BMO U.S.
Manager - Business Banking Credit Risk Strategy
BMO U.S., San Ramon, California, United States, 94583
Manager – Business Banking Credit Risk Strategy
Join to apply for the
Manager – Business Banking Credit Risk Strategy
role at
BMO U.S.
Come join a culture that is about so much more than the bottom line. Be a part of a team that celebrates big ideas, supports your personal and professional growth, and makes a real impact in local communities. At BMO, you will enjoy work that makes a difference; help us live our Purpose:
To Boldly Grow the Good in Business and Life.
Role Overview Our Manager – Business Banking Credit Risk Strategy 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.
Responsibilities
Understanding the key drivers of losses and P&L, their relative importance and the current trends; apply this knowledge effectively to forecast losses meaningfully and accurately.
Analyze underlying model outputs relative to other business, ensure that the models provide rational and logical output.
Reconcile detailed financial data from disparate data sources.
Present the findings to various key stakeholders and senior management across the US Banking organization, specifically Business Banking and Small Business Cards.
Hold discussions with and present to various review and challenge teams, internal and external auditors and regulators.
Ensure best in class governance and documentation practices for these functions.
Drive process efficiencies through automation for the underlying data, forecasting and reporting processes.
Act as a trusted advisor to assigned business/group.
Guide/assist in the identification and classification of issues; recommend action plans.
Influence and negotiate to achieve business objectives.
Recommend and implement solutions based on analysis of issues and implications for the business.
Assist in the development of strategic plans.
Identify emerging issues and trends to inform decision‑making.
Research existing or emerging requirements and related best practices to assist and develop recommendations for changes/enhancements.
Help determine business priorities and best sequencing for execution of business/group strategy.
Conduct independent analysis and assessment to resolve strategic issues.
Lead the development and maintenance of the risk strategy management framework.
Support the development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Represent the decision strategy function during internal/external regulatory audits and/or examinations.
Ensure alignment between stakeholders.
Coordinate the management of databases; ensure alignment and integration of data in adherence with data governance standards.
Build change management plans of varying scope and type; lead or participate in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Lead and integrate the monitoring, measurement & reporting on the status of the risk decision strategy performance to internal & external stakeholders.
Lead 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.
Provide input into the planning and implementation of ongoing operational programs in support of the risk decision strategy management framework.
Lead/participate in the design, implementation and management of core business/group processes.
Develop and maintain risk strategies using analytics, predictive modeling and business rules to optimize decisions and productivity.
Support 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.
Provide advice and guidance to assigned business/group on implementation of analytical solutions.
Develop and maintain in‑depth knowledge of business product strategies and related risk management requirements and legislative/regulatory directives.
Work with stakeholders to identify the business requirements, understand the profitability structure, the risk/return assessment and the expected outcomes.
Work 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.
Work with internal and external stakeholders to understand the capabilities of risk models and core risk systems to ensure effectiveness of risk decision strategies.
Build effective relationships with internal/external stakeholders.
Summarize statistical findings and draw conclusions and present actionable business recommendations.
Present findings & recommendations in a simple, clear way to drive action.
Consult with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
Monitor and track performance; address any issues.
Focus is primarily on business/group within BMO; may have broader, enterprise‑wide focus.
Provide specialized consulting, analytical and technical support.
Exercise judgment to identify, diagnose, and solve problems within given rules.
Work independently and regularly handle non‑routine situations.
Broader work or accountabilities may be assigned as needed.
Qualifications
Typically between 5‑7 years of relevant experience and post‑secondary degree in a 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 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.
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.
Salary $74,000.00 ‑ $138,000.00
Pay Type Salaried
Benefits 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.
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e‑mail to
BMOCareers.Support@bmo.com
and let us know the nature of your request and your contact information.
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.
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Manager – Business Banking Credit Risk Strategy
role at
BMO U.S.
Come join a culture that is about so much more than the bottom line. Be a part of a team that celebrates big ideas, supports your personal and professional growth, and makes a real impact in local communities. At BMO, you will enjoy work that makes a difference; help us live our Purpose:
To Boldly Grow the Good in Business and Life.
Role Overview Our Manager – Business Banking Credit Risk Strategy 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.
Responsibilities
Understanding the key drivers of losses and P&L, their relative importance and the current trends; apply this knowledge effectively to forecast losses meaningfully and accurately.
Analyze underlying model outputs relative to other business, ensure that the models provide rational and logical output.
Reconcile detailed financial data from disparate data sources.
Present the findings to various key stakeholders and senior management across the US Banking organization, specifically Business Banking and Small Business Cards.
Hold discussions with and present to various review and challenge teams, internal and external auditors and regulators.
Ensure best in class governance and documentation practices for these functions.
Drive process efficiencies through automation for the underlying data, forecasting and reporting processes.
Act as a trusted advisor to assigned business/group.
Guide/assist in the identification and classification of issues; recommend action plans.
Influence and negotiate to achieve business objectives.
Recommend and implement solutions based on analysis of issues and implications for the business.
Assist in the development of strategic plans.
Identify emerging issues and trends to inform decision‑making.
Research existing or emerging requirements and related best practices to assist and develop recommendations for changes/enhancements.
Help determine business priorities and best sequencing for execution of business/group strategy.
Conduct independent analysis and assessment to resolve strategic issues.
Lead the development and maintenance of the risk strategy management framework.
Support the development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Represent the decision strategy function during internal/external regulatory audits and/or examinations.
Ensure alignment between stakeholders.
Coordinate the management of databases; ensure alignment and integration of data in adherence with data governance standards.
Build change management plans of varying scope and type; lead or participate in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Lead and integrate the monitoring, measurement & reporting on the status of the risk decision strategy performance to internal & external stakeholders.
Lead 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.
Provide input into the planning and implementation of ongoing operational programs in support of the risk decision strategy management framework.
Lead/participate in the design, implementation and management of core business/group processes.
Develop and maintain risk strategies using analytics, predictive modeling and business rules to optimize decisions and productivity.
Support 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.
Provide advice and guidance to assigned business/group on implementation of analytical solutions.
Develop and maintain in‑depth knowledge of business product strategies and related risk management requirements and legislative/regulatory directives.
Work with stakeholders to identify the business requirements, understand the profitability structure, the risk/return assessment and the expected outcomes.
Work 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.
Work with internal and external stakeholders to understand the capabilities of risk models and core risk systems to ensure effectiveness of risk decision strategies.
Build effective relationships with internal/external stakeholders.
Summarize statistical findings and draw conclusions and present actionable business recommendations.
Present findings & recommendations in a simple, clear way to drive action.
Consult with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
Monitor and track performance; address any issues.
Focus is primarily on business/group within BMO; may have broader, enterprise‑wide focus.
Provide specialized consulting, analytical and technical support.
Exercise judgment to identify, diagnose, and solve problems within given rules.
Work independently and regularly handle non‑routine situations.
Broader work or accountabilities may be assigned as needed.
Qualifications
Typically between 5‑7 years of relevant experience and post‑secondary degree in a 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 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.
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.
Salary $74,000.00 ‑ $138,000.00
Pay Type Salaried
Benefits 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.
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e‑mail to
BMOCareers.Support@bmo.com
and let us know the nature of your request and your contact information.
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.
#J-18808-Ljbffr