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Data Scientist / Portfolio Risk ManagerHispanic Alliance for Career Enhancement • Chicago, Illinois, United States
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Data Scientist / Portfolio Risk Manager

Hispanic Alliance for Career Enhancement
  • US
    Chicago, Illinois, United States
  • US
    Chicago, Illinois, United States
Apply Now

About

The Data Scientist / Portfolio Risk Manager provides analysis, monitors performance, and develops portfolio credit recommendations on consumer loan portfolios to manage risk-taking, improve profitability, and ensure the bank’s lending activities adhere to Retail Credit policies and Risk Appetite targets.
Loss Forecasting and Performance Monitoring (40%)
Develop and enhance loss forecasting framework. Maintain efficient reporting process to communicate forecast and underlying drivers to senior management. Liaison with collections/finance to facilitate accurate assessment and reporting of loss/allowance.
Conduct portfolio analyses, including monitoring and reporting credit performances of specific consumer loan portfolios, exploring and discovering root causes of changing credit profile and credit performances, identifying performance drivers and providing senior management with actionable recommendations.
Portfolio Risk Management/Data Analysis (20%)
Support growth and solve real business problems by applying customized business analysis or a variety of predictive modeling techniques, portfolio segmentation, champion/challenger methodologies to analyze business results and refine strategies and influence portfolio credit performance and profitability.
Combine retail lending product expertise, lending process understanding and analytical expertise in lending policy and strategy enhancement. Support portfolio/business acquisition and due diligence exercises in Retail Lending space; promote collaboration within Risk team and across functions to provide end-to-end analysis that connects risk-taking and profitability.
Explore, adopt and champion AI and machine learning to advance risk team’s analytical capability.
Credit Policy/Process/Strategy Analysis (20%)
Maintain current understanding of applicable regulatory requirements for consumer loans and ensure policies and procedures are fully compliant.
Present results of portfolio monitoring and analysis and provide recommendations for policy, process or strategy changes to more effectively manage risk, increase efficiency or improve bank profitability.
Review policies and procedures to ensure adherence to credit risk‑related operating procedures and applicable P&C Canada, BMO and U.S. policies as well as alignment with the business strategy and risk appetite.
Governance (20%)
Provide clear, concise executive summaries on portfolio performance or risk concerns for discussion with key stakeholders at the appropriate governance forums to define the issue/risk, assess the potential implications to the bank and provide any recommended actions to remediate the risk.
Provide support to Internal/External audit efforts.
Authorities
Information Access – authority to access information, records, facilities, systems, and personnel of the enterprise, including authorities to access and use confidential customer and financial information.
Empowerment – authority to interact with the LoB, providing analysis, consultation, issue identification and recommendations.
Scope and Impact This position contributes to financial reporting and loan portfolio risk outlook/performance, reported internally as well as externally. The position has direct impact on the achievement of business objectives as they relate to managing risk and delivering against profitability targets associated with the loan portfolio.
Qualifications
Typically 5–7 years of experience and a post‑secondary degree in a related field or equivalent combination of education and experience.
Prior experience in credit risk processes and loss forecasting is highly preferred.
Proven ability to glean insights from data and support data‑driven decision making.
Highly proficient in data analysis, including time series analysis, risk segmentation, vintage/cohort performance tracking.
Highly proficient in SAS and Excel (mandatory). Knowledge of Python, SQL, Power BI is a plus.
In‑depth knowledge of loan life cycle, loss mitigation process, risk management metrics, KPIs and KRIs, reporting & analytics concepts, applications, and risk systems technology.
Excellent analytical and problem‑solving skills.
Excellent verbal & written communication skills.
Compensation $74,000.00 – $138,000.00 (Salaried)
EEO Statement BMO is an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
Reasonable Accommodations BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need an accommodation due to a disability during any part of the employment process, please contact BMOCareers.Support@bmo.com with the nature of your request and your contact information.
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  • Chicago, Illinois, United States

Languages

  • English
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