As the leader and subject matter expert (SME) of the FRTB (Fundamental Review of the Trading Book) BAU team, the role is primarily responsible for managing the operational, create and maintain the analytic toolset, change management, and compliance related activities of the production team. The incumbent is expected to answer to the extended scope of projects, audit requirements, ad hoc requests and expansion of the team’s responsibilities and mandate in the risk infrastructure area.
Responsibilities:
Understand regulatory requirements, determine system and process needs to ensure regulatory compliance with regard to the FRTB Standardized Approach regulations
Lead new initiatives end-to-end: Requirements elicitation in partnership with stakeholders; Solution design in consultation with technology partners (in-house and vendor); manage and dictate testing and validation needs
Create and maintain toolset to fulfill analytic needs
Manage relationship with stakeholders (front office, middle office, back office, credit) to understand any changes required and ensure alignment across functions; Ensure risk platforms used for risk capture are current and internally consistent; ensure alignment of FRTB priorities while working with broader Market Risk team on overall prioritization and roadmap
Lead combined technology and business implementation team, ensure issues and impediments are resolved and manage the team to high-performance delivery through a agile development process
Mentor and lead the FRTB product team, as well as take a leadership role in the broader Market Risk group
Identify opportunities for improvements within the market risk system infrastructure and related processes.
Must Have Skills:
Strong analytic and troubleshooting skills with a solution-oriented attitude
Strong technical skill to create analytic and reporting tools using programming languages such as Python, C#
Excellent oral and written communication and presentation skills
Market Risk, Capital / FRTB knowledge
Proven team leadership skills
Nice to Have Skills
Minimum of 8 years of experience within Capital Markets or Risk management
Understanding of financial products
Broad understanding and experience with risk management methodologies, preferably in Market Risk
Experience with joint business / technology Agile development process
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.
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BMO is a top ten North American bank that provides personal and commercial banking, global markets and investment banking services to 13 million customers and clients. Founded in 1817, we’re driven by our Purpose: Boldly Grow the Good in business and life. BMO has established itself as a destination for top talent, with an employee experience that’s built on personalized career development opportunities, a performance-driven winning culture, competitive rewards and benefits, and a deepcommitment to the health and well-being of our people.
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