Full Job Description
BMO Bank N.A. seeks a Specialist III-IC Liquidity and Funding to support development and execution of Enterprise's liquidity and funding risk management strategy for executive and Board approval in collaboration with Market Risk Management to recommend liquidity and funding-related risk appetite limits through robust data analytics and visualizations. Automate and own end-to-end data pipelines for different portfolios from data ingestion, transformation and analytics to dashboard reporting. Monitor performance of daily liquidity stress testing processes and address any issues related to commitment items. Develop interactive reports and dashboards to visualize trends and breaches, identify accounts exceeding allocated limits and enable upper management to make data driven decisions. Collaborate with market risk management, businesses, and finance to develop processes to identify, measure, and manage liquidity and funding risks. Advise business/group on liquidity and funding matters, including recovery and resolution planning. Develop and maintain the model and assumption framework used to measure liquidity and funding risk and recommend changes (e.g. review liquidity objectives, positions, and assumptions, including for new business transactions). Identify emerging issues and trends to inform decision-making and understand risk drivers. Recommend and implement solutions based on risk assessments, analysis of issues, and implications for the business. Manage the development of large data models to help forecast liquidity and funding capabilities of the bank under different stress scenarios. Liaise between stakeholders, including industry specialty groups and regulators, to align agendas and advocate company's position on market or regulatory developments. Monitor performance of liquidity stress testing processes and address issues. Provide input into the planning and implementation of liquidity and funding risk modeling activities and programs. Integrate information from multiple sources to enable more efficient processes, identify patterns and outliers for enhanced data analysis and streamlined reporting. Monitor and track balance sheet usage. Design and produce reports and dashboards. Analyze data and information to provide insights into business product pricing and funds transfer pricing processes.
Requirements: Master's degree in Finance, Data Science, Computer Science or related field (willing to accept foreign education equivalent) plus three (3) years of experience as Solution Specialist, Data Scientist or related occupation in data analytics, data engineering, or computer science OR Bachelor's degree in Finance, Data Science, Computer Science or related field (willing to accept foreign education equivalent) plus five (5) years of experience as Solution Specialist, Data Scientist or related occupation in data analytics, data engineering, or computer science. Experience must include (quantitative experience requirements not applicable to this section): • SAS, R programming, SPSS and Python for data modeling; • SQL for querying and creating tables/views for downstream consumption; • Dashboarding tools, including Power BI or Tableau; • Data analytics and complex Excel pivot tables and lookup, including index+match, vlookup, and sumifs; • Using cloud-based data platforms, including Snowflake, AWS, GCP, and Azure to create data structures; • Optimized processing of data to allow data automation; • Leading discoveries and gathering complex client requirements to create analytical solutions; and • Workflow management and JIRA development and tracking. Hybrid position requiring 4 days in office per week.
The salary range for this specific position in Chicago, IL is $138,632-165,600 per year
Salary:
$90,000.00 - $180,000.00
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
