Vice President, Risk Identification and Emerging Events & Scenarios

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Key Responsibilities:

• Develop and implement a highly efficient consistent and insightful target state credit counterparty market and liquidity & funding risk inventory identification and assessment process across all applicable operating groups LoBs and assessment units by integrating with existing BAU stress forecasting processes by working diligently with our 1st and 2nd LoD partners.

• Develop and implement a highly efficient consistent and insightful process to map existing and proposed emerging risks to above mentioned risk types to understand risk inventory coverage and understanding of new and/or evolving emerging risks.

• Support the development and implementation of a highly efficient consistent and defensible process to map material risks to stress test scenarios

• Support the development and implementation of an efficient and consistent target state integration of material risks with Risk Appetite

• Support the development and implementation of target state integration of machine learning and artificial intelligence into Risk ID & Emerging Risks to improve risk assessments risk indicators and scenarios.

What Were Looking For:

• Strong technical foundation including in but not limited to the following data science statistics quantitative modeling machine learning AI and economics

• Background in risk management credit market and/or liquidity & funding risk is a plus but not mandatory

• Strong communication and relationship building skills

• Approximately 5 years of experience (including graduatelevel work); MBAs or Masters in technical fields

• Passionate proactive and eager to contribute meaningfully

Preferred Qualifications:

• Proficiency in Python R SQL or similar tools used for modeling and analysis

• Proficiency in financial modeling or risk management concepts

• Strong academic background from toptier programs

If youre looking for your next dream job consider this one in BMOs Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprisewide risks working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs

Risk Identification & Assessment (Risk ID) and Emerging Events & Scenarios (EES) are critical foundational elements of BMOs Risk Management Framework and Enterprise Risk Management. Risk ID & EES program is in the early stages of executing an optimized target state roadmap that will transform it to be fully integrated and in harmony with 1st and 2nd LoD BAU processes and reporting to deliver a strongly supported material and emerging risk inventory. Material and emerging risks will be integrated with risk appetite strategic planning and stress testing to deliver efficient consistent and valuable risk reporting to management committees and the Board to guide the overall operations of BMO. As a VP of Risk ID & EES you will have the privilege of being a key member of a highly dedicated team leading this extraordinarily valuable transformation and managing the resulting optimized businessasusual (BAU) target state by delivering structured disciplined diligent and thoughtful leadership and support across many enhancements/efforts including but not limited to the following:

• Credit Risks Develop and implement a highly efficient consistent and insightful target state credit risk inventory identification and assessment process across all applicable operating groups LoBs and assessment units by integrating with existing monthly credit stress loss forecasting processes and working diligently with our 1st and 2nd LoD partners.

• Counterparty Credit Risks Develop and implement a highly efficient consistent and insightful target state counterparty credit risk inventory identification and assessment process with Capital Markets operating group by integrating with existing counterparty stress loss forecasting processes and working diligently with our 1st and 2nd LoD partners.

• Trading & NonTrading Market Risks Develop and implement a highly efficient consistent and insightful target state trading and nontrading market risk inventory identification and assessment process with Capital Markets Wealth Management and Corporate Treasury operating groups by integrating with existing BAU trading marktomarket nontraded market and other stress loss forecasting processes and working diligently with our 1st and 2nd LoD partners.

• Liquidity & Funding Risks Develop and implement a highly efficient consistent and insightful target state liquidity & funding risk inventory identification and assessment process with Corporate Treasury by integrating with existing BAU internal liquidity stress testing and other stress outflow forecasting and working diligently with our 1st and 2nd LoD partners.

• Emerging Risks Develop and implement a highly efficient consistent and insightful process to map existing and proposed emerging risks to above mentioned risk types to understand risk inventory coverage and understanding of new and/or evolving emerging risks.

• Stress Test Scenarios Support the development and implementation of a highly efficient consistent and defensible process to map material risks to stress test scenarios

• Risk Appetite Support the development and implementation of an efficient and consistent target state integration of material risks with Risk Appetite Limits/KRMs/KRIs and Strategic Planning to deliver efficient holistic and insightful risk reporting to management and the Board

• Machine Learning & Artificial Intelligence Support the development and implementation of target state integration of machine learning and artificial intelligence into Risk ID & EES to improve risk assessments risk indicators and scenarios.

• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and nonroutine.

• Implements changes in response to shifting trends.

• 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 BMOs purpose sets inspirational goals defines clear expected outcomes and ensures clear accountability for follow through.

Qualifications:

• Optimally 7 years of relevant risk management data science machine learning artificial intelligence financial modeling economic and/or stress testing experience and degree(s) in related quantitative fields or an equivalent combination of education and experience.

• In depth / Expert knowledge of risk management modeling/forecasting economics and/or stress testing.

• Knowledge of banking products including credit and noncredit experience economics and financial markets.

• Indepth / Expert communication and relationship management skills.

• Indepth / Expert ability to manage multiple priorities with effective planning and organizing skills

• Indepth / Expert verbal & written communication skills

• Indepth / Expert analytical and problem solving skills

• Indepth / Expert influence skills

• Indepth / Expert collaboration & team skills; with a focus on crossgroup collaboration

• Indepth / Expert ability to manage ambiguity.

Salary:

Pay Type:

The above represents BMO Financial Groups pay range and type.

Salaries will vary based on factors such as location skills experience education and qualifications for the role and may include a commission structure. Salaries for parttime roles will be prorated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.

BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performancebased incentives discretionary bonuses as well as other perks and rewards. BMO also offers health insurance tuition reimbursement accident and life insurance and retirement savings plans. To view more details of our benefits please visit: 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. Well support you with the tools and resources you need to reach new milestones as you help our customers reach theirs. From indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.

To find out more visit us at is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race religion color national origin sex (including pregnancy childbirth or related medical conditions) sexual orientation gender identity gender expression transgender status sexual stereotypes age status as a protected veteran status as an individual with a disability or any other legally protected characteristics. We also consider applicants with criminal histories consistent with applicable federal state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an email to and let us know the nature of your request and your contact information.

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.