At a Glance
- Tasks: Analyze market risk data and support trading desk requirements in a dynamic environment.
- Company: Join BMO, a leading financial institution committed to making a difference.
- Benefits: Competitive salary, health insurance, tuition reimbursement, and retirement plans.
- Other info: Hybrid work model with opportunities for professional development and networking.
- Why this job: Make an impact in the financial industry while growing your skills and career.
- Qualifications: 1-3 years in finance, strong analytical skills, and knowledge of SQL and Excel.
The predicted salary is between 50000 - 120000 $ per year.
As a member of the FRTB (Fundamental Review of the Trading Book) BAU team, the analyst is primarily responsible for performing operational in-depth analysis to support the FRTB trading desk quantitative risk requirements. Additionally, the analyst is expected to answer to the extended scope of projects, audit requirements, ad hoc requests and expansion of the team’s responsibilities and mandate in the risk infrastructure area.
Key Accountabilities
- Operational Review of FRTB production run
- Understand both FRTB regulatory and business requirements, analyze and communicate the trends, drivers and provide context therein with respect to changes in the market risk profile of each line of business
- Perform the FRTB data validation checks set out by the team’s mandates
- Diligently perform detailed qualitative analysis, identifying, tracking, escalating and/or resolving issues with market risk managers
- Support the maintenance and improvement of operational procedures and processes that facilitate the market risk analytics and reporting, distribute timely accurate and complete market risk measurement
- Liaise timely with the stakeholders across Market Risk and the Enterprise in efforts to ensure data lineage is properly accounted for and implemented in the enterprise market risk system
- Ensure strong governance and effective controls across activities and information in accordance with team, department, enterprise and Regulatorily
- Assist and collaborate in new and revised initiatives, reports and projects
- Manage the stakeholder requests, audit requirements and issues proficiently, professionally and expeditiously
- Proactively assist and support the functions and tasks of the team
Qualifications
- a) Knowledge:
- 1-3 years of relevant financial industry experience in regulatory reporting, data reconciliation or related role preferred
- Knowledge of different financial instruments and market risk measures
- Knowledge of different Capital Markets Products
- In-depth knowledge of SQL, VBA and Excel formulas
- Prior SDLC experience with JIRA is preferred
- Prior academic or business Python coding experience would be an asset
- Understanding of Enterprise Risk Management key policies and infrastructure would be an asset
- b) Skills:
- Undergraduate and/or postgraduate degree in Engineering, Computer Science, Finance, Business or related discipline
- Strong problem-solving and analytical skills, ability to cope with a high degree of ambiguity and change
- Strong work ethic, detail-oriented, ability to prioritize and manage tasks and deadlines
Senior Analyst, Market Risk Capital in Toronto employer: BMO Financial Group
BMO is an exceptional employer that fosters a culture of respect, collaboration, and innovation, making it an ideal place for a Senior Compliance Manager to thrive. With comprehensive benefits including health insurance, tuition reimbursement, and retirement savings plans, employees are supported in their professional growth and well-being. The dynamic work environment in downtown Toronto not only offers access to a vibrant city life but also provides ample opportunities for networking and career advancement within a globally recognized financial institution.
