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Senior Manager, Business Banking Credit Strategies & Risk Analytics - R250010141 Toronto

BMO Bank of Montreal

Toronto, Ontario

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  Save this job      2025-05-28

Senior Manager, Business Banking Credit Strategies & Risk Analytics - R250010141 Toronto

BMO Bank of Montreal

Toronto, Ontario

 

Salary: $84,000.00 - $156,000.00

 

Country: Canada

 

Application Deadline:

The Senior Manager, Business Banking Credit Strategies & Risk Analytics supports the Business Banking teams by driving quality, fact-based decisions to achieve business objectives and optimize returns from the risks it takes.  She/He uses analytical solutions and a deep understanding of the business to help set risk appetite, design sophisticated decision support tools, inform business initiatives, monitor business performance and identify issues and opportunities.

The role has four primary areas of accountability which are described in more detail below. Across all of these areas, he/she acts as a trusted advisor to the business, providing specialized consulting, analytical and technical support.  This includes managing key stakeholder relationships and working with them to identify business objectives and requirements, conducting effective analysis to support decisions, presenting findings and recommendations in a simple, clear way to drive action and ensuring alignment across stakeholders.  While this role focuses on Business Banking across North America, it may also work on broader enterprise-wide initiatives.

Develop risk strategies and decision support tools

• Deeply understand Business Banking’s priorities, credit risk policies, risk appetite and risk/return dynamics, including the drivers of risk and profitability.  Act as a subject matter expert in these areas.
• Develop and maintain risk strategies and decision support tools using analytics, predictive modelling and business rules to optimize decisions and productivity.  Includes Automated Lending Decisions for new loan requests and account management strategies for existing customers.
• Guide other team members to develop and maintain credit risk strategies
• Support implementation of new or modified risk strategies and decision support tools with simulation, validation testing and reporting requirements to evaluate their effectiveness
• Lead/participate in the design, development, implementation and management of core business/group processes that leverage these decision support tools

Identify portfolio issues and opportunities through effective portfolio monitoring

• Develop and implement portfolio performance monitoring framework, including required reporting, to understand and communicate overall and segment level portfolio performance
• Develop and implement monitoring framework to regularly assess performance of risk strategies and decision support tools
• Consult with stakeholders to continuously improve consistency and transparency of risk measurement, metrics and reporting
• Regularly review available reporting, attend industry events and conduct ad-hoc analysis to proactively identify emerging issues, trends and opportunities
• Synthesize findings and make recommendations to address issues, improve portfolio performance and/or capture opportunities
• Represent the decision strategy function during internal/external regulatory audits and/or examinations and produce reporting and documentation as requested

Inform business initiatives and decisions

• Conduct independent analysis and assessment to resolve strategic risk issues and recommend solutions
• Conduct risk and profitability analysis to inform line of business priorities and roadmap
• Answer key questions and generate insights with data/analysis to inform business and risk initiatives
• Provide input for ongoing operational programs and analytical approaches to manage risk

Drive innovation and ensure data quality

• Work with internal and external stakeholders to understand the capabilities of risk models and core risk systems to ensure effectiveness of risk decision strategies
• Work with data owners to discover and select available data sources from internal sources and external vendors to fulfill analytical needs
• Devise innovative solutions to enable BMO to better optimize Risk-Reward.
• Research existing/emerging risk management best practices and recommend enhancements
• Coordinate the management of databases; ensure alignment and integration of data in adherence with data governance standards and identify any data issues

____________________________________________________________________________________

KNOWLEDGE AND SKILLS

• Typically 7+ years of banking or insurance experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Advanced experience (4+ years) building automated credit strategies and building/monitoring a portfolio.
• In-depth financial, quantitative and analytical skills are a must for this role
• In-depth knowledge of risk management theory, processes and portfolio management reporting techniques.
• In-depth knowledge of modelling & analytics concepts and applications.
• In-depth knowledge of risk systems technology preferred
• In-depth product knowledge for Business Banking is an asset.
• BMO organizational knowledge is an asset
• Expertise in regulatory requirements is an asset
• Strong skills in statistics/mathematics including Multivariate Statistics, Regression, Decision Trees and Forecasting

