Internship

Market Risk Analyst – Co-op/Internship

Confirmed live in the last 24 hours

Bank of Montreal

Bank of Montreal

10,001+ employees

Diversified financial services provider in North America

Fintech
Financial Services

Compensation Overview

$21.39 - $39.66Hourly

+ Commission + Performance-based incentives + Discretionary bonuses

Toronto, ON, Canada

This is a hybrid role.

Category
Risk Management
Finance & Banking
Required Skills
Risk Management
Data Analysis
Requirements
  • Typically between 3 – 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • Knowledge of risk management metrics, KPIs and KRIs.
  • Knowledge of industry trends and regulatory requirements for risk reporting.
  • Product knowledge for the designated business/portfolio.
  • Knowledge of risk management theory, processes and portfolio management reporting techniques.
  • Knowledge of reporting & analytics concepts and applications.
  • Knowledge of risk systems technology.
  • Specialized knowledge from education and/or business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
Responsibilities
  • Designs, develops, and implements reporting solutions to meet management and regulatory reporting requirements.
  • Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions.
  • Executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes.
  • Supports the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders.
  • Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio e.g. capital at risk modeling, risk/return assessments, etc.
  • Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.
  • Works with various data owners to discover and select available data sources from internal sources and external vendors (e.g. lending system, payment system, external credit rating system) to fulfill analytical needs.
  • Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.
  • Analyzes data and highlights significant information including variances, trends, opportunities and exposures; escalates as required.
  • Provides information and supports the process for internal and external audits.
  • Gathers and formats data into regular and ad-hoc reports, and dashboards.
  • Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Builds effective relationships with internal/external stakeholders.
  • Supports the maintenance of operational procedures and processes related to analytical and reporting processes.
  • Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting.
  • Participates in the design, implementation and management of core business processes to ensure the accuracy of risk data used in reporting.
  • Organizes work information to ensure accuracy and completeness.
  • Focus may be on a business/group.
  • Thinks creatively and proposes new solutions.
  • Exercises judgment to identify, diagnose, and solve problems within given rules.
  • Works mostly independently.
  • Broader work or accountabilities may be assigned as needed.

BMO Financial Group provides a variety of banking services to individuals, businesses, and commercial clients primarily in Canada and the United States. Their offerings include personal banking products like savings accounts, mortgages, and personal loans, as well as specialized services for businesses such as commercial loans and treasury management. BMO also operates in capital markets, providing investment banking, trading, and research services. What sets BMO apart from its competitors is its focus on tailored financial solutions that cater to the specific needs of different industries, including agriculture, technology, and real estate. The company's goal is to deliver comprehensive financial services that support the diverse needs of its clients while generating revenue through interest income, service fees, and wealth management.

Company Stage

IPO

Total Funding

N/A

Headquarters

Toronto, Canada

Founded

1988

Simplify Jobs

Simplify's Take

What believers are saying

  • BMO benefits from increased demand for digital banking services.
  • The rise of sustainable finance creates opportunities for BMO's green financial products.
  • Fintech partnerships enable BMO to innovate and expand service offerings.

What critics are saying

  • Increased competition from fintech companies like Wealthsimple and Koho.
  • Rising interest rates could lead to higher default rates on loans.
  • The shift towards digital banking increases the risk of cyber threats.

What makes Bank of Montreal unique

  • BMO offers tailored financial services across diverse industries and client needs.
  • Strong presence in North America with operations in Canada and the United States.
  • BMO's wealth management division provides comprehensive investment advisory and asset management services.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Tuition Reimbursement

Accident and Life Insurance

401(k) Retirement Plan

Professional Development Budget

Hybrid Work Options