BMO Financial Group

Business Analyst Co-op

May 26, 2017
Competitive
Toronto, Ontario
Co-op

Description
BMO is in the process of building its next generation Market Risk platform. The platform is being built with best-of-breed technologies which will provide the flexibility required to meet tomorrow’s regulatory requirements for both Market Risk. The platform computes VaR, Stress-VaR, and performs Stress Testing, using both ModelVaR and HistoVaR approaches. 

In joining the Market Risk Technology Simulation team, you will become an integral part of the team that develops the computations for Market Risk and Counterparty Risk calculations for all of Global Capital Markets. These calculations include Value at Risk (VaR) Stress VaR, peak exposure and expected exposure. Commodities, Equities, Rates, Credit , FX and Fixed Income are covered. Given the current focus of both US and Canadian regulators on Market Risk and Counterparty Risk capabilities, this is a high profile opportunity. 

Design and document analytical function of Market Risk NextGen framework. 
Analyze the result from new functions added to the framework. Provide explanation to the valuation difference from each quantitative change. 
Liase with other team members to trouble shoot problems and devise solutions to problems. 
Liase with Market Risk, Model Review, QA and Deployment teams.

Qualifications

Bachelor degree in a quantitative subject; Financial Engineering is a plus. 
Familiar with quantitative financial model and pricing. 
Ability to communicate clearly and concisely, both orally and in writing. . 
Excellent problem identification and resolution skills.   

We’re here to help 
At BMO we have a shared purpose; we put the customer at the centre 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 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://bmocareers.com
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.

How to Apply