Personal & Business Banking Development Program (New Graduate)

BMO•Toronto, ON

1d•CA$56,000 - CA$103,500•Onsite

About The Position

This is a 2-year rotational program designed to accelerate knowledge and personal development by building a solid and in-depth understanding of how BMO's Product, Data & Analytics, Risk, and Collections business segments operate and interact to deliver results. The program aims to innovate and deliver cutting-edge products and solutions in Canadian banking, focusing on product innovation, data & analytics, and superior risk management. Rotations include Product Management (visualizing, developing, and improving products and services), Risk Management (shaping risk appetite and developing lending strategies), Data & Analytics (driving insights and decision-making), and Collections (transforming customer experience through data and analytics). The program is designed for analytically inclined, digitally-savvy individuals motivated by innovation and delivering solutions in Canada. The program's capabilities and culture have been recognized by Forrester, Forbes, and MIT, with Product, Risk, and Data & Analytics being regular topics at leadership discussions.

Requirements

Graduate or Undergraduate degree in Business/Commerce, Data & Analytics, Risk Management, Economics, Engineering, Finance and/or Mathematics
Knowledge and experience in data preparation and data analysis – Strong
Verbal & written communication skills – In-depth.
Collaboration & team skills – In-depth.
Analytical and problem-solving skills, data driven decision making – In-depth.
Influence skills - In-depth.

Nice To Haves

Work experience – including Coop and/or Internship placements – Highly Recommended
Technical proficiency gained through business and work experience – Highly Recommended
Familiar with one or more industry leading data and analytics tool sets including, but not limited to MS Power BI, TIBCO BPM, Spotfire, Tableau, SQL, SAS, R, Python, MATLAB, SPSS – Good.
Building business cases – Good
Researching market trends – Good

Responsibilities

Support development and implementation of product strategies to drive sales of existing banking products, launch new products to market, optimize profitability and improve the customer experience.
Support management of product risks to ensure compliance with legal, regulatory, and risk compliance, and reporting.
Leverage strong analytical, problem-solving and communication skills to contribute value and grow a network across multiple roles and functions in Canadian Personal & Business Banking, including the Data & Analytics Centre of Excellence, Product Management, Risk Management and Collections.
Help plan and deploy data & analytics solutions to improve issue understanding, generate insights and enable high-quality, fact-based decisions that drive better business outcomes.
Support the development and execution of various data & analytics-related strategies and roadmaps, including data quality and data analytics, reporting, business intelligence, modeling and the design and development of decision support tools.
Builds effective relationships with internal/external stakeholders.
Leads/participates in the design, implementation, and management of new analytics & reporting solutions.
Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
Collaborates with internal and external stakeholders to deliver on business objectives.
Analyzes data and information to provide subject-matter insights and recommendations.
Recommends and implements solutions based on analysis of issues and implications for the business.
Designs, develops, and implements innovative analytical solutions.
Designs and produces regular and ad-hoc reports, and dashboards.
Breaks down strategic problems, and analyses data and information to provide subject matter insights and recommendations.
Structures and assembles data into multi-dimensions with various granularities (e.g., demographics, customers, products, transactions).
Monitors and tracks tool performance, user acceptance testing, and addresses any issues.
Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
Builds reports and visualizations to effectively communicate data driven insights to users for a variety of audiences e.g. visualization solutions of data into reports, graphics, dashboards to illustrate facts, trends, and insights.
Supports development and execution of strategic analytics & reporting initiatives in collaboration with internal and external stakeholders.
Documents and maintain operational procedures and processes relating to analytical and reporting processes.
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently on a range of complex tasks, which may include unique situations.
Continuously improves processes to identify issues and deliver optimal customer experience.
Works with partners to develop salesforce training and materials and manages change.
Identifies existing and potential risks and develops risk management controls and processes.
May support the sales team in development of client deals and related presentations.
Develops and maintains relationships with external partners and vendors.
Broader work or accountabilities may be assigned as needed.