Senior Manager - Credit Risk Stress Testing

01/18/2024

Address:

100 King Street West

Data Analytics & Reporting

Our ideal candidate has experience with building and managing brand new teams with new mandates and solid people management skills.  You will be involved with monthly stress tests at the enterprise level and where applicable with Enterprise-Wide Stress Testing & OSFI mandated Macroeconomic Stress Testing.  You will have the opportunity to present to various levels of stakeholders including Executives.  Coding skills (PySpark, Python, SAS, SQL, R) and data visualization (Power BI) skills are essential.  This role will have significant exposure to different areas of the bank and interacting with broad stakeholders.  Good visibility over the whole enterprise. 

This individual will also identify opportunities for ongoing developments and enhancements in the Enterprise’s capital planning process as it relates to Wholesale and Retail Credit Risk. The successful candidate will be required to apply exceptional analytical, independent thinking, problem solving, time management, and communication skills on a daily basis.

Key Accountabilities

Stress Testing and Scenario Analysis

• Perform Enterprise wholesale and retail Credit Risk Stress Testing exercises and ad-hoc analyses.
• Analyse stress test scenarios, and generate and analyse wholesale and retail credit stress test results (forecast loan losses, risk weighted assets, ECL,etc.).
• Analyze, develop conclusions and prepare recommendations to present to management.
• Stay up-to-date on ongoing regulatory changes and expectations that materialize and the impact of these changes on the Enterprise’s Stress Testing process.
• Produce and validate Stress Testing reports and presentations.
• Manage, coach and train team members and reports 

Change Management

• Building capability to run scalable, frequent credit stress tests
• Participate in discussions to identify opportunities that would continuously improve the Stress Testing practices of the Enterprise.
• Proactively suggest improvements to reports and processes used by the Wholesale and Retail Credit Stress Testing team.

• Lead quality in all aspects of Stress Testing across the Stress Testing team and provide assistance to other team members when needed.
• Recommend changes to current processes and practices based on changing internal and external requirements.

Relationship Management

• Establish and maintain strong relationships with business colleagues in the lines of business, risk groups, peers and, relevant finance and accounting groups.
• Foster an environment of knowledge sharing within credit Stress Testing group and risk and capital reporting.
• Participate in assigned projects, providing expert input, portfolio information and value added support for initiatives.

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 and understanding of Stress Testing and scenario analysis methodologies and frameworks.
• Critical and strategic thinking
• Strong attention to detail to achieve superior quality of deliverables
• Enhanced reporting via visualization tools (Power BI)
• Strong technical skills (data manipulation, programming, Python, SAS, SQL, Pyspark, R)
• Strong interpersonal, presentation and communication skills
• Proficiency in statistical/numerical software.
• In-depth / expert knowledge of quantitative risk modeling, calculation of Regulatory and Economic Capital.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

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.