Director, Credit Strategy Optimization and

2 weeks ago

Toronto, Canada BMO Financial Group Full time

33 Dundas Street West Toronto Ontario,M5G 3C2

In this role you will be responsible for optimizing credit risk strategies across retail and business banking including balancing risk and reward, analyzing trends, developing/implementing innovative solutions, and managing stakeholders. In conjunction to managing risk appetite, this role will also support/enable business targets for new account acquisition, retention while ensuring appropriate risk mitigation strategies are in place to maintain overall portfolio quality.
- Develops and maintains risk decision-support strategies using analytical solutions to enable high-quality, fact-based decisions for a designated risk portfolio.
- Supports the development of the strategy and roadmap for data quality, data analytics, data modeling, reporting, business intelligence, and the design and development of sophisticated decision support tools.
- Lead a team that is responsible for performing portfolio and strategy analysis using advanced methods and tools to gain insights, identify opportunities, understand trends and determine strategy effectiveness.
- Lead end-to-end stakeholdering with local senior management in Group Risk Management, Products, Operations and other areas to obtain approval of credit strategies with concise rationale supported by comprehensive analysis and documentation, and to understand and propose new strategies designed to help achieve business targets.
- Manage the risk/reward criteria for ongoing strategies (new account acquisition, limit increase, etc.)
- Recommend opportunities and drive initiatives that will enhance portfolio performance or improve existing processes.
- Provide input and support for major changes &/or upgrades to the decisioning infrastructure that will enhance credit scoring capability and the rapid deployment of sophisticated credit strategies.

Additional Responsibilities:

- 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.
- 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 strategy 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 decision strategy management framework; recommends changes as required.
- Conducts independent analysis and assessment to resolve strategic issues.
- Leads the development and maintenance of the risk strategy management framework.
- Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
- Represents the decision strategy 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.
- Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
- Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
- 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.
- Leads and integrates the monitoring, measurement & reporting on the status of the risk decision strategy performance to internal & external stakeholders.
- Leads the management of governance mee

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