BMO Financial Group Data Scientist in Toronto, Ontario
100 King Street West
Job Family Group:
Data Analytics & Reporting
Data Scientist works with business partners around the enterprise to design, develop, and implement analytics/machine learning solutions that drive measurable business outcomes and create a distinctive customer experience. In this role, you will engage business partners to dissect business problems, conduct research and analysis, generate ideas, structure data and building end-to-end statistical and machine-learning solutions.
This is an exciting opportunity that is on the forefront of a critical enterprise capability and priority for the bank. As a change agent, you will be providing thought leadership to the enterprise on the value of data, analytics and machine learning and get to work with lines of business across the bank to help them achieve their objectives.
This role would be attractive for data scientists who have experience with big data analytics on large volumes and wide varieties of structured and unstructured data, and are looking to gain a wide exposure to problems in the financial industry.
Applies knowledge of advanced analytic algorithms and technologies (e.g. machine learning, deep learning, artificial intelligence) to deliver better predictions and/or intelligent automation that enables smarter business decisions, improved customer experience, and drives productivity. Applies strong communication and story-telling skills to summarize statistical/algorithmic findings, draw business conclusions, and present actionable insight in a way that resonates with business/groups. Drives innovation through the development of Data & AI products that can be leveraged across the organization and establishes best practices in in alignment with Data & AI governance frameworks of BMO.
Acts as a trusted advisor to assigned business/group.
Influences and negotiates to achieve business objectives.
Recommends and implements solutions based on analysis of issues and implications for the business.
Assists in the development of strategic plans.
Identifies emerging issues and trends to inform decision-making.
Understands and analyzes complex business problem, then formulates data-driven hypotheses to drive business value.
Builds effective relationships with internal/external stakeholders and ensures alignment.
Supports data collection, integration, and retention requirements for data.
Develops experimental design approaches to validate findings or test hypotheses.
Defines innovative data solutions to loosely defined business problems by leveraging pattern detection over potentially large data sets.
Diagnoses and resolves predictive / analytical model performance issues while monitoring system performance and implementation of efficiency improvements.
Applies innovative and best practices to advanced analytics services to ensure high quality standards.
Sets up change control and testing processes to ensure the quality and consistency of ongoing maintenance work.
Develops analytical solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
Provides advice and guidance to assigned business/group on implementation of analytical solutions.
Works with stakeholders to identify the business requirements, understand distinct problems and expected outcomes, and models and frames business scenarios which impact critical business processes and/or decisions.
Works with various data owners to discover and select available data from internal sources and external vendors (e.g. lending system, payment system, external credit rating system, and alternative data) to fulfill analytical needs.
Applies scripting / programming skills to assemble various types of source data (unstructured, semi-structured, and structured) into well-prepared data sets with multiple levels of granularities (e.g., demographics, customers, products, transactions).
Develops agreed analytical solution by applying suitable statistical & machine learning techniques (e.g., A/B testing, prototype solutions, mathematical models, algorithms, machine learning, deep learning, artificial intelligence) to test, verify, refine hypotheses.
Summarizes statistical findings and draws conclusions, presents actionable business recommendations. Presents findings & recommendations in a simple, clear way to drive action.
Documents data flow, systems and processes in data collection to improve efficiency and apply use cases.
Performs experimental design approaches to validate finding or test hypotheses.
Uses the appropriate algorithms to discover patterns.
Builds effective relationships with internal/external stakeholders and ensures alignment.
Supports development of tools and delivers training for data analytics and AI.
Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Leads/participates in the design, implementation and management of core business/group processes.
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and regularly handles non-routine situations.
Broader work or accountabilities may be assigned as needed.
Knowledge and Skills:
Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Advanced degree (Ph.D. preferred) in Computer Science, Mathematics, Physics, Engineering, Statistics, or other quantitative disciplines and/or equivalent experience
Experience with distributed computing language (e.g. Hive / Hadoop/ Spark) & cloud technologies (e.g. AWS Sagemaker, AzureML).
Experience with programming languages (e.g. SQL, Python, R, SAS, SPSS, , Perl) and machine learning /deep learning algorithms/packages (e.g. XGBoost, H2O, SparkML, supervised learning, clustering, natural language processing (NLP), recommender engines, time series analysis, A/B testing, network/link analysis, sentiment analysis and data visualization.
Deep proficiency in statistical analysis, quantitative analytics, forecasting/predictive analytics, multivariate testing, and optimization algorithms.
Deep knowledge and technical proficiency gained through extensive education and business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.
We’re here to helpAt 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.To find out more visit us at https://bmoharriscareers.com .
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.
We’re here to help
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.
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.