[Hiring] Senior Manager, Credit Strategy & Analytics @BMO

Role Description

• Designs and conducts analytics to assess and understand and identify emerging credit risk trends and behaviors.
• Makes effective recommendations for changes to credit strategy based on quantitative and/or qualitative analysis and with respect to Risk Appetite and business objectives.
• Manage and deliver data, reporting and analysis to support the Indirect business as needed.
• Proactively identifies opportunities to improve processes and analytics methods.
• Develops presentations to communicate results to key stakeholders and forums.
• Manages the development and maintenance of comprehensive reporting and monitoring of the credit quality, operations and performance.
• Contributes to the business’ accountability for the delivery of regulatory programs across applicable Tier 1 Risk Types.
• Contributes to the design of governance and control requirements for products, processes, and channels.
• Supports the design, development, automation, and coordination of evidence-based controls across various risks.
• Supports effective and efficient compliance with regulatory obligations in alignment with the Bank’s Risk Management Framework and approved Risk Appetite.
• 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.
• Acts as a strategic partner in which the program elements become an integrated component of the overall business/group strategies and helps drive business impact.
• Prepares and briefs senior leaders on regulatory matters across multiple businesses/groups.
• Supports multiple, similar business units with moderate complexity & business transaction risk.
• Represents the business/group on Governance/Risk Working Groups/Forums and provides regular updates.
• Monitors and advises on management of risk requirements within the defined risk appetite.
• Manages/supports large/complex risk programs/frameworks/projects/initiatives to ensure risks are appropriately mitigated and regulations adhered to.
• Monitors industry and legislative developments and continuously updates programs to ensure they are competitive and effective.
• Supports the position on regulatory compliance issues by interpreting requirements and identifying, analyzing and addressing resultant gaps and issues.
• Acts as a subject matter expert in the evaluation, development and implementation of an internal control system.
• May network with industry contacts to gain competitive insights and best practices.
• 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.
• Conducts independent analysis and assessment to resolve strategic issues.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Monitors and tracks performance, and addresses any issues.
• 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.
• Monitoring to ensure that 1st line jobs are following defined processes and procedures.
• Develops, documents and maintains business/group procedures updating and obtaining approvals as regulations or the operating environment changes.
• Designs measurable sustainment strategies including assessing and recommending mitigations for industry/segment-specific risks.
• Tracks exception/exemption requests and corresponding approvals.
• Facilitates training to ensure business unit employees fully understand requirements.
• Provides quality control for investigations, self-reports, examinations and independent reviews conducted by internal and external stakeholders.
• May act as the designated Primary Business Unit Compliance Officer (BUCO) and/or Anti-Money Laundering Reporting Officer for the operating group.
• Builds awareness, knowledge, and skills and provides communication, practical tools and ongoing support.
• Supports the design, development, coordination of implementation, automation and continuous improvement of 1LOD LOB risk management programs.
• Works with assigned business/group leaders to interpret, apply and operationalize relevant regulatory frameworks.
• Conducts or supports self-assessments to demonstrate control effectiveness and adherence.
• Develops and maintains an understanding of the business/group strategies and objectives, products and services.
• Identifies, investigates, analyzes, documents & mitigates program risks.
• Contributes to a strong risk culture through collaboration with 1LOD, and engagement with Second Line of Defence (2LOD), Corporate Audit (3LOD).
• Analyzes the impact and effectiveness of the program through periodic reviews.
• Recommends adjustments to the overall program, policy or processes within the business/group.
• Supports the business/group through internal/external audits or regulatory examinations.
• Provides support to the development and delivery of training and awareness programs within the business/group.
• Takes measured risks while protecting the bank by applying our Risk Management Framework.
• 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.
• 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.
• Program Management skills - Expert.
• 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.

Requirements

• Salary: $85,000.00 - $180,000.00
• Pay Type: Salaried

Benefits

• Performance-based incentives
• Discretionary bonuses
• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans