Manager, Consumer Risk Portfolio Management

BMO•Chicago, IL

6d•$74,000 - $138,000•Onsite

About The Position

The Manager, Portfolio Risk Management is responsible for independent risk oversight and early risk identification across consumer lending portfolios (e.g., Credit Cards, Mortgage/HELOC, Direct Lending, Indirect/RV/Marine, Small Business). This role focuses on: Proactive identification of emerging credit risks, Portfolio analytics and risk segmentation, Oversight of business strategies against risk appetite, and Development of actionable insights to inform senior management and regulatory reporting. The ideal candidate brings strong quantitative skills, deep knowledge of consumer credit risk, and hands-on experience with modern analytics and data tools.

Requirements

3-5+ years of experience in Consumer Credit Risk, Portfolio Management, or Risk Analytics
Experience across one or more products: Credit Cards, Mortgage/HELOC, Auto/RV/Marine, Personal Lending, Small Business
Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or related field
Strong knowledge of: Credit risk metrics (delinquency, roll rates, loss rates, vintage, PD/LGD concepts), Portfolio risk analytics and segmentation techniques, Risk reporting frameworks and KRIs
Hands-on experience with: SQL, SAS, or Python, Data visualization tools (Tableau, Power BI)
Ability to work with large, complex datasets and translate into clear insights
Understanding of: Consumer lending lifecycle and underwriting frameworks
Strong analytical thinking and problem-solving
Ability to identify risks early and escalate effectively
Clear, concise communication of complex risk insights to senior stakeholders
Proven ability to independently own analyses and deliver under tight timelines

Nice To Haves

Advanced degree preferred
Understanding of CECL / IFRS9 concepts
Experience supporting audit or regulatory reviews is a plus

Responsibilities

Monitor portfolio performance to identify emerging credit risks, adverse trends, and concentration exposures
Develop and track key risk indicators (KRIs), early warning indicators, and portfolio triggers
Conduct deep-dive analyses (vintage, segmentation, roll rates, loss drivers, score band performance)
Provide independent challenge to business strategies (growth, underwriting, pricing, line management, collections)
Assess alignment with risk appetite, credit policy, and regulatory expectations
Analyze portfolio data to generate actionable insights on risk/return trade-offs
Support loss forecasting, capital, and stress scenario analysis
Identify drivers of delinquencies, charge-offs, and credit migration
Perform ad-hoc analysis to support senior management, regulators, and business partners
Develop and enhance risk reporting frameworks for management and regulatory stakeholders
Ensure reporting is accurate, timely, and aligned with regulatory standards (e.g., OCC, CECL, Basel where applicable)
Lead preparation of portfolio risk summaries, dashboards, and executive materials
Support internal and external audits/examinations with clear documentation and defensible analytics
Ensure strong data governance, controls, and reconciliation processes
Build and maintain reporting solutions using tools such as: SQL / SAS / Python / R (data extraction and analytics), Tableau / Power BI (dashboarding & visualization), Excel
Partner with data owners to ensure data quality, completeness, and usability
Contribute to automation and efficiency improvements in reporting and analytics workflows
Act as a trusted advisor to business, finance, model risk, and collections teams
Collaborate across functions to ensure consistent risk measurement and reporting
Support strategic initiatives (e.g., new product launches, credit strategy changes, model implementation) from a risk perspective