Director, Provisioning Methodology & Insights
Apply locations Toronto, ON, CAN
Time Type : Full time
Posted on : Posted 2 Days Ago
Job Requisition ID : R240032142
Application Deadline : 02 / 02 / 2025
Address : 33 Dundas Street West
Job Family Group : Data Analytics & Reporting
We are opening up a brand-new paradigm within North American Retail Risk where you will own refinement of new loss forecasting methodologies, and drive insights and analytics. We have existing processes to be revamped and have produced new methodology to do so. We are seeking a talented Director, Provisioning Methodology & Insights to take the concepts and implement them across the whole North American retail book. You will have the opportunity to see the changes coming from it while learning and making changes in real time. This is a fantastic opportunity to drive benefits here at BMO. This role will play a key part in the identification of segments and portfolios the bank should focus on for continuing to drive value. You will own refinement of the provisioning methodology while working with the broader modeling team and executing with pace. Core responsibility is to lead the team and provide insight and analytics of the new process outcomes to understand root cause of changes and make appropriate enhancements.
Applies mathematical and statistical methods to financial and risk management problems (e.g., internal controls; enterprise-wide stress testing and scenario analysis; capital modelling; valuations). Through quantitative analytical modelling, identifies important factors to consider for financial disaster and recovery plans. Conducts research and creates tools that use data to develop scenario-based planning and implements complex mathematical models to help the business make better financial decisions (e.g., investments, pricing, etc.), drive innovation and minimize the impact of uncertainty.
Qualifications :
Advanced level of proficiency :
Expert level of proficiency :
Salary : $124,200.00 - $231,000.00
Pay Type : Salaried
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 the 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 : BMO Total Rewards .
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.
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