In this individual contributor level role, you will have access to understand the entire balance sheet of the bank including banking book and trading book. Role is to assess the stress scenario and look through and how it would impact the balance sheet based on what happens in the market / economics. You will have opportunity to gain deep understanding on how the trading pieces work.
Corporate Treasury is responsible in finding the best ways for BMO to deploy its financial resources within regulatory guidelines and the bank's risk appetite. Treasury manages the allocation of financial resources, including liquidity, funding, and capital, ensuring financial resiliency and alignment with building a future-ready bank with leading profitability. Treasury teams are strategically focused, have a collaborative nature, and possess strong problem-solving skills.
Liquidity and Funding Management within Corporate Treasury is accountable for the measurement, analysis, and oversight of the Bank’s regulatory and internal liquidity and funding risks that arise from global businesses. The individual will partner with senior management to develop a solid understanding of business strategies and develop in-depth product, market and regulatory knowledge across retail and trading products. This knowledge will guide businesses and senior management on liquidity and funding risk mitigation, product development, and balance sheet optimization.
The candidate is part of a team that is accountable for the quantitative measurement and analysis of the bank’s liquidity and funding risks that arise from global business activities through the development of quantitative and stress testing models. This involves utilizing the latest modeling methodologies and applying those methodologies to build robust risk models to support Corporate Treasury’s liquidity risk framework and business decisions.
The candidate will support the enhancement of the liquidity risk framework, including risk assessment, measurement, limit methodologies and development, report automation, and participation in cross-departmental projects. The role’s primarily focus will be on the execution of enterprise stress testing, including the implementation and maintenance of models and processes used to systematically measure funding and liquidity risks across the bank’s balance sheet.
Key Responsibilities and Requirements
Collaborate with Businesses, and Finance and Risk partners across the stress testing programs (e.g. enterprise-wide, Regulatory and ad-hoc stress testing) to evaluate the potential impact to the bank’s balance sheet, funding capability and liquidity position under stress scenarios.
Responsible for liquidity stress testing programs that evaluate liquidity and funding risks under stress scenarios, including in-depth analysis to identify potential vulnerabilities and continuous enhancements to meet evolving internal and regulatory expectations.
Participate in stress testing enhancements to improve accuracy, efficiency, and controls.
Recommends and implements liquidity and funding solutions based on analysis of issues and implications for the business.
Supports development and execution of Enterprise’s liquidity and funding risk management strategy for senior management and Board approval in collaboration with Market Risk Management to recommend liquidity and funding-related risk appetite limits.
Develops processes to identify, measure, and manage liquidity and funding risks in conjunction with Market Risk Management, businesses, and other Finance areas.
Acts as a trusted advisor to assigned business/group on liquidity and funding matters including recovery and resolution planning.
Develops and maintains the model and assumption framework used to measure liquidity and funding risk and recommends changes (e.g. regularly reviews liquidity objectives, positions and assumptions, including for new business transactions).
Identifies emerging issues and trends to inform decision-making and understand risk drivers.
Recommends and implements solutions based on risk assessments, analysis of issues, and implications for the business.
Acts as liaison between stakeholders including industry specialty groups and regulators to align agendas, ensure a clear understanding of the business context, and advocate the Bank’s position on market or regulatory developments.
Provides input into the planning and implementation of liquidity and funding risk modeling activities and programs.
Monitors and tracks balance sheet usage and addresses any issues.
Analyzes data and information to communicate insights into business product pricing and funds transfer pricing processes.
Supports development and execution of liquidity and funding-related strategic initiatives in collaboration with internal and external stakeholders.
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems.
Works independently and regularly handles non-routine situations.
Broader work or accountabilities may be assigned as needed.
Qualifications and skills:
Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
Deep knowledge and technical proficiency of financial products gained through extensive education and/or business experience
Experience in enterprise stress testing and liquidity and funding forecasting and analysis
Knowledge and experience in financial modelling, including but not limited to, Excel, PowerBI, and SQL. SAS, R, Python or other tools beneficial.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.
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.
We are committed to hiring military and Veteran spouses and encourage you to identify your connection with the MSEN when reaching out to us or applying to any of our open roles.
Have questions or want to learn more about us? We would love to hear from you!
Diversity and Recruitment Team
E mail: diversity.recruitment@bmo.com
Introduce Yourself to BMO (Military/Veterans)
Careers for service members, veterans and their families
We’re proud to be the official bank of the Canadian Defence Community – and that goes beyond supporting your financial well-being. We value the skills you’ve earned in the military, and we’re here to help as you move into the next stage of your professional life.
BMO is a Poppy Campaign partner and invests over $265k per year in 3+ signature sponsorship properties, including the Canada Army Run, the Navy Bike Ride, and the RCAF Run.
At BMO, you’ll have the opportunity to use your commitment, discipline, and dedication to teamwork to make a difference. Come and grow your career with us.