Senior Manager, Provisioning Methodology & Insights
Senior Manager, Provisioning Methodology & Insights
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Job Description
Application Deadline:
Address:
33 Dundas Street WestJob Family Group:
Sr. Manager Provisioning Methodology & Insights
We are transforming the way North American Retail Risk approaches loss forecasting and provisioning. AsSr. Manager Provisioning Methodology & Insights you will leverage57 years of experiencein credit risk modeling and analytics to lead the development and implementation of advanced models focused onaged defaultsandinsolvency directly supportingPCL (Provision for Credit Losses) calculationsand enablingearly signing insights for the Credit Strategy Team.
Key Responsibilities:
- Model Development & Forecasting
- Design and implement advanced statistical and machine learning models to forecastaged defaultsandinsolvency lossesacross retail portfolios (e.g. cards mortgages small business banking).
- Refine and operationalize provisioning methodologies to align with evolving regulatory and strategic requirements.
- Develop scenario-based insolvency /aged models to support readiness for financial disaster recovery planning.
- Performance Metrics & Feature Analysis
- Create and maintain performance metrics to monitor model accuracy stability and business impact.
- Conduct feature importance analysis to identify early indicators of default and insolvency enabling proactive risk mitigation to minimize future loss.
- Collaborate with the Credit strategy team to translate analytical insights into actionable strategies.
- Risk Insights & Portfolio Monitoring
- Monitor risk transformation across segments to detect early warning signals for aged defaults and insolvency.
- Develop tools and dashboards to visualize risk trends and support decision-making.
- Apply deep knowledge of risk assessment and controls to design metrics that minimize PCL exposure.
- Documentation & Governance
- Document model development processes assumptions and validation results to ensure transparency and audit readiness.
- Partner with modeling and finance teams to ensure alignment with enterprise-wide risk and finance strategies.
- Leadership & Collaboration
- Champion a collaborative agile working culture across cross-functional teams.
- Mentor junior analysts and contribute to a high-performance modeling environment.
Qualifications:
- Technical Skills
- Proficiency inSASPythonMAP andSparkfor big data processing.
- Strong foundation intraditional statisticsandadvanced machine learningtechniques.
- Experience building and validating credit risk models (PD LGD EAD) and loss forecasting tools.
- Analytical & Communication Skills
- Strong analytical thinking with the ability to translate complex data into actionable insights.
- Excellent verbal and written communication skills with a focus on cross-group collaboration.
- Strategic Mindset
- Proven ability to drive innovation in risk modeling and provisioning methodologies.
- Experience working in fast-paced environments with evolving priorities.
- Domain Knowledge
- Familiarity with Retail Banking Products and the customer behaviours that surround them
- Familiarity with the credit management landscape and how strategies get formulated
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 part-time roles will be pro-rated 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 performance-based 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 in-depth training and coaching to manager support and network-building opportunities well help you gain valuable experience and broaden your skillset.
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.
Required Experience:
Senior Manager
Employment Type
Full-Time
