Senior Manager, Modeling and Analytics

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Seeking a skilled and experienced professional to join our Model Development Team as a Senior Manager Retail Modeling Credit Risk. As a Senior Manager in our modeling for risk management governance and control function you will play a pivotal role in the development of credit risk models with particular emphasis on Retail Allowance (IFRS9/ CECL) and Retail Stress Testing (CCAR/EWST) models. Experience in other credit risk families such as AIRB models credit adjudication and account management models are also relevant. This dynamic position requires a balance of leadership/people manager and individual contributor skills.

Key Role Responsibilities:

• Model Development: You will lead the development of models other estimation approaches and critical tool calculators for estimating and assess the model risk to confirm model appropriateness and capability for a designated portfolio. You are responsible for developing and maintaining strong credit risk models and communicating decisions regarding the models to the business to ensure transparency and understanding of models and model risks.
• Analytics on model results: You will be responsible to analyze and present insights into the model results. These analyses will be used to inform management overlays in the reporting process.
• Stakeholder Engagement: Effective communication is crucial in this role. You will manage relationships with model validation owners and users influencing and advising on model risk-related matters. Your ability to explain complex technical concepts in everyday language will set you apart.
• Project Management: 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.
• Change Management: BMO is at the forefront of innovation in model risk management. You will be part of the team that drives change by embracing new technology platforms tools and operating models. Leads change management programs of varying scope and type including readiness assessments planning stakeholder management execution evaluation and sustainment of initiatives.
• Regulatory Expertise: 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 program / portfolio validation framework.
• Risk Understanding: You will need to connect the dots between technical issues and business considerations.

What we are looking for:

• A minimum of 7 years of experience in model development and/or validation within a financial institution particularly in the credit risk area.
• Experience in credit risk models including Stress Testing Provisioning loss forecasting AIRB and Adjudication/Account Management.
• Proficiency in a programming language such as Python R and SAS (Python is preferred).
• An MBA or MSc or PhD in quantitative fields such as statistics applied mathematics financial mathematics data science actuarial sciences engineering or related fields.
• Certifications: While qualifications like CFA/ FRM are helpful they are not mandatory.
• Proficiency in working with relational databases SQL or Oracle.
• Working with Big data tools and Cloud platforms (AWS/Azure) is a plus.
• A can-do attitude and a research deep-dive mindset.
• Virtual team management experience in various different time zones.

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.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others 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.