As the Strategic Initiatives and Analytics Sr. Manager for Business Banking Credit Risk at BMO US, you will play a pivotal role in guiding and measuring strategic initiatives within the Business Banking portfolio. As a member of the Second Line credit risk management team, you will provide expertise, consultation and effective challenge to decisions that impact lending outcomes, risk appetite, regulatory oversight and analytical controls for originations and the portfolio. You'll source and analyze data from various internal and external sources to quantify the impact of policy changes on portfolio quality, delinquency rates, and credit losses. Using data tools like Power BI and Excel, you'll dig deep into portfolio performance, extracting insights that will inform our product roadmap and policy actions. Your financial modeling expertise will be put to good use as you optimize the risk and return impact of changes to how we execute in the business.
What we are looking for in an ideal candidate:
Retail /Commercial Lending Knowledge: Understands how retail/commercial lending works, and how to define and measure financial outcomes of a loan portfolio, is crucial. Experience with Business Banking lending and/or underwriting is a plus.
Product and Strategy Leadership: Provides expertise in the design, development, management and implementation of assigned strategic initiatives from business case development through execution.
Systems and Tech Knowledge: We need someone with experience evaluating systems, processes and technology as it relates to how loans are originated, booked, monitored and reviewed.
Analytical Expertise: We're looking for candidates with experience in developing and analyzing portfolio results and metrics, and a deep understanding of analytical tools, methods and practices. We need someone who can crunch numbers, analyze data, and build financial models. Experience with NPV, discounted cash flows, and P&L analysis is a plus.
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.
Designs and produces regular and ad-hoc reports, and dashboards.
Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
Provides expertise in the design, development, management and implementation of assigned strategic initiatives from business case development through to execution. Develops business goals and key performance metrics to support initiative/program monitoring and enable insights. Works across BMO to deliver specific initiative/program results in alignment with overall group goals.
Provides strategic input into business decisions as a trusted advisor.
Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
Acts as a subject matter expert on relevant regulations and policies.
Develops the business case by identifying needs, analysing potential options and assessing expected return on investment.
Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
Leads the execution of initiatives/programs; assesses and adapts as needed to ensure quality of execution.
Acts as the prime subject matter expert for internal/external stakeholders.
Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
Leads change management programs of varying scope and @type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Directs the planning & implementation of operational programs for an assigned risk portfolio / strategy and executes within required service level agreements and standards.
Acts as a relationship manager on assigned projects/programs.
Builds effective relationships with internal/external stakeholders.
Ensures alignment between stakeholders.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information.
Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
Monitors and tracks performance and addresses any issues.
Designs and produces regular and ad-hoc reports, and dashboards.
Provides input into the planning and implementation of strategic programs.
Reviews the program for effectiveness, considers industry trends and recommends enhancements; makes changes as required.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
May network with industry contacts to gain competitive insights and best practices.
Influences and negotiates to achieve business objectives.
Identifies emerging issues and trends to inform decision-making.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
Ensures alignment between values and behaviour that fosters diversity and inclusion.
Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
Attracts, retains, and enables the career development of top talent.
Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.
Qualifications:
Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
In-depth / Expert knowledge of risk management, audit, compliance, governance and/or project management is preferred.
In-depth / Expert knowledge of business and regulatory environment and understanding of risk issues / trends and best practices.
In-depth / Expert communication and relationship management skills.
Ability to manage multiple priorities with effective planning and organizing skills.
Seasoned professional with a combination of education, experience and industry knowledge.
Verbal & written communication skills - In-depth / Expert.?
Salary:
$102,000.00 - $190,000.00
Pay Type:
Salaried
The above represents BMO Financial Group's pay range and @type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
BMO Financial Group's total compensation package will vary based on the pay @type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
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/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereo@types, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
