Address
Form of workApplication Deadline:
Address:
33 Dundas Street WestJob Family Group:
This exciting opportunity is ideal for those who want to be recognized for their contributions, their work and subject matter expertise - this and more will be visible to senior leaders in this role. If you have experience developing models and articulating the value your work brought to your team and organization - we want to hear from you and look forward to receiving your application. Apply today!
What is the opportunity?
The Senior Manager, Credit Strategy and Performance, is part of a growing and dynamic team in a collaborative environment that supports Personal Segment of the bank. The incumbent will have high visibility to senior executives and will be a recognized contributor who impacts the client experience and bank’s results.
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 analytics and optimization.
What will you do?
Develops and maintains risk decision-support strategies using analytical solutions to enable high-quality, fact-based decisions for a designated risk portfolio, within Personal Lending segment, e.g., Personal Loan, Line of Credit, etc.
Leads the development and maintenance of the risk strategy management framework.
Conducts independent analysis/assessment and propose recommendations to optimize portfolio performance through risk-rewards analysis.
Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Measures the effectiveness of risk decision strategy management framework; recommends changes as required.
Leads and integrates the monitoring, measurement & reporting on the status of the risk decision strategy performance to internal & external stakeholders.
Acts as a trusted advisor to assigned business/group. Works collaboratively with various stakeholders across line of business.
Responsible for reviewing business initiatives (e.g. marketing campaigns, new product/channel launch) to ensure alignment with the Bank’s approved risk appetite.
Liaise with business stakeholders on change initiatives (e.g. new products, campaigns) and provide effective challenge on aspects pertaining to credit risk with a view to achieving optimal risk-return within the Bank’s risk appetite.
Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
Implements changes in response to shifting trends.
Develops and maintains in-depth knowledge of business product strategies and related risk management requirements and legislative/regulatory directives.
Works with stakeholders to identify the business requirements, understand the profitability structure, the risk / return assessment and the expected outcomes.
Provides advice and guidance to assigned business/group on implementation of analytical solutions.
Acts as a subject matter expert on relevant regulations and policies.
Helps determine business priorities and best sequence for execution of business/group strategy.
Ensures alignment between stakeholders.
Maintain a thorough understanding of the external environment including regulatory requirements, risk management techniques (i.e. best practices) and a general understanding of competitive offerings. Act upon trends within the marketplace where necessary to ensure the primary mandate is met.
Identifies emerging issues and trends to inform decision-making.
Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
Represents the decision strategy function during internal/external regulatory audits and/or examinations.
Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviors in all that they do
Ensures alignment between values and behavior 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.
Collaborates across functional and operating groups to create the highest value for all stakeholders.
What do you need to succeed?
Knowledge
Typically between 5+ years of relevant experience in risk management or personal banking, and post-secondary degree in related field of study or an equivalent combination of education and experience.
In-depth product knowledge for the designated business / portfolio.
In-depth knowledge of risk management theory, processes and portfolio management reporting techniques.
In-depth experience developing credit strategies impacting the bottom line of an organization
In-depth knowledge of modelling & analytics concepts and applications.
In-depth knowledge of risk systems technology.
In-depth knowledge of regulatory requirements.
Deep knowledge and technical proficiency gained through extensive education and business experience.
Skills
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.
Market/Environmental awareness.
Financial understanding.
Broader Responsibilities Include:
Develops and maintains risk decision-support strategies using analytical solutions to enable high-quality, fact-based decisions for a designated risk portfolio. Supports the development of the strategy and roadmap for data quality, data analytics, data modeling, reporting, business intelligence, and the design and development of sophisticated decision support tools.
- 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.
- 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.
- May network with industry contacts to gain competitive insights and best practices.
- Interprets new regulations and assesses impacts to the risk strategy framework.
- Influences and negotiates to achieve business objectives.
- Identifies emerging issues and trends to inform decision-making.
- Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
- Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
- Measures the effectiveness of risk decision strategy management framework; recommends changes as required.
- Conducts independent analysis and assessment to resolve strategic issues.
- Leads the development and maintenance of the risk strategy management framework.
- Acts as the prime subject matter expert for internal/external stakeholders.
- Represents the decision strategy function during internal/external regulatory audits and/or examinations.
- Ensures alignment between stakeholders.
- 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.
- Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
- Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
- Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
- Leads and integrates the monitoring, measurement & reporting on the status of the risk decision strategy performance to internal & external stakeholders.
- Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
- May provide specialized support for other internal and external regulatory requirements.
- Leads in the design, implementation and management of core business/group processes.
- Develops and maintains risk strategies using analytics, predictive modelling and business rules to optimize decisions and productivity.
- Supports the planning and execution of the change management process including simulation, validation testing and reporting requirements to evaluate the effectiveness of the new or modified strategies.
- Provides advice and guidance to assigned business/group on implementation of analytical solutions.
- Develops and maintains in-depth knowledge of business product strategies and related risk management requirements and legislative/ regulatory directives.
- Works with stakeholders to identify the business requirements, understand the profitability structure, the risk / return assessment and the expected outcomes.
- Works with 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.
- Works with internal and external stakeholders to understand the capabilities of risk models and core risk systems to ensure effectiveness of risk decision strategies.
- Builds effective relationships with internal/external stakeholders.
- Ensures alignment between stakeholders.
- Summarizes statistical findings and draws conclusions and presents actionable business recommendations.
- Presents findings & recommendations in a simple, clear way to drive action.
- Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
- Monitors and tracks performance; addresses any issues.
- Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
- Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
- 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 product knowledge for the designated business / portfolio.
- In-depth / expert knowledge of risk management theory, processes and portfolio management reporting techniques.
- In-depth / expert knowledge of modelling & analytics concepts and applications.
- In-depth / expert knowledge of risk systems technology.
- In-depth / expert knowledge of regulatory requirements.
- 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.
