320 S Canal Street
Job Family Group:
Data Analytics & Reporting
Are you ready to take on a dynamic role as a Consumer Risk Portfolio Manager, overseeing a $20B residential Mortgage and Home Equity portfolio? If you're passionate about real estate lending, have a knack for data analysis, and thrive in a collaborative environment, we want you to join our team!
As the Consumer Risk Portfolio Manager, you'll play a pivotal role in shaping our lending policy based on Risk Appetite, regulatory requirements, market trends, and their downstream impact on our portfolio. You'll source and analyze data from various internal and external sources to quantify the impact of policy changes on new volume, delinquency rates, and credit loss. Using data tools like SAS, SQL, Power BI, and Excel, you'll delve deep into portfolio performance, extracting insights that will inform our product roadmap and policy actions. Your financial modeling expertise will be put to good use as you optimize risk and return on assigned portfolios.
This is a high-visibility role that requires cross-functional collaboration with teams including Product Management, Finance, Operations, Compliance, and Marketing. You'll have the opportunity to influence decision-making at the executive level by creating and presenting key takeaways from business and policy initiatives. If you're a talented and motivated individual with a passion for real estate lending, data analysis, and policy shaping, we want you on our team.
What we are looking for in an ideal candidate:
Lending Expertise: We're looking for candidates with experience in Lending Product Management and/or Underwriting. If you've worked in secondary marketing and have a deep understanding of real estate lending regulations and practices, you're a perfect fit.
Mortgage Knowledge: Understanding agency and regulator bulletins, as well as how macro trends impact customer behavior in the mortgage industry, is crucial.
Competency/SME Areas: Knowledge of the competitive landscape, lending limits, FICO/LTV/Reserves, PMI, Relationship Pricing, Total Customer Value, and behavioral segmentation is highly desirable. Experience with static pools and data curves is a plus.
Data Proficiency: Are you a whiz with SAS, SQL, or Excel? We need someone who can crunch numbers, analyze data, and build financial models. Experience with NPV, discounted cash flows, and P&L analysis is a plus.
Presentation Skills: Strong communication skills are essential. You should excel in creating and delivering presentations that convey key insights from business and policy initiatives.
If you’re looking for your next dream job, consider this one in BMO’s ERPM Risk 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
Supports the execution of accurate and efficient reporting solutions for risk, regulatory and management information to internal and external stakeholders including regulatory bodies. Supports an efficient and effective risk management function which uses common information sources and practices, reduces ongoing costs, increases service level performance and minimizes risk.
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 BMO's 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.
Acts as a trusted advisor to assigned business/group.
Influences and negotiates to achieve business objectives.
Recommends and implements solutions based on analysis of issues and implications for the business.
Assists in the development of strategic plans.
Identifies emerging issues and trends to inform decision-making.
Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
Helps determine business priorities and best sequence for execution of business/group strategy.
Conducts independent analysis and assessment to resolve strategic issues.
Leads the development and maintenance of the risk reporting framework.
Represents the risk reporting function during internal/external regulatory audits and/or examinations
Ensures alignment between stakeholders.
Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.
Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
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.
Organizes work information to ensure accuracy and completeness.
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and regularly handles non-routine situations.
Broader work or accountabilities may be assigned as needed.
Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
In-depth knowledge of risk management metrics, KPIs and KRIs.
In-depth knowledge of industry trends and regulatory requirements for risk reporting.
In-depth product knowledge for the designated business/portfolio.
In-depth knowledge of risk management theory, processes and portfolio management reporting techniques.
In-depth knowledge of reporting & analytics concepts and applications.
In-depth knowledge of risk systems technology.
Deep knowledge and technical proficiency gained through extensive education and business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.
Compensation and Benefits:
$72,500.00 - $103,500.00
The base salary represents BMO Financial Group’s hiring range for this position. Actual salaries will vary and will be based on various factors, such as location, skills, experience, and qualification for the role. Salaries for part-time roles will be pro-rated based on number of hours regularly worked.
Base salary is one component of BMO Financial Group’s total compensation package for employees, which may include performance-based incentives, commissions or 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: www.bmousbenefits.com.
We’re here to help
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 http://jobs.bmo.com/us/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. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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.