Manager, Market Risk Capital

Application Deadline:

Address:
250 Yonge Street

The Manager, Market Risk Capital will play a key role in the accurate and timely reporting of FRTB capital, in-depth portfolio analytics, methodology deep dives, and rule change prototyping/impact assessment.

Responsibilities include

• Development of applications/tools to streamline data analytics, reporting capabilities and other ad-hoc requests
• Review, implement and update ad-hoc features of FRTB aggregation and analytics tools as requested by stakeholders
• Prototype new capital rules and provide stakeholders with impacts of changes, key drivers, potential mitigating actions, etc.
• Participate in capital deep dives for various trading desks or strategies, provide tools and results involved in investigations
• Respond to Market Risk Oversight and Front Office enquiries on capital footprint, calculation methodology, risk factor mapping details, etc.
• Provide in-depth analysis of changes in FRTB capital to stakeholders
• Produce and deliver necessary FRTB related regulatory reporting items in a timely and accurate manner

Qualifications

• Bachelor's/Master's degree in Mathematics, Physics, Actuarial Science, Financial Engineering, or related field, with 3+ years working experience in a quantitative role
• Strong programming skills (Python, SQL, VBA, etc.)
• In-depth knowledge of market risk management metrics
• Product knowledge across a broad range of asset classes
• In-depth knowledge of risk management and pricing theory
• Analytical mindset, strong attention to detail, and ability to communicate complex concepts clearly
• Capable to deliver robust, well-tested solutions within tight deadlines

Grade:
7
Job Category:
People Manager / Gestionnaire

Salary:

$68,000.00 - $126,000.00

Pay Type:

Salaried

The salary range provided reflects BMO Financial group's compensation range for the grade band associated with this position.

Salary placement within the range outlined above is role-based and will vary based on factors such as location, skills, experience, education and qualifications for the role, and may include a commission structure. These ranges were determined by a market-based compensation approach; we used data from trusted third-party compensation sources to set consistent, and competitive ranges. We regularly evaluate compensation, identify any changes in the market and adjust our ranges and existing employee compensation as needed.

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's comprehensive 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.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.