Description

Application Deadline:

12/04/2025

Address:
320 S Canal Street

Job Family Group:
Audit, Risk & Compliance

If you're looking for your next dream job, consider this one in BMO's Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs

Capital stress testing based on comprehensive stress test scenarios that stress the material and emerging risks and overall specific vulnerabilities of a firm's risk profile and operations is a critical foundational element of BMO's Risk Management Framework to ensure sufficient capital adequacy is maintained during periods of stress. Risk ID, Emerging Risks & Scenarios ("Risk ID") team manage critical foundational elements including stress test & emerging risk scenario design and material & emerging risks. Risk ID program is in the early stages of executing an optimized target state roadmap that will transform it to be fully integrated and in harmony with 1st and 2nd LoD BAU processes and reporting to deliver a strongly supported material & emerging risk inventory that systematically informs stress test scenario designs. As the Vice President of Emerging Risks & Scenarios, you will have the privilege of supporting the design and implementation of our dynamic optimized target state enterprise-wide stress test (EWST), US stress test (CCAR) and emerging risks scenario design processes. Additionally, you will also support our target state emerging risks identification, assessment, reporting and monitoring process, which includes, but is not limited to, the following:

• Develop and implement a target state stress testing and emerging risks scenario design process, which includes among many other improvements: 1) Fully integrate EWST, CCAR and emerging events scenario design processes to drive efficiency, consistency and effectiveness; 2) Build a single golden source library of stress and emerging risks scenarios; 3) Support the incorporation of Artificial Intelligence/Machine Learning into the development of scenario narratives, variable forecasts and early-warning indicator dashboards; 4) Support the evolution to a quarterly enterprise level stress test process.
• BAU management of the end-to-end EWST and CCAR capital stress testing design processes to satisfy annual and mid-year stress testing exercises, which includes among others: 1) Conducting research on a range of possible stress scenarios; 2) Preparing scenario narratives; 3) Forecasting economic and financial variable time series under these hypothetical stress scenarios; 4) Running sensitivity analysis on key variables and other scenario inputs; 5) Systematically mapping stress scenarios to material risks; 6) Selecting certain emerging risks to include in scenarios; 7) Executing governance including review, challenge and approval of scenarios; 8) Ultimately, delivering and maintaining a suite of BAU stress scenarios that will continually evolve and can be efficiently run on a quarterly basis.
• Develop and implement a target state emerging risks identification, assessment and monitoring process and reporting that is comprehensive, efficient, structured and is rooted in comprehensive sourcing, what-if scenarios and full integration with risk inventory/material risks to deliver dynamic, insightful and actionable emerging risk reporting including early warning indicators.
• BAU management of monthly emerging risks process by 1) being a key point of contact and trusted partner for stakeholders that ensures a highly transparent, efficient and structured process/playbook is being executed and 2) delivering quality controlled, insightful and actionable reporting to management committees and the Board.
• Develop and implement a robust central system/tool to document, update, store and report on emerging risk external sources, emerging risks inventory and early warning indicators.

Qualifications:

• 7+ years of relevant economics, stress test scenario design, risk management, data science, machine learning, artificial intelligence, financial modeling, and/or stress testing experience and degree(s) in related quantitative fields or an equivalent combination of education and experience.
• In depth / Expert knowledge of economics, risk management, modeling/forecasting, and/or stress testing.
• Knowledge of banking products, including credit and non-credit experience, economics and financial markets.
• In-depth / Expert communication and relationship management skills.
• In-depth / Expert ability to manage multiple priorities with effective planning and organizing skills
• In-depth / Expert verbal & written communication skills
• In-depth / Expert analytical and problem solving skills
• In-depth / Expert influence skills
• In-depth / Expert collaboration & team skills; with a focus on cross-group collaboration
• In-depth / Expert ability to manage ambiguity.
• Develop and implement a highly efficient, consistent and insightful process to map existing and proposed emerging risks to material risks to understand risk inventory coverage and understanding of new and/or evolving emerging risks.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
• 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.

Salary:

$102,000.00 - $190,000.00

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: 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 BMOCareers.Support@bmo.com 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.