Manager, Valuation

Address:

In this individual contributor role, you would have an opportunity to grow and enhance your valuations skills and existing knowledge base. Tremendous scope for learning in this role as you will be exposed to a wide array of products on the interest rate side of things (modeling of interest rate curves, valuation of swaps, structured notes, totem submissions valuation using Totem inputs). Our ideal candidate has experience with MFL (mathematical financial library).

Ensures that valuations for a designated trading/underwriting portfolio are materially accurate and establishes valuation adjustments and capital reserves as appropriate. Works with stakeholders across BMO complete the operational and strategic work for the design and development valuation methodologies and decision support solutions to deliver business results and minimize risk. Provides advice on the configuration, functionality, applicability, and usability of data sources, data management, data analytics, and reporting solutions related to market data used for valuations.

• 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.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders including model development.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
• Executes work to deliver timely, accurate, and efficient service.
• Monitors and assesses the performance of market models to ensure the mathematical representation of the market is sound on an on-going basis; performs stress-testing to assess model performance under extreme conditions.
• Promotes best practices for valuation of the designated portfolios.
• Breaks down strategic problems, and analyzes data and information to provide valuation insights (e.g. positions, exposures, or other valuation issues) and make recommendations.
• Develops and implements policies and guidelines for independent checking of valuations, exception handling, capital reserves and adjustments in alignment with Bank standards.
• Documents and maintains operational procedures and processes relating to methodologies, analytical and reporting processes (e.g. market data sources, model inventory, related assumptions and limitations).
• Reviews use of valuation methodologies and models for consistency across portfolios, products, geographies; recommends changes as required.
• 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 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Degree in business, finance or quantitative discipline.
• In-depth understanding of derivative products and markets, as well as the valuation and risk management methodologies associated with these.
• In-depth understanding of accounting principles, finance processes, and back office processes is an asset.
• In-depth quantitative analytical skills.
• Experienced in VBA programming.
• 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.