Senior Manager, Counterparty Credit Risk Analytics

Role (Title): Senior Manager, Counterparty Credit Risk Analytics

Group/LOB: Market Risk

Location (City): 250 Yonge Street, Toronto

Start Date: ASAP

End Date:

Job Type:

Mode: Hybrid

Role Summary

The Senior Manager, CCR Analytics leads the design, implementation, and oversight of counterparty credit risk measurement and analytics. The role focuses on delivering robust exposure methodologies (PFE, Settlement, stress), ensuring model usage integrity, and providing actionable insights to trading desks, risk oversight, and senior management.

This role combines advanced quantitative expertise with leadership responsibilities, ensuring that CCR analytics frameworks are accurate, scalable, and aligned with regulatory expectations.

Key Responsibilities

• CCR Analytics & Exposure Measurement
• Lead the calculation, validation, and analysis of CCR metrics including:
• Potential Future Exposure (PFE)
• Settlement
• Mark to Market (MTM)
• Stress and scenario-based exposures
• Oversee treatment of complex/non-standard trades and ensure appropriate modeling of exposures
• Identify weaknesses in pricing models and exposure methodologies; propose and implement improvements
• Methodology & Model Usage Governance
• Ensure appropriate application of CCR models and methodologies across portfolios
• Partner with model development and validation teams on:
• Model enhancements
• Performance monitoring
• Regulatory model reviews
• Provide subject matter expertise on CCR methodologies (netting, collateral, margining, wrong-way risk)
• Risk Insights & Business Support
• Provide analytics and insights to trading desks and portfolio managers on counterparty exposures, concentrations, and sensitivities
• Analyze drivers of exposure changes (market moves, trades, collateral) and communicate implications clearly
• Support business decisions including:
• Limit setting and utilization analysis
• Optimize trading PnL within risk appetite
• Support new initiatives such as new product or feature by analyzing impact to CCR and providing insight into mitigating them
• Regulatory & Stress Testing Deliverables
• Lead CCR analytics inputs into:
• Regulatory reporting
• Stress testing frameworks and scenario design
• Deliver high-quality analytics supporting regulatory exams and internal governance reviews
• Data, Controls & Analytics Quality
• Ensure integrity and reconciliation of exposure data across systems
• Implement controls around:
• Input data quality
• Model outputs and reconciliations
• Exception handling and escalation
• Data Timeliness and system performance
• Work closely with infrastructure teams to enhance data pipelines and analytics performance
• Automation & Advanced Analytics
• Drive automation of CCR analytics processes (data ingestion, calculations, reporting)
• Leverage Python/SQL or similar tools to:
• Build analytical tools
• Perform deep-dive analysis and scenario simulations
• Promote efficient, scalable analytics processes to support growing portfolios
• Stakeholder Management
• Liaise with:
• Trading desks (rates, FX, credit, commodities)
• Market Risk Oversight and Credit Risk teams
• Model development/validation and technology teams
• Ensure clear understanding of CCR exposures and methodologies across stakeholders
• Team Leadership
• Lead and mentor a team of CCR analysts/quantitative specialists
• Provide technical guidance on exposure methodologies and analytics
• Manage delivery timelines for BAU and regulatory commitments

Qualifications & Skills

Education

• MSc or equivalent in Quantitative Finance, Mathematics, Statistics, Engineering, or related field
• Nice to have: CFA or FRM

Experience

• 7–10 years in CCR analytics, market risk, or quantitative risk roles
• Strong experience with exposure metrics (PFE, CVA, EE) and financial products (Derivatives and Security Financing Transactions)
• Experience supporting regulatory deliverables and/or stress testing

Technical Skills

Deep knowledge of:

• Derivative pricing and exposure modeling
• Netting, collateral, CSA mechanics
• CCR regulatory frameworks (Basel / OSFI / Fed)
• Programming skills (Python/SQL preferred) for analytics and automation
• Familiarity with risk engines (e.g., Adaptiv or similar platforms)
• Familiarity with managing daily operations for risk or trading systems

Soft Skills

• Strong analytical and critical thinking skills
• Ability to translate complex analytics into business insights
• Effective communication across technical and non-technical stakeholders
• Proven leadership and team management capability

Role Impact

• Drives accuracy and robustness of CCR exposure measurement
• Influences:
• Risk appetite and limit decisions
• Pricing and trading strategies (via exposure and CVA insights)
• Regulatory capital and stress testing outcomes
• Acts as a key bridge between quantitative modeling, risk oversight, and business decision-making

Delivers exceptional service to BMO customers and prospects. Identifies customer needs and provides advice and guidance regarding financial solutions that are in the best interests of customers. Works collaboratively within the branch and through various channels with BMO partners to deliver the desired customer experience and achieve overall business objectives.

