Business and Process Analyst (New or Recent Graduate Opportunity)

Bank of Montreal•Chicago, IL

2d•Onsite

About The Position

At BMO, the purpose is to Boldly Grow the Good in business and life, creating lasting, positive change for customers, communities, and people. The company values its team members, offering opportunities for growth and impact, supported by tools, resources, in-depth training, coaching, manager support, and network-building. This role supports the execution of accurate and efficient reporting solutions for risk, regulatory, and management information for internal and external stakeholders, including regulatory bodies. It contributes to an efficient and effective risk management function by using common information sources and practices, reducing costs, increasing service performance, and minimizing risk. The position involves designing, developing, and implementing reporting solutions, providing advice on analytical and reporting solutions, and ensuring strong governance and effective controls across risk reporting activities in accordance with enterprise standards. The role requires thinking creatively, proposing new solutions, and exercising judgment to solve problems within established rules, working mostly independently.

Requirements

Typically between 1-2 years of relevant experience
Post-secondary degree in related field of study or an equivalent combination of education and experience.
Knowledge of risk management metrics, KPIs and KRIs.
Knowledge of industry trends and regulatory requirements for risk reporting.
Product knowledge for the designated business/portfolio.
Knowledge of risk management theory, processes and portfolio management reporting techniques.
Knowledge of reporting & analytics concepts and applications.
Knowledge of risk systems technology.
Specialized knowledge from education and/or business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.

Responsibilities

Supports the execution of accurate and efficient reporting solutions for risk, regulatory and management information to internal and external stakeholders including regulatory bodies.
Supports an efficient and effective risk management function which uses common information sources and practices, reduces ongoing costs, increases service level performance and minimizes risk.
Designs, develops, and implements reporting solutions to meet management and regulatory reporting requirements.
Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions.
Executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes.
Supports the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders.
Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio e.g. capital at risk modeling, risk/return assessments, etc.
Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.
Works with various 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.
Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.
Analyzes data and highlights significant information including variances, trends, opportunities and exposures; escalates as required.
Provides information and supports the process for internal and external audits.
Gathers and formats data into regular and ad-hoc reports, and dashboards.
Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Builds effective relationships with internal/external stakeholders.
Supports the maintenance of operational procedures and processes related to analytical and reporting processes.
Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting.
Participates in the design, implementation and management of core business processes to ensure the accuracy of risk data used in reporting.
Organizes work information to ensure accuracy and completeness.
Thinks creatively and proposes new solutions.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.