Managing Director - Consumer Non-Regulatory Models

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Develops advanced analytic solutions and methodologies to support the Bank’s Retail and Business Banking credit risk portfolio management and strategies for both US and Canada. This includes developing, testing, monitoring, and maintaining Retail and Business Banking credit models for Adjudication, Account Management, Impaired Provisioning, Collections, Business models (as required), and working with the Credit Risk team and Business Lines to leverage the insights from these models for Risk Management within the bank’s approved risk appetite, support strategies and analytics that enhance business growth, and enhanced Automated Decisioning and optimized Risk-Return and Portfolio Management.

Accountabilities:

• Plays a key role interacting and building relationship with internal and external stakeholders and regulators (as needed) in terms of model use, risk control and model risk management. Manages end to end model life cycle of Decision Science Risk models, approving these models and model changes for implementation and use. Ensures the models are integrated into the underlying data and infrastructure seamlessly through time and business/system changes. Interacts with and influences their team, colleagues, and co-workers to develop and implement Retail and Business Banking credit models for Adjudication, Account Management, Impaired Provisioning, Collections, Business models (as required) and tools designed to effectively measure business performance and optimize the risk-return trade-off.

• Attracts, builds, and manages (including performance management, compensation, recruiting, mentoring, training, coaching, and career management) a talented and industry leading team of risk professionals with expertise in the highly specialized and quantitative disciplines, including but not limited to credit assessment, account management, risk-return optimization, loss forecasting, financial/statistical modelling, machine learning and automation.

• Effectively mentors fellow team members and work closely with business partners in the development, communication, and on-going monitoring and review of Retail and Business Banking risk analytics and strategies, loss estimation and collections methodologies, etc.

• Communicates complex risk methodology and analytic concepts effectively with senior level executive, Model Risk, internal and external audit and regulators, as well as team members and business managers.

• Develops, communicates, and integrates risk analytics, risk appetite, and risk-return trade-off into all models, for all aspects of the business for Retail and Business Banking.

• Maintains up to date knowledge of advanced analytic methodologies and develops creative analysis, directions, and methods to improve Retail and Business Banking portfolio performance.

• Pro-actively explores and recommends opportunities to extend the scope and applicability of statistical models or analysis as well as developing new models and advanced analytic solutions to support value added for Retail and Business Banking.

• Develops, communicates, implements, reviews, monitors, and reports on Retail and Business Banking credit models for Adjudication, Account Management, Impaired Provisioning, Collections, Business models (as required), including but not limited to ongoing model monitoring, annual reviews / revalidation, and regulatory reporting (as required).

• Respond and address Validation, Audit and/or regulatory findings and proactively adjust models to changing portfolios and economic conditions.

• Integrates Risk-Adjusted Performance Measurement.

• Supports ongoing business initiatives such as portfolio acquisition by providing modeling solutions for the acquired portfolios, or in the case of a portfolio sale, providing impact assessment for the remaining exposures in the portfolio.

• Provides modeling requirements for new systems and systems’ conversions.

• Adapts models to changing business needs and portfolios strategy.

• Conducts impact assessments due to portfolio and model changes.

• Plays a key role in supporting the Model Development Repository (MDR) platform and Model Acceleration Platform (MAP).

• Drives change and transformation - simplification and automation - for efficiency and effectiveness while ensuring strong governance and controls remain in place.

• Within the mandate of this role, promotes and supports the Bank’s risk culture including ensuring employees understand their accountabilities for risk-taking activities, promoting an environment of open communication and effective challenge, and establishing the “tone from the top” through leading by example.

• Complies with the Bank’s Risk Appetite framework and ensures risk-taking activities remain within agreed limits and comply with all regulatory requirements.

• Role models driving simplicity and productivity enhancements for optimization across groups driving continuous improvement on key measures.

• Activates our winning culture, aligned with Purpose. Ignites engagement by aligning our culture to our strategy and fueling exceptional execution.

• Fosters diversity, equity and inclusion and creates an inclusive environment for all employees by eliminating barriers to inclusion.

• Develops leaders, plans for succession, and fosters a high-performance culture.

• Drives top talent acquisition and retention, developing organizational capabilities to drive competitive advantage.

• Leads and mentors a team of senior executives with diverse risk and business experience, skills, and orientation.

• Leads, promotes, and reinforces the Bank’s customer focus to support our vision.

• Personally, role models customer focus.

• Drives sustainable improvements in customer loyalty and business growth.

• Adheres and supports enterprise customer experience and brand standards.

Qualifications:

• Masters /PhD level degree in a quantitative field (e.g., statistics, mathematics, economics, finance, operations research, engineering etc.)

