Capital stress testing based on comprehensive stress test scenarios that stress the material risks and overall specific vulnerabilities of a firm’s risk profile and operations is a critical foundational element of BMO’s Risk Management Framework to ensure sufficient capital adequacy is maintained during periods of stress. Additionally, due to the increasing complexity of the emerging events/risks facing firms, development and use of “what-if” emerging risk scenarios to inform the assessments and understanding of emerging risks is a valuable evolving practice that BMO is successfully utilizing. These processes are in the early stages of an optimized target state transformation to maximize their efficiency, consistency and overall value. As the Vice President of Stress Testing & Emerging Events Scenario Design, you will have the privilege of leading the enterprise-wide stress test (EWST), US stress test (CCAR) and emerging events scenario design processes. You will be a key member of a highly dedicated team leading the valuable target state transformation and managing the resulting optimized business-as-usual (“BAU”) scenario design target state by delivering structured, disciplined, diligent and thoughtful leadership and support, which includes, but is not limited to, the following:
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