Asset Liability Management Analyst
Asset Liability Management Analyst
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Job Description
Application Deadline:
Address:
250 Yonge StreetJob Family Group:
We are seeking a detail-oriented and analytically driven ALM Analyst to join the insurance investment department in BMO Life Assurance with strong interest in asset and liability management. The successful candidate will support management of asset liability risk and optimize the investment portfolio in line with the insurance liabilities regulatory requirements and strategic objective. This role involves conducting quantitative analysis developing ALM models and contributing to strategic asset allocation and risk management.
Key Responsibilities:
ALM Analysis
Develop maintain and enhance ALM process and discount rate models.
Build an earning by source analysis for valuation process.
Perform duration and cash flow matching analysis to minimize interest rate/convexity and reinvestment risk.
Conduct scenario analysis including dynamic ALM modeling under various interest rate and credit spread scenarios.
Investment and Liability Integration
Work with investment teams to align asset strategies with liability profiles.
Analyze the impact of product guarantees and embedded derivatives on ALM strategies.
Provide input into the Strategic Asset Allocation and Tactical Asset Allocation process to ensure alignment with liability needs.
Develop surplus optimization and capital planning from portfolio management perspective.
Regulatory and Reporting
Prepare ALM reports and dashboards for internal stakeholders investment committees and regulatory submissions.
Identify and monitor key economic risks.
Qualifications:
Education: Bachelors or masters degree in actuarial science finance mathematics statistics or computer science. Progress toward or completion of professional certifications (ASA/FSA CFA) is an advantage.
Experience: Minimum 3 years of experience in ALM actuarial investment risk preferred in life insurance or treasury function.
Technical skills:
Experience with Bloomberg AIM MARS module is a plus.
Proficiency in Python and Strong Excel skills.
Experience with Moodys Analytics.
Salary:
Pay Type:
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.
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:
IC
Employment Type
Full-Time
