Senior Manager, Model Risk Analytics

Join to apply for the Senior Manager, Model Risk Analytics & Reporting role at BMO. Overview This is a newly created role within the second line of defense, focused on model risk oversight across the bank. The Senior Manager will lead the reporting function for model risk. Responsibilities Regulatory Reporting: Ensuring accurate and timely submission of model risk data to regulators. Executive Risk Reporting: Preparing high-level summaries for the Risk Management Committee, highlighting the status and trends of model risk across the enterprise. Team Oversight: Managing 2-3 offshore resources, though no direct BMO reports. Cross-Functional Collaboration: Working across risk stripes and business units to support the design and implementation of model risk metrics and dashboards. Designing, developing, and implementing reporting solutions and dashboards to meet management and regulatory reporting requirements. Analyzing data and information to generate insights on emerging issues, trends, and opportunities and making recommendations to senior leadership. Supporting the design, monitoring, and measurement of key risk indicators to internal & external stakeholders. Ensuring strong governance and effective controls across model risk reporting activities and information in accordance with enterprise standards. Leading the development and maintenance of the model risk reporting framework. Developing and managing comprehensive information management systems; designing and/or leading initiatives to improve processes, analysis, and reporting. Measuring the effectiveness of the model risk reporting program/strategy and recommending changes as required. Acting as subject matter expert on relevant regulations and policies and representing the model risk reporting function during internal/external regulatory audits and/or examinations. Interpreting internal/external policies and new regulations and assessing impacts to the model risk reporting strategy/program framework. Supporting the development of tools and delivery of training focused on awareness and understanding of key data elements used in model risk reporting. Fostering a culture aligned to BMO’s purpose, values, and strategy, and role modeling BMO values and behaviours in all that they do. Regularly connecting work to BMO's purpose, setting inspirational goals, defining clear expected outcomes, and ensuring clear accountability for follow-through. Ensuring alignment between values and behaviour that fosters diversity and inclusion. Attracting, retaining, and enabling the career development of top talent. Building interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders. Improving team performance, recognizing and rewarding performance, coaching employees, supporting their development, and managing poor performance. Managing resources and leading the execution of strategic initiatives to deliver on business and financial goals. Networking with industry contacts to gain competitive insights and best practices. Executing work to deliver timely, accurate, and efficient service for scheduled reporting production processes. Building effective relationships and acting as the prime subject matter expert for internal/external stakeholders. Working with various data owners to discover and select available data sources to fulfill analytical needs. Supporting the maintenance of operational procedures and processes related to analytical and reporting processes. Participating in the design, implementation, and management of core business processes to ensure the accuracy of risk data used in reporting. Providing information and supporting the process for internal and external audits. Leading change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives. Operating at an enterprise-wide level and serving as a specialist resource to senior leaders and stakeholders. Thinking creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine. Implementing changes in response to shifting trends. Broader work or accountabilities may be assigned as needed. Key Skills & Experience Strong background in risk reporting (model risk preferred, but other risk types acceptable). Experience reporting to senior committees. Proficiency in Python and Power BI (dashboard development support available). Exceptional attention to detail and ability to extract insights from data. Minimum 2-3 years in a Senior Manager capacity or equivalent senior-level experience. Qualifications Typically, 7+ years of relevant experience and post-secondary degree in a related field of study or an equivalent combination of education and experience. In-depth/expert knowledge of risk management metrics, KPIs and KRIs. In-depth/expert knowledge of industry trends and regulatory requirements for model risk reporting. In-depth/expert knowledge and understanding of the model life cycle, model risk management practices. In-depth/expert knowledge & experience with risk policy frameworks; quality control / testing frameworks. In-depth/expert knowledge of reporting & analytics concepts and applications. Data analysis and visualization skills – In-depth / Expert. Data-driven decision-making skills – In-depth / Expert. Verbal & written communication skills – In-depth / Expert. Analytical and problem-solving skills – In-depth / Expert. Influence skills – In-depth / Expert. Collaboration & team skills; with a focus on cross-group collaboration – In-depth / Expert. Able to manage ambiguity. Salary $86,000.00 - $160,000.00 Pay Type Salaried About Us 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. #J-18808-Ljbffr