Risk Management and Reporting Specialist

6 days ago


Chicago, Illinois, United States BMO Full time
About the Role

We are seeking a highly skilled Risk Analytics and Reporting Manager to join our team at BMO. As a key member of our organization, you will play a critical role in supporting the execution of accurate and efficient reporting solutions for risk, regulatory, and management information to internal and external stakeholders.

Key Responsibilities
  • Supports an Efficient and Effective Risk Management Function
    • Reduces ongoing costs
    • Increases service level performance
    • Minimizes risk
  • Acts as a Trusted Advisor
    • Influences and negotiates to achieve business objectives
  • Develops and Implements Solutions
    • Recommends and implements solutions based on analysis of issues and implications for the business
  • Supports Strategic Planning
    • Assists in the development of strategic plans
  • Identifies Emerging Issues and Trends
    • Researches existing or emerging requirements & related best practices
  • Leads Risk Reporting Framework Development
    • Develops and maintains the risk reporting framework
  • Represents Risk Reporting Function
    • Represents the risk reporting function during internal/external regulatory audits and/or examinations
  • Ensures Stakeholder Alignment
    • Ensures alignment between stakeholders
  • Coordinates Database Management
    • Coordinates the management of databases
  • Builds Change Management Plans
    • Builds change management plans of varying scope and type
  • Provides Specialized Support
    • May provide specialized support for other internal and external regulatory requirements
  • Supports Operational Programs
    • Provides input into the planning and implementation of ongoing operational programs in support risk reporting management framework
  • Leads Business Process Design
    • Leads/participates in the design, implementation and management of core business/group processes
  • Designs Reporting Solutions
    • Designs, develops, and implements reporting solutions to meet management and regulatory reporting requirements
  • Provides Advice and Guidance
    • Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions
  • Executes Reporting Production Processes
    • Executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes
  • Supports Risk Indicator Maintenance
    • Supports the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders
  • Analyses Data and Provides Insights
    • Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio
  • Interprets Policies and Regulatory Requirements
    • Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate
  • Works with Data Owners
    • Works with various data owners to discover and select available data sources from internal sources and external vendors
  • Ensures Governance and Controls
    • Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards
  • Analyses Data and Highlights Significant Information
    • Analyses data and highlights significant information including variances, trends, opportunities and exposures
  • Provides Information for Audits
    • Provides information and supports the process for internal and external audits
  • Gathers and Formats Data
    • Gathers and formats data into regular and ad-hoc reports, and dashboards
  • Supports Strategic Initiatives
    • Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders
  • Builds Relationships
    • Builds effective relationships with internal/external stakeholders
  • Maintains Operational Procedures
    • Supports the maintenance of operational procedures and processes related to analytical and reporting processes
  • Develops Tools and Training
    • Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting
  • Participates in Business Process Design
    • Participates in the design, implementation and management of core business processes to ensure the accuracy of risk data used in reporting
  • Organizes Work Information
    • Organizes work information to ensure accuracy and completeness
Qualifications
  • Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
  • In-depth knowledge of risk management metrics, KPIs and KRIs
  • In-depth knowledge of industry trends and regulatory requirements for risk reporting
  • In-depth product knowledge for the designated business/portfolio
  • In-depth knowledge of risk management theory, processes and portfolio management reporting techniques
  • In-depth knowledge of reporting & analytics concepts and applications
  • In-depth knowledge of risk systems technology
  • Deep knowledge and technical proficiency gained through extensive education and 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


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