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BMO Financial Group Manager, Risk Analytics and Model Development (Chicago, Illinois) in Chicago, Illinois


111 W Monroe - 115 S LaSalle

Job Family Group:

Data Analytics & Reporting

Duties: Oversees specialized credit risk analysis, risk rating systems, and the introduction of new methodologies and statistical techniques to support credit risk management activities. Focuses on building effective credit risk models and capabilities, directly impacting the amount of capital demand for the enterprise, any regulatory fines, and the potential limitation of business strategy. Provides advanced analytical expertise to support the development, validation, monitoring, reporting, and documentation of stress testing, IFRS-9 models, CECL models, and credit risk strategies. Mentors and teaches new techniques to all analysts within the group. Works on enhancements that help the SAS infrastructures operate more efficiently and effectively, translating business needs into business and data requirements and SAS capabilities. Delivers high business impact and supports the required improvements and capabilities for the total Bank credit portfolio at the enterprise level that impacts the Bank’s capital demand and regulatory compliance. Coordinates activities across a multitude of stakeholders both within and across Operating Groups, Risk, Finance, Economics Technology and Operations (“T&O”), and vendors. Develops, monitors, implements, and reports credit portfolios, including probability of default, loss given default, exposure at default, and expected credit loss. Oversees specialized analysis and develops creative statistical solutions to support Basel Accord deliverables, Stress Testing models, IFRS-9 models, and CECL models. Creates and recommends alternatives and enhancements for the credit risk stress testing infrastructure, IFRS9, and CECL projects specifically that improve the efficiency and effectiveness of the SAS tool. Provides analytical expertise on larger scale projects with the biggest strategic implications.

Requirements: Master’s degree or foreign equivalent in Mathematics, Statistics, Computer Science, Engineering, Economics, Operations Research, or Business and two (2) years of experience developing statistical models in a financial services environment. Must also possess the following (quantitative experience requirements not applicable to this section): two (2) years of experience processing Big Data with SQL, R, Python, SAS, Basel Capital Accord, CECL, IFRS-9, and Stress testing; two (2) years of experience analyzing quantitative and theoretical information to resolve technical issues; two (2) years of experience programming and developing statistical models; and, two (2) years of experience providing strategic advice and guidance to lines of business (“LOBs”) and executives for high level decisions.

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At BMO Harris Bank 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 Harris Bank 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.

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BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

BMO Financial Group Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.