Application Deadline:

03/03/2025

Address:

320 S Canal Street

Job Family Group:

Finance & Accounting

As a member of the QRM Architecture Team your role will be focused on supporting the design, testing, implementation and ongoing BAU support of BMO’s QRM Management Repository platform.   

 

·         Develop and maintain ETL transformation logic from source system to the QRM Framework leveraging QRM Management Repository (QRM MR)

·         Support the Monthly QRM Change Management Forum and maintain/update any required model documentation.

·         Explore continuous improvement opportunities to streamline the existing QRM MR implementation to improve processing times, reduce errors and improve data quality.

·         Work close with Technology & Operations (T&O) and Finance Transformation partners to implement processes to integrate QRM output into downstream management reporting systems to support Funds Transfer Pricing and Forecasting.

·         Collaborate with T&O partners in the development of business requirements and UAT testing of new, and modification of existing, upstream data sources.

·         Identify opportunities to streamline/enhance existing processes using automation where possible.

·         Maintain fulsome documentation for 2nd Line of Defense review as well as regulatory compliance.

·         Collaborate with Corporate Treasury's model development team in the review and design of behavioral models to ensure they can be implemented efficiently in QRM MR across all relevant use cases
 

 

Hands on experience working with financial data using QRM Management Repository (Preferred), BancWare BDI, Informatica, or other industry standard ETL tool required.

Supports the research and development of quantitative risk modeling methodologies and related strategies in support of managing structural market risks arising from business/group portfolios and products. Develops and implements models to ensure market risk in banking products are properly measured and support effective risk management practices. Works with internal and external stakeholders to ensure market risks are properly identified and understood with supporting models and strategies successfully implemented.

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.Provides structural market risk advice on funds transfer pricing polices to ensure appropriate risk-adjusted product pricing on retail and commercial products.Leads the design, implementation and management of core business/group processes.Develops the business case by identifying needs, analysing potential options and assessing expected return on investment.Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.Acts as the prime subject matter expert for internal/external stakeholders.Acts as the prime subject matter expert for internal/external stakeholders.Defines business requirements for analytics & reporting to ensure data insights inform business decision making.Designs and produces regular and ad-hoc reports, and dashboards.Leads change management programs of varying scope and type, including readiness assessments, planning, execution, evaluation and sustainment of initiatives.Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.Oversees development and implementation of structural market risk models (e.g. valuation of embedded product options, customer behavioural models, VaR methodology etc.).Oversees back-testing and stress-testing to ensure the on-going effectiveness of structural market risk models, recommending changes as appropriate.Ensures compliance with Bank Policies and Standards regarding financial models.Develops analytical solutions, models and methodologies used to manage risks related to the Bank’s portfolios and products e.g. valuations; hedging strategies, customer behaviour models, performance measurement, etc.Monitors the financial market environment and model performance impacts for optimal execution of risk strategies.Ensures compliance with model risk and market risk governance and provides financial instrument transaction oversight.Works closely with businesses and corporate partners to perform enterprise wise stress testing of the bank’s Net Interest Income in support of capital adequacy assessmentPerforms analytics and reporting of economic and P&L performance of Corporate Treasury as a result of its hedging, investment and funding activities.Researches industry best practices with respect to structural market risk modeling and methodologyDesigns and produces regular and ad-hoc reports, and dashboards.Monitors and tracks changes to position and component risk metrics over reporting periods; addresses and / or escalates any issues.Analyzes data and information to provide insights and recommendations.Works with various data owners to discover and select data from internal and external sources e.g. lending system, payment system, external credit rating system.Applies scripting / programming skills to assemble source data into structured datasets with multiple levels of granularities e.g., demographics, customers, products, transaction.Applies suitable statistical techniques to perform analysis e.g., A/B testing, mathematical models, algorithms, machine learning to test, verify, refine hypotheses.Collaborates with internal and external stakeholders to deliver on business objectives including third party suppliers.Builds effective relationships with internal/external stakeholders.Participates in the design, implementation and management of core business/group processes.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.

Qualifications:

Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.Professional designation in Finance or Risk management preferred.Advanced degree in Computer Science, Mathematics, Physics, Engineering, Statistics, or other quantitative disciplines and/or equivalent experience preferred.Strong knowledge of Excel, Access, SQL, VBA.Working experience in a Finance environment with exposure to one or more of the following:Risk management, financial market products and pricing, Balance Sheet / Asset Liability management.In-depth knowledge of quantitative modelling including understanding of statistics, risk and financial metrics.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.

Salary:

$120,000.00 - $222,600.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact.  We strive to help you make an impact from day one – for yourself and our customers.  We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.