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Job Manager, Structural Market Risk Production Support Group

Manager, Structural Market Risk Production Support Group

Skills:Toronto, Ontario   $98,000–$98,000 / yr    |  Location:Ontario  ,  Canada

Views:42     Premium Listing

The Manager, Structural Market Risk Production Support Group is accountable to execute, monitor and improve the procedures of daily/weekly/monthly data acquisition and report generation of the Bank’s structural balance sheet. The Manager also works with various project teams toward full automation of data input processes in coordination with the Technology and Operations division. Once fully automated, the Manager will be responsible for researching and developing auto checking framework, which be used in explaining changes to position and component risk statistics. This role also recommends continuous improvement opportunities in data quality, data completeness and escalates potential operational risk issues. The Manager will also allocate and review work with the Sr Analyst in the group.
A. Relationship Management
B. Functional Expertise & Advisory
C. Continuous Improvement
D. Governance & Control
A. Relationship Management
· Support Risk Reporting group in preparing data for processing within the QRM risk engine and conveying clear advisement of data change impacts
· Support Model Development group in providing feedback on the implementation of models within the QRM risk engine and conveying clear advisement of system capabilities
· Support Balance Sheet Management group in providing daily, weekly and monthly risk statistics used in implementing hedging strategies
· Interacting with Technology and Operations to resolve processing problems as they occur and to implement changes as they rise
· Interacting with Liquidity & Funding group to coordinate efforts in the joint sourcing of data
· Interacting with Chief Accounts Group to obtain information necessary to resolve problems resulting in a lack of data completeness
B. Functional Expertise & Advisory
· Extensive SQL querying skills; development background preferred
· Build and maintenance of data derivation/aggregation logic in RDARR database and ETL logic in QRM risk engine
· Processing steps required to generate risk statistics in the QRM risk engine
· Development of Business Managed Applications in Excel or Access where necessary to create efficiencies in processing and presentation
· Review and analysis of day over day, week over week, and month over month position change
· Review and analysis of compliance and risk reports on daily, weekly and monthly basis
C. Continuous Improvement
· Recommendations for the continuous improvement of SMR processes and procedures within the scope of the work team and participate in the planning and implementation of projects. Take actions and steps towards moving to standardized processes.
· The development and maintenance of auto-checking, forecasting and performance measurement tools to effectively support the business.
· Implementation of changes to existing portfolio and financial reports to develop best risk and reporting practices.
· Identify opportunities to improve efficiencies and improve controls within the department by assisting in regular process reviews.
D. Governance & Control
· Ensure that daily, weekly, monthly compliance reporting is timely and accurate
· Develop and maintain standards and processes to ensure consistency in reporting.
· Maintain a current knowledge of accounting, governance and regulatory requirements including BCBS 239 and communicate the potential impacts and resolution of new requirements to the Senior Manager and disseminate issues to business partners as directed.
· Provide support for internal, external and regulatory audits by providing documentation and information.
· Escalate complex issues as appropriate.

CA, CMA, CGA, MBA (Finance), BA (Economics, Commerce), BSC (Math), CFA, or equivalent
5+ years of experience in a technology role, with 3-5 years experience in a finance environment
Excellent knowledge of Excel, Access, SQL, VBA, Cognos Impromptu
Sound understanding of the Bank’s retail and wholesale product offerings
Sound understanding of financial market instruments, including derivative products, and pricing
Solid understanding of interest rate risk and liquidity risk management
Strong knowledge of financial modeling
Strong Knowledge of customer behavior modeling
Knowledge of QRM is preferred
Experience in working with multiple stakeholders across different organizational group

Excellent organizational and analytical skills
Strong project and process management skills
Strong change management skills
Strong technology and information system skill
We’re here to help
At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
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.
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.
Employee Status:
Job Level:
Non-Customer Facing - Individual Contributor

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