Manager, Regulatory & Economic Capital

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 in Toronto is seeking a capital analytics professional to own the Regulatory Capital forecasting, production, and analytics, and to support capital planning and stress testing.

The role covers analytics across Economic Capital, ICAAP, and capital initiatives, with collaboration with Finance, Risk, and Technology, requiring SAS/Python/SQL and advanced Excel/Power BI skills.

Qualifications

• Undergraduate degree in a quantitative discipline or equivalent experience.
• Relevant professional designation (FRM, PRM, CFA, SOA) or equivalent experience is an asset.
• Strong SAS / Python / SQL proficiency with hands‑on capital or risk analytics.
• 3+ years of Regulatory Capital, credit risk, or capital analytics within a financial institution.
• Understanding of Basel Regulatory Capital frameworks (Standardized & IRB).
• Knowledge of Economic Capital and ICAAP concepts.
• Familiarity with OSFI CAR and ICAAP expectations.
• Strong analytical, communication, and stakeholder‑management skills.
• Advanced working knowledge of Excel, Power BI, and PowerPoint.

Responsibilities

• Execute the Regulatory Capital forecast, including credit migration analysis and forward‑looking impacts.
• Support annual Regulatory Capital and EL planning through forecast assumptions, analysis, and documentation.
• Provide forward‑looking Regulatory Capital insights to support capital planning and stress testing.
• Run the monthly Regulatory Capital production process, including data preparation, validation, reconciliations, and control checks.
• Analyze and explain period‑over‑period RWA movements and drivers.
• Prepare Regulatory Capital reporting and materials for senior management and governance forums.
• Coordinate with Finance, Risk, and Technology to resolve data, model, or process issues.
• Partner with Stress Testing and Portfolio Management to assess Regulatory Capital under stressed scenarios.
• Perform portfolio‑level analysis to understand differences in regulatory capital outcomes.
• Support interpretation of regulatory capital policies for internal stakeholders.
• Support Economic Capital analysis and monthly reporting, including ICAAP submissions.
• Analyze movements in Economic Capital metrics and ensure consistency across views.
• Assist with annual Economic Capital model validation and remediation.
• Provide Economic Capital insights for capital demand and portfolio decisions.
• Perform UAT and capital impact analysis for Basel and ICAAP model changes.
• Support RWA refinement and capital optimization initiatives.
• Contribute to SAS / Python / SQL updates for model changes.

Skills

SAS / Python / SQL proficiency

Regulatory Capital analytics

Analytical & communication skills

Excel / Power BI / PowerPoint

Education

Undergraduate degree in a quantitative discipline

FRM / PRM / CFA / SOA designation (asset)

Tools

SAS

Python

SQL

Job description

Key Responsibilities:

60% Regulatory Capital – Forecast, Production & Analytics

Forecast Execution (~20%)

• Execute the Regulatory Capital and RWA forecast, including credit migration analysis and forward‑looking impacts.
• Support annual Regulatory Capital and Expected Loss (EL) planning through forecast assumptions, analysis, and documentation.
• Provide forward‑looking Regulatory Capital insights to support capital planning and stress testing.

Monthly Production & Controls (~20%)

• Run the monthly Regulatory Capital production process, including data preparation, validation, reconciliations, and control checks.
• Analyze and explain period‑over‑period RWA movements, identifying drivers related to portfolio mix, risk parameters, regulatory treatment, and methodology changes.
• Prepare Regulatory Capital reporting, commentary, and materials for senior management and governance forums.
• Coordinate with Finance, Risk, and Technology partners to resolve data, model, or process issues.

Regulatory Capital Analytics & Support (~20%)

• Partner with Stress Testing and Portfolio Management teams to assess Regulatory Capital impacts under stressed and adverse scenarios.
• Perform peer and portfolio‑level analysis to understand differences in regulatory capital outcomes and regulatory treatment.
• Support interpretation of regulatory capital policies and requirements for internal stakeholders.

25% Economic Capital & ICAAP

• Support Economic Capital analysis and monthly reporting, including contributions to the ICAAP submission.
• Analyze and explain movements in Economic Capital metrics and ensure consistency across Regulatory Capital, Economic Capital, and stress testing views.
• Assist with annual Economic Capital model validation, including analysis, documentation, and remediation activities.
• Provide Economic Capital insights to support capital demand and portfolio decision‑making.

15% Methodology, UAT & Capital Initiatives

• Perform User Acceptance Testing (UAT) and capital impact analysis for changes to regulatory or economic capital models, methodologies, or reporting infrastructure.
• Support implementation of changes related to Basel and OSFI capital requirements, including CAR and ICAAP.
• Contribute to RWA refinement and capital optimization initiatives.
• Support required SAS / Python / SQL updates related to model, methodology, or production changes.

Qualifications

• Undergraduate degree in a quantitative discipline (e.g., Actuarial Science, Applied Mathematics, Statistics, Quantitative Finance) or an equivalent combination of education and experience.
• Relevant professional designation (FRM, PRM, CFA, SOA) or equivalent experience is an asset.
• Strong SAS / Python / SQL proficiency with hands‑on experience in capital or risk analytics.
• 3+ years of experience in Regulatory Capital, credit risk, or capital analytics within a financial institution.
• Strong understanding of Basel Regulatory Capital frameworks, including Standardized and IRB approaches.
• Working knowledge of Economic Capital and ICAAP concepts.
• Familiarity with OSFI Capital Adequacy Requirements (CAR) and ICAAP expectations.
• Strong analytical, communication, and stakeholder‑management skills.
• Advanced working knowledge of Excel, Power BI, and PowerPoint.

Salary** :**

Pay Type:

$80,000.00 - $175,000.00

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.