Director, Structural Market Risk - Non-Maturity Products Modeling

Final date to receive applications:

Address: 320 S Canal Street

Job Family Group:
Finance & Accounting

Supports the research and development of quantitative risk modeling methodologies and related strategies in support of managing structural market risks arising from business/group portfolios and products. Develops and implements models to ensure market risk in banking products are properly measured and support effective risk management practices. Works with internal and external stakeholders to ensure market risks are properly identified and understood with supporting models and strategies successfully implemented.

Responsibilities

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.

• Ensures alignment between values and behaviour that fosters diversity and inclusion.

• Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.

• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.

• Attracts, retains, and enables the career development of top talent.

• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.

• Acts as a trusted advisor to senior leaders for business decisions and implementation of strategic initiatives.

• Develops an expert understanding of business/group challenges.

• Networks with industry contacts to gather competitive insights and best practices.

• Recommends measures to improve organizational effectiveness.

• May consult to or serve on various committees and task forces.

• Provides structural market risk advice on funds transfer pricing polices to ensure appropriate risk-adjusted product pricing on retail and commercial products.

• Leads the design, implementation and management of core business/group processes.

• Develops the business case by identifying needs, analysing potential options and assessing expected return on investment.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.

• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.

• Designs and produces regular and ad‑hoc reports, and dashboards.

• Leads change management programs of varying scope and type, including readiness assessments, planning, execution, evaluation and sustainment of initiatives.

• Oversees development and implementation of structural market risk models (e.g. valuation of embedded product options, customer behavioural models, VaR methodology etc.).

• Oversees back‑testing and stress‑testing to ensure the on‑going effectiveness of structural market risk models, recommending changes as appropriate.

• Ensures compliance with Bank Policies and Standards regarding financial models.

• Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success.

• Plans and controls unit operating expenses in accordance with forecasts.

• Makes recommendations to leaders on financial management processes based on changing requirements.

• Develops analytical solutions, models and methodologies used to manage risks related to the Bank's portfolios and products e.g. valuations; hedging strategies, customer behaviour models, performance measurement, etc.

• Monitors the financial market environment and model performance impacts for optimal execution of risk strategies.

• Ensures compliance with model risk and market risk governance and provides financial instrument transaction oversight.

• Works closely with businesses and corporate partners to perform enterprise wise stress testing of the bank's Net Interest Income in support of capital adequacy assessment

• Performs…