Business and Process Analyst (New or Recent Graduate Opportunity)

BMO•Chicago, IL

1d•Onsite

About The Position

This Business and Process Analyst role is a new or recent graduate opportunity within BMO Financial Group's Data Analytics & Reporting Job Family Group. The position focuses on supporting the execution of accurate and efficient reporting solutions for risk, regulatory, and management information, catering to both internal and external stakeholders, including regulatory bodies. The analyst will contribute to an efficient and effective risk management function by leveraging common information sources and practices, aiming to reduce ongoing costs, enhance service level performance, and minimize risk. Key responsibilities include designing, developing, and implementing reporting solutions to meet management and regulatory requirements, providing guidance on analytical and reporting solutions, and ensuring timely and accurate service for scheduled reporting processes. The role also involves supporting the maintenance and measurement of key risk indicators, analyzing data for risk-related insights and recommendations, and interpreting internal and external policies and regulatory requirements. The analyst will work with various data owners to identify and select appropriate data sources, ensure strong governance and effective controls across risk reporting activities, and analyze data for significant information like variances and trends. Additionally, the position supports internal and external audits, prepares regular and ad-hoc reports and dashboards, and contributes to strategic initiatives. BMO Financial Group is driven by its purpose to "Boldly Grow the Good in business and life," striving to create lasting, positive change for its customers, communities, and employees. As the 8th largest bank in North America, BMO serves over 12 million customers globally with personal and commercial banking, wealth management, and investment services.

Requirements

Typically between 1-2 years of relevant experience and 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.
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.