Manager, Balance Sheet Management

Bank of Montreal; Toronto; On-site; CAD 80,000 - 175,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Life insurance

Retirement savings

Job summary

Bank of Montreal is seeking a Manager, Balance Sheet Management in Toronto to oversee structural balance sheet risk and liquidity. You will leverage data, reporting, scenario analysis, and Python-based tools to deliver insights that influence the bank's financial performance.

The role evolves from risk monitoring and reporting to leading projects, enhancing analytics, and building innovative solutions in balance sheet management.

Qualifications

• Typically 5–7 years of relevant experience or an equivalent combination of education and experience.
• Post-secondary Accounting, Finance, Mathematics or related degree.
• Finance experience with risk management and derivatives is preferred.
• Experience in financial modelling including statistics or quantitative metrics.
• Strong communication and collaboration skills; data-driven decision making.

Responsibilities

• Supports short- and long-term management of structural balance sheet and liquidity portfolio.
• Executes a framework to optimize market risk exposures from interest rate and FX changes.
• Develops hedging strategies to optimize risk-return.
• Maintains knowledge of regulatory requirements and monitors risk.
• Identifies trends and recommends actions; advises on interest rate, funding, and FX implications.
• Delivers balance sheet insights through data, reporting, and dashboards.

Skills

Risk management

Financial modelling

Data analysis

Communication

Team collaboration

Analytical thinking

Education

Accounting/Finance/Math degree

Job description

Application Deadline: 09/24/2026 Address: 100 King Street West Job Family Group: Finance & Accounting

The Manager, Balance Sheet Management role offers a rare opportunity to gain exposure to the strategies, analytics, and financial risk insights that help shape key business decisions across the bank. Joining a growing and highly specialized team, you'll leverage data, reporting, scenario analysis, and Python-based tools to deliver insights that influence the bank's financial performance. While the role begins with foundational responsibilities such as risk monitoring, reporting, and operational support, it quickly evolves into leading projects, enhancing analytical capabilities, and building innovative solutions. Ideal for a curious, quantitatively strong professional with an MBA, CFA, Master of Finance, or similar background, this is an exceptional opportunity to deepen your understanding of how the bank operates, develop sought-after expertise in balance sheet management, and make a meaningful impact.

Supports the short- and long-term management of the Bank’s structural balance sheet and supplemental liquidity portfolio.

Executes a management framework that optimizes structural market risk exposures due to interest rate and foreign exchange changes over both the short- and long-term.

Develops cost-effective hedging strategies that optimize risk-return.

Maintains knowledge of regulatory requirements and developments, monitors risk, and identifies and corrects possible gaps and weaknesses.

Identifies and recommends actions based on market trends and regulatory developments.

Acts as a trusted advisor to assigned business/group.

Collaborates with stakeholders to advise on management of interest rate, funding, and foreign exchange implications relating to funding and/or new product initiatives.

Influences and negotiates to achieve business objectives.

Recommends strategies for structural market risk positioning, hedging, and supplemental portfolio management based on analysis of issues and implications for the business.

Assists in the development of strategic plans.

Identifies emerging issues and trends in the market environment and market risk; recommends changes to strategies, programs , and plans to mitigate emerging risks.

Builds effective relationships with internal/external stakeholders.

Ensures alignment between stakeholders.

Breaks down strategic problems, and analyses data and information to provide balance sheet management related insights and recommendations.

Monitors and tracks balance sheet performance / structural drivers’ performance, and addresses any issues.

Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.

Leads in the design, implementation and management of core business/group processes.

Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.

Provides advice and guidance to assigned business/group on implementation of solutions.

Coordinates and executes specific activities for the implementation of strategic initiatives; includes tracking metrics and milestones.

Collaborates with internal and external stakeholders to deliver on business objectives.

Supports development of corporate standards, operating principles, and guidelines in conjunction with market risk, business, and finance stakeholders.

Analyzes data and information to provide insights and recommendations.

Monitors market and regulatory developments to assess impacts to strategies, programs, and plans.

Gathers and formats data into regular and ad-hoc reports, and dashboards.

Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.

Supports the design and implementation of specialized risk management technologies to improve processes, enhance analysis, and/or streamline reporting (e.g. daily risk capture, mismatch and basis risk analytics, and management).

Participates in the design, implementation, and management of core business/group processes.

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. Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Qualifications:

• Typically 5-7 years of relevant experience or an equivalent combination of education and experience.
• Post secondary Accounting, Finance, Mathematics or related degree.
• Finance / business experience with risk management and working knowledge of derivatives preferred.
• Exposure to one or more of the following: risk management, financial market instruments, trading and derivative operations, risk systems, hedge accounting, risk management related to asset liability / treasury.
• Experience in financial modelling including statistics, risk, or other quantitative metrics.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Salary: $80,000.00 - $175,000.00 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.

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.

We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.

BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good.