Manager - Risk Modeling and Analytics
Manager - Risk Modeling and Analytics
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$ 87000 - 161400
1 Vacancy
Job Description
Application Deadline:
Address:
320 S Canal StreetJob Family Group:
Data Analytics & ReportingApplies mathematical and statistical methods to financial and risk management problems (e.g. internal controls; enterprisewide stress testing and scenario analysis; capital modelling; valuations). Through quantitative analytical modelling identifies important factors to consider for financial disaster and recovery plans. Conducts research and creates tools that use data to develop scenariobased planning and implements complex mathematical models to help the business make better financial and financial decisions (e.g. investments pricing etc. drive innovation and minimize the impact of uncertainty.
- Develops pricing and quantitative risk models for an assigned portfolio e.g. fixed income corporate credit and loans.
- Monitors risk in strategies and portfolios alongside project managers or functional leads.
- Conducts research and develops tools that use data to make better financial decisions; such as: investments pricing etc.
- Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
- Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.
- Documents data flow systems and processes to improve the design implementation and management of business/group processes.
- Conducts quantitative research in risks across strategies and portfolios.
- Focus is primarily on business/group within BMO; may have broader enterprisewide focus.
- Provides specialized consulting analytical and technical support.
- Exercises judgment to identify diagnose and solve problems within given rules.
- Works independently and regularly handles nonroutine situations.
- Broader work or accountabilities may be assigned as needed.
Qualifications:
Foundational level of proficiency:
- Regulatory capital and stress testing.
- Compliance and regulation.
- Machine learning.
- Learning Agility.
- Systems Thinking.
Intermediate level of proficiency:
- Model risk management.
- Data visualization.
- Data wrangling.
- Data preprocessing.
- Critical thinking.
- Driving Results.
- Verbal & written communication skills.
- Collaboration & team skills.
- Analytical and problem solving skills.
- Data driven decision making.
Advanced level of proficiency:
- Quantitative financial modeling.
- Computational thinking and programming.
- Typically between 5 7 years of relevant experience and postsecondary degree in related field of study or an equivalent combination of education and experience.
- Deep knowledge and technical proficiency gained through extensive education and business experience.
Salary:
$87000.00 $161400.00Pay Type:
SalariedThe above represents BMO Financial Groups 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 parttime roles will be prorated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.
BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performancebased 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/global/en/TotalRewards
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. Well support you with the tools and resources you need to reach new milestones as you help our customers reach theirs. From indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.
To find out more visit us at http://jobs.bmo/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race religion color national origin sex (including pregnancy childbirth or related medical conditions) sexual orientation gender identity gender expression transgender status sexual stereotypes age status as a protected veteran status as an individual with a disability or any other legally protected characteristics. We also consider applicants with criminal histories consistent with applicable federal state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an email to and let us know the nature of your request and your contact information.
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.
Required Experience:
Manager
Employment Type
Full Time
