Application Deadline:
11/10/2026
Address:
320 S Canal Street
Job Family Group:
Audit, Risk & Compliance
Bank of Montreal seeks a Senior Specialist-IC Market Risk Oversight & Governance I to provide market risk oversight, monitoring, and reporting for a designated portfolio. Develop and monitor the market risk management framework that includes governance and practices used across BMO to manage market risk. Provide policies and standards, methodologies, and controls to increase transparency, accuracy and consistency across groups. Work with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio to ensure compliance and effective monitoring, timely reporting and identification of action plans. Make recommendations to senior leaders on strategy and new initiatives, based on in-depth understanding of the business/group. Act as subject matter expert on relevant regulations and policies, and interpret new regulations and assess impacts to the governance framework. Develop reports on the status of governance programs or framework components to various internal and external stakeholder audiences. Recommend business priorities, advise on resource requirements, and develop roadmap for strategic execution. Design and produce regular and ad-hoc reports and dashboards. Develop and manage comprehensive information management systems, and design and/or lead initiatives to improve processes, analysis and reporting. Participate in the development of communication strategy focusing on positively influencing or changing behavior. Coordinate change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustaining initiatives. Coordinate the execution of operational programs and assess/adapt as needed to ensure quality of execution. Participate in the management of governance meetings and maintenance of government body mandates, oversight and approval guidelines. Monitor the financial market environment and market risk model performance impacts for optimal execution of risk strategies.
Requirements: Master's degree in Business, Analytics, Data Science or related field (willing to accept foreign education equivalent) plus five (5) years of experience as a Senior Specialist or related occupation overseeing portfolio market risk, developing risk framework, ensuring compliance, and providing strategic reports and recommendations OR Bachelor's degree in Business, Analytics, Data Science or related field (willing to accept foreign education equivalent) plus seven (7) years of experience as a Senior Specialist or related occupation overseeing portfolio market risk, developing risk framework, ensuring compliance, and providing strategic reports and recommendations. Experience must include (quantitative experience requirements not applicable to this section): Preparing and presenting US Entity risk reports to risk and board committees; Performing risk reporting utilizing financial modeling applications and database queries; Developing and improving stress tests for interest rate and credit products by applying stress methodologies in conjunction with data applications including Bloomberg; Conducting market risk oversight review of new products including reviewing financial modeling application results and developing appropriate limit frameworks that integrate with market risk limit frameworks; and Utilizing statistical and predictive analysis on varied measures including Fundamental Review of the Trading Book (FRTB) and stale inventory to provide input into business actions.
The salary range for this specific position in Chicago, IL is $138,632-247,000 per year.
Salary:
$120,000.00 - $250,000.00
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
