Director, US Provisions & Analytics

Application Deadline:

11/22/2024

Address:

320 S Canal Street

Job Family Group:

Audit, Risk & Compliance

In this people leader role, our ideal candidate will have an analytical mindset, in-depth understanding of Consumer & Business Banking products, good accounting/finance knowledge, understanding of US (CECL) & IFRS standards and how risk & loss forecasting 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 ensure that the current and forecasted portfolio performances and loss estimates are within the bank’s risk appetite.

• Provides oversight, monitoring and reporting on expected performance and losses Consumer & Business Banking portfolios.
• Develops and monitors the provisions methodology to ensure it continues to meet BMO’s risk appetite. Co-ordinates with 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.
• Lead quarterly provisioning (PCL) process for the US consumer portfolio: Calculate and prepare quarterly provisions for credit losses and reservations by product type and circulate them for approval, as well ensure different stakeholders are aligned and aware.  
• Communicate trends and key drivers of provision expense to the business partners, heads, and risk executives.  Drive the forecasting and annual provision planning process to determine targets for key risk metrics as PCL, allowances, and Net write-offs.
• Prepare key senior executive presentations and commentary for Senior Credit Committee and other executive reporting, regulatory information and investor information related to trends in provisioning and main drivers in variances compared to historical trends and forecasts. Provide support and commentary on questions from executive management, investor relations, audit, and external regulators (OCC & OSFI).
• Work closely with Collections partners to understand reasons for shift in delinquencies, including forecasts. Build strategic relationships with the business groups and retail risk departments to liaison on new initiatives, local trends, and economic and regulation changes that may affect future provisioning.
• Ensure that the current and forecasted portfolio performances and loss estimates are within the bank’s risk appetite and/or highlight the path to green, as well as underlying reasons for shift in estimates or forecast.
• Assess alternative scenarios to determine potential PCL impact. Develop sensitivity analysis to identify PCL's significant drivers about quality, growth, portfolio mix, macroeconomic factors, and product-specific performance.
• Partner with ERPM General Allowance, modeling and forecasting teams to align on scenario outcomes as well as loss estimates.
• Provide strategic direction to business partners, risk groups and other departments (finance, audit etc.) on key drivers of provisioning levels to influence policy changes and collection efforts at the site level.
• 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.
• Conducts independent analysis and assessment to resolve strategic issues.
• Leads the development and maintenance of the governance system and framework.
• 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 stakeholder