IASA Career Center

Manager, Consumer Risk Portfolio Management

BMO Harris Bank
Chicago, Illinois, United States (on-site)
2 days ago

Description

Address:
320 S Canal Street

Job Family Group:
Data Analytics & Reporting

Analytics business partner responsible for managing $11B Retail and Wealth Consumer Lending Portfolio spanning Real Estate Secured Lending Products (Mortgage, Home Equity), Unsecured Personal Loans, Investment Asset Secured Lines of Credit, etc.

Leverages SAS, SQL, Power BI (dashboarding) to analyze portfolio performance and generate insights to inform product roadmap.

High visibility role requiring cross functional partnership with functions including Product Management, Finance, Operations, Compliance, Marketing to drive ROI.

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.
    Qualifications:
  • 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.


We’re here to help

At BMO Harris Bank 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 Harris Bank 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.bmoharris.com .

BMO Harris Bank 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 Harris Bank N.A. 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 Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank 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.

Job Information

  • Job ID: 67885035
  • Workplace Type: On-Site
  • Location:
    Chicago, Illinois, United States
  • Company Name For Job: BMO Harris Bank
  • Position Title: Manager, Consumer Risk Portfolio Management
  • Job Function: Other
  • Job Type: Full-Time
Banking / Accounting / Financial
Chicago , Illinois , United States

We are a company inspired by a common Purpose: to Boldly Grow the Good in business and life. Everyone who works here has a role to play in delivering on that Purpose. Every day. It’s an amazing feeling when you know you’re making a customer’s life better, and you can do it at BMO – whether you’re imagining a new product, designing a customer experience, streamlining an application, launching a marketing campaign or just being there in a very human way with the right answer.

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