Senior Specialist-IC Market Risk Oversight & Governance I

Application Deadline:11/25/2026Address:320 S Canal StreetJob Family Group:Audit, Risk & ComplianceBank of Montreal seeks a Senior Specialist-IC Market Risk Oversight & Governance I to provide market risk oversight, monitoring, and reporting for a designated portfolio. Develop and monitor the market risk management framework that includes governance and practices used across BMO to manage market risk. Provide policies and standards, methodologies, and controls to increase transparency, accuracy and consistency across groups. Work with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio to ensure compliance and effective monitoring, timely reporting and identification of action plans. Make recommendations to senior leaders on strategy and new initiatives, based on in-depth understanding of the business/group. Act as subject matter expert on relevant regulations and policies, and interpret new regulations and assess impacts to the governance framework. Develop reports on the status of governance programs or framework components to various internal and external stakeholder audiences. Recommend business priorities, advise on resource requirements, and develop roadmap for strategic execution. Design and produce regular and ad-hoc reports and dashboards. Develop and manage comprehensive information management systems, and design and/or lead initiatives to improve processes, analysis and reporting. Participate in the development of communication strategy focusing on positively influencing or changing behavior. Coordinate change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustaining initiatives. Coordinate the execution of operational programs and assess/adapt as needed to ensure quality of execution. Participate in the management of governance meetings and maintenance of government body mandates, oversight and approval guidelines. Monitor the financial market environment and market risk model performance impacts for optimal execution of risk strategies.Requirements: Master's degree in Business, Analytics, Data Science or related field (willing to accept foreign education equivalent) plus five (5) years of experience as a Senior Specialist or related occupation overseeing portfolio market risk, developing risk framework, ensuring compliance, and providing strategic reports and recommendations OR Bachelor’s degree in Business, Analytics, Data Science or related field (willing to accept foreign education equivalent) plus seven (7) years of experience as a Senior Specialist or related occupation overseeing portfolio market risk, developing risk framework, ensuring compliance, and providing strategic reports and recommendations. Experience must include (quantitative experience requirements not applicable to this section): Preparing and presenting US Entity risk reports to risk and board committees; Performing risk reporting utilizing financial modeling applications and database queries; Developing and improving stress tests for interest rate and credit products by applying stress methodologies in conjunction with data applications including Bloomberg; Conducting market risk oversight review of new products including reviewing financial modeling application results and developing appropriate limit frameworks that integrate with market risk limit frameworks; and Utilizing statistical and predictive analysis on varied measures including Fundamental Review of the Trading Book (FRTB) and stale inventory to provide input into business actions.The salary range for this specific position in Chicago, IL is $138,632-247,000 per year.Salary:$120,000.00 - $250,000.00Pay Type: SalariedThe 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: About UsAt 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 BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to View email address on click.appcast.io and let us know the nature of your request and your contact information.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.SummaryLocation: Chicago, IL, USAType: Full time