Manager, Risk Capital

Bank of Montreal; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player seeks a talented individual to join their Risk Capital team. This role involves analyzing regulatory credit demand capital trends and metrics, contributing to the development of portfolio management strategies, and ensuring compliance with Basel regulations. The ideal candidate will possess strong analytical and quantitative skills, with a solid foundation in SAS and SQL. This position offers an opportunity to work collaboratively across departments, driving impactful projects that enhance capital optimization strategies. Join a company that values innovation and growth, and make a meaningful impact from day one.

Benefits

Health Insurance

Tuition Reimbursement

Accident and Life Insurance

Retirement Savings Plans

Performance-Based Incentives

Discretionary Bonuses

Qualifications

• 3+ years experience in credit risk or capital management at a financial institution.
• Thorough understanding of Basel capital rules and risk management policies.

Responsibilities

• Analyze regulatory credit demand capital trends and metrics.
• Lead projects on RWA refinement and optimization.

Skills

SAS

SQL

Database Querying

Quantitative Skills

Analytical Skills

Communication Skills

Microsoft Office

Relationship Management

Education

Undergraduate Degree in Quantitative Discipline

Relevant Professional Designation (e.g., MBA, CFA)

Tools

Microsoft PowerBI

Job description

Application Deadline:

Address:

100 King Street West

Job Family Group:

Data Analytics & Reporting

Qualifications

• Undergraduate degree in a quantitative discipline preferably accompanied by a relevant professional designation (e.g. MBA, CFA, FPM, PRM) or equivalent business experience.
• Strong knowledge of SAS and SQL, database querying and programming experience is required.
• 3+ years business experience at a financial institution in credit risk or capital management is preferred.
• Thorough understanding of Basel capital rules, in particular, Standardized and Internal Rating Based (IRB) approaches for credit risk, as well as underlying principals includingparameter impacts on capital
• Knowledge of risk management policies and practices
• Strong quantitative skills.
• Excellent analytical skills.
• Excellent communication skills both written and verbal.
• Excellent working knowledge of Microsoft Office software (Excel, Word, PowerPoint, PowerBI).
• Strong relationship management skills

As part of the Risk Capital team in Credit Risk Management (CRM) within Enterprise Risk and Portfolio Management (ERPM), the incumbent is responsible for on-going analysis of regulatory credit demand capital trends and metrics and acting as subject matter expert for regulatory credit demand capital to facilitate the development of portfolio management and capital optimization strategies.

60% Regulatory Capital Analytics

• Contribute to the timely and accurate analysis of the monthly enterprise regulatory capital submissions, with a focus on Internal Rating Based (IRB) and Standardized Risk-Weighted Assets (RWA) under the Basel capital floor requirements, with particularly across lending portfolios.
• Support the development and completion of RWA credit migration forecasting, ensuring robust projection methodologies and alignment with risk and capital planning assumptions. Contribute to the annual Capital and Expected Loss (EL) planning processes, working closely with Finance and Risk partners to ensure consistency and accuracy.
• Produce regular and ad-hoc reports to explain period over period changes in RWA; summarize findings and prepare materials of briefing sessions, including monthly sign-off and approvals.
• Assist in the evaluation and optimization of the existing operational methods and workflows to increase efficiency and effectiveness. Engage and communicate with Business, Risk, Finance and Technology partners to build both short term and permanent solutions, lead execution of such when necessary.
• Partner with other teams across Risk, such as Stress Testing and Portfolio Management, and perform capital impact analysis under stressed scenarios.
• Review and assess changes to regulatory capital related business requirements, risk capital models, and corresponding solution documents. Perform User Acceptance Testing (UAT) and RWA impact analysis.
• Perform peer capital analysis including understanding of differences in portfolio characteristics.

20% Capital Related Projects

• Lead and execute projects on RWA refinement and optimization as needed. Identify the correct and optimal capital treatment of lending products by referencing the relevant regulatory guidelines. Discuss analysis with stakeholders and obtain concurrence from approvers. Drive the final implementation by working with partners across the Bank.

20% Regulatory Support

• Keep abreast of Basel regulations as well as internal regulatory processes to assist in the implementation of new regulations.
• Participate in ongoing OSFI quantitative impact studies and provide analytical support to Risk and Finance partners.
• Support the interpretation of regulatory capital policies and assist in determining guidance for Lines of Business and capital reporting functions; help identify key regulatory initiatives and assess their implications for capital requirements and reporting.

Salary:

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.