Manager - Risk Modeling and Analytics

Manager - Risk Modeling and Analytics

Location : Chicago, IL, USA

Please read the following job description thoroughly to ensure you are the right fit for this role before applying.

Time Type : Full time

Posted on : 4 Days Ago

Job Requisition ID : R240026140

Application Deadline : 10 / 27 / 2024

Address : 320 S Canal Street

Job Family Group : Data Analytics & Reporting

Applies mathematical and statistical methods to financial and risk management problems (e.g. internal controls; enterprise-wide stress testing and scenario analysis;

capital modelling; valuations). Through quantitative analytical modelling, identifies important factors to consider for financial disaster and recovery plans.

Conducts research and creates tools that use data to develop scenario-based planning and implements complex mathematical models to help the business make better financial decisions (e.

g. investments, pricing, etc.), drive innovation and minimize the impact of uncertainty.

• Develops pricing and quantitative risk models for an assigned portfolio e.g. fixed income, corporate credit and loans.
• Monitors risk in strategies and portfolios alongside project managers or functional leads.
• Conducts research and develops tools that use data to make better financial decisions; such as : investments, pricing, etc.
• Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
• Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.
• Documents data flow, systems and processes to improve the design, implementation and management of business / group processes.
• Conducts quantitative research in risks across strategies and portfolios.
• Focus is primarily on business / group within BMO; may have broader, enterprise-wide focus.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications :

Foundational level of proficiency :

• Regulatory capital and stress testing.
• Compliance and regulation.
• Machine learning.
• Learning Agility.
• Systems Thinking.

Intermediate level of proficiency :

• IFRS9 and CECL
• Model risk management.
• Data visualization.
• Data wrangling.
• Data preprocessing.
• Critical thinking.
• Driving Results.
• Verbal & written communication skills.
• Collaboration & team skills.
• Analytical and problem solving skills.
• Data driven decision making.

Advanced level of proficiency :

• Quantitative financial modeling.
• Computational thinking and programming (Python, PySpark, SAS).
• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Deep knowledge and technical proficiency gained through extensive education and business experience.

Salary : $87,000.00 - $161,400.00

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.

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.

We’re here to help

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.

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.

BMO is an equal opportunity / affirmative action employer.

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