Job Description

We are seeking a candidate proficient in Python, with additional experience in VBA, PowerBI, and/or Git, to join our team as a developer for business applications. This role offers an exciting chance to utilize your technical expertise in the banking and Treasury sector. As part of the treasury team, you will play a key role in managing a portfolio of risks on a daily basis, providing firsthand exposure to the workings of risk management in the front line. Join us and make a tangible impact in the dynamic world of finance.

Supports the short- and long-term management of the Bank’s structural balance sheet and supplemental liquidity portfolio. Executes a management framework that optimizes structural market risk exposures due to interest rate and foreign exchange changes over both the short- and long-term. Develops cost-effective hedging strategies that optimize risk-return. Maintains knowledge of regulatory requirements and developments, monitors risk, and identifies and corrects possible gaps and weaknesses. Identifies and recommends actions based on market trends and regulatory developments.

Responsibilities

• Acts as a trusted advisor to assigned business/group.
• Collaborates with stakeholders to advise on management of interest rate, funding, and foreign exchange implications relating to funding and/or new product initiatives.
• Influences and negotiates to achieve business objectives.
• Recommends strategies for structural market risk positioning, hedging, and supplemental portfolio management based on analysis of issues and implications for the business.
• Assists in the development of strategic plans.
• Identifies emerging issues and trends in the market environment and market risk; recommends changes to strategies, programs , and plans to mitigate emerging risks.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Breaks down strategic problems, and analyses data and information to provide balance sheet management related insights and recommendations.
• Monitors and tracks balance sheet performance / structural drivers’ performance, and addresses any issues.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
• Leads in the design, implementation and management of core business/group processes.
• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on implementation of solutions.
• Coordinates and executes specific activities for the implementation of strategic initiatives; includes tracking metrics and milestones.
• Collaborates with internal and external stakeholders to deliver on business objectives.
• Supports development of corporate standards, operating principles, and guidelines in conjunction with market risk, business, and finance stakeholders.
• Analyzes data and information to provide insights and recommendations.
• Monitors market and regulatory developments to assess impacts to strategies, programs, and plans.
• Gathers and formats data into regular and ad-hoc reports, and dashboards.
• Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
• Supports the design and implementation of specialized risk management technologies to improve processes, enhance analysis, and/or streamline reporting (e.g. daily risk capture, mismatch and basis risk analytics, and management).
• Participates in the design, implementation, and management of core business/group processes.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications

• Typically 5-7 years of relevant experience or an equivalent combination of education and experience.
• Post secondary Accounting, Finance, Mathematics or related degree.
• Finance / business experience with risk management and working knowledge of derivatives preferred.
• Exposure to one or more of the following: risk management, financial market instruments, trading and derivative operations, risk systems, hedge accounting, risk management related to asset liability / treasury.
• Experience in financial modelling including statistics, risk, or other quantitative metrics.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.