Analyst, Model Risk Infrastructure

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Are you a tech-savvy Business Analyst with a passion for risk and governance? We're looking for a driven professional to support our Model Risk Management team in a dynamic role that blends system design, workflow optimization, and stakeholder engagement.

In this role, you'll analyze business needs, manage and optimize governance tools like IBM OpenPages and JIRA, streamline workflows, and ensure data is captured efficiently. This is a unique opportunity to bridge the gap between business needs and technology solutions, without needing to code.

We're seeking someone with:

• 2+ years of experience in business analysis, governance, or technology roles

• Familiarity with JIRA, OpenPages or IBM Cognos

• Strong organizational and communication skills

• A desire to grow in the model governance and risk space

Whether you come from a model governance background or a tech-focused BA role, we'll provide the training you need to succeed. If you're looking to build a career in risk and governance while leveraging your tech skills, this is the perfect launchpad.

Work Arrangement:

This is a hybrid role with in-office collaboration at least 3 days a week.

If you're looking for your next dream job, consider this one in BMO's Enterprise 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

Provides oversight, monitoring and reporting on model risk. Develops and monitors the model risk management and governance framework and practices leveraged across BMO. Develops and implements policies and standards, methodologies, and controls that increase transparency, accuracy, and consistency across groups. Works with stakeholders to implement the methodology, metrics, and program standards to ensure compliance, effective monitoring, and timely reporting.

• Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.

• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.

• Breaks down strategic problems and analyzes data to provide insights and recommendations.

• Manages the model inventory and other databases and provides support for analysis, forecasting and/or data visualization, ensuring adherence with data governance standards.

• Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.

• Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.

• Leads or assists in the execution of oversight/governance activities.

• Leads or assists with the maintenance, monitoring, measurement, and reporting on the status of the model risk governance program to various internal and external stakeholder audiences.

• Independently administers and evaluates model life cycle activities for adherence to all policies, procedures and established processes; documents and reports results of evaluations on an individual and summary basis.

• Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken.

• Provides advice and guidance to businesses/groups on the implementation of the risk framework, including effective challenge.

• Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education and training needs, development/delivery of training; development and execution of regulatory administration processes and procedures.

• Supports the development and maintenance of the governance system and framework (e.g. supporting policies, standards, operating procedures, lifecycle management, education and training assessment, development and delivery, coordination of attestation programs, reporting, etc.).

• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative / regulatory directives and guidance.

• Builds effective relationships with internal/external stakeholders.

• Exercises judgment to identify, diagnose, and solve problems within given rules.

• Works independently on a range of complex tasks, which may include unique situations.

• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Working / in-depth knowledge of the model life cycle and model risk management practices.

• Working / in-depth knowledge of database systems, SDLC, and business requirements analysis.

• Working / in-depth knowledge of risk policy frameworks; quality control / testing frameworks.

• Technical proficiency gained through education and/or business experience.

• Verbal & written communication skills - In-depth.

• Collaboration & team skills - In-depth.

• Analytical and problem-solving skills - In-depth.

• Influence skills - In-depth.

• Data driven decision making - In-depth.

Salary:

Pay Type:

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: 

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.

To find out more visit us at

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.