Manager, Risk Oversight
Apply NowCompany: Bank of Montreal
Location: New York, NY 10025
Description:
Application Deadline:
04/20/2025
Address:
151 W 42nd Street
Job Family Group:
Audit, Risk & Compliance
WORKING CONDITIONS:
Position is located in New York City.
Reporting to the Director Risk Oversight, the Manager is accountable for providing a clear, detailed and independent analysis of the Securitized Products market risks. The role requires a close working relationship with various Securitized Products businesses, Market Risk Analytics team, Market Risk Operations team, Market Risk Technology team, Market Risk Data team, Market Risk Models team, Market Risk Model Validation team, and the Valuation Product Control Group to ensure complete and accurate quantification of market risks are identified and communicated to Senior Management.
KEY ACCOUNTABILITIES:
KNOWLEDGE AND SKILLS:
Knowledge:
Skills:
Salary:
$94,300.00 - $174,900.00
Pay Type:
Salaried
The 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-Rewards
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 http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
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.
04/20/2025
Address:
151 W 42nd Street
Job Family Group:
Audit, Risk & Compliance
WORKING CONDITIONS:
Position is located in New York City.
Reporting to the Director Risk Oversight, the Manager is accountable for providing a clear, detailed and independent analysis of the Securitized Products market risks. The role requires a close working relationship with various Securitized Products businesses, Market Risk Analytics team, Market Risk Operations team, Market Risk Technology team, Market Risk Data team, Market Risk Models team, Market Risk Model Validation team, and the Valuation Product Control Group to ensure complete and accurate quantification of market risks are identified and communicated to Senior Management.
KEY ACCOUNTABILITIES:
- Ensure that the market risks are well understood, articulated and communicated to senior management.
- Monitor the portfolios against the current market environment, model outputs, and desk exposures; report on changes to the portfolio and the impact these changes will have on existing risk reporting.
- Recommend risk limits. Develop, publish, issue, and update the limits under which various businesses operate. Ensure appropriate risk controls are in place to manage and limit tail risks.
- In conjunction with the businesses, provide analysis and recommendations to the Director Risk Oversight to facilitate concurrence (when deemed appropriate) on limit excesses. Work with the businesses to ensure any breaches of approved limits are properly escalated, approved and documented.
- Work with the businesses to approve or recommend one-off transactions, or full implementation of new trading products and strategies.
KNOWLEDGE AND SKILLS:
Knowledge:
- Strong understanding of securitized products markets.
- Familiarity with key market risk concepts including VaR, SVaR, Stress Testing, Profit Attribution Analysis and various backtesting methodologies.
- Excellent understanding of global financial markets and products.
- At least 4 years of experience within the market risk field, preferably at a large North American bank.
Skills:
- Ability to manage workflow and deadlines on simultaneous tasks.
- Advanced analytical and proven problem-solving skills.
- Strong interpersonal and communication skills.
- Able to work independently and within a team environment.
- Excellent ability to work with analytical models, tools and technologies such as Excel, Bloomberg, Python, SQL, YieldBook, ADCO, etc.
Salary:
$94,300.00 - $174,900.00
Pay Type:
Salaried
The 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-Rewards
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 http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
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.