Manager, Balance Sheet Management

BMO; Toronto; On-site; CAD 80,000 - 175,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group is seeking a Manager, Balance Sheet Management to drive analytics, reporting, and risk insights shaping key business decisions. You’ll leverage data, scenario analysis, and Python-based tools to influence the bank’s financial performance.

The role starts with risk monitoring and reporting, then leads projects, enhances analytics, and builds innovative solutions. An MBA/CFA/Master of Finance background is ideal to deepen expertise and impact.

Qualifications

• 5-7 years of relevant experience or equivalent combination of education and experience.
• Accounting/Finance-related degree required.
• Finance/business experience with risk management and derivatives preferred.
• Exposure to risk management, financial instruments, trading and derivative operations, risk systems, hedge accounting, liability/treasury risk.
• Experience in financial modelling including statistics, risk, or other quantitative metrics.
• Strong communication, collaboration, analytical and influencing abilities.
• Data-driven decision making in a complex risk environment.

Responsibilities

• Acts as a trusted advisor to assigned business/group.
• Collaborates with stakeholders to advise on management of interest rate, funding, and FX implications.
• Influences and negotiates to achieve business objectives.
• Recommends strategies for structural market risk positioning, hedging, and portfolio management.
• Assists in the development of strategic plans.
• Identifies market and regulatory trends and recommends changes to strategies and plans.
• Builds relationships with stakeholders and ensures alignment.
• Breaks down strategic problems and analyzes data to provide balance sheet insights.
• Monitors balance sheet performance and addresses issues.
• Leads change management and implements strategic initiatives.
• Supports development of corporate standards and risk management processes.
• Gathers data into reports and dashboards.
• Supports design and implementation of risk management technologies.

Skills

Verbal & written communication

Analytical thinking

Collaboration

Influence skills

Data-driven decision making

Education

Post secondary Accounting, Finance, Mathematics or related degree

Tools

Derivatives knowledge

Risk management systems

Hedge accounting

Risk modelling

Job description

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 optimises 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 optimise 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. 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.