Director, Impaired Loan Initiatives
BMOAbout the role
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320 S Canal StreetJob Family Group:
Data Analytics & ReportingSupports the execution of accurate and efficient reporting solutions for risk, regulatory and management information to internal and external stakeholders including regulatory bodies, specifically focused on the impaired loan ecosystem. 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.
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 risk reporting strategy/program 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 reporting program/strategy; recommends changes as required.
Conducts independent analysis and assessment to resolve strategic issues.
Leads the development and maintenance of the risk reporting framework.
Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
Represents the risk reporting function during internal/external regulatory audits and/or examinations.
Ensures alignment between stakeholders.
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.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
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.
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, working with finance in the interpretation and application of accounting policies.
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 develop
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