Senior Manager, Modeling and Analytics

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Seeking a skilled and experienced professional to join our Model Development Team as a Senior Manager, Retail Modeling, Credit Risk. As a Senior Manager in our modeling for risk management, governance, and control function, you will play a pivotal role in the development of credit risk models, with particular emphasis on Retail Allowance (IFRS9/ CECL) and Retail Stress Testing (CCAR/EWST) models. Experience in other credit risk families such as AIRB models, credit adjudication and account management models are also relevant. This dynamic position requires a balance of leadership/people manager and individual contributor skills.

Key Role Responsibilities:

• Model Development: You will lead the development of models, other estimation approaches and critical tool calculators for estimating and assess the model risk to confirm model appropriateness and capability for a designated portfolio. You are responsible for developing and maintaining strong credit risk models and communicating decisions regarding the models to the business to ensure transparency and understanding of models and model risks.

• Analytics on model results: You will be responsible to analyze and present insights into the model results. These analyses will be used to inform management overlays in the reporting process.

• Stakeholder Engagement: Effective communication is crucial in this role. You will manage relationships with model validation, owners, and users, influencing and advising on model risk-related matters. Your ability to explain complex technical concepts in everyday language will set you apart.

• Project Management: 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.

• Change Management: BMO is at the forefront of innovation in model risk management. You will be part of the team that drives change by embracing new technology platforms, tools, and operating models. Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.

• Regulatory Expertise: 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 program / portfolio validation framework.

• Risk Understanding: You will need to connect the dots between technical issues and business considerations.

What we are looking for:

• An MBA or MSc or PhD in quantitative fields such as statistics, applied mathematics, financial mathematics, data science, actuarial sciences, engineering, or related fields.

• A minimum of 7 years of experience in model development and/or validation within a financial institution, particularly in the credit risk area.

• Certifications: While qualifications like CFA/ FRM are helpful, they are not mandatory.

• Experience in credit risk models, including Stress Testing, Provisioning, loss forecasting, AIRB and Adjudication/Account Management.

• Proficiency in a programming language such as Python, R, and SAS (Python is preferred).

• Proficiency in working with relational databases - SQL or Oracle.

• Working with Big data tools and Cloud platforms (AWS/Azure) is a plus.

• A can-do attitude and a research, deep-dive mindset.

If you’re looking for your next dream job, consider this one in BMO’s Enterprise 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

Applies mathematical and statistical methods to financial and risk management problems (e.g. internal controls; enterprise-wide stress testing and scenario analysis; capital modelling; valuations). Through quantitative analytical modelling, identifies important factors to consider for financial disaster and recovery plans. Conducts research and creates tools that use data to develop scenario-based planning and implements complex mathematical models to help the business make better financial and financial decisions (e.g. investments, pricing, etc.), drive innovation and minimize the impact of uncertainty.

• Develops pricing and quantitative risk models for an assigned portfolio e.g. fixed income, corporate credit and loans.

• Monitors risk in strategies and portfolios alongside project managers or functional leads.

• Conducts research and develops tools that use data to make better financial decisions; such as: investments, pricing, etc.

• Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.

• Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.

• Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.

• Conducts quantitative research in risks across strategies and portfolios.

• 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:

Intermediate level of proficiency:

• Regulatory capital and stress testing.

• Compliance and regulation.

• Machine learning.

• Learning Agility.

• Systems Thinking.

Advanced level of proficiency:

• Model risk management.

• Data visualization.

• Data wrangling.

• Data preprocessing.

• Critical thinking.

• Driving Results.

• Quantitative financial modeling.

• Computational thinking and programming.

• Verbal & written communication skills.

• Analytical and problem solving skills.

• Collaboration & team skills; with a focus on cross-group collaboration.

• Able to manage ambiguity.

• Data driven decision making.

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Seasoned professional with a combination of education, experience and industry knowledge.

• Data driven decision making - In-depth / Expert.

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.