Manager, Counterparty Credit Risk

at  BMO Financial Group

250 Yonge Street Toronto Ontario,M5B 2L7

Provides production and end-user support and governance for the risk technical platform and system environment that supports risk data & control structures (e.g. process controls, user access controls, data integrity controls) to enable risk processes and operations. Supports and oversees the planning, maintenance and change management for risk system strategies, process changes, system parameter changes, production schedules, and operational tasks. Oversees the management of system parameter changes. Works with stakeholders to resolve issues and provide solutions that ensure service delivery and effectiveness.

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
• work as the lead BA, help to organize and participate in the testing cycles of the Counterparty Credit Risk systems releases.
• Liaise with trading, line of business, risk oversight, analytic, model team and operations to ensure the proper handle of trades in Counterparty Credit Risk systems.
• Propose and implement changes to facilitate new business by providing requirements based on system need, participating in upstream initiative meetings and organizing/coordinating the SIT/UAT required.
• Provide assistance and guidance on investigations related to system level issues identified, help to review the issues and follow the process to facilitate fixes needed based on priorities assigned.
• Drafting, maintaining and improving the business specification, develop system implementation, and monitor implementation against agreed timelines.
• Exceptional financial product knowledge including OTC Derivatives and Security Financing Transactions.
• Required Skills - excellent programming skill including Python platform.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.
• Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Attracts, retains, and enables the career development of top talent.
• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
• Acts as a trusted advisor to assigned business/group.
• Influences and negotiates to achieve business objectives.
• Recommends and implements solutions based on analysis of issues and implications for the business.
• Assists in the development of strategic plans.
• Identifies emerging issues and trends to inform decision-making.
• Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Conducts independent analysis and assessment to resolve strategic issues.
• Supports the planning and execution of system management infrastructure planning and development activities for a designated portfolio.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders including product enhancements; Initiative areas can include intake, requirements, design, development, testing, simulation, sign-offs, production and post-implementation activities.
• Ensures alignment between stakeholders.
• Represents the risk systems management function during internal/external regulatory audits and/or examinations.
• Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Guides/assists in the identification and classification of issues; recommends action plans.
• Provides input into the planning and implementation of ongoing operational programs in support of the risk systems management.
• Leads/participates in the design, implementation and management of core business/group processes.
• Monitors the risk system technical infrastructure, applications and/or business transactions across the environment.
• Collaborates with Technology service providers and other stakeholders to investigate, perform root cause analysis and plan corrective actions; follows production environment support processes and guidelines.
• Collaborates with internal and external stakeholders to deliver on business objectives.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Monitors and tracks performance and addresses any issues.
• Tracks metrics and milestones, makes recommendations for resolution and escalates as appropriate when issues arise.
• Analyzes data and information to provide insights and recommendations.
• Monitors and tracks performance; addresses any issues.
• Supports the data reconciliation / provisioning processes between core risk systems.
• Performs verification and monitoring activities for all changes implemented in the production environments according to guidelines and policies.
• Supports the development and maintenance of system and process documentation / process controls / knowledge assets required for the operation.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

QUALIFICATIONS:

• Typically between 5 - 8 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth knowledge of risk system management concepts and applications.
• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks, omics.
• Experience with Counterparty Credit Risk systems.
• Knowledge of Python platform.
• Knowledge of FDS and /or FRM
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
• work as the lead BA, help to organize and participate in the testing cycles of the Counterparty Credit Risk systems releases.
• Liaise with trading, line of business, risk oversight, analytic, model team and operations to ensure the proper handle of trades in Counterparty Credit Risk systems.
• Propose and implement changes to facilitate new business by providing requirements based on system need, participating in upstream initiative meetings and organizing/coordinating the SIT/UAT required.
• Provide assistance and guidance on investigations related to system level issues identified, help to review the issues and follow the process to facilitate fixes needed based on priorities assigned.
• Drafting, maintaining and improving the business specification, develop system implementation, and monitor implementation against agreed timelines.
• Exceptional financial product knowledge including OTC Derivatives and Security Financing Transactions.
• Required Skills - excellent programming skill including Python platform.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.
• Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Attracts, retains, and enables the career development of top talent.
• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
• Acts as a trusted advisor to assigned business/group.
• Influences and negotiates to achieve business objectives.
• Recommends and implements solutions based on analysis of issues and implications for the business.
• Assists in the development of strategic plans.
• Identifies emerging issues and trends to inform decision-making.
• Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Conducts independent analysis and assessment to resolve strategic issues.
• Supports the planning and execution of system management infrastructure planning and development activities for a designated portfolio.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders including product enhancements; Initiative areas can include intake, requirements, design, development, testing, simulation, sign-offs, production and post-implementation activities.
• Ensures alignment between stakeholders.
• Represents the risk systems management function during internal/external regulatory audits and/or examinations.
• Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Guides/assists in the identification and classification of issues; recommends action plans.
• Provides input into the planning and implementation of ongoing operational programs in support of the risk systems management.
• Leads/participates in the design, implementation and management of core business/group processes.
• Monitors the risk system technical infrastructure, applications and/or business transactions across the environment.
• Collaborates with Technology service providers and other stakeholders to investigate, perform root cause analysis and plan corrective actions; follows production environment support processes and guidelines.
• Collaborates with internal and external stakeholders to deliver on business objectives.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Monitors and tracks performance and addresses any issues.
• Tracks metrics and milestones, makes recommendations for resolution and escalates as appropriate when issues arise.
• Analyzes data and information to provide insights and recommendations.
• Monitors and tracks performance; addresses any issues.
• Supports the data reconciliation / provisioning processes between core risk systems.
• Performs verification and monitoring activities for all changes implemented in the production environments according to guidelines and policies.
• Supports the development and maintenance of system and process documentation / process controls / knowledge assets required for the operation.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed