Director, Consumer Credit Risk Reporting & Analytics

Address:

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs

This position is located in Toronto and offers a hybrid work arrangement with 2-3 days per week on-site while other days are remote.

Leads the execution of accurate and efficient reporting and analytics of credit risk, regulatory and management information to internal and external stakeholders including senior executive committees, risk committees, Rating Agencies, Analysts / Investors, and regulatory bodies. Provides leadership and deep technical expertise to the consumer credit risk reporting function by leveraging common data/information sources, applying best practices, and continuing to nurture performance excellence.

Risk Reporting Framework and Control

• Leads the development and maintenance of the risk reporting framework including the development and implementation of best practices for risk reporting.

• Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.

• Leads the design, implementation and management of processes to ensure the accuracy of risk data used in reporting.

• Creates/supports the maintenance of documented operational procedures and processes related to analytical and reporting processes.

• 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.

Risk Reporting and Analytics

• Designs and produces regular and ad-hoc reports, and dashboards (Excel, PowerPoint)

• Delivers timely, accurate, and efficient reporting production processes; organizes work to ensure accuracy and completeness.

• Provides clear, concise communications and analysis

• Analyzes data and information to provide risk-related insights and recommendations for the assigned portfolio

• Conducts ad hoc independent analysis and assessments to investigate and resolve strategic risk issues and recommends solutions, including ad hoc analyses for the CRO, Investors, Business or strategic initiatives

• Represents the risk reporting function during internal/external regulatory audits and/or examination

• Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.

Technical Leadership and Trusted Advisor

• Uses deep technical/coding and reporting expertise to coach team members

• Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.

• Acts as a trusted advisor to senior leaders

• Operates at a group/enterprise-wide level and serves as a senior subject matter expert across BMO.

• Develops an expert understanding of business/group challenges.

• May consult or serve on various committees and task forces.

• Identifies emerging issues and trends to inform decision-making.

Innovation and Change Management

• Measures the effectiveness of risk reporting program/strategy; recommends changes as required.

• Assesses and adapts existing operational processes/programs; develops new capabilities to ensure ongoing success.

• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

Team Leadership / People Management

• Manages team (2-4 people) of highly skilled risk reporting experts

• Attracts, retains top talent

• Recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.

• Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.

• 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.

Qualifications:

• Typically 10- 15 years of relevant experience and post-secondary degree / equivalent combination of education and experience.

• Expert technical skills / querying languages (SAS, SAS viya, SQL, etc.).

• Expert with reporting tools (Excel, Power Point)

• Technical leader viewed as a thought leader on risk reporting

• Verbal & written communication skills - Expert.

• Analytical and problem solving skills - Expert.

• Data driven decision making - Expert.

• Strong judgement, ability to prioritize, comfortable with ambiguity.

• Expert knowledge of reporting & analytics concepts and applications.

• Knowledge of industry trends and regulatory requirements for risk reporting.

• Strong product knowledge for the designated business/portfolio.

• Knowledge of risk management theory, processes and portfolio management reporting techniques.

• Knowledge of risk systems/platforms (an asset).

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

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.

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.