Address
Form of workApplication Deadline:
Address:
33 Dundas Street WestJob Family Group:
If you're looking for your next dream job, consider this one in BMO's ERPM 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
What is the opportunity?
The Senior Analyst, Credit Strategy and Portfolio Performance, is part of a growing and dynamic team in Enterprise Risk & Portfolio Management (ERPM) that supports Personal Segment of Bank of Montreal (the bank). The team protects the bank through sound risk management practices; acts as a strategic advisor to steer the bank towards value; focuses on innovative solutions to drive performance.
This role would be attractive for people who are keen on data driven decision making approach, and who are interested in making direct business/customer impact through analytical thinking.
What will you do?
Optimizes credit adjudication strategies' performance through the effective use of analytics and improves the automation of real-time decisioning for Consumer Credit Card portfolio.
Leads the monitoring, measurement & reporting on the performance of the credit decision strategy to internal & external stakeholders.
Streamlines the monitoring reports and data visualizations by designing dynamic and user-friendly processes.
Conducts deep-dive analysis/assessment and propose recommendations to optimize portfolio risk-rewards performance.
Manages the planning and execution of the change management process including simulation, validation testing and reporting requirements to ensure the effectiveness of the new or modified strategies.
Contributes to the end-to-end process of development and implementation of strategic initiatives in the automated credit decision engine through collaboration with internal and external stakeholders.
Steers business growth towards risk-adjusted results with strong risk mitigation and data-driven decision making; works collaboratively with various stakeholders across line of business.
Owns the credit decisioning and processes of pre-approved card offering for quarterly marketing campaigns and liaises with business stakeholders to ensure timely and successful delivery.
Responsible for reviewing business initiatives (e.g. marketing campaigns, new product/channel launch) and providing effective challenge to achieve optimal risk-return within the Bank's risk appetite.
Acts as a trusted advisor to business partners on implementation of analytical solutions.
Develops and maintains in-depth knowledge of business product strategies and related risk management requirements and legislative/ regulatory directives.
Researches existing or emerging risk management techniques & related best practices to assist and develops recommendations for changes/enhancements.
Maintains a general understanding of the external environment including regulatory requirements and competitive offerings.
Identifies emerging issues and trends to inform decision-making.
Qualifications:
3-5 years of working experience in credit risk management, modelling or business analytics in the consumer lending industry.
University degree in an analytical discipline such as Statistics, Mathematics, Economics, Operations Research or similar fields.
Proven track record of growing business value with advanced analytics.
Ability to clearly articulate quantitative analyses to both sophisticated technical experts and diverse business partners.
Attention to detail and sensitivity to numbers.
A self-starter and team player.
Technical proficiency using data analytics tools: SAS, SQL, SAS EM, FICO Analytics Modeler or equivalent.
Experience using data visualization tools: Power BI, Tableau, Spotfire or equivalent.
In-depth knowledge of credit adjudication/credit life cycle/credit bureau/credit risk management & reporting is an asset.
In-depth product knowledge of Credit Card is an asset.
Knowledge in finance is an asset.
Market/Macroeconomy awareness.
Compensation and Benefits:
Pay Type:
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.
