Manager, Liquidity and Funding recruitment

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MANDATE:    

Contribute to enterprise-wide management of liquidity and funding risk, including policy and standard development and compliance, internal and external reporting, risk analysis, and strategy recommendations and execution.  Work with Senior Manager, Liquidity and Funding 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 (ERPM), Balance Sheet Management Committee, 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 BSMC, 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)
- Facilitate annual review of Liquidity and Funding Corporate Policy, Corporate Standard, Wholesale Funding Plan and Liquidity and Funding Risk Contingency Plan by engaging LOBs and ERPM.
- 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.
- Keep BSMC, RMC and RRC informed of capital market wholesale funding needs.
3. Risk Management and Control (Governance and Analysis/Results)
- Develop reporting and presentations to meet evolving information requirements and provide backup support to the liquidity and funding compliance monitoring / reporting.
- 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.
- Maintain and run SP survival horizon model and report results to Management and Senior Management.

4. Client Relationship Management (Support)
- Additional support functions for both Liquidity and Funding and Corporate Treasury.
- Annually update the Corporate Treasury Business Continuity Plan and Pandemic Planning Guide.
- Participate in periodic audits by Internal Audit and external parties, including regulatory agencies.

AUTHORITIES:   
To deliver on these accountabilities, the incumbent must have the following authorities:
• Advisory – Has the authority to provide advice and counsel across Corporate Treasury
• Coordinating – Has the authority to coordinate work and/or call people together to discuss/resolve issues
• Recommending - Has the authority to recommend strategies, policies, procedures and standards for Corporate Treasury
• Monitoring - Has the authority to collect or be provided with the required information from others when determining effectiveness of risk management practices, etc.
• Auditing - Has the authority to review work of others to ensure compliance with all Corporate Treasury risk regulatory and governance requirements
• Information Access – Has authority to access and utilize financial information

CROSS-FUNCTIONAL RELATIONSHIPS:
This role requires the incumbent to interact with the following processes and/or groups:
• Coordinating – interact and obtain co-operation and support of Liquidity and Funding team, other areas of Corporate Treasury, LOBs, Investor Relations, ERPM and Finance Shared Services.
• Advising – work with many groups across the Bank on providing information on the implementation of new strategies and how they will be affected. Advising on liquidity and funding risk implications of new strategies.
• Monitoring – ensure strategies are being implemented with the support of LOBs and other Finance areas.
• Execution – interact with Capital Markets and the Financial Strategy group to co-ordinate execution of funding transactions.

SCOPE AND IMPACT:
This role has direct impact on the achievement of key Bank objectives.  Key measures are as follows:
• Annual review and approval of Corporate Treasury risk management strategies, policies and standards.
• Specialized knowledge and expert support provided to LOBs and other Finance areas to achieve Bank objectives.

KNOWLEDGE AND SKILLS:

a) Knowledge:
- Possess a professional accounting designation- CA, CGA, CMA, 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.

BMO Financial Group thanks all applicants. We advise only those who qualify for an interview will be contacted.

Local Candidates only: Please hit APPLY ONLINE button below and Answer the Questionnaire.