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Director - Counterparty Credit Risk Technology Officer
BMO Financial Group
New York, NY, United States
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Position Summary:
Credit Risk Management (CRM) provides independent, enterprise-wide oversight of the management and related measurement, monitoring and control of credit risk.
To perform the role of Credit Risk Technology Officer for the business unit by being responsible for all process-related activities, as articulated below but not limited to:
• CRM Risk and Reporting Infrastructure;
• Data governance and controls;
• Partner/vendor Management; and
• People Management
Accountabilities of Position (key outcomes and activities):
The incumbent is charged with managing a team to continue development and continued enhancement of Credit Risk’s (CRM) Infrastructure.
The incumbent will be responsible for all data and information process-related activities within CRM, as articulated but not limited to:
• Responsible for CRM’s Risk and Reporting Infrastructure
• Responsible for CRM’s data governance and controls
• Member of ERPM-IT systems governance framework
• Continued enhancement and improvement of reporting within CRM and ERPM
• Primary interface between CRM and IT
The incumbent will be responsible for maintaining a high level of awareness of developments in the business, market and regulatory environments, assisting the VP Credit Risk Reporting, VP Model Development & Risk Capital and Stress Testing, VP Model Vetting, the CRM Business Specialists and Regional Heads, in ensuring that BMO’s risk measurement, monitoring and control practices attain a consistently high standard. The incumbent will be responsible for advocating Enterprise Risk Management practices as well as the enhancement and improvement of the underlying infrastructure to support ERPM. Within this framework the incumbent is responsible for the following activities:
1. Management Information System
◦ Manage creation and establishment of a robust, scalable and supportable Applications, Systems and Reporting Infrastructure (MIS) ;
◦ Develop and maintain effective and efficient processes to increase efficiency and reduce operational risks;
◦ Participate in planning, requirement and scoping activities as related to current and emerging regulatory compliance efforts/initiatives
◦ Be responsible for overall scope management and ongoing prioritization for initiatives in their respective roles
◦ Participate in/oversee development of detailed requirements along with business and technical stakeholders
◦ Collaborate with Risk Architecture function to put together an end-to-end solution architecture for key initiatives
◦ Collaborate with Data, Calculation, Aggregation and Reporting Services teams within Risk Technology and other Technology teams, as applicable, to develop detailed estimates and identify dependencies to aid in the development of detailed project plans
◦ Work closely with Architecture function and other teams within Risk Technology, Risk Modeling Teams and other teams to help develop detailed Data Contracts to ensure that there is a clear understanding of data requirements/interfaces/flow and associated quality, completeness and other such validation requirements
◦ Interface with other Data, Calculation, Aggregation and Reporting Services teams within Risk Technology to ensure that solution is developed in alignment with Risk Technology Architecture and other applicable standards
◦ Work with ERPM systems governance working group to improve and enhance Enterprise Risk Management capabilities within ERPM
◦ Ensure effective controls are built;
◦ Be accessible throughout the day to actively respond to information requirements/requests and resolve day-to-day service-related issues;
◦ Communicate issues and initiatives amongst colleagues within the business unit and other services and functions units
◦ Review management reports, analysis and commentary to ensure value and timeliness while introducing practices to improve the quality of it
2. Data governance and Controls
◦ Ensure operational issues are addressed to minimize business unit’s risk exposure;
◦ Provide support and consulting support to executives and management in ensuring business unit is compliances with Policies and Procedures
◦ Participate in projects and/or business process changes to ensure effective controls are built as new application/process is deployed;
◦ Participate and lead establishment of Risk Data Governance policy and framework within the ERPM-IT systems governance working group
3. Interface with Infrastructure service-providing organizations:
◦ Partner with the Infrastructure divisions to define business needs and priorities;
◦ Manage and resolve service delivery, service quality and cost issues;
◦ Coordinate meetings with the Infrastructure divisions to review and discuss financial performance/costs vs. Plan; service delivery and quality issues and status of initiatives;
◦ Work with the Infrastructure divisions, services and functions to coordinate actions/projects to improve quality of service;
◦ In conjunction with business continuity group, develop, implement and maintain adequate Business Continuity Plans
4. Coordination with Service Providers/Vendor :
◦ Contribute to the negotiation of contract and service level agreement, ensure business unit requirements are articulated
◦ Work alongside internal and technology service providers to enable business needs and strategies are met;
◦ Oversee service delivery to ensure effective and efficient use of resources;
5. People Management:
◦ Lead by example - Mission, Vision and Value
◦ Lead in providing cost effective and efficiency services and functions
◦ Ensure proper coaching, training and tools are provided to employees;
Qualifications
Knowledge/Skill Requirements:
• Undergraduate degree in Business, Accounting or Finance or the equivalent combination of education and experience; Master’s Degree a preferred plus; CPA/CA/CMA/CGA securities/banking industry licenses desired;
• Detailed technical knowledge of RDBMS (SQL Server or Oracle or Equivalent)
• Detailed technical knowledge of database design methodologies
• Understanding of Retail and Wholesale lending, Credit Risk and Enterprise Risk Management
• Knowledge of SDLC and PMLC methodologies
• Strong analytical problem solving skills
• Good understanding of financial markets;
• Superior understanding of financial products and markets;
• Working understanding of the operational support systems used to support ERPM and its clients (e.g., Treasury, Capital Markets, etc.);
• Fully competent in PC applications (i.e., spreadsheets - Excel, word processing - Word, presentations - PowerPoint, etc.) plus ability to quickly learn relevant and potentially complex, add-on applications is also required;
• Excellent verbal and written communication skills;
• Good organizational and time management skills to deal effectively with multiple time demands in very tight timelines;
• On-going upgrade of knowledge, particularly with regards to developments in capital markets instruments, and their administration, is important; this is typically achieved through a combination of self-study and external courses if available; and
• Progressive experience within a large multi dimensional organization
• Proven ability to manage people and to achieve effective outcomes across organizational boundaries.
• Proven ability to manage change.
Attributes (include but are not limited to the following:)
• Analytic/Systematic Thinker: takes a well-ordered and logical approach to analyzing problems, organizing work and planning action resulting in decisive solutions with an ability to articulate the decision.
• Results Oriented: strives to achieve high levels of individual and organizational performance, with an ability to set priorities and manage conflicting and changing priorities.
• Conceptual Thinker: identifies and sees the relationships among key issues while understanding the ‘big picture’ and able to clarify complex data and/or situations.
• Team Builder/Player: creates an environment to sustain highly motivated groups working to achieve common objectives in line with the Bank’s and Risk Management’s vision.
• Relationship Builder: develops and maintains strong relationships with internal and external contacts.
• Pro-active, fast learner and progressive imagination and can think outside the box. Must be forward thinking, not necessarily tied to traditional approaches or history, and unafraid of new courses of actions.
• Maturity, knowledge, sound judgment, facilitation and negotiation skills coupled with strong interpersonal and communication abilities, which inspire immediate credibility to build long-standing consultative relationships with the business and in the industry.
• Teamwork & Partnering
At BMO Harris Bank, we have been helping our customers and communities for over 130 years. Working with us means being part of a team of talented, passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. We are an Equal Opportunity Employer. By embracing diversity, we gain strength through our people and our perspectives. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.