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The Model Risk Reporting and Analytics role is responsible for designing, producing, and enhancing enterprise-level reporting and analytical insights that support effective oversight of model risk across the organization. This role partners closely with Model Validation, Model Owners, Regulatory Compliance, and senior leadership to provide clear, accurate, and actionable reporting on model inventories, risk metrics, validation performance, issues, and emerging trends.
Key Responsibilities
Develop, enhance, and maintain Model Risk Management (MRM) reports, dashboards, and KPI/KRI suites for senior management, governance committees, and regulatory bodies.
Perform analytics on model risk data to identify patterns, emerging risks, gaps, and opportunities for process improvement.
Lead the design and automation of reporting pipelines using tools such as Python, SQL, Tableau/Power BI, and model risk platforms.
Partner with stakeholders to ensure data accuracy, completeness, and consistency across model inventory, validation results, performance monitoring, and issue management datasets.
Support regulatory exams and internal audits by preparing reporting packages and clearly articulating model risk insights, methodologies, and governance processes.
Contribute to the enhancement of the enterprise model risk taxonomy, metrics definitions, and data governance standards.
Provide analytic support to Model Risk leadership, including deep dives, ad‑hoc analyses, scenario analysis, and thematic reviews.
Develop documentation, process maps, and reporting standards to ensure transparency, repeatability, and auditability of reporting.
Support strategic initiatives such as system migrations, automation, model risk system enhancements, and regulatory-driven changes.
Collaborate with cross-functional teams to ensure alignment with Model Risk policies, regulatory expectations (SR 11‑7, OSFI E‑23), and internal risk appetite.
Key Qualifications
Bachelor’s or Master’s degree in Finance, Data Science, Statistics, Economics, Engineering, or related discipline.
Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Strong analytical ability with experience manipulating large datasets and performing structured quantitative analysis.
Proficiency with analytical tools (Python, SQL, R), visualization platforms (Tableau, Power BI), and enterprise data environments.
Knowledge of model risk regulatory guidance (e.g., SR 11‑7, OSFI E‑23) and understanding of model development/validation concepts.
Excellent communication skills, with the ability to translate technical information into senior‑level insights.
Strong attention to detail, data quality, and ability to manage multiple priorities in a fast‑paced environment.
In-depth/expert knowledge of risk management metrics, KPIs and KRIs.
In-depth/expert knowledge of risk management theory, processes and portfolio management reporting techniques.
In-depth/expert knowledge of reporting & analytics concepts and applications.
Experience with model lifecycle platforms or GRC tools is an asset.
Key Competencies
Data storytelling and visualization
Problem solving and critical thinking
Stakeholder management and collaboration
Process improvement and automation mindset
Governance and controls orientation
Ability to work independently and drive initiatives from concept to delivery
Location:
This position is located in Toronto and offers a hybrid work model with 3 days in the office
If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk & Portfolio Management 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
The accountabilities for this role include:
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.
Provides strategic input into business decisions as a trusted advisor.
Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
Acts as a subject matter expert on relevant regulations and policies.
May network with industry contacts to gain competitive insights and best practices.
Interprets new regulations and assesses impacts to the risk reporting strategy/program 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 reporting program/strategy; recommends changes as required.
Conducts independent analysis and assessment to resolve strategic issues.
Leads the development and maintenance of the risk reporting framework.
Acts as the prime subject matter expert for internal/external stakeholders.
Represents the risk reporting 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.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
May provide specialized support for other internal and external regulatory requirements.
Provides input into the planning and implementation of ongoing operational programs in support risk reporting management framework.
Leads/participates in the design, implementation and management of core business/group processes.
Designs, develops, and implements reporting solutions to meet management and regulatory reporting requirements.
Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions.
Executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes.
Supports the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders.
Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio e.g. capital at risk modeling, risk/return assessments, etc.
Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.
Works with various data owners to discover and select available data sources from internal sources and external vendors (e.g. lending system, payment system, external credit rating system) to fulfill analytical needs.
Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.
Analyzes data and highlights significant information including variances, trends, opportunities and exposures; escalates as required.
Provides information and supports the process for internal and external audits.
Gathers and formats data into regular and ad-hoc reports, and dashboards.
Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Builds effective relationships with internal/external stakeholders.
Supports the maintenance of operational procedures and processes related to analytical and reporting processes.
Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting.
Participates in the design, implementation and management of core business processes to ensure the accuracy of risk data used in reporting.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.
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: https://jobs.bmo.com/global/en/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. 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 https://jobs.bmo.com/ca/en.
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.