• Advanced knowledge of credit modeling, with focus on Retail and Business Banking adjudication and account management models, risk-return optimization, and portfolio loss distributions forecasts

• Excellent recruiting, coaching and mentoring skills - developing and leading a high-performance team

• Demonstrated ability to apply Artificial Intelligence and Machine Learning techniques within advanced modelling environments to improve analytical accuracy, operational efficiency, and strategic insight

• 5+ years managerial experience leading a team of 20 ~ 30 risk professionals that develops quantitative models

• 10+ years of experience in developing and integrating credit models for retail and business banking loan portfolios

• Excellent grasp of the mathematics and statistics of quantifying portfolio loss distributions through short- and long-term timeframe, and through both benign and stressed macroeconomic conditions,

• Thorough understanding of how models and advanced analytic solutions can be leveraged to support Model Owners (MO) and Model Users (MU) in measuring the performance of their portfolios, and how these solutions can be used in conjunction with pricing, adjudication, account acquisition, marketing, product and strategy development, and customer management to optimize risk-return.

• Thorough understanding of necessary elements of maintaining regulatory compliance

• Ability to relate analytical and capital expertise to business problems, formulate business recommendations and communicate effectively to a non-analytical audience

• Excellent time and resource management skills, flexibility and resourcefulness to interface and collaborate with internal and external groups

• Knowledge and ability to develop and apply financial analysis to business and strategic issues and mentor team members to develop these skills

• Excellent communication and presentation skills (both written and verbal)

• Effective planning and on-going communication with several layers of management across BMO Financial Group, as well as with internal and external regulators and auditors is an essential part of leading this team.

Please note the base salary range for this position is CAD $175,000.00 to CAD $210,000.00

Salaire :

Type de rémunération :

Ce qui précède représente la fourchette et le type de rémunération de BMO Groupe financier.

Les salaires varieront en fonction de facteurs comme l’emplacement, les compétences, l’expérience, les études et les qualifications pour le poste et pourront inclure une structure de commissions. Les salaires pour les postes à temps partiel seront calculés au prorata du nombre d’heures travaillées régulièrement. Pour les rôles à commission, le salaire susmentionné représente la cible de BMO Groupe financier pour la première année au poste.

La rémunération totale offerte par BMO variera selon le type de rémunération associé au poste et peut comprendre des primes de rendement, des primes discrétionnaires ainsi que d’autres avantages et récompenses. BMO offre également une assurance santé, le remboursement des frais de scolarité, une assurance accident et une assurance vie, ainsi que des régimes d’épargne-retraite. Pour en savoir plus sur nos avantages sociaux, consultez le site : https://jobs.bmo.com/ca/fr/R%C3%A9mun%C3%A9ration-globale

À propos de nous

À BMO, nous sommes animés par une raison d’être commune : Avoir le cran de faire une différence dans la vie, comme en affaires. Cette raison d’être nous invite à entraîner des changements positifs et durables pour nos clients, nos collectivités et nos gens. En travaillant ensemble, en innovant et en repoussant les limites, nous transformons des vies et des entreprises et favorisons la croissance économique partout dans le monde.

En tant que membre de l'équipe de BMO, vous êtes valorisé, respecté et entendu, et vous avez plus de moyens pour progresser et obtenir des résultats. Nous nous efforçons de vous aider à obtenir des résultats dès le premier jour, pour vous-même et nos clients. Nous vous offrirons les outils et les ressources dont vous avez besoin pour franchir de nouvelles étapes, car vous aidez nos clients à franchir les leurs. Au moyen de formation et de coaching approfondis ainsi que de soutien de la direction et d'occasions de réseautage, nous vous aiderons à acquérir une expérience enrichissante et à élargir votre groupe de compétences.

Pour en savoir plus, visitez-nous à l'adresse https://jobs.bmo.com/ca/fr.

BMO s'engage à offrir un milieu de travail inclusif, équitable et accessible. Nous apprenons de nos différences et tirons notre force des gens et de leurs différents points de vue. Des mesures d’adaptation sont disponibles sur demande pour les candidats qui participent à tous les aspects du processus de sélection. Pour demander des mesures d’adaptation, veuillez communiquer avec votre recruteur.

Remarque aux recruteurs : BMO n’accepte pas les curriculum vitæ non sollicités provenant de toute source autre que le candidat directement. Tout curriculum vitæ non sollicité envoyé à BMO, directement ou indirectement, sera considéré comme la propriété de BMO. BMO ne paiera aucuns frais pour les placements découlant de la réception d’un curriculum vitæ non sollicité. Une agence de recrutement doit d’abord détenir une entente de service écrite valide et dûment signée avant d’envoyer des curriculum vitæ.