Asset Liability Management Analyst

BMO Financial Group; Toronto; On-site; CAD 94,000 - 176,000; Full time

Job summary

A leading financial services company in Toronto is seeking an ALM Analyst to support management of asset liability risk and optimize investment portfolios. Candidates must have at least 3 years of experience in ALM and a degree in a relevant field. Skills in Python and Excel are essential. This role offers a competitive salary range of $94,600 to $176,000, with additional benefits such as health insurance and retirement plans.

Benefits

Health insurance

Tuition reimbursement

Retirement savings plans

Performance-based incentives

Discretionary bonuses

Qualifications

• 3+ years of experience in ALM, actuarial, or investment risk.
• Progress toward or completion of professional certifications is an advantage.

Responsibilities

• Develop, maintain, and enhance ALM process and discount rate models.
• Build an earning by source analysis for valuation processes.
• Perform duration and cash flow matching analysis.
• Conduct scenario analysis under various interest rate and credit spread scenarios.

Skills

Detail-oriented

Analytical thinking

Proficiency in Python

Strong Excel skills

Education

Bachelor’s or Master’s degree in actuarial science, finance mathematics, statistics or computer science

Tools

Bloomberg AIM

Moody’s Analytics

Job description

Overview

Application Deadline: 09/29/2025

Address: 250 Yonge Street

Job Family Group: Customer Solutions

We are seeking a detail-oriented and analytically driven ALM Analyst to join the insurance investment department in BMO Life Assurance with strong interest in asset and liability management. The successful candidate will support management of asset liability risk and optimize the investment portfolio in line with the insurance liabilities, regulatory requirements, and strategic objective. This role involves conducting quantitative analysis, developing ALM models and contributing to strategic asset allocation and risk management.

Responsibilities

• ALM Analysis: Develop, maintain, and enhance ALM process and discount rate models.
• Valuation and cash flow: Build an earning by source analysis for valuation process.
• Risk management: Perform duration and cash flow matching analysis to minimize interest rate/convexity and reinvestment risk.
• Scenario analysis: Conduct scenario analysis, including dynamic ALM modeling under various interest rate and credit spread scenarios.

• Investment and Liability Integration: Work with investment teams to align asset strategies with liability profiles.
• Product impact: Analyze the impact of product guarantees and embedded derivatives on ALM strategies.
• Strategic alignment: Provide input into the Strategic Asset Allocation and Tactical Asset Allocation process to ensure alignment with liability needs.
• Capital planning: Develop surplus optimization and capital planning from portfolio management perspective.

• Regulatory and Reporting: Prepare ALM reports and dashboards for internal stakeholders, investment committees and regulatory submissions.
• Risk monitoring: Identify and monitor key economic risks.

Qualifications

• Education: Bachelor’s or master’s degree in actuarial science, finance mathematics, statistics or computer science. Progress toward or completion of professional certifications (ASA/FSA, CFA) is an advantage.
• Experience: Minimum 3 years of experience in ALM, actuarial, investment risk, preferred in life insurance or treasury function.

Technical skills

• Software: Experience with Bloomberg AIM, MARS module is a plus.
• Programming & analytics: Proficiency in Python and strong Excel skills.
• Analytics: Experience with Moody’s Analytics.

Salary: $94,600.00 - $176,000.00

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 https://jobs.bmo.com/ca/en

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.

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.