Managing Director, Head of Global Liquidity & Funding Management

Address:

Strategically builds manages and executes an advanced and effective liquidity and funding management framework across the Bank through the oversight and recommendation of the Banks liquidity and funding risk appetite statement. Liquidity and Funding are both viewed to be scarce Enterprise resources that require optimization. Leads the optimization of liquidity and funding risk across the Enterprise to maximize risk-adjusted profitability requiring extremely deep product knowledge across various businesses and products on the entire balance sheet a good grasp of technology and data management systems and a comprehensive understanding of industry best practices. Oversees development and maintenance of advanced models and assumptions used to understand and quantify the Banks liquidity and funding risk exposures. Using models and assumptions to measure the Banks risk exposure inform product pricing and business strategies in all lines of business and drive effective performance management predicts how customers and markets may perform in normal course and in periods of idiosyncratic and/or systemic stress to help determine the Banks liquidity management strategy and contingent liquid asset and funding requirements. Envisions and implements the Banks liquidity risk measurement and reporting infrastructure that is used by both the first and second line of defence to meet their respective mandates as well as a communication medium for lines of businesses. Ensures on-going compliance with relevant risk modeling and regulatory requirements and benchmarks liquidity risk practices against peers.

Provides subject matter expertise for the Bank on liquidity and funding matters inherent in Recovery and Resolution Planning and consideration of solo liquidity implications which have a profound impact on the organizational structure and enterprise and legal entity P&L across the Bank.

Key Accountabilities:

Recommends the Enterprises liquidity and funding risk management strategy annually to Senior Executives and the Board (Treasurer CFO RRC) for -recommends overall and segmented Board and management risk appetite and limits with Market Risk Management. Ensures the Banks Contingency Funding Plan is effective and comprehensive.

Leads all Parent Bank liquidity and funding risk modeling activities and facilitates effective integrated Enterprise management of liquidity and funding risk with the Banks largest foreign subsidiary BMO Financial Corporation.

Oversees development and maintenance of the model and assumption framework and models and assumptions used to measure liquidity and funding risk. Ensures the framework and individual models and assumptions meet the requirements of Market Risk Model Validation and Model Governance groups. Recommends model and assumption changes as required.

Ensures the Enterprise has a sufficient amount and appropriate type of High-Quality Liquid Assets to mitigate the liquidity and funding risks of the Enterprise.

Acts as key liaison with LOB executives and leaders in the risk assessment of liquidity and funding risk in their business. This includes review and approval of new business initiatives and acquisitions. Reviews liquidity objectives positions and assumptions regularly with the business.

Informs business product pricing and strategic and tactical business decision-making through transmission of liquidity and funding costs through the Funds Transfer Pricing and Liquidity Transfer Pricing processes.

Establishes and maintains an advanced and robust risk measurement capability that provides liquidity and funding risk metrics and supports effective management and oversight of liquidity and funding risk across the first and second line. This includes daily weekly and monthly risk capture. Leads risk analytic assessment activities to explain risk drivers and changes to inform management decisions. Leads technology initiatives from the business side to deliver management and regulatory projects as required.

Oversees liquidity stress testing processes as part of the Enterprise-Wide Stress Testing OSFI Macro-Stress Testing and ad hoc processes.

Partners with and provides direction to subsidiary management to ensure subsidiary liquidity and funding frameworks are effective.

Monitors the market environment and industry best practices to ensure BMO capabilities continue to meet management and regulatory expectations.

Develops policies standards and procedures to identify measure and manage liquidity and funding risks in conjunction with Market Risk Management LOBs and other Finance areas.

Represents the Bank on industry specialty groups and with regulators to advocate the Banks position on market or regulatory developments. Provides updates to Senior Leaders on implications of regulatory changes and insight on peer positions.

Maintains relationships within the industry to understand the evolution of Corporate Treasury best practices.

Provides advice and guidance to Senior Leaders on potential appropriate actions during times of economic and market stresses.

Identifies and recommends actions and best practices to Senior Executives based on market trends or regulatory developments to ensure the Bank is at the forefront of an optimal liquidity and funding management function.

Qualifications:

One or more of the following: MBA Finance CA CFA Advanced Math Degree

15 years of experience in Treasury Market Risk or Capital Markets

Expert knowledge of the financial markets and products

Knowledge of best practices of quantitative modeling and experience with development and implementation of financial models

Expert knowledge of risk management and financial analysis

Strong knowledge of the Banks structure key product offerings product and trading systems

Deep understanding of the function as outlined and of related industry best practices

Knowledge of economic social and political forces and marketplace trends

Able to apply designation/education and financial experience in a financial services organization

Strong knowledge of systems development and architecture used to manage liquidity and funding risk models reporting and data warehousing.

Excellent communication skills both verbal and written

Ability to manage multiple tasks in fast paced and evolving environment and meet timelines without compromising the integrity of the information

Conceptual and strategic thinker

Ability to influence senior leaders and other internal and external stakeholders

Strong interpersonal and leadership skills

Excellent organizational and analytical skills

Ability to synthesize technical information

Strong customer service focus

Please note the base salary range for this position is CDN $180000.00 to CDN $215000.00

The 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 part-time roles will be pro-rated 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 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: 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 in-depth training and coaching to manager support and network-building opportunities well help you gain valuable experience and broaden your skillset.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others 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.