Total 1 job vacancies by Bank of Montreal (U.S.)

Address:

Job Family Group:

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

MD, Algo Model Control Officer

Core Mandate

• Spearhead the overall governance of algo controls requirements and software development lifecycle (SDLC) for Capital Markets electronic trading algorithms
• Creates and apply strategies, working with internal stakeholders, to establish the governance, model risk assessment, monitoring and controls including development and testing frameworks for electronic e-trading algos that aligns with the bank’s risk appetite and regulatory expectations.
• Establish robust and continuous oversight framework including pre & post trade monitoring, assessment, controls, and escalation processes
• Leads Global/Regional governance committees

This role is part of our Algo Model Control Office, focused on the governing model and algo control requirements for CM's Electronic Trading Algorithms.

Responsibilities will include, but are not limited to:

• Managing the Global Model Control Office and Governance for CM's electronic trading algorithms and Front-office automation tools
• Developing strong working relationships and collaborating within the Sales & Trading business and with independent control functions to develop model control governance standards for the firm's electronic trading algorithms and Front-office automation tools
• Leading the implementation of 1st Line of Defense control, procedures, testing/reviews, and governance processes to meet policy standards
• Development and execution of strategic projects, including delegation of key tasks across the team, measuring progress against deliverables, and resolving or escalating issues
• Maintaining regular stakeholder communications and training to ensure continuous awareness of the model control process
• Monitoring compliance of governance requirements through the review of relevant metrics and indicators
• Chairing/participating at various senior oversight committees, both globally and regionally
• Centrally tracking audit and regulatory requirements and contributing to key regulatory initiatives and/or responses, where necessary
• Supporting Senior Management with ad hoc requests/projects

Experience & Skills Required:

• Superb communications skills, verbal and written, and demonstrated ability to build relationships internally within the team, and externally with other groups
• Exceptional leadership skills with the ability to prioritize, execute, resolve and/or escalate effectively in a fast-paced environment
• Analytical thinker with aptitude to creatively solve problems and provide challenge where needed
• Experience in developing concise and effective management reports and regular updates with keen attention to detail and high personal standards for quality of work
• Proven experience with project management, including complex initiatives, across multiple departments, groups, or lines of defense
• Solid understanding of Risk Management principles
• Experience in Model Risk Management and/or Electronic Trading is ideal but not essential
• Excellent desktop application skills: Microsoft PowerPoint, Excel, Word, etc.
• Minimum Education qualification is a bachelor’s degree or equivalent

Please note the target base salary range for this specific position in New York City is $225,000 - $275,000USD.

Compensation and Benefits:

The base salary represents BMO Financial Group’s hiring range for this position. Actual salaries will vary and will be based on various factors, such as location, skills, experience, and qualification for the role. Salaries for part-time roles will be pro-rated based on number of hours regularly worked.

Base salary is one component of BMO Financial Group’s total compensation package for employees, which may include performance-based incentives, commissions or 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: www.bmousbenefits.com.

We’re here to help

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 http://jobs.bmo.com/us/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. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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.