• In depth expertise with key technologies including SAS, SAS EM, SQL, Knowledge Studio, Python, Microsoft Products
• Proven ability to apply expertise and creativity to solve complex problems and manage ambiguity
• Excellent communication skills (oral and written)
• Proven ability to build and manage strong relationships within Risk, the Business and external partners
• Proven ability to influence without authority, build alignment and drive change
• Team-oriented, collaborative and flexible
• Strong time management and project management skills

Broader Responsibilities Include:

Develops and maintains risk decision-support strategies using analytical solutions to enable high-quality, fact-based decisions for a designated risk portfolio. Supports the development of the strategy and roadmap for data quality, data analytics, data modeling, reporting, business intelligence, and the design and development of sophisticated decision support tools.

• Provides strategic input into business decisions as a trusted advisor.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Interprets new regulations and assesses impacts to the risk strategy framework.
• Influences and negotiates to achieve business objectives.
• Identifies emerging issues and trends to inform decision-making.
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
• Measures the effectiveness of risk decision strategy management framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Leads the development and maintenance of the risk strategy management framework.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Represents the decision strategy function during internal/external regulatory audits and/or examinations.
• Ensures alignment between stakeholders.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Leads and integrates the monitoring, measurement & reporting on the status of the risk decision strategy performance to internal & external stakeholders.
• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
• May provide specialized support for other internal and external regulatory requirements.
• Leads in the design, implementation and management of core business/group processes.
• Develops and maintains risk strategies using analytics, predictive modelling and business rules to optimize decisions and productivity.
• Supports the planning and execution of the change management process including simulation, validation testing and reporting requirements to evaluate the effectiveness of the new or modified strategies.
• Provides advice and guidance to assigned business/group on implementation of analytical solutions.
• Develops and maintains in-depth knowledge of business product strategies and related risk management requirements and legislative/ regulatory directives.
• Works with stakeholders to identify the business requirements, understand the profitability structure, the risk / return assessment and the expected outcomes.
• Works with 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.
• Works with internal and external stakeholders to understand the capabilities of risk models and core risk systems to ensure effectiveness of risk decision strategies.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Summarizes statistical findings and draws conclusions and presents actionable business recommendations.
• Presents findings & recommendations in a simple, clear way to drive action.
• Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
• Monitors and tracks performance; addresses any issues.
• 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.

  Qualifications:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth / expert product knowledge for the designated business / portfolio.
• In-depth / expert knowledge of risk management theory, processes and portfolio management reporting techniques.
• In-depth / expert knowledge of modelling & analytics concepts and applications.
• In-depth / expert knowledge of risk systems technology.
• In-depth / expert knowledge of regulatory requirements.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

About BMO Bank of Montreal

Careers for service members, veterans and their families

We’re proud to be the official bank of the Canadian Defence Community – and that goes beyond supporting your financial well-being. We value the skills you’ve earned in the military, and we’re here to help as you move into the next stage of your professional life.

BMO is a Poppy Campaign partner and invests over $265k per year in 3+ signature sponsorship properties, including the Canada Army Run, the Navy Bike Ride, and the RCAF Run.

• Next February, BMO will proudly support Veterans as an official Gold Sponsor of the Invictus Games – Vancouver Whistler 2025 which will welcome more than 500 competitors from 25 nations to experience the first ever Winter Games in Invictus Games history. The Games will also raise awareness of Indigenous CAF members and highlight the extraordinary service of Indigenous Veterans dating back over 200 years.
• We have committed over $2.25 million in major gifts in recent past, including pledges to Homes for Heroes and Canada Company.

At BMO, you’ll have the opportunity to use your commitment, discipline, and dedication to teamwork to make a difference. Come and grow your career with us.