Senior Manager, Wholesale Credit Methodology

BMO•Toronto, ON

5d•CA$103,200 - CA$192,000•Onsite

About The Position

As the Senior Manager, Wholesale Credit Methodology, you will play a crucial role in shaping the credit risk models that quantify and manage the risks associated with BMO's corporate customers—representing over 70% of the bank's total exposure. In this role, you will leverage your expertise to develop and enhance complex credit risk models, ensuring they align with regulatory requirements and withstand scrutiny from both internal and external stakeholders. Your work will be instrumental in adapting these models to new business environments and obtaining regulatory approval, offering you a rare opportunity to make a significant mark on the industry. If you’re looking for your next dream job, consider this one in BMO’s ERPM Risk group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.

Requirements

Intermediate level of proficiency: Regulatory capital and stress testing.
Intermediate level of proficiency: Compliance and regulation.
Intermediate level of proficiency: Machine learning.
Intermediate level of proficiency: Learning Agility.
Intermediate level of proficiency: Systems Thinking.
Advanced level of proficiency: Model risk management.
Advanced level of proficiency: Data visualization.
Advanced level of proficiency: Data wrangling.
Advanced level of proficiency: Data preprocessing.
Advanced level of proficiency: Critical thinking.
Advanced level of proficiency: Driving Results.
Advanced level of proficiency: Quantitative financial modeling.
Advanced level of proficiency: Computational thinking and programming.
Advanced level of proficiency: Verbal & written communication skills.
Advanced level of proficiency: Analytical and problem solving skills.
Advanced level of proficiency: Collaboration & team skills; with a focus on cross-group collaboration.
Able to manage ambiguity.
Data driven decision making.
Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Seasoned professional with a combination of education, experience and industry knowledge.

Responsibilities

Applies mathematical and statistical methods to financial and risk management problems (e.g. internal controls; enterprise-wide stress testing and scenario analysis; capital modelling; valuations).
Through quantitative analytical modelling, identifies important factors to consider for financial disaster and recovery plans.
Conducts research and creates tools that use data to develop scenario-based planning and implements complex mathematical models to help the business make better financial and financial decisions (e.g. investments, pricing, etc.), drive innovation and minimize the impact of uncertainty.
Develops pricing and quantitative risk models for an assigned portfolio e.g. fixed income, corporate credit and loans.
Monitors risk in strategies and portfolios alongside project managers or functional leads.
Conducts research and develops tools that use data to make better financial decisions; such as: investments, pricing, etc.
Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.
Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.
Conducts quantitative research in risks across strategies and portfolios.
Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
Ensures alignment between values and behaviour 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.
Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
Attracts, retains, and enables the career development of top talent.
Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.
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.