Manager, Retail Risk Methodology & Analytics
BMO
Toronto, ON, CAN
1d ago

Job Family Group :

Data Analytics & Reporting

MANDATE :

Under the direction of the Senior Manager, Risk Methodology, Analytics & Reporting, this role is accountable for specialized credit risk analysis, risk rating systems and introducing new methodologies and statistical techniques to support credit risk management activities.

The Manager provides advanced analytical expertise to support the development, validation, monitoring, reporting and documentation of, Stress testing, Basel risk rating systems and IFRS-9 models, credit risk scorecards and credit risk strategies.

The role is also accountable for mentoring and teaching new techniques to all analysts within the group.

KEY ACCOUNTABILITIES :

1. Credit Risk Management

Responsible for improvements to the production, organization, analysis and accuracy of BMO and / or U.S. portfolio monitoring reports and ad hoc reports, including both consumer and commercial portfolios

Responsible for improvements to the monitoring, analysis and reporting of credit portfolios including probability of default, loss given default, exposure at default, economic loss, delinquency rates, write-off rates, automated decisions, approval rates, and override rates

Responsible for the development, monitoring and enhancement of risk rating systems, credit risk scorecards and decision trees for BMO Canada and / or U.S. portfolios

Responsible for the development, monitoring and enhancement of Stress Testing and IFRS-9 models for BMO Canada and / or U.S. portfolios

Responsible for developing new analyses and making recommendations to improve risk rating systems, credit risk scorecards, stress testing and IFRS-9 models and credit decision trees

Responsible for detailed documentation corresponding to statistical analysis and results

Responsible for change management activities including the creation and management of change logs

Responsible for the development, timely delivery and monitoring of Capital at Risk plan information

Responsible for the production and development of reports in a more supervisory role, in most cases

Responsible for specialized analysis and developing creative statistical solutions to support Basel Accord deliverables, Stress Testing models, IFRS-9 models and sales / marketing initiatives on lending products

2. Specialized Model Development

Responsible for specialized support for the development, implementation and testing of risk rating systems, credit risk scorecards and decision trees for BMO Canada and U.S. credit portfolios

Responsible for specialized support for the development of predictive models and decision trees to predict PD, LGD and EAD for AIRB, Stress testing and IFRS-9 models.

Responsible for providing expertise to others involved in the development, documentation, and validation of models to support risk rating systems, credit risk scorecards and other analytical initiatives

Responsible for defining how risk rating systems, scorecard and decision tree performance will be monitored and analyzed

Responsible for the development, documentation and validation of risk rating systems, credit risk scorecards and other analytical models to support regulatory requirements, credit risk strategies, provisioning and loss estimation

3. Project Management and Mentoring

Responsible for providing analytical expertise on larger scale projects with the biggest strategic implications

Responsible for mentoring senior analysts, analysts and interns in order to deliver on projects

Responsible for leading larger scale and strategic projects

Responsible for designing, creating and managing detailed documentation and change logs for regulatory purposes

AUTHORITIES :

To deliver on these accountabilities, the incumbent must have the following authorities :

This role has the authority to access legacy system data on the mainframe and credit risk data in the Basel datamarts.

This role has the authority to access, read, manipulate and create datasets from third party files, which are loaded to the Basel datamarts

This role has the authority to access details of risk rating systems, credit risk scorecards and credit decision trees and strategies.

This role has the authority to provide information and make recommendations on proposed risk rating systems, credit risk scorecards and credit risk strategies.

This role has the authority to coordinate work and arrange meetings to discuss or resolve issues.

This role has the authority to assign work to analysts and interns within a project team.

This role has the authority to make recommendations on statistical techniques used by other analysts within the team.

CROSS-FUNCTIONAL RELATIONSHIPS :

This role requires the incumbent to interact with the following processes and / or groups :

Other members of the Risk department (BMO or Harris) for the purposes of providing information, reviewing strategies and making recommendations

The Financing Products department for the purposes of providing product knowledge, and making recommendations about credit strategies

Model Validation for the purposes of providing model documentation for validation and to comply with policies and standards

Cardholder Services for the purposes of providing information and reviewing credit strategies

Various capital teams for the purposes of providing and receiving information on capital impact of Basel parameters

Third party suppliers (e.g. FLinxs, Accepta, Equifax, etc.) for the purposes of receiving and understanding data

Third party suppliers (e.g. SAS, Angoss, etc.) for the purposes of using critical software for the role

Information Management department for the purposes of understanding data in the marts and being able to create and run reports

Risk Governance and Operations department for the purposes of supplying regulatory data

Customer Insights, Line of Business departments for the purposes of understanding various data

ROLE DIMENSIONS :

This role contributes to BMO Canada and U.S.’ overall business results but does not have specific direct financial measures associated with it.

KNOWLEDGE AND SKILLS :

Knowledge :

Graduate University Degree in Mathematics / Statistics, Computer Science, Engineering, Economics, Operations Research or Business , or Undergraduate degree with comparable work experience

At least five years previous work experience in an analytical role using SAS or any other statistical / data mining software

Very strong analytical and technical skills required including quantitative analysis (strong time series analysis) , programming and statistical model development

Strong mainframe, UNIX and PC skills

Experience with statistical software packages, including SAS and KnowledgeStudio

Experience with manipulating data using Excel and SQL

Excellent knowledge of bank products and credit lending services

Knowledge of the Basel Capital Accord

Knowledge of Stress testing / IFRS-9 requirements

Skills :

Excellent interpersonal, relationship building and communication skills

Excellent analytical and technical skills

Excellent writing skills

Excellent time management, planning and organizing skills to manage multiple priorities and deliver quickly under pressure

Strong leadership and mentoring skills

Strong project management and change management skills

WORKING CONDITIONS :

This role requires minimal lifting and minimal exposure to risk to safety. The working environment requires prolonged periods of sitting at a desk using a computer with a need for focus visual and mental concentration.

During month / quarter-end periods and CaR planning, there is an inherent pressure to meet deadlines.

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.

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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