Senior Manager, Counterparty Credit Risk Analytics

Application Deadline:11/29/2026Address:250 Yonge StreetJob Family Group:Data Analytics & ReportingRole SummaryThe Senior Manager, CCR Analytics leads a team in the design, implementation, and oversight of counterparty credit risk measurement and analytics. The role focuses on delivering robust exposure methodologies (PFE, Settlement, stress), ensuring model usage integrity, and providing actionable insights to trading desks, risk oversight, and senior management.This role combines advanced quantitative expertise with leadership responsibilities, ensuring that CCR analytics frameworks are accurate, scalable, and aligned with regulatory expectations.Key Responsibilities1. CCR Analytics & Exposure MeasurementLead the calculation, validation, and analysis of CCR metrics including:Potential Future Exposure (PFE)SettlementMark to Market (MTM)Stress and scenario-based exposuresOversee treatment of complex/non-standard trades and ensure appropriate modeling of exposuresIdentify weaknesses in pricing models and exposure methodologies; propose and implement improvements2. Methodology & Model Usage GovernanceEnsure appropriate application of CCR models and methodologies across portfoliosPartner with model development and validation teams on:Model enhancementsPerformance monitoringRegulatory model reviewsProvide subject matter expertise on CCR methodologies (netting, collateral, margining, wrong-way risk)3. Risk Insights & Business SupportProvide analytics and insights to trading desks and portfolio managers on counterparty exposures, concentrations, and sensitivitiesAnalyze drivers of exposure changes (market moves, trades, collateral) and communicate implications clearlySupport business decisions including:Limit setting and utilization analysisOptimize trading PnL within risk appetiteSupport new initiatives such as new product or feature by analyzing impact to CCR and providing insight into mitigating them4. Regulatory & Stress Testing DeliverablesLead CCR analytics inputs into:Regulatory reportingStress testing frameworks and scenario designDeliver high-quality analytics supporting regulatory exams and internal governance reviews5. Data, Controls & Analytics QualityEnsure integrity and reconciliation of exposure data across systemsImplement controls around:Input data qualityModel outputs and reconciliationsException handling and escalationData Timeliness and system performanceWork closely with infrastructure teams to enhance data pipelines and analytics performance6. Automation & Advanced AnalyticsDrive automation of CCR analytics processes (data ingestion, calculations, reporting)Leverage Python/SQL or similar tools to:Build analytical toolsPerform deep-dive analysis and scenario simulationsPromote efficient, scalable analytics processes to support growing portfolios7. Stakeholder ManagementLiaise with:Trading desks (rates, FX, credit, commodities)Market Risk Oversight and Credit Risk teamsModel development/validation and technology teamsEnsure clear understanding of CCR exposures and methodologies across stakeholders8. Team LeadershipLead and mentor a team of CCR analysts/quantitative specialistsProvide technical guidance on exposure methodologies and analyticsManage delivery timelines for BAU and regulatory commitmentsQualifications & SkillsEducationMSc or equivalent in Quantitative Finance, Mathematics, Statistics, Engineering, or related fieldNice to have: CFA or FRMExperience7–10 years in CCR analytics, market risk, or quantitative risk rolesStrong experience with exposure metrics (PFE, CVA, EE) and financial products (Derivatives and Security Financing Transactions)Experience supporting regulatory deliverables and/or stress testingTechnical SkillsDeep knowledge of:Derivative pricing and exposure modelingNetting, collateral, CSA mechanicsCCR regulatory frameworks (Basel / OSFI / Fed)Programming skills (Python/SQL preferred) for analytics and automationFamiliarity with risk engines (e.g., Adaptiv or similar platforms)Familiarity with managing daily operations for risk or trading systemsSoft SkillsStrong analytical and critical thinking skillsAbility to translate complex analytics into business insightsEffective communication across technical and non-technical stakeholdersProven leadership and team management capabilityRole ImpactDrives accuracy and robustness of CCR exposure measurementInfluences:Risk appetite and limit decisionsPricing and trading strategies (via exposure and CVA insights)Regulatory capital and stress testing outcomesActs as a key bridge between quantitative modeling, risk oversight, and business decision-makingSalary:$80,000.00 - $175,000.00Pay 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 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.SummaryLocation: Toronto, ON, CANType: Full time