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Manager, Risk Model Oversight

BMO Financial Group

This is a Contract position in Toronto, ON posted October 26, 2021.

Address:

55 Bloor Street West

Job Family Group:

Data Analytics & Reporting

Reporting directly to the Director of Risk Monitoring and Insights, the Manager of Risk Model Oversight is responsible for ensuring the risk models used in the management of the Canadian consumer credit portfolios remain fit for use.

This role will also be involved in the development of risk data resources and risk reporting pertaining to the Canadian consumer credit portfolios.

Supports the execution of accurate and efficient reporting solutions for risk, regulatory and management information to internal and external stakeholders including regulatory bodies. Supports an efficient and effective risk management function which uses common information sources and practices, reduces ongoing costs, increases service level performance and minimizes risk.

  • User/owner oversight of risk models (AIRB, IFRS9, stress testing etc.).
  • Support data improvement projects.
  • Support ad-hoc data requests.
  • Develop new risk reporting and data extracts.
  • 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.
  • Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
  • Helps determine business priorities and best sequence for execution of business/group strategy.
  • Conducts independent analysis and assessment to resolve strategic issues.
  • Leads the development and maintenance of the risk reporting framework.
  • Represents the risk reporting function during internal/external regulatory audits and/or examinations.
  • Ensures alignment between stakeholders.
  • Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.
  • Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
  • May provide specialized support for other internal and external regulatory requirements.
  • Provides input into the planning and implementation of ongoing operational programs in support risk reporting management framework.
  • Leads/participates in the design, implementation and management of core business/group processes.
  • Designs, develops, and implements reporting solutions to meet management and regulatory reporting requirements.
  • Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions.
  • Executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes.
  • Supports the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders.
  • Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio e.g. capital at risk modeling, risk/return assessments, etc.
  • Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.
  • Works with various data owners to discover and select available data sources from internal sources and external vendors (e.g. lending system, payment system, external credit rating system) to fulfill analytical needs.
  • Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.
  • Analyzes data and highlights significant information including variances, trends, opportunities and exposures; escalates as required.
  • Provides information and supports the process for internal and external audits.
  • Gathers and formats data into regular and ad-hoc reports, and dashboards.
  • Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Builds effective relationships with internal/external stakeholders.
  • Supports the maintenance of operational procedures and processes related to analytical and reporting processes.
  • Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting.
  • Participates in the design, implementation and management of core business processes to ensure the accuracy of risk data used in reporting.
  • Organizes work information to ensure accuracy and completeness.
  • 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.

    Qualifications:

  • Typically between 5 – 7 years of relevant experience in banking with the majority of time spent in credit risk and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • Possesses a university degree in data sciences, physics or mathematics. MBA considered an advantage.
  • Familiar with statistical modelling techniques including machine learning.
  • Familiar with one or more industry leading data preparation and data analytics tool sets including, but not limited to Spotfire, SQL, SAS, R, Python.
  • In-depth knowledge of risk management metrics, KPIs and KRIs.
  • In-depth knowledge of industry trends and regulatory requirements for risk reporting.
  • In-depth product knowledge for the designated business/portfolio.
  • In-depth knowledge of risk management theory, processes and portfolio management reporting techniques.
  • In-depth knowledge of reporting & analytics concepts and applications.
  • In-depth knowledge of risk systems technology.
  • Deep knowledge and technical proficiency gained through extensive education and business experience.
  • Exceptional communication skills (both written and verbal) and relationship management skills at a senior management level.
  • Able to distill complex concepts to key ideas and present clearly.
  • Demonstrates ability to build a good fact base, apply sound reasoning, and generate relevant recommendations that get implemented and lead to business success.
  • Strong ability to handle multiple priorities.
  • Strong ability to work highly independently and work successfully with a team that has diverse skills, knowledge, and educational backgrounds.
  • 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 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.

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