Project Manager, Capital Stress Testing

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This is a hybrid role based in Chicago.

The Project Manager, Capital Stress Testing is a key position on the U.S. Capital, Liquidity, and Funding team that is responsible for the organization and execution of the Capital Adequacy Process (CAP) for the BMO U.S. legal entities. This role will oversee of the development, implementation, documentation, and update of all aspects of the Capital Planning/Comprehensive Capital Analysis and Review (CCAR)/Dodd-Frank Act Stress Test (DFAST) workstreams and coordinate the production of CCAR/DFAST key deliverables. Manage stress testing execution calendar and track progress towards overall completion. Direct regular meetings to facilitate discussion of achieving progress towards CCAR/DFAST execution with all contributing groups. Manage change and oversee key components of the CAP by providing channels for timely communication of project status, as well as identifying, communicating, and mitigating issues, risks, and dependencies across the CAP. Where applicable, implement CAP remediation activities/enhancements.  You will support the management and execution of the Bank’s capital management framework and related capital management strategies, initiatives and operational programs to ensure compliance and optimize the efficiency of capital resources.

• Communicate project status, changes, issues, risks, and dependencies on a regular basis to key management governance forums
• Manage CCAR execution calendar and track progress towards key deadlines and overall completion
• Direct weekly, or more frequently as necessary, SCRUM meetings to facilitate discussion towards CCAR execution; proactively identify key dates, milestones, and chart dependencies across workstreams
• Determine business priorities and best sequence for execution of business/group strategy.
• Oversee CAP-related Business Managed Applications (BMAs) and ensure stakeholder adherence to BMA policies and procedures
• Work closely with Capital Management Group to monitor Capital Plan content writing and reviewing progress
• Coordinate and manage all CAP-related examination or supervisory events, including recurring and ad hoc regulatory requests
• Coordinate and manage all Audit or other internal/external reviews related to the CAP, including recurring and ad hoc events
• Coordinate and track efforts relating to the remediation of any identified CAP issues
• Support the development of Corporate Standards, operating principles and guidelines to support the Capital Management Framework.
• Conduct independent analysis and assessment to resolve strategic issues.
• Lead or participate in change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Apply specialized knowledge and provides advice on the interpretation of regulatory capital rules.
• Recommend and implement capital management solutions based on analysis of issues and implications for the business including available Capital and capital usage (i.e. LE, RWA, RC) versus limits.
• Oversee CAP-related Business Managed Applications (BMAs) and ensure stakeholder adherence to BMA policies and procedures
• Work closely with Capital Management Group to monitor Capital Plan content writing and reviewing progress
• Support the development of Corporate Standards, operating principles and guidelines to support the Capital Management Framework.
• Conduct analysis to evaluate capital impacts of bank initiatives/actions/business transactions e.g. acquisitions.
• Monitor Capital usage (i.e., Capital Demand), Capital Supply (including Available Capital and deductions) and Capital adequacy.
• Support the execution of the Enterprise capital adequacy assessment in partnership with Risk Management.
• Monitor competitive and regulatory developments, assesses impacts of changes and advises on implications the enterprise/business/group.
• May network with industry contacts, rating agencies and regulators on capital and funding issues to influence as well as gather competitive insights and practices.
• Build effective relationships with internal/external stakeholders.
• Act as liaison between stakeholders in order to align agendas and ensure a clear understanding of the business context.
• Monitor and track capital performance / drivers of capital performance, and addresses any issues.
• Gather and format data into regular and ad-hoc reports, and dashboards.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• 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:

• Typically between 5 - 7 years of relevant experience and/or certification in related field of study or an equivalent combination of education and experience.
• Knowledge of economic, social and political forces and marketplace trends.
• One or more of the following preferred: MBA Finance, CA, CFA, CGA, CMA.
• Experience in Finance, Capital Markets, or Treasury.
• Knowledge of financial analysis and financial modeling.
• In-depth knowledge of regulatory capital management concepts; capital markets business.
• In-depth understanding of accounting, balance sheet, and risk management concepts and practices.
• 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.

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 http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

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.