Senior Manager, Stress Testing Models & Analytics

Application Deadline:

02/01/2024

Address:

111 W Monroe - 115 S LaSalle

Job Family Group:

Data Analytics & Reporting

Are you a seasoned professional in stress testing models with a passion for banking and analytics? BMO is seeking a talented individual to join our expanding team as a Senior Manager, based in Chicago, USA.

About Us:

BMO, a leader in the banking industry, has recently expanded its stress testing capabilities in response to elevated regulatory scrutiny. Our team has grown significantly, and we're on the lookout for a Senior Manager to play a pivotal role in managing stress testing processes and ensuring our models meet the highest standards.

Your Role:

As the Senior Manager, you will report directly to Ivan Zorych, contributing to the success of our stress testing processes and fostering effective communication with federal regulators, business owners, and audit teams. You will navigate the transition from SAS to Python, leveraging your proficiency in both languages. This is not just a technical role; we need someone with a keen eye for presentation, able to articulate results convincingly to a range of stakeholders.

What You'll Bring:

- Expertise: A minimum of 5 years in stress testing, with a focus on banking.

- Technical Proficiency: Practical knowledge of SAS and/or Python, with the flexibility to support models in transition.

- Regulatory Experience: Previous participation in CCAR examinations is a must.

- Communication Skills: Ability to present complex results with clarity and precision.

If you're ready to take on a senior leadership role in stress testing models, apply now! We welcome applicants from banking experts with a proven track record in stress testing, regulatory examinations, and a passion for driving results.

If you’re looking for your next dream job, consider this one in BMO’s ERPM Risk group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.  #ERPMDreamJobs

Undertakes development of quantitative risk modeling methodologies and related strategies with emphasis on the forecasting of stressed losses, determination of key drivers of change, and quantification of overlays where relevant. Conducts all aspects of the model development life cycle for credit stress testing models (wholesale / retail, North / South).  Works closely and productively with business and functional stakeholders across the bank including line-of-business leaders, Senior Credit Officers, senior executives in risk and finance, and stress testing implementation teams in both Canada and the US.  Conducts associated engagements and establishes credibility with model risk management, regulators, and internal audit. Facilitates innovation through the implementation of modeling approaches and process improvements that can be leveraged across the organization and enhances best practices.  Functions in an environment of change effectively and proactively.  Communicates challenging technical material to users from a variety of backgrounds clearly, effectively, and with influence. 

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Acts as a subject matter expert on relevant regulations and policies.

• Oversees the development and delivery of tools and training reporting tools and self-serve analytics by non-analytical end users.

• Influences and negotiates to achieve business objectives.

• Identifies emerging issues and trends to inform decision-making.

• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.

• Conducts independent analysis and assessment to resolve strategic issues.

• Identifies emerging issues and trends to inform decision-making.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Ensures alignment between stakeholders.

• Builds effective relationships with internal/external stakeholders.