Senior Analyst, Market Risk Capital

BMO; Toronto; Hybrid; CAD 56,000 - 120,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

Join BMO Financial Group as a FRTB BAU analyst responsible for deep operational analysis to support regulatory risk requirements for the trading desk. You will handle data validation, qualitative analysis, and governance across market risk analytics and reporting, while coordinating with Risk and Enterprise teams.

The role involves a hybrid work arrangement (3 days in-office) and supports expansion of team initiatives, audits, and ad hoc requests within risk infrastructure.

Qualifications

• 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.

Responsibilities

• Understand FRTB regulatory and business requirements; communicate trends and drivers affecting market risk profiles.
• Perform FRTB data validation checks per team mandates.
• Conduct qualitative analyses; identify, track, escalate, and resolve issues with market risk managers.
• Support maintenance and improvement of operational procedures for market risk analytics and reporting.
• Coordinate with stakeholders across Market Risk and Enterprise to ensure data lineage and governance.

Skills

Problem-solving

Analytical skills

Ambiguity management

Data analysis

Stakeholder communication

Education

Undergraduate and/or postgraduate degree in Engineering, Computer Science, Finance, Business

Tools

SQL

VBA

Excel formulas

JIRA

Python

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

$55,500.00 - $120,000.00

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.