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Role (Title): Senior Analyst, Counterparty Credit Risk Analytics

Group/LOB: Market Risk

Location (City): 250 Yonge Street, Toronto

Start Date: ASAP

End Date: Oct 31, 2026

Job Type: Contract (Fixed-Term)

Mode: Hybrid

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ROLE DEFINITION

General Accountabilities

• Supports the research and development of quantitative risk modeling methodologies and related strategies in support of the management of risks arising from business/group portfolios and products.
• Applies knowledge of analytics algorithms and technologies to maintain forward looking models and analytic solutions that ensure risks are properly identified.
• The Candidate's focus will be concentrated on counterparty credit risk measures, which are critical to business decisions, develop and improve key processes related to assessing and reporting of risk measures, and establish and maintain productive relationships with the lines of business (trading, risk oversight, portfolio management, and upper management).

Specific accountabilities:

• Develop and apply scripting/programming to automate processes which serve a variety of tasks ranging from data gathering to generating automated reports
• Calculate counterparty credit risk on non-standard deals that present unique features in timeliness manner
• Understand and identify potential weakness of existing pricing models and trade processing; propose and test possible improvements adapted to counterparty credit risk constraints
• Liaise with trading, line of business, risk oversight, and operations to ensure proper deal understanding and to resolve any specific deal-related problems that may arise
• Provide assistance, guidance and management in ad-hoc projects within the group
• Work with Market Risk Oversight, Stress and Reporting team to delivery the regulatory reports and stressed exposure result

CROSS-FUNCTIONAL RELATIONSHIPS:

• T&O project managers and business analysts

• Counterparty Credit Risk Model Development team
• Risk Oversight and Market Risk Stress Testing team
• Corporate Risk Management directors and managers
• LoB
• Credit Portfolio Managers and Account Managers
• External system software vendors

ROLE DIMENSIONS:

This role has direct or in-direct impact on the following financial measures:

• Counterparty credit risk exposure measurements
• Economic and regulatory capital

KNOWLEDGE AND SKILLS:

Describe the knowledge and skills required for successful performance. Refer to the Role Definition Guide for definitions.

Knowledge:

• Quantitative (mathematical and/or statistical and/or computer science);
• Finance;
• Economics;
• Financial markets and products;
• Programming – Proficient with Python. Nice to have: PowerBI, SQL, and VBA;
• Understanding and experience with risk management methodologies and measurements systems;

Skills:

• Nice to have: 1 and up years of related work experience, preferably in a financial institution
• MSc in a technical field, i.e., quantitative finance, statistics, engineering, applied mathematics
• Excellent analytic and troubleshooting skills
• Good technical and computer skills
• Excellent oral and written communication skills
• Ability to meet deadlines
• Strong critical thinking skills
• Good understanding and experience with risk management methodologies, financial markets and products
• Ability to work in teams

Organization Design & Effectiveness         11/2/2023                                                   2

Applies mathematical and statistical methods to financial and risk management problems (e.g. internal controls; enterprise-wide stress testing and scenario analysis; capital modelling; valuations). Through quantitative analytical modelling, identifies important factors to consider for financial disaster and recovery plans. Conducts research and creates tools that use data to develop scenario-based planning and implements complex mathematical models to help the business make better financial and financial decisions (e.g. investments, pricing, etc.), drive innovation and minimize the impact of uncertainty.

• Develops pricing and quantitative risk models for an assigned portfolio e.g. fixed income, corporate credit and loans.
• Monitors risk in strategies and portfolios alongside project managers or functional leads.
• Conducts research and develops tools that use data to make better financial decisions; such as: investments, pricing, etc.
• 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.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.
• Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Qualifications:

Foundational level of proficiency:

• Regulatory capital and stress testing.
• Compliance and regulation.
• Machine learning.
• Learning Agility.
• Systems Thinking.
• Model risk management.
• Data visualization.
• Data wrangling.
• Data preprocessing.
• Critical thinking.
• Driving Results.

Intermediate level of proficiency:

• Quantitative financial modeling.
• Computational thinking and programming.
• Verbal & written communication skills.
• Collaboration & team skills.
• Analytical and problem solving skills.
• Data driven decision making.
• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Technical proficiency gained through education and/or business experience.

Salary:

Pay Type:

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.