Job Detail
Manager, Risk Capital - R250011131 Toronto
BMO Bank of Montreal
Toronto, Ontario
Manager, Risk Capital - R250011131 Toronto
BMO Bank of Montreal
Toronto, Ontario
Salary: Information not available
Address:100 King Street WestData Analytics & ReportingQualifications
- Undergraduate degree in a quantitative discipline preferably accompanied by a relevant professional designation (e.g. MBA, CFA, FPM, PRM) or equivalent business experience.
- Strong knowledge of SAS and SQL, database querying and programming experience is required.
- 3+ years business experience at a financial institution in credit risk or capital management is preferred.
- Thorough understanding of Basel capital rules, in particular, Standardized and Internal Rating Based (IRB) approaches for credit risk, as well as underlying principals including parameter impacts on capital
- Knowledge of risk management policies and practices
- Strong quantitative skills.
- Excellent analytical skills.
- Excellent communication skills both written and verbal.
- Excellent working knowledge of Microsoft Office software (Excel, Word, PowerPoint, PowerBI).
- Strong relationship management skills
As part of the Risk Capital team in Credit Risk Management (CRM) within Enterprise Risk and Portfolio Management (ERPM), the incumbent is responsible for on-going analysis of regulatory credit demand capital trends and metrics and acting as subject matter expert for regulatory credit demand capital to facilitate the development of portfolio management and capital optimization strategies.
60% Regulatory Capital Analytics
- Contribute to the timely and accurate analysis of the monthly enterprise regulatory capital submissions, with a focus on Internal Rating Based (IRB) and Standardized Risk-Weighted Assets (RWA) under the Basel capital floor requirements, with particularly across lending portfolios.
- Support the development and completion of RWA credit migration forecasting, ensuring robust projection methodologies and alignment with risk and capital planning assumptions. Contribute to the annual Capital and Expected Loss (EL) planning processes, working closely with Finance and Risk partners to ensure consistency and accuracy.
- Produce regular and ad-hoc reports to explain period over period changes in RWA; summarize findings and prepare materials of briefing sessions, including monthly sign-off and approvals.
- Assist in the evaluation and optimization of the existing operational methods and workflows to increase efficiency and effectiveness. Engage and communicate with Business, Risk, Finance and Technology partners to build both short term and permanent solutions, lead execution of such when necessary.
- Partner with other teams across Risk, such as Stress Testing and Portfolio Management, and perform capital impact analysis under stressed scenarios.
- Review and assess changes to regulatory capital related business requirements, risk capital models, and corresponding solution documents. Perform User Acceptance Testing (UAT) and RWA impact analysis.
- Perform peer capital analysis including understanding of differences in portfolio characteristics.
20% Capital Related Projects
- Lead and execute projects on RWA refinement and optimization as needed. Identify the correct and optimal capital treatment of lending products by referencing the relevant regulatory guidelines. Discuss analysis with stakeholders and obtain concurrence from approvers. Drive the final implementation by working with partners across the Bank.
20% Regulatory Support
- Keep abreast of Basel regulations as well as internal regulatory processes to assist in the implementation of new regulations.
- Participate in ongoing OSFI quantitative impact studies and provide analytical support to Risk and Finance partners.
- Support the interpretation of regulatory capital policies and assist in determining guidance for Lines of Business and capital reporting functions; help identify key regulatory initiatives and assess their implications for capital requirements and reporting.
SalariedThe above represents BMO Financial Group’s 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 Group’s expected target for the first year in this position.BMO Financial Group’s 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: https://jobs.bmo.com/global/en/Total-RewardsAbout 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)
About BMO Bank of Montreal
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.
- Next February, BMO will proudly support Veterans as an official Gold Sponsor of the Invictus Games – Vancouver Whistler 2025 which will welcome more than 500 competitors from 25 nations to experience the first ever Winter Games in Invictus Games history. The Games will also raise awareness of Indigenous CAF members and highlight the extraordinary service of Indigenous Veterans dating back over 200 years.
- We have committed over $2.25 million in major gifts in recent past, including pledges to Homes for Heroes and Canada Company.
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.
