Senior Analyst, Market Risk Capital

BMO; Toronto; Hybrid; CAD 56,000 - 103,500; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group in Canada is seeking an FRTB BAU analyst to perform operational in-depth analysis to support trading desk risk requirements. Hybrid work with in-office 3x per week.

The role covers data validation, issue tracking, governance, and collaboration with Market Risk and Enterprise teams, leveraging SQL, VBA and Excel.

Salary range CAD 56,000–103,500; salaried position with comprehensive benefits and potential incentives, reflecting location and experience.

Qualifications

• 1-3 years of relevant financial industry experience in regulatory reporting, data reconciliation or related role preferred.
• Knowledge of different financial instruments and market risk measures.
• Knowledge of different Capital Markets Products.
• In-depth knowledge of SQL, VBA and Excel formulas.
• Prior SDLC experience with JIRA is preferred.
• Prior academic or business Python coding experience would be an asset.
• Understanding of Enterprise Risk Management key policies and infrastructure would be an asset.

Responsibilities

• Understand FRTB regulatory and business requirements; analyze and communicate trends and drivers with respect to market risk profiles.
• Perform FRTB data validation checks as per team mandates.
• Conduct detailed qualitative analysis; identify, track, escalate, and resolve issues with market risk managers.
• Support maintenance and improvement of procedures to facilitate market risk analytics and reporting.
• Liaise with stakeholders across Market Risk and the Enterprise to ensure proper data lineage.

Education

Bachelor's degree in Engineering, Computer Science, Finance, Business or related discipline

Tools

JIRA

Job description

Hybrid requirement: 3x per week in office (subject to change)

Description

As a member of the FRTB (Fundamental Review of the Trading Book) BAU team, the analyst is primarily responsible for performing operational in-depth analysis to support the FRTB trading desk quantitative risk requirements. Additionally, the analyst is expected to answer to the extended scope of projects, audit requirements, ad hoc requests and expansion of the team’s responsibilities and mandate in the risk infrastructure area.

Key Accountabilities

Operational Review of FRTB production run

• Understand both FRTB regulatory and business requirements, analyze and communicate the trends, drivers and provide context therein with respect to changes in the market risk profile of each line of business
• Perform the FRTB data validation checks set out by the team’s mandates
• Diligently perform detailed qualitative analysis, identifying, tracking, escalating and/or resolving issues with market risk managers
• Support the maintenance and improvement of operational procedures and processes that facilitate the market risk analytics and reporting, distribute timely accurate and complete market risk measurement
• Liaise timely with the stakeholders across Market Risk and the Enterprise in efforts to ensure data lineage is properly accounted for and implemented in the enterprise market risk system
• Ensure strong governance and effective controls across activities and information in accordance with team, department, enterprise and Regulatorily
• Assist and collaborate in new and revised initiatives, reports and projects
• Manage the stakeholder requests, audit requirements and issues proficiently, professionally and expeditiously
• Proactively assist and support the functions and tasks of the team

Qualifications

• Knowledge:
• 1-3 years of relevant financial industry experience in regulatory reporting, data reconciliation or related role preferred
• Knowledge of different financial instruments and market risk measures
• Knowledge of different Capital Markets Products
• In-depth knowledge of SQL, VBA and Excel formulas
• Prior SDLC experience with JIRA is preferred
• Prior academic or business Python coding experience would be an asset
• Understanding of Enterprise Risk Management key policies and infrastructure would be an asset
• Skills:
• Undergraduate and/or postgraduate degree in Engineering, Computer Science, Finance, Business or related discipline
• Strong problem-solving and analytical skills, ability to cope with a high degree of ambiguity and change
• Strong work ethic, detail-oriented, ability to prioritize and manage tasks and deadlines

Salary

$56,000.00 - $103,500.00

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.

• 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