Senior Manager Model Risk Reporting & Analytics

Address:

The Model Risk Reporting and Analytics role is responsible for designing producing and enhancing enterprise-level reporting and analytical insights that support effective oversight of model risk across the organization. This role partners closely with Model Validation Model Owners Regulatory Compliance and senior leadership to provide clear accurate and actionable reporting on model inventories risk metrics validation performance issues and emerging trends.

Key Responsibilities

• Develop enhance and maintain Model Risk Management (MRM) reports dashboards and KPI/KRI suites for senior management governance committees and regulatory bodies.

• Perform analytics on model risk data to identify patterns emerging risks gaps and opportunities for process improvement.

• Lead the design and automation of reporting pipelines using tools such as Python SQL Tableau/Power BI and model risk platforms.

• Partner with stakeholders to ensure data accuracy completeness and consistency across model inventory validation results performance monitoring and issue management datasets.

• Support regulatory exams and internal audits by preparing reporting packages and clearly articulating model risk insights methodologies and governance processes.

• Contribute to the enhancement of the enterprise model risk taxonomy metrics definitions and data governance standards.

• Provide analytic support to Model Risk leadership including deep dives adhoc analyses scenario analysis and thematic reviews.

• Develop documentation process maps and reporting standards to ensure transparency repeatability and auditability of reporting.

• Support strategic initiatives such as system migrations automation model risk system enhancements and regulatory-driven changes.

• Collaborate with cross-functional teams to ensure alignment with Model Risk policies regulatory expectations (SR 117 OSFI E23) and internal risk appetite.

Key Qualifications

• Bachelors or Masters degree in Finance Data Science Statistics Economics Engineering or related discipline.

• Typically 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Strong analytical ability with experience manipulating large datasets and performing structured quantitative analysis.

• Proficiency with analytical tools (Python SQL R) visualization platforms (Tableau Power BI) and enterprise data environments.

• Knowledge of model risk regulatory guidance (e.g. SR 117 OSFI E23) and understanding of model development/validation concepts.

• Excellent communication skills with the ability to translate technical information into seniorlevel insights.

• Strong attention to detail data quality and ability to manage multiple priorities in a fastpaced environment.

• In-depth/expert knowledge of risk management metrics KPIs and KRIs.

• In-depth/expert knowledge of risk management theory processes and portfolio management reporting techniques.

• In-depth/expert knowledge of reporting & analytics concepts and applications.

• Experience with model lifecycle platforms or GRC tools is an asset.

Key Competencies

• Data storytelling and visualization

• Problem solving and critical thinking

• Stakeholder management and collaboration

• Process improvement and automation mindset

• Governance and controls orientation

• Ability to work independently and drive initiatives from concept to delivery

Location:

This position is located in Toronto and offers a hybrid work model with 3 days in the office

If youre looking for your next dream job consider this one in BMOs Enterprise Risk & Portfolio Management 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. #ERPMDreamJobs

The accountabilities for this role include:

• 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.

• 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.

• 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 reporting strategy/program 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 reporting program/strategy; recommends changes as required.

• Conducts independent analysis and assessment to resolve strategic issues.

• Leads the development and maintenance of the risk reporting framework.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Represents the risk reporting 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.

• 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.

• May provide specialized support for other internal and external regulatory requirements.

• Provides input into the planning and implementation of ongoing operational programs in support risk reporting management framework.

• Leads/participates in the design implementation and management of core business/group processes.

• Designs develops and implements reporting solutions to meet management and regulatory reporting requirements.

• Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions.

• Executes work to deliver timely accurate and efficient service for scheduled reporting production processes.

• Supports the maintenance monitoring and measurement of key risk indicators to internal & external stakeholders.

• Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio e.g. capital at risk modeling risk/return assessments etc.

• Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.

• Works with various 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.

• Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.

• Analyzes data and highlights significant information including variances trends opportunities and exposures; escalates as required.

• Provides information and supports the process for internal and external audits.

• Gathers and formats data into regular and ad-hoc reports and dashboards.

• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.

• Builds effective relationships with internal/external stakeholders.

• Supports the maintenance of operational procedures and processes related to analytical and reporting processes.

• Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting.

• Participates in the design implementation and management of core business processes to ensure the accuracy of risk data used in reporting.

• 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.

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.