BMO Financial Group Manager, Quantitative Analysis and Strategy in Toronto, Ontario
100 King Street West
Job Family Group:
Data Analytics & Reporting
The Quantitative Analysis and Strategy (QAS) team works closely with Corporate Treasury internal Structured Market Risk, Liquidity & Funding, and Portfolio Management partners and Lines of Business partners across the bank in identifying and quantifying risks and opportunities through analytical support and statistical model development.
The Manager of QAS team in Corporate Treasury will be responsible for developing, enhancing, implementing and maintaining quantitative models and analytics suites using conventional econometric and machine learning techniques for the purposes of asset liability and interest rate risk management, customer analytics and profitability, and stress testing under various macro-economic scenarios. This involves analyzing large account-level and transaction-level data, articulating the problem statement, formulating the most appropriate quantitative solution, and getting all key stakeholder on -board.
The analysis and modeling work will cover all areas of the banks’ balance sheet, with a special focus on liabilities — personal and commercial term and non-maturity deposit products. In additional to analysis and modeling, maintenance and curation of data infrastructure will be a key responsibility for this position.
Understand large, complex historical data and apply data treatment process using SAS, SQL, Python, R etc.
Maintain and create curated datasets to support ongoing analysis and modeling needs
Use Machine Learning and Artificial Intelligence techniques to analyze loans and deposits accounts and customer-level data to specify models or quantitative assumptions that can help Line of Business and Treasury to better understand interest rate risk and customer behavior. Ensure that specification makes business sense.
Write detailed documentation of the developed methodologies, including data construction, methodology specification, results, and testing.
Put together PowerPoint presentations to present the developed methodologies to Line of Business and Corporate Treasury management to explain complex statistical techniques in simple business language.
Communicate with model validation to ensure successful validation of the developed methodologies.
Monitor and track developed and future model performance, and address any potential issues
Construct dashboard presentation to assist business decision making and identify model performance issues in a more efficient way
Help with routine processes such as stress testing model runs and annual model reviews.
Assist with ad-hoc analysis requests from Line of Business and Finance partners and other Corporate Treasury teams.
Master’s degree in a quantitative field (Statistics, Mathematics, Engineering, Economics, Mathematical Finance) and/or combination of quantitative and business degrees required, Ph.D. preferred
3+ years of strong hands-on computational development skills, particularly statistical modeling tools, relational databases, and data visualization tools (SAS, R, SQL, Python, Hadoop, Access/VBA, Power Query, Power BI etc.), ability to adapt to various programming languages and environments.
Strong data analysis skills, and able to deal with large data sets to extract relevant information.
Effective presentation and communication skills; Ability to convey complex concepts and outcomes to non-subject matter experts.
Proficiency with statistical/econometric modeling techniques
Experience with Machine Learning and Artificial Intelligence techniques preferred
We’re here to help
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 https://jobs.bmo.com/ca/en.
BMO 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. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
BMO Financial Group Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.