Financial Modeling Specialist
BMO Financial Group 138 reviews - Chicago, IL

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Financial Modeling Specialist - 1300005266


Financial Modeling Specialist assist the Finance and Treasury Leadership Teams, with developing, enhancing, implementating and maintaining enterprise-wide quantitative risk and financial forecast modeling used in the CCAR, asset & liability management, and stress testing process. This involves helping develop leading m odel methodologies and applying those methodologies to build robust forward looking models that link macro-economicvariables and other business drivers to project business activity. The individual will also provide input to the framework for model development, including financial forecasting principles and standards, ensuring understanding, acceptance and mitigation of risks from the use of models, and the corresponding roles and responsibilities inherited from such use. The details are summarized as follows:
Develops and maintains various quantitative CCAR, asset and liability management assumption, and stress test models. The model building includes, but is not limited to the acquisition of financial data (internal and/or external), design and implementation of multiple models that are linked to macroeconomic scenarios as provided by the Federal Reserve or internally developed by the bank, or that quantify the behavior of products in varying economic conditions over time.
Works with the Sr. Manager to recommend modeling approaches for deposit volume and mix under various economic scenarios.
Works with the Sr. Manager to recommend potential model methodologies and develop models for forecasting asset balances (including loans and deposits), loan spreads, funding costs, noninterest income and noninterest expense based on macroeconomic scenarios.
Document and communicate model results and methodologies to external and internal stakeholders, in clear and concise fashion, both verbally and in written form.
Knowledge of financial theory; risk related models (credit, market, operational and liquidity etc.), capital (EC, RC) and stress testing models, pricing and valuation models etc.
Strong knowledge of financial services products (commercial loans, CRE, construction loans and residential mortgages, etc.) and processes preferred
Knowledge of CCAR and stress testing requirements as well as regulations related to capital planning and risk management
5+ years experience in complex model development in risk management, capital and/or asset liability management.
Knowledge of quantitative data mining and statistical analysis techniques with minimum of five years of working experience; experience pertaining to stress testing, and AMA modeling would be an asset
Knowledge of credit portfolio management and measurement techniques (methodologies of economic capital, capital allocation, RORAC, general allowance model, risk aggregation and diversification etc.) and tools such as CreditMetrics, KMV Credit Monitor, KMV Portfolio Manager, KMV Risk Frontier etc.
Detail-oriented, analytical, well organized, highly self-motivated and good interpersonal skills

Effective time management in order to efficiently deliver concurrent projects with competing priorities
Good ability of conflict-solving; and ability to work collaboratively with model owner/sponsor counterparts
Effective presentation and communication skills; Ability to convey complex concepts and outcomes to non-subject matter experts.
Strong computing development skills, particularly statistical and database modeling tools (SAS, SQL, R, MATLAB, Access/VBA etc.), ability to adapt to various programming languages and environments.

Experience with time series and ARIMA modeling is preferred

Education and Accreditations:
Master’s degree in a quantitative field (Statistics, Mathematics, Engineering, Economics, Mathematical Finance) and/ or combination of quantitative and business degrees preferred
At BMO Harris Bank, we have been helping our customers and communities for over 130 years. Working with us means being part of a team of talented, passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.
To find out more visit our website at .
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. We are an Equal Opportunity Employer. By embracing diversity, we gain strength through our people and our perspectives.
Finance and Accounting
Primary Location United States-Illinois-Chicago

Organisation Finance-X000074
Schedule Full-time

About this company
138 reviews
Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of...