• Takes a lead in proactively engaging with existing customers and prospects by providing needs-based assessments to grow loyalty and identify immediate / future opportunities.
• Engages customers to complete needs assessments that identify financial solutions and preferred banking channels while recommending tailored solutions addressing both sales and service needs (e.g. everyday banking, retail investments, lending solutions, home financing (including business-for-self applications)), and small business solutions).
• Offers clients advice and guidance on available digital and self-serve options with the goal of making banking easy, simple, and fast.
• Supports customer transactions needs based on customer traffic.
• Engages customers to grow BMO’s business by reaching out, generating appointments, and building new relationships within the community.
• Addresses questions and resolves issues raised through consumer credit audits and quality checks to ensure accurate data entry and lending application recommendations in compliance with legal and regulatory requirements and lending policies and processes.
• Applies the risk management framework to the portfolio to protect the Bank's assets and maintain the quality of the lending portfolio in compliance with requirements for the lending process and established yield, quality, diversification, and risk guidelines.
• Makes credit recommendations for personal lending transactions, including home financing, in accordance with sound credit granting principles and with the Bank’s policies and procedures.
• Acts as a key member of a collaborative and versatile branch and market team.
• Probes to understand customer personal banking and credit card needs and integrates marketing promotions and programs into customer conversations to provide strategic advice.
• Organizes work information to ensure accuracy and completeness.
• Takes the initiative to find creative approaches that make each customer’s experience feel personal.
• Looks for ways to contribute to the ongoing improvement of the overall customer experience.
• Contributes to business results and the overall experience delivered.
• May work at multiple branches or through various channels based on market needs; work schedule may differ from week to week in terms of days worked, hours, and shifts.
• Follows through on risk and compliance processes and policies to ensure we safeguard our customers’ assets, maintain their privacy, and act in their best interest.
• Keeps current with the wider financial services marketplace, the legal and regulatory environment, and our commitment to uphold the highest ethical requirements of our industry.
• Maintains current knowledge of personal banking products, practices, and trends and integrates into customer conversations.
• Identifies and reports suspicious patterns of activity that are suspected to be related to money laundering.
• Complies with legal and regulatory requirements for the jurisdiction.
• Protects the Bank's assets in compliance with all regulatory, legal, and ethical requirements.
• Completes complex & diverse tasks within given rules/limits and may include handling escalations from other employees.
• Analyzes issues and determines next steps.
• Broader work or accountabilities may be assigned as needed.
• Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Qualifications:

• Typically between 2 - 3 years of relevant experience and post-secondary degree in related field of study desirable or an equivalent combination of education and experience.
• Canada only: Registration to sell investment products completed - as appropriate for the jurisdiction.
• Appropriate lending qualifications and designations.
• Working knowledge of personal and small business customer needs and solutions.
• Working knowledge of retail investments and lending products.
• Experience in financial services is an asset.
• Confident and experienced in the use of social media, tablets, Smart phones, online tools, and applications.
• Experience in a consultative customer service or sales role, with a drive to deliver a personal customer experience.
• Passionate commitment to helping our customers.
• Drive to deliver a personal customer experience.
• A focus on results and the ability to thrive in a consultative sales and team-based environment.
• Resourceful self-starter with courage and confidence to approach customers.
• Readiness to collaborate and work in different capacities as part of a team.
• Strong interpersonal skills, including the ability to build rapport and connections with customers.
• An aptitude for listening, solving problems, and responding flexibly and creatively to new challenges.
• Specialized knowledge.
• Verbal & written communication skills - Good.
• Organization skills - Good.
• Collaboration & team skills - Good.
• Analytical and problem solving skills - Good.

Salary:

$38,500.00 - $71,000.00

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

About Us

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.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.