Director, Provisions & Analytics
Company: Bank of Montreal
Location: Chicago
Posted on: April 22, 2024
Job Description:
Director, Provisions & Analytics page is loaded Director,
Provisions & Analytics Apply locations Chicago, IL, USA time type
Full time posted on Posted Yesterday job requisition id R240008680
Application Deadline: 04/21/2024Address:320 S Canal StreetJob
Family Group:Audit, Risk & ComplianceIn this people leader role,
our ideal candidate will have an analytical mindset, understand US
regulations and how risk models work. Experience leading quarterly
provisioning process, demonstrate ability communicate highly
technical information in a digestible way for non-technical
stakeholders. Prepare key senior executive presentations, partner
closely with key groups and e nsure that the current and forecasted
portfolio performances and loss estimates are within the bank's
risk appetite. Provides oversight, monitoring and reporting on
credit risk for a designated portfolio. Develops and monitors the
credit risk management framework that includes the governance
framework & practices leveraged across BMO to manage credit risks.
Provides policies & standards, methodologies and controls that
increase transparency, accuracy and consistency across groups.
Works with stakeholders to implement the methodology, metrics and
program standards for the assigned portfolio to ensure compliance
and identification of action plans.
- 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 senior leaders for making business
decisions and implementing strategic initiatives.
- Develops an expert understanding of business/group
challenges.
- Networks with industry contacts to gather competitive insights
and best practices.
- Recommends measures to improve organizational
effectiveness.
- May consult to or serve on various committees and task
forces.
- Interprets new regulations and assesses impacts to the
governance 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 governance system and
framework; recommends changes as required.
- Conducts independent analysis and assessment to resolve
strategic issues.
- Leads the development and maintenance of the governance system
and framework.
- Acts as the prime contact for internal/external stakeholder
relationships, which may include regulators.
- Ensures alignment between stakeholders.
- Represents the risk program / governance structure during
internal/external regulatory audits and/or examinations.
- 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.
- Defines business requirements for analytics & reporting to
ensure data insights inform business decision making.
- Breaks down strategic problems, and analyses data and
information to provide insights and recommendations.
- Leads change management programs of varying scope and type,
including readiness assessments, planning, stakeholder management,
execution, evaluation and sustainment of initiatives.
- Leads the development of the communication strategy focusing on
positively influencing or changing behaviour.
- Collaborates across BMO to develop communications strategies
and ensure consistency of messaging, in order to positively
influence or change behaviour.
- Assesses and adapts existing operational programs; develops new
capabilities to ensure ongoing success.
- Leads the execution of operational programs; assesses and
adapts as needed to ensure quality of execution.
- Manages the review and sign-off process for relevant regulatory
reporting.
- Leads and integrates the monitoring, measurement & reporting on
the status of the credit risk governance program to internal &
external stakeholders.
- Leads the management of governance meetings and maintenance of
governing body mandates, oversight and approval guidelines.
- May provide specialized support for other internal and external
regulatory requirements.
- Provides input into the planning and implementation of ongoing
operational programs in support of the credit risk framework.
- Leads the design, implementation and management of core
business/group processes.
- Identifies, develops and administers credit risk control
framework activities for adherence to all policies, procedures and
established processes; documents and reports results of independent
risk assessments on an individual and portfolio basis.
- Identifies where corrective actions are required and escalates
per guidelines; ensures corrective action is taken as
necessary.
- Provides advice and guidance to assigned business/group on
implementation of the risk framework, including effective
challenge.
- Coordinates and participates in the execution of
oversight/governance activities including reporting; assessment of
education & training needs, development/delivery of training;
development and execution of regulatory administration processes &
procedures.
- Consults with stakeholders to improve consistency and
transparency of risk measurement, metrics and reporting.
- Supports the development and maintenance of the governance
system and framework including supporting policy/standard/operating
procedures lifecycle management, education and training
assessments.
- Develops and maintains in-depth knowledge of business and
related risk management requirements and legislative/ regulatory
directives and guidance.
- Builds effective relationships with internal/external
stakeholders.
- Analyzes data and information to provide insights and
recommendations. E.g. risk trends in key sectors, geographies or
LOBs.
- Monitors and tracks performance; addresses any issues.
- Coordinates and monitors the review and sign-off of regulatory
reporting and attestations.
- Operates at a group/enterprise-wide level and serves as a
senior specialist resource across BMO.
- Influences how teams/groups work together.
- Applies expertise and thinks creatively to address unique or
ambiguous situations and to find solutions to multiple,
interdependent, complex problems.
- Communicates abstract concepts in simple terms.
- Fosters strong internal and external networks and works with
and across multiple teams to achieve business objectives.
- Anticipates trends and responds by implementing appropriate
changes.
- Broader work or accountabilities may be assigned as
needed.Qualifications:
- Typically 9+ years of relevant experience and post-secondary
degree in related field of study or an equivalent combination of
education and experience.
- Expert knowledge and understanding of the credit risk
management practices.
- Expert of regulatory requirements and legal documentation.
- Expert knowledge & experience with risk policy frameworks;
quality control / testing frameworks.
- Seasoned expert with extensive industry knowledge.
- Technical leader viewed as a thought leader for
innovation.
- Verbal & written communication skills - Expert.
- Analytical and problem solving skills - Expert.
- Influence skills - Expert.
- Collaboration & team skills; with a focus on cross-group
collaboration - Expert.
- Able to manage ambiguity.
- Data driven decision making - Expert.Compensation and
Benefits:$128,000.00 - $238,000.00Pay Type:SalariedThe above
represents BMO Financial Group's 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 Group's
expected target for the first year in this position.BMO Financial
Group's 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: -
https://jobs.bmo.com/global/en/Total-Rewards We're here to helpAt
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. About UsBMO is a leading bank driven by
a single purpose: to Boldly Grow the Good in business and life.
Everywhere we do business, we're focused on building, investing and
transforming how we work to drive performance and continue growing
the good.Who we areWe're proud to be fueling growth and expanding
possibilities for individuals, families and businesses. More than
12 million customers count on us for personal and commercial
banking, wealth management and investment services. As the 8th
largest bank in North America by assets, we provide personal and
commercial banking, wealth management and investment services to
more than 12 million customers. In Canada, the United States and
across the globe, we'll continue to build, invest and transform to
drive performance that serves the good that grows.
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Keywords: Bank of Montreal, Naperville , Director, Provisions & Analytics, Executive , Chicago, Illinois
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