Senior Market Risk Oversight & Governance Lead

Bank of Montreal (U.S.); United States; On-site; USD 139,000 - 247,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Performance-based incentives

Discretionary bonuses

Other perks and rewards

Job summary

Bank of Montreal is seeking a Senior Specialist-IC Market Risk Oversight & Governance I to oversee and report on market risk for a designated portfolio, developing governance frameworks, policies, and controls to improve transparency and accuracy.

You will coordinate with stakeholders to implement the methodology, metrics, and program standards, ensure regulatory compliance, and produce strategic reports for senior leadership.

Qualifications

• Master's degree in Business, Analytics, Data Science or related field (foreign education equivalent accepted) plus five years of experience in overseeing portfolio market risk and developing risk framework.
• Bachelor's degree in Business, Analytics, Data Science or related field (foreign education equivalent accepted) plus seven years of experience in overseeing portfolio market risk and developing risk framework.
• Experience must include preparing and presenting US Entity risk reports to risk and board committees; risk reporting using financial modeling applications and database queries; developing stress tests for interest rate and credit products; conducting market risk oversight reviews of new products; utilizing statistical and predictive analysis for inputs like FRTB and inventory.

Responsibilities

• Develop and monitor the market risk management framework including governance and practices across BMO to manage market risk.
• Provide policies, standards, methodologies, and controls to increase transparency, accuracy and consistency across groups.
• Implement methodology, metrics, and program standards for the assigned portfolio to ensure compliance and effective monitoring, timely reporting and action plans.
• Advise senior leaders on strategy and new initiatives, based on deep understanding of the business/group.
• Act as SME on relevant regulations and interpret new regulations affecting governance framework.
• Develop and report on status of governance programs to internal and external stakeholders.
• Recommend business priorities, resource needs, and develop roadmaps for strategic execution.
• Design and produce regular and ad-hoc reports and dashboards.
• Develop and manage information management systems and lead initiatives to improve processes and reporting.
• Participate in communication strategy development to influence behavior, and coordinate change management programs.

Job description

Bank of Montreal is seeking a Senior Specialist-IC Market Risk Oversight & Governance I to oversee and report on market risk for a designated portfolio, developing governance frameworks, policies, and controls to improve transparency and accuracy.

You will coordinate with stakeholders to implement the methodology, metrics, and program standards, ensure regulatory compliance, and produce strategic reports for senior leadership.