enhancements to advance BMO’s competitive position.
Apply the Risk Management Framework and operate within approved risk appetite, policies, standards, procedures, laws, and regulations.
Maintain a positive, productive, and collaborative team environment.
Contribute to the BMO and BMO Capital Markets Prime Brokerage brand and maintain a presence in the community.