Quantitative Risk Analyst

4 weeks ago


Chicago, Illinois, United States BMO Full time

Job Summary:

We are seeking a highly skilled Quantitative Risk Analyst to join our team at BMO. As a key member of our risk management team, you will be responsible for applying mathematical and statistical methods to financial and risk management problems.

Key Responsibilities:

  • Develops pricing and quantitative risk models for assigned portfolios.
  • 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.
  • Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
  • Identifies ways of mitigating potential risks and recommends 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.

Qualifications:

Foundational level of proficiency:

  • IFRS9 and CECL
  • 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
  • Python/PySpark/SAS

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

Salary: $67,200.00 - $124,800.00

Pay Type: Salaried

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:



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