Senior Analyst


  • Company:
    BMO Harris Bank
  • Location:
  • Salary:
    negotiable / monthly
  • Job type:
    Full-Time
  • Posted:
    6 days ago
  • Category:
    Business / Mgmt

The Senior Analyst, Risk Analytics is responsible for compiling risk exposure and limit monitoring information on a daily basis for a given asset class and/or trading desk. The Senior Analyst is expected to interact with Risk Oversight and traders on a regular basis to understand the trading strategies, to produce accurate and timely risk information, monitor compliance with limits, participate in any application and system upgrades – including review and testing, and to understand, improve, and document processes related to his/her responsibilities. Accountabilities Produce the daily risk reports for the assigned asset class(es) and ensure that the exposures and limit monitoring are accurate and timely; Work the Risk Oversight to process any limit breaches within predefined timelines or escalate issues to senior management for resolution; Provide ad hoc analysis of market risk issues as requested by management; Ensure that all processes and procedures are clearly documented and accurate; Ensure that all spreadsheets and ad-hoc request are appropriately generated, reviewed, and documented; Understand the applications and systems used to generate risk information and actively participate in any upgrades or releases, including testing; Be able to back-up other members of the Risk Analytics team and be proficient in generating daily risk reports for all asset classes and/or trading desks The Senior Analyst, Risk Analytics is responsible for compiling risk exposure and limit monitoring information on a daily basis for a given asset class and/or trading desk. The Senior Analyst is expected to interact with Risk Oversight and traders on a regular basis to understand the trading strategies, to produce accurate and timely risk information, monitor compliance with limits, participate in any application and system upgrades – including review and testing, and to understand, improve, and document processes related to his/her responsibilities. Accountabilities Produce the daily risk reports for the assigned asset class(es) and ensure that the exposures and limit monitoring are accurate and timely; Work the Risk Oversight to process any limit breaches within predefined timelines or escalate issues to senior management for resolution; Provide ad hoc analysis of market risk issues as requested by management; Ensure that all processes and procedures are clearly documented and accurate; Ensure that all spreadsheets and ad-hoc request are appropriately generated, reviewed, and documented; Understand the applications and systems used to generate risk information and actively participate in any upgrades or releases, including testing; Be able to back-up other members of the Risk Analytics team and be proficient in generating daily risk reports for all asset classes and/or trading desks Knowledge Capital markets products, valuation, market institutions, and trading strategies Key market risk management concepts such as Value-at-Risk (VaR), stress testing, the “greeks”, correlation, Monte Carlo simulation, and factor analysis Database management, VBA, SQL, and Bloomberg Basic accounting and regulatory requirements related to capital markets transactions Skills Ability to create and maintain macros in VBA Design and update risk report formats and content Detail oriented Communicate clearly with various stakeholders in order to understand and resolve issues Identify opportunities to improve efficiency, processes, calculations, and the work environment Experience / Education / Other 0-3 years of relevant work experience in the financial services industry or equivalent Undergraduate degree in a quantitative or technical area (math, science, economics, engineering, etc) Prefer MBA or Master’s degree Progress towards professional designation is a plus (CFA, FRM, CPA, CA etc) We’re here to help At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank. 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://bmocareers.com . 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. Knowledge Capital markets products, valuation, market institutions, and trading strategies Key market risk management concepts such as Value-at-Risk (VaR), stress testing, the “greeks”, correlation, Monte Carlo simulation, and factor analysis Database management, VBA, SQL, and Bloomberg Basic accounting and regulatory requirements related to capital markets transactions Skills Ability to create and maintain macros in VBA Design and update risk report formats and content Detail oriented Communicate clearly with various stakeholders in order to understand and resolve issues Identify opportunities to improve efficiency, processes, calculations, and the work environment Experience / Education / Other 0-3 years of relevant work experience in the financial services industry or equivalent Undergraduate degree in a quantitative or technical area (math, science, economics, engineering, etc) Prefer MBA or Master’s degree Progress towards professional designation is a plus (CFA, FRM, CPA, CA etc) We’re here to help At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank. 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://bmocareers.com . 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. Risk ManagementRisk ManagementCanada-Ontario-TorontoCanada-Ontario-TorontoERPM-X000073ERPM-X000073full-timefull-time01/02/1901/02/1901/17/1901/17/19