Senior Manager, Net Interest Income and Margin

Address:

This role has a dual mandate to: 1) build and run a monthly analysis of net interest margin to support our understanding of changes in margin; 2) build balance forecast models in QRM to support the execution of stress testing and forecasting.

For 1) build and run a monthly analysis of net interest margin to support our understanding of changes in margin:

• Develops a total bank margin Excel-based model pulling in actuals information from internal reporting, methodologies, strategies, and source systems.
• This model is to explain period-over-period changes in deposit, loan, and corporate residual results using drivers such as strategic changes in pricing, disconnects in funds transfer pricing and actual pricing / hedging, market rates, positioning, strategic initiatives, and mix.
• Driver analysis expected to change over time and require consistent communication with businesses and Treasury partners.
• The result of this analysis is to inform our understanding of changes in margin including whether changes in funds transfer pricing or hedging are required, quarterly disclosure preparation, and forecasting.

For 2) build balance forecast models in QRM to support the execution of stress testing and forecasting.

• Work with Quantitative Analytics Team to understand their ending balance projection regression models and build these models into the QRM forecast framework.
• Work with the product specialist teams in Treasury / Quantitative Analytics Team to understand prepayment models and ensure these models are linked properly to the forecast and functioning correctly.
• Develop sources for exception products and load these into the QRM forecast strategy for stress testing and forecasting.
• Analyze balance sheet results and present summary findings linked to the scenario inputs.

For both mandates:

• Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.
• Develops tools and delivers training programs for use of reporting tools and self-serve analytics by non-analytical end users; may include delivery of training to audiences.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

Advanced level of proficiency:

• Experience with management reporting of revenue and the balance sheet at a large financial institution.
• Expert knowledge in regression models
• Expert knowledge in retail and commercial banking products
• Current experience with QRM considered an asset, but not required
• Verbal & written communication skills.
• Analytical and problem solving skills.
• Collaboration & team skills; with a focus on cross-group collaboration.
• Able to manage ambiguity.
• Data driven decision making.
• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Seasoned professional with a combination of education, experience and industry knowledge.

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, 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: https://jobs.bmo.com/global/en/Total-Rewards

About Us

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 https://jobs.bmo.com/ca/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. 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.