[A377] - Counterparty Credit Risk Lead Technology Officer

[A377] - Counterparty Credit Risk Lead Technology Officer

26 Aug

26 Aug



Job Family Group


Thank you for your interest in BMO Financial Group. We are currently working towards providing a better candidate experience by including all of our job descriptions in both English and French. In the meantime, if this role is located in Quebec and/or New Brunswick please reference the French job description available below the English version. Otherwise please see the job description below in English as per federal language requirements.

Nous vous remercions pour votre intérêt à l'égard de BMO Groupe financier. Nous travaillons actuellement à offrir une meilleure expérience aux candidats en publiant toutes nos descriptions de poste en français et en anglais. Entre-temps,

si ce poste est affiché au Québec ou au Nouveau-Brunswick, veuillez consulter la description de poste en français disponible sous la version anglaise. Autrement, veuillez consulter la description de poste ci-dessous en anglais, conformément aux exigences fédérales en matière de langues.

Counterparty Credit Risk Lead Technology Officer (CCRM) provides independent, enterprise-wide oversight of the management and related measurement, monitoring and control of trading and non-trading market risk and trading credit risk.

To perform the role of Lead Technology Officer for the business unit by being responsible for all process-related activities, as articulated below but not limited to:

- CCR Risk and Reporting Infrastructure;

- Data governance and controls;

- Partner/vendor Management; and

- People Management

Accountabilities of Position (key outcomes and activities):

The incumbent is charged with managing a team to continue development and continued enhancement of Reporting Infrastructure. The incumbent will be responsible for all data and information process-related activities within MR/CCR, as articulated but not limited to:

- Responsible for Risk and Reporting Infrastructure

- Responsible for data governance and controls

- Member of ERPM-IT systems governance framework

- Continued enhancement and improvement of reporting within Market Risk

- Primary interface between Market Risk and IT

The incumbent will be responsible for maintaining a high level of awareness of developments in the business, market and regulatory environments, assisting the MD Market Risk Infrastructure, the MRM Business Specialists and Regional Heads, in ensuring that BMOs risk measurement, monitoring and control practices attain a consistently high standard. The incumbent will be responsible for advocating Enterprise Risk Management practices as well as the enhancement and improvement of the underlying infrastructure to support ERPM. Within this framework the incumbent is responsible for the following activities:

1. Management Information System

- Develop and maintain effective and efficient processes to increase efficiency and reduce operational risks;

- Be responsible for overall scope management and ongoing prioritization for initiatives in their respective roles

- Work closely with Architecture function and other teams within Risk Technology, Risk Modeling Teams and other teams to help develop detailed Data Contracts to ensure that there is a clear understanding of data requirements/interfaces/flow and associated quality, completeness and other such validation requirements

2. Data governance and Controls

- Ensure operational issues are addressed to minimize business units risk exposure;

- Provide support and consulting support to executives and management in ensuring business unit is compliances with Policies and Procedures

- Participate and lead establishment of Risk Data Governance policy and framework within the ERPM-IT systems governance working group

3. Coordination with Service Providers/Vendor:

- Contribute to the negotiation of contract and service level agreement, ensure business unit requirements are articulated

- Work alongside internal and technology service providers to enable business needs and strategies are met;

- Oversee service delivery to ensure effective and efficient use of resources;

4. People Management:

- Lead by example - Mission, Vision and Value

- Lead in providing cost effective and efficiency services and functions

- Ensure proper coaching, training and tools are provided to employees;

Knowledge/Skill Requirements:

- Undergraduate degree in Business, Accounting or Finance or the equivalent combination of education and experience; Masters Degree a preferred plus; CPA/CA/CMA/CGA securities/banking industry licenses desired;

- Understanding of Capital Markets, Market Risk Counterparty Credit Risk and Enterprise Risk Management

- Knowledge of SDLC and PMLC methodologies

- Working understanding of the operational support systems used to support ERPM and its clients (e.g., Treasury, Capital Markets, etc.);

- Good organizational and time management skills to deal effectively with multiple time demands in very tight timelines;

- Proven ability to manage people and to achieve effective outcomes across organizational boundaries.

- Proven ability to manage change.

Attributes (include but are not limited to the following:)

- Analytic/Systematic Thinker: takes a well-ordered and logical approach to analyzing problems, organizing work and planning action resulting in decisive solutions with an ability to articulate the decision.

- Results Oriented: strives to achieve high levels of performance, with an ability to set priorities and manage conflicting and changing priorities.

- Conceptual Thinker: identifies and sees the relationships among key issues while understanding the big picture and able to clarify complex data and/or situations.

- Team Builder/Player: creates an environment to sustain highly motivated groups working to achieve common objectives in line with the Banks and Risk Managements vision.

- Relationship Builder: develops and maintains strong relationships with internal and external contacts.

- Pro-active, fast learner and progressive imagination and can think outside the box. Must be forward thinking, not necessarily tied to traditional approaches or history, and unafraid of new courses of actions.

- Maturity, knowledge, sound judgment, facilitation and negotiation skills coupled with strong interpersonal and communication abilities, which inspire immediate credibility to build long-standing consultative relationships with the business and in the industry.

The original job offer can be found in Kit Job:

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