Senior Manager-PM Risk Analytics & Reporting

BMO • Chicago, IL

81d • $102,000 - $190,000

About The Position

In this individual contributor role, you will be managing the monthly loss forecasting process, developing and monitoring provisioning methodology, developing and maintaining documentation, and effectively communicating the variance between actual and forecast. Our ideal candidate has prior experience in loss forecasting & provisioning (IFRS9/CECL), retail banking product understanding, and strong statistical modeling experience. 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. Fosters a culture aligned to BMO purpose, values, and strategy and role models BMO values and behaviors in all that they do. Ensures alignment between values and behavior that fosters diversity and inclusion. Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow-through.

Requirements

• Typically 7+ years of relevant experience.
• Post-secondary degree in related field of study or equivalent combination of education and experience.
• In-depth/expert knowledge of risk management metrics, KPIs, and KRIs.
• In-depth/expert knowledge of industry trends and regulatory requirements for risk reporting.
• In-depth/expert product knowledge for the designated business/portfolio.
• In-depth/expert knowledge of risk management theory and processes.
• In-depth/expert knowledge of reporting & analytics concepts and applications.
• In-depth/expert knowledge of risk systems technology.
• Strong verbal and written communication skills.
• Strong analytical and problem-solving skills.
• Strong influence skills.
• Collaboration and team skills with a focus on cross-group collaboration.

Responsibilities

• Manage monthly loss forecasting process.
• Develop and monitor provisioning methodology.
• Develop and maintain documentation.
• Communicate variance between actual and forecast.
• Support execution of accurate and efficient reporting solutions for risk.
• Provide strategic input into business decisions as a trusted advisor.
• Act as a subject matter expert on relevant regulations and policies.
• Design and produce regular and ad-hoc reports and dashboards.
• Lead the development and maintenance of the risk reporting framework.
• Manage resources and lead execution of strategic initiatives.
• Analyze data and provide risk-related insights and recommendations.
• Ensure strong governance and effective controls across risk reporting activities.
• Build effective relationships with internal/external stakeholders.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree