Senior Manager, Counterparty Credit Risk Analytics

BMO; Young; 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 Senior Manager, CCR Analytics to lead a team designing and overseeing counterparty credit risk measurement and analytics. Focus areas include PFE, settlement, stress testing, and ensuring model integrity, with insights for trading desks, risk oversight, and senior management.

The role combines advanced quantitative expertise with leadership to ensure CCR analytics are robust, scalable, and regulatory-compliant across portfolios.

Qualifications

• MSc or equivalent in Quantitative Finance, Mathematics, Statistics, Engineering, or related field.
• Nice to have: CFA or FRM.
• Experience 7–10 years in CCR analytics, market risk, or quantitative risk roles.
• Strong experience with exposure metrics (PFE, CVA, EE) and derivatives.
• Experience supporting regulatory deliverables and/or stress testing.
• Programming skills (Python/SQL) for analytics and automation.
• Familiarity with risk engines (Adaptiv or similar).

Responsibilities

• Lead CCR analytics and exposure measurement including PFE, MTM, and stress scenarios.
• Govern model usage across portfolios and collaborate with validation teams.
• Provide analytics on exposures, concentrations, and sensitivities to trading desks and risk teams.
• Lead regulatory reporting and stress testing deliverables.
• Ensure data integrity and implement data quality controls.
• Automate CCR analytics processes using Python/SQL.
• Coordinate with stakeholders across desks, risk, and technology.
• Lead and mentor a team of CCR analysts.

Skills

CCR Analytics

Exposure metrics

Python/SQL

Leadership

Model validation

Regulatory reporting

Communication

Education

MSc in Quantitative Finance or related field

CFA or FRM (nice to have)

Tools

Adaptiv

Python

Job description

Application Deadline: 11/29/2026 Address: 250 Yonge Street Job Family Group: Data Analytics & Reporting

Role Summary

The Senior Manager, CCR Analytics leads a team in the design, implementation, and oversight of counterparty credit risk measurement and analytics. The role focuses on delivering robust exposure methodologies (PFE, Settlement, stress), ensuring model usage integrity, and providing actionable insights to trading desks, risk oversight, and senior management. This role combines advanced quantitative expertise with leadership responsibilities, ensuring that CCR analytics frameworks are accurate, scalable, and aligned with regulatory expectations.

Key Responsibilities

• CCR Analytics & Exposure Measurement Lead the calculation, validation, and analysis of CCR metrics including: Potential Future Exposure (PFE) Settlement Mark to Market (MTM) Stress and scenario‑based exposures Oversee treatment of complex/non-standard trades and ensure appropriate modeling of exposures Identify weaknesses in pricing models and exposure methodologies; propose and implement improvements
• Methodology & Model Usage Governance Ensure appropriate application of CCR models and methodologies across portfolios Partner with model development and validation teams on: Model enhancements Performance monitoring Regulatory model reviews Provide subject matter expertise on CCR methodologies (netting, collateral, margining, wrong-way risk)
• Risk Insights & Business Support Provide analytics and insights to trading desks and portfolio managers on counterparty exposures, concentrations, and sensitivities Analyze drivers of exposure changes (market moves, trades, collateral) and communicate implications clearly Support business decisions including: Limit setting and utilization analysis Optimize trading PnL within risk appetite Support new initiatives such as new product or feature by analyzing impact to CCR and providing insight into mitigating them
• Regulatory & Stress Testing Deliverables Lead CCR analytics inputs into: Regulatory reporting Stress testing frameworks and scenario design Deliver high‑quality analytics supporting regulatory exams and internal governance reviews
• Data, Controls & Analytics Quality Ensure integrity and reconciliation of exposure data across systems Implement controls around: Input data quality Model outputs and reconciliations Exception handling and escalation Data Timeliness and system performance Work closely with infrastructure teams to enhance data pipelines and analytics performance
• Automation & Advanced Analytics Drive automation of CCR analytics processes (data ingestion, calculations, reporting) Leverage Python/SQL or similar tools to: Build analytical tools Perform deep‑dive analysis and scenario simulations Promote efficient, scalable analytics processes to support growing portfolios
• Stakeholder Management Liaise with: Trading desks (rates, FX, credit, commodities) Market Risk Oversight and Credit Risk teams Model development/validation and technology teams Ensure clear understanding of CCR exposures and methodologies across stakeholders
• Team Leadership Lead and mentor a team of CCR analysts/quantitative specialists Provide technical guidance on exposure methodologies and analytics Manage delivery timelines for BAU and regulatory commitments

Qualifications & Skills

• Education MSc or equivalent in Quantitative Finance, Mathematics, Statistics, Engineering, or related field
• Nice to have: CFA or FRM
• Experience 7–10 years in CCR analytics, market risk, or quantitative risk roles
• Strong experience with exposure metrics (PFE, CVA, EE) and financial products (Derivatives and Security Financing Transactions)
• Experience supporting regulatory deliverables and/or stress testing
• Technical Skills Deep knowledge of: Derivative pricing and exposure modeling Netting, collateral, CSA mechanics CCR regulatory frameworks (Basel / OSFI / Fed)
• Programming skills (Python/SQL preferred) for analytics and automation
• Familiarity with risk engines (e.g., Adaptiv or similar platforms)
• Familiarity with managing daily operations for risk or trading systems
• Soft Skills Strong analytical and critical thinking skills Ability to translate complex analytics into business insights Effective communication across technical and non-technical stakeholders Proven leadership and team management capability
• Role Impact Drives accuracy and robustness of CCR exposure measurement Influences: Risk appetite and limit decisions Pricing and trading strategies (via exposure and CVA insights) Regulatory capital and stress testing outcomes Acts as a key bridge between quantitative modeling, risk oversight, and business decision‑making

Salary: $80,000.00 - $175,000.00

Pay Type: Salaried

Benefits

• BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

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. 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. BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good.

Who we are

We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.