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111 W Monroe - 115 S LaSalle
Job Family Group:
Finance & Accounting
The Manager, US Liquidity and Funding focusing on Quantitative Strategy and Research is responsible for day-to-day management of key analytics and reporting activities within the Capital, Funding & Liquidity (“CFL”) team within US Corporate Treasury. The manager must coordinate amongst both internal and cross-functional teams to pull, analyze, and socialize a variety of data, assumptions, and outputs of liquidity metrics. The Manager will lead the development of new assumptions, tools, and process to improve the efficiency, quality, and granularity of reporting to meet internal and regulatory requirements. The Manager must develop strong relationships across lines of business to facilitate greater understanding of their impacts to liquidity metrics, stress testing, and overall financial health of the US operations.
Assist in the identification of potential sources of stress (e.g. product features, counterparty behaviors and concentrations, contractual risks, etc.)
Assist in the development of liquidity stress assumptions
Transfer Pricing Initiatives, including both actual and forecasted charges for:
◦ Liquidity Transfer Pricing (“LTP”)
◦ Funds Transfer Pricing (“FTP”)
Maintain documentation related to data lineage and usage in the transfer pricing initiatives
◦ Work with Technology & Operations and line of business (“LOB”), etc. to ensure charges accurately reflect risk positions through GL/account reconciliation, etc.
◦ Develop appropriate checks and balances to mitigate risks related to LTP calculations
Ensure timely and accurate production and analysis of monthly LTP charges and corresponding information required for finance and lines of business
◦ Analyze monthly changes in LTP charges to help LOB manage and mitigate risks
Develop dashboards for liquidity risk position tracking (i.e. Spotfire of Qlikview reports)
◦ Identify key drivers of liquidity risk metric volatility
◦ Implement procedures to track and report key changes over time
Support projects throughout the organization acting as a subject matter expert on liquidity to assist where needed
◦ Assist in the monitoring and measurement of LOB liquidity risk positions
◦ Assist in ensuring the capture of all material liquidity risks within departments
◦ Provide data to risk, auditors, and regulators in response to inquiries into company's calculation of LTP
◦ Support of senior management and ALCO committee - provide reporting and supporting analysis of liquidity data and metrics topics as needed
4+ years of experience in a Financial Analyst/Manager role, preferably in Finance or Treasury OR 2+ years of experience in a Financial Analyst role and a Graduate Degree in Finance (e.g. MBA or Master of Finance)
Deep understanding of the function as outlined, and of related industry best practices
Expert knowledge of bank funding management, including rules and regulations
Expert knowledge of financial analysis and modeling
Able to apply designation/education and financial experience in a financial services organization
Strong Proficiency in SQL
SAS or Python preferred
Ability to work independently
Excellent communication skills, both verbal and written
Ability to multi-tasks and meet timelines without compromising the integrity of the information
Ability to influence others to accomplish assigned tasks
Comfort and experience dealing with internal auditors, regulators, external parties, etc.
Creative and conceptual thinker.
We’re here to help
At BMO Harris Bank 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 Harris Bank 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 Company website.
BMO Harris Bank 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 Harris Bank N.A. 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.
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