BMO U.S.
Director, Structural Market Risk - Non-Maturity Products Modeling
BMO U.S., Chicago, Illinois, United States, 60290
Director, Structural Market Risk - Non-Maturity Products Modeling
Join to apply for the Director, Structural Market Risk - Non-Maturity Products Modeling role at BMO U.S.
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.
Responsibilities
Foster a culture aligned to BMO purpose, values, and strategy and role model BMO values and behaviors.
Ensure alignment between values and behavior that fosters diversity and inclusion.
Build interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
Attract, retain, and enable the career development of top talent.
Improve team performance, recognize and reward performance, coach employees, support development, and manage poor performance.
Act as a trusted advisor to senior leaders for business decisions and implementation of strategic initiatives.
Develop an expert understanding of business/group challenges.
Provide structural market risk advice on funds transfer pricing policies to ensure appropriate risk-adjusted product pricing on retail and commercial products.
Lead the design, implementation, and management of core business/group processes.
Develop the business case by identifying needs, analyzing potential options, and assessing expected return on investment.
Recommend business priorities, advise on resource requirements, and develop roadmap for strategic execution.
Manage resources and lead the execution of strategic initiatives to deliver on business and financial goals.
Act as the prime subject matter expert for internal and external stakeholders and maintain primary stakeholder relationships.
Define business requirements for analytics and reporting to ensure data insights inform business decision making.
Design and produce regular and ad-hoc reports and dashboards.
Lead change management programs, including readiness assessments, planning, execution, evaluation, and sustainment of initiatives.
Oversee development and implementation of structural market risk models (e.g., valuation of embedded product options, customer behavioural models, VaR methodology).
Oversee back-testing and stress-testing to ensure the ongoing effectiveness of structural market risk models, recommending changes as appropriate.
Ensure compliance with model risk and market risk governance and provide financial instrument transaction oversight.
Qualifications
Typically 9+ years of relevant experience and post-secondary degree in a related field or equivalent combination of education and experience.
Professional designation in Finance or Risk management preferred.
Advanced degree in quantitative disciplines (Computer Science, Mathematics, Physics, Engineering, Statistics) or equivalent experience preferred.
Strong knowledge of Excel, Access, SQL, and VBA.
Experience in finance with exposure to risk management, financial market products, pricing, balance sheet/asset liability management.
Expert knowledge of quantitative modelling, statistics, risk, and financial metrics.
Excellent verbal and written communication skills.
Advanced analytical and problem-solving skills.
Expert collaboration, influence, and team skills with cross‑group focus.
Ability to manage ambiguity and make data‑driven decisions.
Salary $164,400.00 - $285,600.00
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.
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex, pregnancy, childbirth, or related medical conditions, sexual orientation, gender identity, gender expression, transgender status, age, protected veteran status, or disability. 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.
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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.
Responsibilities
Foster a culture aligned to BMO purpose, values, and strategy and role model BMO values and behaviors.
Ensure alignment between values and behavior that fosters diversity and inclusion.
Build interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
Attract, retain, and enable the career development of top talent.
Improve team performance, recognize and reward performance, coach employees, support development, and manage poor performance.
Act as a trusted advisor to senior leaders for business decisions and implementation of strategic initiatives.
Develop an expert understanding of business/group challenges.
Provide structural market risk advice on funds transfer pricing policies to ensure appropriate risk-adjusted product pricing on retail and commercial products.
Lead the design, implementation, and management of core business/group processes.
Develop the business case by identifying needs, analyzing potential options, and assessing expected return on investment.
Recommend business priorities, advise on resource requirements, and develop roadmap for strategic execution.
Manage resources and lead the execution of strategic initiatives to deliver on business and financial goals.
Act as the prime subject matter expert for internal and external stakeholders and maintain primary stakeholder relationships.
Define business requirements for analytics and reporting to ensure data insights inform business decision making.
Design and produce regular and ad-hoc reports and dashboards.
Lead change management programs, including readiness assessments, planning, execution, evaluation, and sustainment of initiatives.
Oversee development and implementation of structural market risk models (e.g., valuation of embedded product options, customer behavioural models, VaR methodology).
Oversee back-testing and stress-testing to ensure the ongoing effectiveness of structural market risk models, recommending changes as appropriate.
Ensure compliance with model risk and market risk governance and provide financial instrument transaction oversight.
Qualifications
Typically 9+ years of relevant experience and post-secondary degree in a related field or equivalent combination of education and experience.
Professional designation in Finance or Risk management preferred.
Advanced degree in quantitative disciplines (Computer Science, Mathematics, Physics, Engineering, Statistics) or equivalent experience preferred.
Strong knowledge of Excel, Access, SQL, and VBA.
Experience in finance with exposure to risk management, financial market products, pricing, balance sheet/asset liability management.
Expert knowledge of quantitative modelling, statistics, risk, and financial metrics.
Excellent verbal and written communication skills.
Advanced analytical and problem-solving skills.
Expert collaboration, influence, and team skills with cross‑group focus.
Ability to manage ambiguity and make data‑driven decisions.
Salary $164,400.00 - $285,600.00
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.
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex, pregnancy, childbirth, or related medical conditions, sexual orientation, gender identity, gender expression, transgender status, age, protected veteran status, or disability. 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.
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