Manager, Liquidity and Funding Management
BMO Financial Group - Toronto, ON

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Contribute to enterprise-wide management of liquidity and funding risk, internal and external reporting, risk analysis, and strategy recommendations and execution. Work with Senior Manager, Liquidity and Funding Management to contribute to the safety and soundness of the enterprise through oversight and active management of the enterprise’s liquidity and funding risks in conjunction with the Lines of Business (LOBs), Enterprise Risk and Portfolio Management (ER&PM), Balance Sheet & Capital Management Committee (BSCMC), Risk Management Committee (RMC), and Risk Review Committee (RRC).

KEY DIMENSIONS
1. Business Delivery & Operational Effectiveness (Strategy)
2. Change & Innovation (Advisory)
3. Risk Management and Control (Governance and Analysis/Results)
4. Client & Relationship Management (Support)

KEY ACCOUNTABILITIES
1. Business Delivery & Operational Effectiveness (Strategy)

  • Develop strategy recommendations, in co-operation with LOBs to BSCMC, RMC and RRC that ensure the Enterprise’s safety and soundness while optimizing the return from available risk capacity.
  • Continuously assess liquidity and funding policy limits and guidelines in response to changes in risk appetite and market conditions.
  • Perform research of liquidity and funding risk issues, peer group analyses and review of industry practices.

2. Change & Innovation (Advisory)

  • Work closely with LOBs on business initiatives to identify and proactively manage any potential liquidity and funding exposures/opportunities.
  • Advise management of liquidity and funding impacts of new products and transactions, market developments and regulatory requirements.
  • Develop means of getting data needed for reporting, either through Bank’s financial system or otherwise.
  • Support LOBs on business initiatives to identify and proactively manage any potential liquidity and funding exposures/opportunities.

3. Risk Management and Control (Governance and Analysis/Results)

  • Develop reporting and presentations to meet evolving information requirements
  • Create annual liquidity and funding risk presentation to rating agencies.
  • Fulfill regular and ad hoc rating agency requests and discuss results with them as required.
  • Produce liquidity and funding information package for use by senior executive team at quarterly analyst conference call.
  • Produce the Bank’s liquidity and funding risk management monitoring and reporting information.
  • Produce Enterprise-wide liquidity and funding risk reporting including: analysis and policy compliance reporting to the Bank’s risk oversight committees and quarterly reporting to investors and regulators.
  • Work with LOBs to ensure compliance with liquidity and funding limits and guidelines.
  • Acquire necessary approvals for liquidity and funding limits and guideline excesses.

4. Client & Relationship Management (Support)

  • Participate in periodic audits by Internal Audit and external parties, including regulatory agencies.

a) Knowledge:

  • Possess a professional accounting designation, MBA (Finance) or CFA with 6-8 years of relevant experience.
  • Understand liquidity and funding principles, risk management practices, funds transfer pricing, financial markets instruments, asset pledging and capital and money market operations
  • In-depth knowledge of Bank financial systems and structure, MS Office suite (Excel, PowerPoint, Word, Access)

b) Skills:

  • Able to analyze complex financial products and transactions to determine their implication on liquidity and funding risk.
  • Strong written and oral communication skills with ability to effectively interact with executives and senior managers in LOBs, Investor Relations, regulators and rating agencies.
  • Ability to handle multiple tasks and flexibility to re-prioritize and manage conflicting demands.

At our company, we have been helping our customers and communities for over 195 years. Working with us means being part of a team of talented and passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.

To find out more visit our website at www.bmo.com/careers.

BMO Financial Group is committed to an inclusive and barrier-free workplace. By embracing diversity, we gain strength through our people and our perspectives.


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