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BMO Financial Group Senior Manager, Business Banking Credit Strategies & Risk Analytics in Toronto, Ontario

Address:

55 Bloor Street West

Job Family Group:

Audit, Risk & Compliance

Do you have a knack for business and have been known for your entrepreneurial spirit in your line of work? Bank of Montreal is building automated credit strategies for the Business Banking Segment in Canada and the US and needs someone with a strong understanding of portfolio management, risk management, in addition to modelling and analytics concepts. If you have proven experience owning and being accountable for building of credit strategies – this role might be for you! We look forward to reviewing your application.

Senior Manager, Business Banking Credit Strategies & Risk Analytics

MANDATE`

The Senior Manager, Business Banking Credit Strategies & Risk Analytics supports the Business Banking teams by driving quality, fact-based decisions to achieve business objectives and optimize returns from the risks it takes. She/He uses analytical solutions and a deep understanding of the business to help set risk appetite, design sophisticated decision support tools, inform business initiatives, monitor business performance and identify issues and opportunities.

The role has four primary areas of accountability which are described in more detail below. Across all of these areas, he/she acts as a trusted advisor to the business, providing specialized consulting, analytical and technical support. This includes managing key stakeholder relationships and working with them to identify business objectives and requirements, conducting effective analysis to support decisions, presenting findings and recommendations in a simple, clear way to drive action and ensuring alignment across stakeholders. While this role focuses on Business Banking across North America, it may also work on broader enterprise-wide initiatives.

Develop risk strategies and decision support tools

  • Deeply understand Business Banking’s priorities, credit risk policies, risk appetite and risk/return dynamics, including the drivers of risk and profitability. Act as a subject matter expert in these areas.

  • Develop and maintain risk strategies and decision support tools using analytics, predictive modelling and business rules to optimize decisions and productivity. Includes Automated Lending Decisions for new loan requests and account management strategies for existing customers.

  • Guide other team members to develop and maintain credit risk strategies

  • Support implementation of new or modified risk strategies and decision support tools with simulation, validation testing and reporting requirements to evaluate their effectiveness

  • Lead/participate in the design, development, implementation and management of core business/group processes that leverage these decision support tools

Identify portfolio issues and opportunities through effective portfolio monitoring

  • Develop and implement portfolio performance monitoring framework, including required reporting, to understand and communicate overall and segment level portfolio performance

  • Develop and implement monitoring framework to regularly assess performance of risk strategies and decision support tools

  • Consult with stakeholders to continuously improve consistency and transparency of risk measurement, metrics and reporting

  • Regularly review available reporting, attend industry events and conduct ad-hoc analysis to proactively identify emerging issues, trends and opportunities

  • Synthesize findings and make recommendations to address issues, improve portfolio performance and/or capture opportunities

  • Represent the decision strategy function during internal/external regulatory audits and/or examinations and produce reporting and documentation as requested

Inform business initiatives and decisions

  • Conduct independent analysis and assessment to resolve strategic risk issues and recommend solutions

  • Conduct risk and profitability analysis to inform line of business priorities and roadmap

  • Answer key questions and generate insights with data/analysis to inform business and risk initiatives

  • Provide input for ongoing operational programs and analytical approaches to manage risk

Drive innovation and ensure data quality

  • Work with internal and external stakeholders to understand the capabilities of risk models and core risk systems to ensure effectiveness of risk decision strategies

  • Work with data owners to discover and select available data sources from internal sources and external vendors to fulfill analytical needs

  • Devise innovative solutions to enable BMO to better optimize Risk-Reward.

  • Research existing/emerging risk management best practices and recommend enhancements

  • Coordinate the management of databases; ensure alignment and integration of data in adherence with data governance standards and identify any data issues


KNOWLEDGE AND SKILLS

  • Typically 7+ years of banking or insurance experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

  • Advanced experience (4+ years) building automated credit strategies and building/monitoring a portfolio. Not specifically in US.

  • In-depth financial, quantitative and analytical skills are a must for this role

  • In-depth knowledge of risk management theory, processes and portfolio management reporting techniques.

  • In-depth knowledge of modelling & analytics concepts and applications.

  • In-depth knowledge of risk systems technology preferred

  • In-depth product knowledge for Business Banking is an asset.

  • BMO organizational knowledge is an asset

  • Expertise in regulatory requirements is an asset

  • Education: someone who owned and took accountability for building credit strategies.

  • Strong skills in statistics/mathematics including Multivariate Statistics, Regression, Decision Trees and Forecasting

  • In depth expertise with key technologies including SAS, SAS EM, SQL, Knowledge Studio, Python, Microsoft Products

  • Proven ability to apply expertise and creativity to solve complex problems and manage ambiguity

  • Excellent communication skills (oral and written)

  • Proven ability to build and manage strong relationships within Risk, the Business and external partners

  • Proven ability to influence without authority, build alignment and drive change

  • Team-oriented, collaborative and flexible

  • Strong time management and project management skills

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.

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