Economist
- Toronto, ON, Canada
The salary range for this role is $90,000 up to $100,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements). · Full-time
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Job details
- Pay
- The salary range for this role is $90,000 up to $100,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements).
- Job type
- Full-time
- Apply by
- Posting language
- English
- Posted
Original job description
BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets
Description
Ideal candidate combines superior analytical, technological, and communication skills.
The salary range for this role is $90,000 up to $100,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements).
Salary:
Pay Type:
Salaried
The above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
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.
As a member of the BMO 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 https://jobs.bmo.com/ca/en
BMO 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. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
Description
- Develops and maintains macroeconomic scenarios for internal and regulatory stress testing (primary responsibility).
- Interacts with stakeholder groups, management, and regulators regarding stress scenarios.
- Researches and prepares reports on macroeconomic and financial services industry issues.
- Researches and prepares reports on industries to which the bank has significant credit exposure.
- Participates in special projects undertaken by the Economics Department.
- Prepares theme-based articles for the Economics Department’s publications.
- Represents the bank on economic issues to media and in formal presentations to clients.
Ideal candidate combines superior analytical, technological, and communication skills.
- Solid foundation in macroeconomic and financial analysis.
- Strong computer programming skills, ideally though not necessarily in R language.
- Experience managing, transforming, and analyzing large data sets using code.
- Good understanding of command line and source control tools.
- Highly proficient with spreadsheet software, including advanced formulas.
- Advanced skills in statistical analysis and econometrics.
- Superior verbal and written communication skills in English.
- Verbal fluency in French would be an asset.
- Ambitious, career-driven, dynamic and effective multi-tasker.
- Well-developed interpersonal skills; able to work effectively with and influence multiple stakeholders.
- M.A. in Economics or equivalent with a quantitative focus.
- Computer science course work would be a significant asset.
- CFA designation (or working toward) would be an asset.
The salary range for this role is $90,000 up to $100,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements).
Salary:
Pay Type:
Salaried
The above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
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.
As a member of the BMO 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 https://jobs.bmo.com/ca/en
BMO 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. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
More about this job
Responsibilities
Develop and maintain macroeconomic scenarios for internal and regulatory stress testing, and engage with stakeholders, management, and regulators about those scenarios. Research and report on macroeconomic, financial services, and credit-exposure industries; contribute to department projects and publications; and represent the bank on economic issues in media and client presentations.
Requirements
A master’s degree in Economics or an equivalent quantitatively focused qualification is required, along with a strong foundation in macroeconomic and financial analysis and advanced statistical and econometric skills. The ideal candidate has strong programming and large-dataset experience, is proficient with spreadsheets and source-control and command-line tools, and has excellent English communication and interpersonal skills; French fluency, computer science coursework, and a CFA designation are assets.
Skills
- Macroeconomic Analysis
- Financial Analysis
- Stress Testing
- Economic Scenario Development
- R Programming
- Data Management
- Data Transformation
- Large-Scale Data Analysis
- Command-Line Tools
- Source Control
- Spreadsheet Software
- Statistical Analysis
- Econometrics
- Written Communication
- Verbal Communication
- Stakeholder Management
Benefits
- Health Insurance
- Tuition Reimbursement
- Accident Insurance
- Life Insurance
- Retirement Savings Plans
- Performance-Based Incentives
- Discretionary Bonuses
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Data & Analytics
- Science & Research
Keywords
- Macroeconomic Scenarios
- Regulatory Stress Testing
- Macroeconomic Analysis
- Financial Analysis
- Financial Services
- Credit Exposure
- Economic Research
- R Programming
- Computer Programming
- Large Datasets
- Data Management
- Data Transformation
- Command-Line Tools
- Source Control
- Spreadsheet Software
- Statistical Analysis
- Econometrics
- Industry Research
- Stakeholder Engagement
- Client Presentations
- Media Relations
- Master’s Degree in Economics
- Quantitative Analysis
- Computer Science
- CFA