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About the Role
This role leads the evolution of AIRB BRR/PD, LGD, and EAD models for wholesale credit risk decisions at a leading Canadian bank. Success requires technical depth in wholesale credit risk, Basel/AIRB frameworks, quantitative modelling, and the ability to engage senior executives and regulators. You will operate at the intersection of analytics, regulatory oversight, and business strategy, advancing AI-powered model development practices.
Responsibilities
- Applies mathematical and statistical methods to financial and risk management problems.
- Conducts research and creates tools that use data to develop scenario-based planning.
- Implements complex mathematical models to help the business make better financial decisions.
- Develops pricing and quantitative risk models for an assigned portfolio.
- Monitors risk in strategies and portfolios.
- Conducts research and develops tools that use data to make better financial decisions.
- Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
- Identifies ways of mitigating potential risks; recommends and implements solutions.
- Documents data flow, systems and processes to improve business/group processes.
- Conducts quantitative research in risks across strategies and portfolios.
- Fosters a culture aligned to BMO purpose, values and strategy.
- Ensures alignment between values and behaviour that fosters diversity and inclusion.
- Connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability.
- Builds interdependent teams that collaborate across functional and operating groups.
- 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.
- Operates at a group/enterprise-wide level and serves as a senior specialist resource.
- Influences how teams/groups work together.
- Applies expertise and thinks creatively to address unique or ambiguous situations.
- Communicates abstract concepts in simple terms.
- Fosters strong internal and external networks and works with and across multiple teams.
- Anticipates trends and responds by implementing appropriate changes.
- Takes measured risks while protecting the bank by applying the Risk Management Framework.
Requirements
- Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Seasoned expert with extensive industry knowledge.
- Technical leader viewed as a thought leader for innovation.
Skills
- Regulatory capital and stress testing
- Compliance and regulation
- Machine learning
- Learning Agility
- Model risk management
- Data visualization
- Data wrangling
- Data preprocessing
- Critical thinking
- Driving Results
- Quantitative financial modeling
- Computational thinking and programming
- Verbal & written communication skills
- Analytical and problem solving skills
- Collaboration & team skills; with a focus on cross-group collaboration
- Able to manage ambiguity
- Data driven decision making
Location
- 100 King Street West
Work Type
- Salaried
Experience Level
- 9+ years of relevant experience
Education Level
- Post-secondary degree in related field of study or an equivalent combination of education and experience
Salary/Compensations
- $140,000.00 - $240,000.00
Benefits
- Health insurance
- Tuition reimbursement
- Accident and life insurance
- Retirement savings plans
About the Company
- 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 https://jobs.bmo.com/ca/en.
Equal Opportunity
- 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.
- Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.