Lead Business Analyst, Market Risk Capital

Address:

The position is for a Product Owner within the FRTB (Fundamental Review of the Trading Book) team, which is part of Market Risk. The team is responsible for calculating market risk regulatory capital for the bank, particularly for the trading book.

The candidate will work on system improvements, regulatory changes, and coordinating with various teams.

Key Responsibilities:

- Coordination with multiple stakeholders, including Front Office, Middle Office, Risk Technology, Data Teams, and Reporting Teams.

- Requirement gathering and execution, working closely with Risk Technology to define and test system changes.

- Testing and validation, ensuring that new processes and system changes meet regulatory requirements.

- Participation in Agile processes, including daily stand-ups, planning meetings, and backlog refinements.

Key Skills & Qualifications:

- Market Risk knowledge (FRTB is preferred).

- 3-5 years of experience in a relevant role

- Project delivery experience, particularly in a development-focused environment.

- Strong communication and stakeholder management skills.

- Technical understanding, including creating test plans and validating system changes.

This role is located in Toronto with in-person office collaboration expected on Tuesdays and Wednesdays.

If you're looking for your next dream job, consider this one in BMO's Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs

As a member of the FRTB product team, the incumbent is primarily responsible for conducting in-depth analysis of FRTB capital and collaborating with stakeholder - including Front Office, Middle Office, Risk Technology, and other risk product teams - to identify and implement improvements in market risk capital calculations.

The incumbent is expected to work closely with technology partners and cross-functional product teams to drive implementation in an Agile environment by translating business solutions into technical requirements. Responsibilities include developing, executing, and validating test plans, and coordinating with stakeholders to ensure successful implementation according to plan.

Additionally, the incumbent will provide support for regulatory and audit reviews, ensuring compliance with evolving expectations and internal policies.

The ideal candidate should demonstrate a strong learning mindset and a willingness to acquire new skills in emerging areas as needed.

• Acts as a trusted advisor to assigned business/group.

• Influences and negotiates to achieve business objectives.

• Recommends and implements solutions based on analysis of issues and implications for the business.

• Assists in the development of strategic plans.

• Identifies emerging issues and trends to inform decision-making.

• Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.

• Helps determine business priorities and best sequence for execution of business/group strategy.

• Conducts independent analysis and assessment to resolve strategic issues.

• Supports the planning and execution of system management infrastructure planning and development activities for a designated portfolio.

• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders including product enhancements; Initiative areas can include intake, requirements, design, development, testing, simulation, sign-offs, production and post-implementation activities.

• Ensures alignment between stakeholders.

• Represents the risk systems management function during internal/external regulatory audits and/or examinations.

• Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.

• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.

• 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.

• Guides/assists in the identification and classification of issues; recommends action plans.

• Provides input into the planning and implementation of ongoing operational programs in support of the risk systems management.

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

• Monitors the risk system technical infrastructure, applications and/or business transactions across the environment.

• Collaborates with Technology service providers and other stakeholders to investigate, perform root cause analysis and plan corrective actions; follows production environment support processes and guidelines.

• Collaborates with internal and external stakeholders to deliver on business objectives.

• Builds effective relationships with internal/external stakeholders.

• Ensures alignment between stakeholders.

• Monitors and tracks performance and addresses any issues.

• Tracks metrics and milestones, makes recommendations for resolution and escalates as appropriate when issues arise.

• Analyzes data and information to provide insights and recommendations.

• Monitors and tracks performance; addresses any issues.

• Supports the data reconciliation / provisioning processes between core risk systems.

• Performs verification and monitoring activities for all changes implemented in the production environments according to guidelines and policies.

• Supports the development and maintenance of system and process documentation / process controls / knowledge assets required for the operation.

• 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 between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• In-depth knowledge of risk system management concepts and applications.

• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks, omics.

• 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.

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 https://jobs.bmo.com/ca/en.

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. To request accommodation, please contact your recruiter.

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.