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Manager, Valuation Product Control- Foreign Exchange & Commodities Full-time Job

3 months ago Financial Services Toronto   308 views
Job Details

Ensures that valuations for a designated trading/underwriting portfolio are materially accurate and establishes valuation adjustments and capital reserves as appropriate. Works with stakeholders across BMO complete the operational and strategic work for the design and development valuation methodologies and decision support solutions to deliver business results and minimize risk. Provides advice on the configuration, functionality, applicability, and usability of data sources, data management, data analytics, and reporting solutions related to market data used for valuations.

  • Acts as a trusted advisor to assigned business/group.
  • Influences and negotiates to achieve business objectives.
  • Recommends and implements solutions based on analysis of issues and implications for the business.
  • Assists in the development of strategic plans.
  • Identifies emerging issues and trends to inform decision-making.
  • Supports the execution of strategic initiatives in collaboration with internal and external stakeholders including model development.
  • Identifies emerging issues and trends to inform decision-making.
  • Promote best practices for valuation of the designated portfolios.
  • Builds effective relationships with internal/external stakeholders.
  • Ensures alignment between stakeholders.
  • Monitors and assesses the performance of models to ensure the mathematical representation of the market is sound on an on-going basis; performs stress-testing to assess model performance under extreme conditions.
  • Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
  • Breaks down strategic problems, and analyses data and information to provide specific valuation insights e.g. positions, exposures or other valuation issues, and makes recommendations.
  • Develops and implements policies and guidelines for independent checking of valuations, exception handling, capital reserves and adjustments in alignment with Bank standards.
  • Documents and maintains operational procedures and processes relating to methodologies, analytical and reporting processes e.g. market data sources, model inventory, related assumptions and limitations.
  • Reviews use of valuation methodologies and models for consistency across portfolios, products, geographies; recommends changes as required.
  • Executes work to deliver timely, accurate, and efficient service.
  • Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
  • Provides specialized consulting, analytical and technical support.
  • Exercises judgment to identify, diagnose, and solve problems within given rules.
  • Works independently and regularly handles non-routine situations.
  • Broader work or accountabilities may be assigned as needed.



  • Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • Degree in business, finance or quantitative discipline.
  • In-depth understanding of derivative products and markets, as well as the valuation and risk management methodologies associated with these.
  • In-depth understanding of accounting principles, finance processes, and back office processes is an asset.
  • In-depth quantitative analytical skills.
  • Experienced in VBA programming.
  • Deep knowledge and technical proficiency gained through extensive education and business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
  • Data driven decision making - In-depth.
Company Description
At 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.
To find out more visit us at https://bmocareers.com .