Managing Director - Consumer Non-Regulatory Models

Develops advanced analytic solutions and methodologies to support the Bank's Retail and Business Banking credit risk portfolio management and strategies for both US and Canada. This includes developing, testing, monitoring, and maintaining Retail and Business Banking credit models for Adjudication, Account Management, Impaired Provisioning, Collections, Business models (as required), and working with the Credit Risk team and Business Lines to leverage the insights from these models for Risk Management within the bank's approved risk appetite, support strategies and analytics that enhance business growth, and enhanced Automated Decisioning and optimized Risk-Return and Portfolio Management.

Accountabilities :

• Plays a key role interacting and building relationship with internal and external stakeholders and regulators (as needed) in terms of model use, risk control and model risk management. Manages end to end model life cycle of Decision Science Risk models, approving these models and model changes for implementation and use. Ensures the models are integrated into the underlying data and infrastructure seamlessly through time and business / system changes. Interacts with and influences their team, colleagues, and co-workers to develop and implement Retail and Business Banking credit models for Adjudication, Account Management, Impaired Provisioning, Collections, Business models (as required) and tools designed to effectively measure business performance and optimize the risk-return trade-off.
• Attracts, builds, and manages (including performance management, compensation, recruiting, mentoring, training, coaching, and career management) a talented and industry leading team of risk professionals with expertise in the highly specialized and quantitative disciplines, including but not limited to credit assessment, account management, risk-return optimization, loss forecasting, financial / statistical modelling, machine learning and automation.
• Effectively mentors fellow team members and work closely with business partners in the development, communication, and on-going monitoring and review of Retail and Business Banking risk analytics and strategies, loss estimation and collections methodologies, etc.
• Communicates complex risk methodology and analytic concepts effectively with senior level executive, Model Risk, internal and external audit and regulators, as well as team members and business managers.
• Develops, communicates, and integrates risk analytics, risk appetite, and risk-return trade-off into all models, for all aspects of the business for Retail and Business Banking.
• Maintains up to date knowledge of advanced analytic methodologies and develops creative analysis, directions, and methods to improve Retail and Business Banking portfolio performance.
• Pro-actively explores and recommends opportunities to extend the scope and applicability of statistical models or analysis as well as developing new models and advanced analytic solutions to support value added for Retail and Business Banking.
• Develops, communicates, implements, reviews, monitors, and reports on Retail and Business Banking credit models for Adjudication, Account Management, Impaired Provisioning, Collections, Business models (as required), including but not limited to ongoing model monitoring, annual reviews / revalidation, and regulatory reporting (as required).
• Respond and address Validation, Audit and / or regulatory findings and proactively adjust models to changing portfolios and economic conditions.
• Integrates Risk-Adjusted Performance Measurement.
• Supports ongoing business initiatives such as portfolio acquisition by providing modeling solutions for the acquired portfolios, or in the case of a portfolio sale, providing impact assessment for the remaining exposures in the portfolio.
• Provides modeling requirements for new systems and systems' conversions.
• Adapts models to changing business needs and portfolios strategy.
• Conducts impact assessments due to portfolio and model changes.
• Plays a key role in supporting the Model Development Repository (MDR) platform and Model Acceleration Platform (MAP).
• Drives change and transformation - simplification and automation - for efficiency and effectiveness while ensuring strong governance and controls remain in place.
• Within the mandate of this role, promotes and supports the Bank's risk culture including ensuring employees understand their accountabilities for risk-taking activities, promoting an environment of open communication and effective challenge, and establishing the "tone from the top" through leading by example.
• Complies with the Bank's Risk Appetite framework and ensures risk-taking activities remain within agreed limits and comply with all regulatory requirements.
• Role models driving simplicity and productivity enhancements for optimization across groups driving continuous improvement on key measures.
• Activates our winning culture, aligned with Purpose. Ignites engagement by aligning our culture to our strategy and fueling exceptional execution.
• Fosters diversity, equity and inclusion and creates an inclusive environment for all employees by eliminating barriers to inclusion.
• Develops leaders, plans for succession, and fosters a high-performance culture.
• Drives top talent acquisition and retention, developing organizational capabilities to drive competitive advantage.
• Leads and mentors a team of senior executives with diverse risk and business experience, skills, and orientation.
• Leads, promotes, and reinforces the Bank's customer focus to support our vision.
• Personally, role models customer focus.
• Drives sustainable improvements in customer loyalty and business growth.
• Adheres and supports enterprise customer experience and brand standards.

Qualifications :

BMO 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 e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

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