Senior Manager – Regulatory Data & Systems

This is a fully remote position, open to applicants in New Jersey.

📋 Description

• Assists in delivering precise and efficient reporting solutions for risk, regulatory, and management information to both internal and external stakeholders, including regulatory entities.

• Aids in establishing an efficient and effective risk management function that utilizes common information sources and practices, reduces ongoing costs, enhances service level performance, and minimizes risk.

• Supports the team managing regulatory reporting data and systems.

• Acts as a subject matter expert by offering guidance on technical solutions aimed at improving the accuracy and efficiency of regulatory reporting.

• Conducts thorough analyses of key data necessary for regulatory reporting.

• Engages in or leads initiatives focused on enhancing existing controls and processes or developing new ones to ensure the data used for regulatory reporting is accurate.

• Executes prescribed analysis and ad hoc portfolio monitoring and reporting activities.

• Handles prescribed data extraction and reporting tasks.

• Participates in bank-wide initiatives to evaluate impact and ensure that new products, systems, and changes are accurately reflected in regulatory reporting, including the documentation, development, testing, and implementation of data sourcing and report configuration requirements to maintain reporting accuracy.

• Provides leadership, training, coaching, and mentorship to team members within the data analytics and reporting group.

• Cultivates a culture aligned with BMO's purpose, values, and strategy while exemplifying BMO values and behaviors in all actions.

• Ensures that values and behaviors promote diversity and inclusion.

• Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures accountability for follow-through.

• Builds interdependent teams that collaborate across functional and operational groups to maximize value for all stakeholders.

• Attracts, retains, and facilitates the career development of top talent.

• Enhances team performance, acknowledges and rewards accomplishments, coaches employees, supports their development, and manages underperformance.

• Provides strategic insights into business decisions as a trusted advisor.

• Offers recommendations to senior leaders regarding strategy and new initiatives based on thorough business and group understanding.

• Serves as a subject matter expert on pertinent regulations and policies.

• May network with industry contacts to acquire competitive insights and best practices.

• Interprets new regulations and assesses their impact on the risk reporting strategy and program framework.

• Influences and negotiates to meet business objectives.

• Identifies emerging issues and trends to support informed decision-making.

• Advises on business priorities, resource requirements, and develops a roadmap for strategic execution.

• Manages resources and leads the execution of strategic initiatives to achieve business and financial goals.

• Evaluates the effectiveness of the risk reporting program and strategy, recommending changes as necessary.

• Conducts independent analyses and assessments to resolve strategic issues.

• Leads the development and maintenance of the risk reporting framework.

• Acts as the primary subject matter expert for both internal and external stakeholders.

• Represents the risk reporting function during internal and external regulatory audits and examinations.

• Ensures alignment between stakeholders.

• Designs and generates regular and ad-hoc reports, along with dashboards.

• Develops and oversees comprehensive information management systems and leads initiatives to enhance processes, analyses, and reporting.

• Directs change management programs of various scopes, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainability of initiatives.

• Oversees the execution of operational programs, adapting as needed to ensure quality execution.

• May offer specialized support for other internal and external regulatory requirements.

• Contributes to the planning and implementation of ongoing operational programs to support the risk reporting management framework.

• Leads or participates in the design, implementation, and management of core business and group processes.

• Designs, develops, and implements reporting solutions that fulfill management and regulatory reporting requirements.

• Provides counsel and guidance to the assigned business or group on the implementation of analytical and reporting solutions.

• Executes tasks to ensure timely, accurate, and efficient service for scheduled reporting production processes.

• Supports the maintenance, monitoring, and measurement of key risk indicators for internal and external stakeholders.

• Analyzes data and information to deliver risk-related insights and recommendations for the assigned portfolio, such as capital at risk modeling and risk/return assessments.

• Facilitates the interpretation of internal and external policies and regulatory requirements pertinent to the analytics and reporting mandate, including regulatory reporting.

• Collaborates with various data owners to identify and select available data sources from internal sources and external vendors (e.g., lending system, payment system, external credit rating system) to meet analytical needs.

• Ensures strong governance and effective controls across risk reporting activities and information in line with enterprise standards.

• Analyzes data, highlighting significant information such as variances, trends, opportunities, and exposures, escalating issues as necessary.

• Provides information and supports the internal and external audit processes.

• Compiles and formats data into regular and ad-hoc reports and dashboards.

• Assists in developing and executing strategic initiatives in collaboration with internal and external stakeholders.

• Fosters effective relationships with internal and external stakeholders.

• Aids in the maintenance of operational procedures and processes related to analytical and reporting functions.

• Contributes to the development of tools and delivery of training to raise awareness and understanding of key data elements used in risk reporting.

• Engages in the design, implementation, and management of core business processes to ensure the accuracy of risk data utilized in reporting.

• Organizes work information to guarantee accuracy and completeness.

• Operates at a group or enterprise-wide level, serving as a specialist resource for senior leaders and stakeholders.

• Applies expertise and employs creative thinking to address unique or ambiguous situations and to devise solutions to complex and non-routine problems.

• Implements changes in response to evolving trends.

• Additional responsibilities or accountabilities may be assigned as necessary.

⛳️ Requirements

• Typically requires 7+ years of relevant experience along with a post-secondary degree in a related field of study or an equivalent combination of education and experience.

• Preferably has 5+ years of experience managing a team performing complex activities under tight deadlines.

• Previous exposure to FR Y-9C / Call Report / FR Y-14 / FR 2052a is strongly preferred.

• Experience with data management principles and processes, with strong familiarity with various data analysis and reporting tools such as MS Excel, SQL, Essbase, and Python.

• Demonstrates a strong natural inclination for structuring and organizing large datasets to meet continuously evolving reporting needs.

• Possesses strong analytical skills and domain knowledge in deposits, loans, leases, securities, and/or derivatives.

• Detail-oriented with excellent organizational skills.

• Proficient in MS Office (Word, Visio, PowerPoint, Outlook) and SharePoint.

• Comfortable working both independently and collaboratively within a dynamic and challenging team environment.

• Experience with Nasdaq (AxiomSL) ControllerView regulatory reporting software is preferred.

• Holds in-depth/expert knowledge of risk management metrics, KPIs, and KRIs.

• Possesses in-depth/expert knowledge of industry trends and regulatory requirements for risk reporting.

• Holds in-depth/expert product knowledge relevant to the assigned business or portfolio.

• Exhibits in-depth/expert understanding of risk management theory, processes, and portfolio management reporting techniques.

• Demonstrates in-depth/expert knowledge of reporting and analytics concepts and applications.

• Possesses in-depth/expert knowledge of banking book and/or trading book applications.

• A seasoned professional with a blend of education, experience, and industry knowledge.

• Exceptional verbal and written communication skills.

• Strong analytical and problem-solving skills.

• Proficient influence skills.

• Effective collaboration and team skills, with an emphasis on cross-group collaboration.

• Capable of managing ambiguity.

• In-depth/expert in data-driven decision-making.

🏝️ Benefits

• Health insurance

• Tuition reimbursement

• Accident and life insurance

• Retirement savings plans