BMO Financial Group
Finance & Accounting
Manager,StructuralMarketRisk
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“Manager, Structural Market Risk at BMO Financial Group. Skills: quantitative risk models, Structural Market Risk (SMR) framework, valuation of instruments with embedded options, FTP methodologies, stochastic valuation techniques, loan prepayment modeling. research, development, and enhancement of quantitative risk models that measure and manage structural market risk. develops and implements methodologies for products with contractual maturities and embedded optionality”
What You'll Achieve.
ensure risks are accurately identified, measured, and integrated into effective risk management practices; strengthen the Bank’s SMR framework; maintain model effectiveness; supporting SMR decision-making; supporting hedging strategy enhancements
Industry & Context.
Excellent analytical, problem-solving; Apply creativity and experience to address complex, ambiguous, and non-routine risk and modeling challenges
What They're Looking For.
Must Have
5-7 years of experience in Asset Liability Management, Market Risk Management or related quantitative risk domains, Experience running the QRM Asset Liability Management Framework (or similar ALM software), including configuring, testing and implementing behavioral models, Experience in fixed income, derivatives and valuation of instruments with embedded options, Demonstrated understanding of FTP methodologies, stochastic valuation techniques and loan prepayment modeling, Advanced proficiency with Excel, SQL, VBA, Experience with risk management, financial market products, valuation and balance sheet/ALM functions, In-depth understanding of quantitative modeling, statistics, financial metrics and data-driven decision-making
Nice to Have
Post-secondary degree in a relevant advanced degree in quantitative disciplines (e. g. , Computer Science, Mathematics, Physics, Engineering, Statistics, Finance), Professional designations in finance or risk (e. g. , FRM, CFA), knowledge of AI prompting best practices
What You'll Do.
and enhancement of quantitative risk models that measure and manage structural market risk
develops and implements methodologies for products with contractual maturities and embedded optionality
Coordinate the development
and implementation of SMR models
Perform model testing and coordinate model implementation
Maintain comprehensive documentation
Ensure that models and non‑model assumptions meet Bank policies
and regulatory requirements
Perform ongoing back‑testing
and benchmarking activities
and periodically review key non‑model assumptions
Provide subject matter expertise on behavioral modeling requirements
Conduct quantitative analyses to support FTP rate components
Ensure consistency in assumptions and methodologies
Define reporting requirements and design and produce dashboards
Manage and integrate data across relevant sources
Support the optimization of SMR measurement
and risk management processes
Monitor the financial market environment and assess implications on model performance and structural risk metrics
Support strategic initiatives related to SMR
model improvements or Corporate Treasury processes
Develop business cases
and recommend resource requirements
Facilitate change management activities
How You'll Work.
Team & Collaboration
collaboration with the quantitative modeling team; collaborates closely with lines of business, other Corporate Treasury teams and oversight partners; Coordinate the development, enhancement, and implementation of SMR models with the quantitative modeling team; Perform model testing and coordinate model implementation across QRM Architecture, SMR Analytics & Reporting and model development teams; Partner with business and product owners; Build relationships with internal and external stakeholders
Communication Scope
Excellent communication; Provide insights to senior leaders; Lead responses to review and challenge from Market Risk, Model Risk, Internal/External Audit, and regulators
Process & Methodology
Develop business cases, recommend priorities, and recommend resource requirements to advance key initiatives, Facilitate change management activities, ensuring effective planning, execution, and sustainment of new processes, models or methodologies
Full Job Description
Application Deadline: 05/25/2026 Address: 100 King Street West Job Family Group: Finance & Accounting The Manager, Structural Market Risk (SMR) supports the research, development, and enhancement of quantitative risk models that measure and manage structural market risk across the Bank’s portfolios in coordination with the quantitative modeling team. This role develops and implements methodologies for products with contractual maturities and embedded optionality, ensuring risks are accurately identified, measured, and integrated into effective risk management practices. The role collaborates closely with lines of business, other Corporate Treasury teams and oversight partners to strengthen the Bank’s SMR framework. **Key Accountabilities** **Model Development & Implementation** * Coordinate the development, enhancement, and implementation of SMR models with the quantitative modeling team, including valuation of embedded options, customer behavioral models, and Earnings-at-Risk/economic valuation methodologies. * Perform model testing and coordinate model implementation across QRM Architecture, SMR Analytics & Reporting and model development teams. * Maintain comprehensive documentation covering model assumptions, methodologies, testing and impact analyses. * Ensure that models and non‑model assumptions meet Bank policies, standards, and regulatory requirements. * Perform ongoing back‑testing, stress‑testing, and benchmarking activities, recommending refinements to maintain model effectiveness. **Assumption Governance & Analytical Support** * Develop, validate, and periodically review key non‑model assumptions that drive valuation and earnings estimates. * Provide subject matter expertise on behavioral modeling requirements, ensuring alignment across SMR, Funds Transfer Pricing (FTP), and corporate planning/forecasting. * Conduct quantitative analyses to support FTP rate components, including option costs, prepayment rates, and product cash‑flow characteristics. * En
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