Ben Yang, CFA
Waterloo
Summary
Dynamic market risk leader with a robust technical toolset and effective relationship management skills, driving strategic initiatives at BMO Financial Group. Achieved enhanced operational efficiency through a Product Centric Model and improved regulatory compliance with innovative frameworks. A proven people leader who champions for homegrown talents.
Overview
10
10
years of professional experience
Work History
Director, Market Risk
BMO Financial Group
08.2022 - Current
- Lead a cross-functional team of seven analysts to enhance Market Risk and Counterparty Credit Risk metric generation, particularly in the input data space.
- Established Product Centric Model framework for Market Risk Data Management that improved resource allocation and operational efficiency.
- Implemented strategic risk management frameworks such as Debt Specific Risk, Fundamental Review of the Trading Book and CCR Stress Testing to fulfill regulatory requirement and enhance decision-making processes.
- Increased the employee engagement score (AWCC) by launching the Market Risk Social Committee after COVID.
Manager, Market Risk
BMO Financial Group
01.2019 - 08.2022
- Designed and rolled out the input and output data accuracy and completeness framework for the Market Risk Next Gen (MRNG) Historical VaR Simulation model, fulfilling the BCBS239 regulatory requirement.
- Worked with different stakeholders to establish the MRNG Control Catalogue and its attestation process which addressed concerns from both regulators and auditors.
- Helped reduce the Capital Market new product onboarding time by enhancing the data provisioning process of the testing cycles.
Senior Analyst, Market Risk
BMO Financial Group
03.2016 - 01.2019
- Diligently monitored and created risk exposure reports on BMO's Canadian and American treasury operations. The reports were used in various executive committees, including RMC, ALCO and etc.
- Worked with different stakeholders in Market Risk to help design and implement the stress scenarios for the Bank's Interest Rate in the Banking Book project as part of the Basel guideline.
- Built the Risk Data Aggregation and Risk Reporting dashboard for the Treasury Risk team in MR. Worked with both Corporate Treasury and Technology to source the metrics needed for the project.
Education
Chartered Financial Analyst -
CFA Institute
Charlottesville, Virginia06-2019
Master of Science - Finance
State University of New York
Buffalo, NY12-2015
Bachelor of Mathematics - Actuarial Science
University of Waterloo
Waterloo, Ontario06-2013
Skills
- Effective relationship management
- Collaborative strategic planning
- Robust technical toolset
- Analytical decision-making
Languages
English
Native or Bilingual
Chinese (Mandarin)
Native or Bilingual
Timeline
Director, Market Risk
BMO Financial Group
08.2022 - Current
Manager, Market Risk
BMO Financial Group
01.2019 - 08.2022
Senior Analyst, Market Risk
BMO Financial Group
03.2016 - 01.2019
Chartered Financial Analyst -
CFA Institute
Master of Science - Finance
State University of New York
Bachelor of Mathematics - Actuarial Science
University of Waterloo