Audit Manager, Quantitative

Application Deadline:

Address:

Job Family Group:

If you are a quantitative finance professional looking to accelerate your career, the Audit Manager, Quantitative opportunity at BMO offers a uniquely powerful platform for growth. Unlike many quant roles that focus on a single business line or model type, this position provides rare exposure to virtually every class of quantitative model across the bank, giving you a comprehensive view of how risk, analytics, and decision-making connect across the enterprise. Working at the intersection of quantitative finance, model risk, and internal audit, you'll assess complex models, challenge assumptions, and deliver insights that help strengthen BMO's risk framework while building expertise that few professionals in banking have the opportunity to develop.

What makes this role especially attractive is the breadth of visibility and connection it offers. You will partner with stakeholders across the 1st and 2nd Lines of Defence, engage with senior leaders, and gain a unique perspective on how information, risk, and strategy flow throughout the organization. The team intentionally promotes exposure to different model areas, helping you expand your technical knowledge, build a broad network, and position yourself for future career opportunities across BMO. Whether your passion lies in credit risk or you want to explore a variety of quantitative disciplines, the team's size and flexibility allow high performers to influence their development path and the work they take on.

Beyond the technical challenge, Audit is widely viewed as a career accelerator because it provides unmatched leadership connectivity and enterprise-wide exposure. Combined with a highly collaborative culture, strong relationship-building opportunities, and some of the highest engagement scores across the bank, this role offers the chance to learn continuously, make a meaningful impact, and build a foundation for long-term success. For curious, analytical professionals with a Master's or PhD in a quantitative field and a passion for solving complex problems, this is an opportunity to gain a panoramic view of banking while helping shape the future of risk management at BMO.

BMO’s Corporate Audit Department helps protect against the risk of loss and reputational damage, and provides vital assurance to the Board of Directors and senior management as to the quality and effectiveness of the internal control system. The Quantitative Audit Manager will work with a Director or Senior Audit Manager on executing elements of audits across different teams, with a focus on modelling, quantitative analysis, and audit execution activities.

• Every day will be different!An ideal role for someone who loves quantitative modelling, you will be asked to take on a number of activities that will include supporting team members through:

• Understanding models used by various businesses;
• Presenting these models and any potential weaknesses/findings to other team and bank members, thus assisting senior managers in determining the Bank’s risk strategy;
• Ensuring all model documentation is compliant with Corporate policies, standards and guidelines;
• Working with the team to evaluate the strength of the business risk framework.

Our expectation is that you’ll come to the job every day with a can-do attitude and a commitment to:

• Continually demonstrating a desire to learn new tools and business processes;
• Demonstrating your ability to investigate and solve problems creatively and innovatively;
• Collaborating effectively with fellow team members and project stakeholders;
• Proactively managing individual tasks and work assignments.

.

Qualifications:

• Masters degree or PhD in Quantitative Finance or related areas;
• At least 2 years experience with quantitative analysis, research and/or statistical modelling;
• Demonstrated analytical ability and aptitude for logical and critical thinking;
• Excellent written and communication skills;
• Strong attention to detail;
• Excellent computer and Excel skills; advanced knowledge of programming languages is useful for some roles.

Salary:

Pay Type:

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.