Application Deadline:
Address:
250 Yonge StreetJob Family Group:
In this role, the candidate will focus on counterparty credit risk metrics—such as Potential Future Exposure (PFE), settlement risk, and collateral—supporting critical business and risk decisions. The individual will be responsible for developing, enhancing, and maintaining key processes for assessing, monitoring, and reporting counterparty risk measures.
The candidate will work closely with cross‑functional partners across the firm, including Trading, Risk Oversight, Portfolio Management, and Senior Management, to ensure risk insights are well understood and effectively communicated. The role also supports the research and development of quantitative risk‑modeling methodologies and related strategies to manage risks arising from portfolios and financial products.
Leveraging strong analytical skills and modern technologies, the candidate will help maintain forward‑looking models and analytical solutions that accurately identify, measure, and monitor risk exposures.
This role has a direct and indirect impact on key financial and risk metrics, including counterparty credit risk exposure measurement and monitoring and economic capital and regulatory capital calculations
Responsibilities:
Develop and apply scripting and programming solutions to automate processes supporting a wide range of activities, from data acquisition and transformation to the generation of automated risk reports.
Calculate and analyze counterparty credit risk exposures for non‑standard and complex transactions with unique structural features in a timely and accurate manner.
Partner closely with Trading, Lines of Business, Risk Oversight, Infrastructure, Model Development, and Operations teams to ensure accurate deal understanding and to resolve deal‑specific issues.
Provide analytical support for ad‑hoc projects and trading‑related requests within the group.
Collaborate with Market Risk Oversight, Stress Testing, Capital, and Reporting teams to deliver regulatory reporting and stressed exposure results.
Maintain cross-functional relationships with: Technology & Operations (T&O) Project Managers and Business Analysts, Counterparty Credit Risk Model Development Team, Risk Oversight and Market Risk Stress Testing Teams, Corporate Risk Management Directors and Managers, Lines of Business (LoB) Credit Portfolio Managers and Account Managers, and External system and software vendors
Qualifications
Master’s degree in a technical or quantitative discipline such as quantitative finance, statistics, engineering, or applied mathematics
1+ years of relevant professional experience, preferably within a financial institution
Knowledge of financial markets and financial products
Solid understanding and hands-on experience with risk management methodologies and measurement systems, including PFE-related frameworks
Proficiency in Python; experience with Django and/or VBA is a strong plus
Excellent analytical, problem-solving, and troubleshooting skills
Strong written and verbal communication skills
Ability to work effectively both independently and as part of a collaborative team
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 https://jobs.bmo.com/ca/en.
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. To request accommodation, please contact your recruiter.
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.
Skills Required
- Master's degree in a technical or quantitative discipline
- 1+ years of relevant professional experience
- Knowledge of financial markets and financial products
- Understanding of risk management methodologies and measurement systems
- Proficiency in Python
- Experience with Django and/or VBA
- Strong analytical and problem-solving skills
- Strong communication skills
BMO Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about BMO and has not been reviewed or approved by BMO.
-
Parental & Family Support — Paid parental leave up to 16 weeks at full pay for all new parents, plus up to $20,000 for adoption, surrogacy, and fertility, and 10 days of paid backup childcare indicate robust family support. These elements stand out within BMO’s U.S. package.
-
Retirement Support — A 401(k) design combining a core employer contribution with dollar-for-dollar matching up to a set portion of pay, plus immediate vesting on match and employee contributions, signals strong retirement funding. The core contribution’s three-year vesting is clearly defined.
-
Leave & Time Off Breadth — Vacation accrual scales with grade and service, alongside 9–10 paid holidays and additional paid time off buckets (bereavement, school activities, civic duties, blood donation, volunteering). This breadth offers multiple avenues for time away beyond standard vacation.
BMO Insights
What We Do
At BMO, banking is our personal commitment to helping people at every stage of their financial lives. The truth is, people’s needs change: so we change too. But we never change who we are. Which means we’ll never waiver from providing our customers the best possible banking experience in the industry. Our incredible team of over 46,000 people is just the tip of the iceberg. You should get to know us. We’re here to help.
