Bank of Montreal

Audit Manager, Quantitative

Bank of Montreal$75K — $141K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Masters degree or PhD in Quantitative Finance or related areas.
  • At least 2 years of experience in quantitative analysis, research, or statistical modelling.
  • Strong analytical ability with a focus on logical and critical thinking.
  • Excellent written and verbal communication skills.
  • High attention to detail in tasks and documentation.
  • Proficiency in computer skills, especially Excel; advanced programming knowledge is beneficial.

Responsibilities

  • Support teams in understanding and evaluating quantitative models.
  • Present model findings and weaknesses to stakeholders.
  • Ensure model documentation complies with corporate policies.
  • Collaborate with teams to assess the business risk framework.
  • Proactively manage individual workload and project tasks.
  • Drive innovation in problem-solving within project scopes.
  • Develop a strong understanding of various business processes and tools.

Benefits

  • Health insurance coverage.
  • Tuition reimbursement for continuing education.
  • Accident and life insurance options.
  • Retirement savings plans to prepare for the future.
  • Performance-based incentives and discretionary bonuses.
Full Job Description
Application Deadline:

08/16/2026

Address:
100 King Street West

Job Family Group:

Audit, Risk & Compliance

BMO's Corporate Audit Department helps protect against the risk of loss and reputational damage, and provides vital assurance to the Board of Directors and senior management as to the quality and effectiveness of the internal control system. The Quantitative Audit Manager will work with a Director or Senior Audit Manager on executing elements of audits across different teams, with a focus on modelling, quantitative analysis, and audit execution activities.
  • Every day will be different!An ideal role for someone who loves quantitative modelling, you will be asked to take on a number of activities that will include supporting team members through:
  • Understanding models used by various businesses;
  • Presenting these models and any potential weaknesses/findings to other team and bank members, thus assisting senior managers in determining the Bank's risk strategy;
  • Ensuring all model documentation is compliant with Corporate policies, standards and guidelines;
  • Working with the team to evaluate the strength of the business risk framework.


Our expectation is that you'll come to the job every day with a can-do attitude and a commitment to:
  • Continually demonstrating a desire to learn new tools and business processes;
  • Demonstrating your ability to investigate and solve problems creatively and innovatively;
  • Collaborating effectively with fellow team members and project stakeholders;
  • Proactively managing individual tasks and work assignments.


Qualifications:
  • Masters degree or PhD in Quantitative Finance or related areas;
  • At least 2 years experience with quantitative analysis, research and/or statistical modelling;
  • Demonstrated analytical ability and aptitude for logical and critical thinking;
  • Excellent written and communication skills;
  • Strong attention to detail;
  • Excellent computer and Excel skills; advanced knowledge of programming languages is useful for some roles.


Salary:

$75,900.00 - $141,900.00

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 Bank of Montreal

The Bank of Montreal is a Canadian multinational investment bank and financial services company. It provides a wide range of personal and commercial banking, wealth management, and investment banking products and services. The bank had revenues of CAD 23.6 billion in 2020.
Learn more about Bank of Montreal
Size
45,454 employees
Market Cap
$60.9 billion
Industry
Founded
1817
5 Year Trend
+9.1%
NASDAQ

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