Director, Integrated Risk Insights

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This role is accountable for leading the evolution and development of a robust Integrated Risk Insights function for Enterprise Risk Management. This role also requires the ability to understand the highly quantitative aspect of many risk disciplines and to bring the business perspective forward to the quantitative discipline, utilizing results of such quantitative analytics to ensure integration of insights and application across ERPM for risk appetite and portfolio management strategies. Working closing with both quantitative as well as business colleagues, the ability to communicate on both a technical/quantitative and business basis is important for success. This role includes leading the integration of risk appetite and portfolio management considerations into the Capital Allocation process, acting as ERPM lead in developing the framework for the integration and execution of the process, developing and executing a framework for aggregate Risk Appetite setting on an annual basis, and developing and delivering integrated risk insights to senior leadership to enable portfolio and risk led actions. This role is accountable to work with senior business leaders, senior risk leaders (including the CRO), and finance colleagues, to achieve objectives in Integrated Risk Insights. As a central function, this role is instrumental in ensuring a holistic overview of the portfolio and assessment and execution of strategies to ensure alignment to risk appetite and to optimize portfolio management for the Enterprise.

• Integration of risk appetite and portfolio management considerations into the capital planning and allocation process; act as ERPM lead in execution of risk requirements and considerations through the capital allocation process annually and dynamically through the year, ensuring focus on maximizing ROE while optimizing capital and maintaining risk appetite parameters
• Establish framework for aggregate risk appetite setting, and disaggregation of risk appetite to Tier 1 Risk (Credit, Market, ONFR)
• Annually set aggregate risk appetite in conjunction with senior leadership, coordinate disaggregation to Tier 1 Risks, conduct ongoing monitoring against annual risk appetitetive role in the futuristic display of data, and advancement of innovative data strategies to understand consumer trends and address business problems.
• Develop framework / target operating model for integrated insights across ERM, including reporting standards, aggregation channels, and delivery mechanisms
• Utilizing established framework, deliver strategic insights and recommended actions to executives leveraging, elevating and connecting analytics across functions

• Uses analysis to provide recommendations and advice for business leaders to maintain to maintain market competitiveness.

• Collaborate together with partners to understand and provide data-driven decision making, business planning and future roadmap.
• 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.
• Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.
• Influences how teams/groups work together.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.
• Communicates abstract concepts in simple terms.
• Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.
• Anticipates trends and responds by implementing appropriate changes.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

Knowledge:

• 10+ years of relevant banking experience; preference to have experience in risk and / or finance / treasury domains, including roles in Enterprise Risk, Capital Management, capital optimization, risk strategy
• Professional designation or graduate degree, such as MBA, Chartered Financial Analyst (CFA), or accounting designation nice to have
• In depth knowledge of BMO Risk Management approach and overall knowledge of BMO a plus;
• Solid knowledge of BMO Risk Policies and Processes; including solid knowledge of credit risk policy and overall lending practices
• Understanding of multi-jurisdictional legal / regulatory environment
• Awareness of financial and business marketplace and risk issues affecting various industries, with particular focus on proactive management of current and future potential issues impacting on the businesses
• Experience working in close partnership with stakeholders at various levels in a way that maximises their participation and leverages their support

Skills:

• Expert oral / written communication skills
• Strong attention to detail with a proven decision-making ability
• Highly developed personal effectiveness skills, which include the ability to influence and negotiate, adapt to varying conditions and apply creativity and seize personal development opportunities
• Ability to use both excel and powerpoint is critical
• Ability to interface effectively with Senior Executives of BMO and ability to work in cross disciplinary teams is critical
• Ability to lead cross disciplinary teams to achieve a goal
• Ability to think creatively and ‘outside the box’; able to advance new concepts and ideas and work effectively in “white space
• Creative and critical thinking.
• Analytical and problem solving skills.
• Influence skills.
• Collaboration & team skills; with a focus on cross-group collaboration.
• Able to manage ambiguity.
• Seasoned expert with extensive industry knowledge.
• Technical leader viewed as a thought leader for innovation.

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

About Us

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.