Senior Risk Analyst

4 weeks ago


Chicago, Illinois, United States BMO Financial Group Full time
Job Summary

We are seeking a highly skilled Senior Analyst to join our Risk Modeling and Analytics team at BMO Financial Group. As a Senior Analyst, you will be responsible for applying mathematical and statistical methods to financial and risk management problems, identifying important factors to consider for financial disaster and recovery plans, and conducting research and creating tools that use data to develop scenario-based planning.

Key Responsibilities
  • Develops pricing and quantitative risk models for assigned portfolios, including 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 and pricing.
  • 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 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.
Qualifications

We are looking for candidates with a foundational level of proficiency in 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, and Python/PySpark/SAS.

Intermediate level of proficiency in quantitative financial modeling, computational thinking and programming, verbal and written communication skills, collaboration and team skills, analytical and problem-solving skills, and data-driven decision making is also required.

Candidates should have typically between 4-6 years of relevant experience and a post-secondary degree in a related field of study or an equivalent combination of education and experience.

What We Offer

BMO Financial Group offers a total compensation package that includes performance-based incentives, discretionary bonuses, and other perks and rewards. We also offer health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

At BMO, we are driven by a shared Purpose: Boldly Grow the Good in business and life. We strive to create lasting, positive change for our customers, our communities, and our people.


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