Manager, Structural Market Risk Oversight
Top Benefits
About the role
Application Deadline: 11/28/2025
Address: 100 King Street West
Job Family Group: Data Analytics & Reporting
Our ideal candidate has a background with Treasury and ALM combined with experience with QRM, and a background in math and finance. This is a very interesting and challenging area where you are able to see the connection between ALM and the rest of the balance sheet and see why ALM truly matters.
Job Description
BMO’s Structural Market Risk Oversight team is responsible for providing effective challenge, independent oversight, reporting, monitoring of structural market risk in the Banking Book. Our ideal candidate has Asset Liability Management (ALM) experience with academic background in math and finance.
The US regional banking crisis in 2023 has underscored the importance of ALM. In this role, you will be able to understand how the Bank manages its interest rate risk and provide effective challenge on existing modelling assumptions and strategies. You will work closely with stakeholders across Risk and Finance and observe the connections between various Treasury Risk functions (ALM, Funds Transfer Pricing, Capital, Liquidity & Funding).
Specifically, the responsibilities of the role include:
- Analyzes the risk metrics (Economic Value of Equity, PV01, Earnings at Risk…) from modelling, interest rate, and balance sheet changes/movements.
- Monitors structural market risk limits set by the bank as a second line of defense function. Deviations and excesses from structural market risk limits require investigation and sign-off from executives.
- Reviews and challenges models and non-model assumptions
- Prepares presentations and materials on structural market risk position to be discussed at committee meetings comprised of senior leaders of Market Risk and Corporate Treasury
- Supports audit and regulatory findings remediation efforts
- Conducts research and develops tools that use data to make better decisions
- Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
- Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.
- Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.
- Conducts quantitative research in risks across strategies and portfolios.
- Works independently and regularly handles non-routine situations.
Qualifications:
Foundational level of proficiency:
- Regulatory capital and stress testing.
- Compliance and regulation.
- Machine learning.
- Learning Agility.
- Systems Thinking.
Intermediate level of proficiency:
- Asset liability management
- Model risk management.
- Data management.
- Critical thinking.
- Driving Results.
- Verbal & written communication skills.
- Collaboration & team skills.
- Analytical and problem solving skills.
- Data driven decision making.
Advanced level of proficiency:
- Quantitative financial modeling.
- Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Deep knowledge and technical proficiency gained through extensive education and business experience.
Please note this position has a hybrid working model. The successful candidate is required to work both in the Toronto office (First Canadian Place) and virtually.
About Desjardins
Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $435.8 billion as at March 31, 2024. It was named one of Canada's Best Employers by Forbes magazine and by Mediacorp. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has some of the highest capital ratios and credit ratings in the industry and the first according to Bloomberg News.
Manager, Structural Market Risk Oversight
Top Benefits
About the role
Application Deadline: 11/28/2025
Address: 100 King Street West
Job Family Group: Data Analytics & Reporting
Our ideal candidate has a background with Treasury and ALM combined with experience with QRM, and a background in math and finance. This is a very interesting and challenging area where you are able to see the connection between ALM and the rest of the balance sheet and see why ALM truly matters.
Job Description
BMO’s Structural Market Risk Oversight team is responsible for providing effective challenge, independent oversight, reporting, monitoring of structural market risk in the Banking Book. Our ideal candidate has Asset Liability Management (ALM) experience with academic background in math and finance.
The US regional banking crisis in 2023 has underscored the importance of ALM. In this role, you will be able to understand how the Bank manages its interest rate risk and provide effective challenge on existing modelling assumptions and strategies. You will work closely with stakeholders across Risk and Finance and observe the connections between various Treasury Risk functions (ALM, Funds Transfer Pricing, Capital, Liquidity & Funding).
Specifically, the responsibilities of the role include:
- Analyzes the risk metrics (Economic Value of Equity, PV01, Earnings at Risk…) from modelling, interest rate, and balance sheet changes/movements.
- Monitors structural market risk limits set by the bank as a second line of defense function. Deviations and excesses from structural market risk limits require investigation and sign-off from executives.
- Reviews and challenges models and non-model assumptions
- Prepares presentations and materials on structural market risk position to be discussed at committee meetings comprised of senior leaders of Market Risk and Corporate Treasury
- Supports audit and regulatory findings remediation efforts
- Conducts research and develops tools that use data to make better decisions
- Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
- Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.
- Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.
- Conducts quantitative research in risks across strategies and portfolios.
- Works independently and regularly handles non-routine situations.
Qualifications:
Foundational level of proficiency:
- Regulatory capital and stress testing.
- Compliance and regulation.
- Machine learning.
- Learning Agility.
- Systems Thinking.
Intermediate level of proficiency:
- Asset liability management
- Model risk management.
- Data management.
- Critical thinking.
- Driving Results.
- Verbal & written communication skills.
- Collaboration & team skills.
- Analytical and problem solving skills.
- Data driven decision making.
Advanced level of proficiency:
- Quantitative financial modeling.
- Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Deep knowledge and technical proficiency gained through extensive education and business experience.
Please note this position has a hybrid working model. The successful candidate is required to work both in the Toronto office (First Canadian Place) and virtually.
About Desjardins
Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $435.8 billion as at March 31, 2024. It was named one of Canada's Best Employers by Forbes magazine and by Mediacorp. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has some of the highest capital ratios and credit ratings in the industry and the first according to Bloomberg News.