BMO Financial Group Manager, Liquidity & Funding (Quantitative Strategy and Research) in Chicago, Illinois
The Manager of Quantitative Strategy and Research is responsible for day-to-day management of key analytics and reporting activities within the Capital, Funding & Liquidity (“CFL”) team within US Corporate Treasury. The manager must coordinate amongst both internal and cross-functional teams to pull, analyze, and socialize a variety of data, assumptions, and outputs of liquidity metrics. The Manager will lead the development of new assumptions, tools, and process to improve the efficiency, quality, and granularity of reporting to meet internal and regulatory requirements. The Manager must develop strong relationships across lines of business to facilitate greater understanding of their impacts to liquidity metrics, stress testing, and overall financial health of the US operations
KEY AREAS OF ACCOUNTABILITY
Assist in the identification of potential sources of stress (e.g. product features, counterparty behaviors and concentrations, contractual risks, etc.)
Assist in the development of liquidity stress assumptions and documentation (per Reg YY and Reg WW)
Assist in development and maintenance of Liquidity and Funding governance documents and operating procedures
Provide oversight of intraday liquidity risk management initiatives including:
Intraday stress testing
- Wire throttling and prioritization
Limit setting and monitoring
Develop dashboards for liquidity risk position tracking (i.e. Spotfire of Qlikview reports)
Identify key drivers of liquidity risk metric volatility
Implement procedures to track and report key changes over time
Support projects throughout the organization acting as a subject matter expert on liquidity to assist where needed
Assist in the monitoring and measurement of LOB liquidity risk positions
- Assist in ensuring the capture of all material liquidity risks within departments
- Provide data to risk, auditors, and regulators in response to inquiries into company's calculation of LTP
- Support of senior management and ALCO committee - provide reporting and supporting analysis of liquidity data and metrics topics as needed
4-6 years in financial analyst/manager role, preferably in Finance or Treasury, or
2-3 years in financial analyst role, and recent/future grad from master’s program
Deep understanding of the function as outlined, and of related industry best practices
Expert knowledge of bank funding management, including rules and regulations
Expert knowledge of financial analysis and modeling
Able to apply designation/education and financial experience in a financial services organization
Prefer one or more of the following: CPA, CFA
Strong Proficiency in SQL
Knowledge of SAS or Python is a plus
Ability to work independently
Excellent communication skills, both verbal and written
Ability to multi-tasks and meet timelines without compromising the integrity of the information
Ability to influence others to accomplish assigned tasks
Comfort and experience dealing with internal auditors, regulators, external parties, etc.
Creative and conceptual thinker
We’re here to help
At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
As a member of the BMO Harris Bank 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://bmoharriscareers.com.
BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Financial Planning & Analysis