Senior Manager, Wholesale Credit Risk Model Development

Socket.dev; Toronto; On-site; CAD 103,000 - 192,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Life insurance

Retirement savings plan

Job summary

BMO Financial Group is seeking a Senior Manager, Wholesale Credit Methodology, to lead development and enhancement of credit risk models for corporate exposures. You will ensure regulatory alignment, validate models, and adapt methodologies to changing business needs while influencing risk management at enterprise scale.

The role emphasizes collaboration with cross‑functional teams, data-driven decision making, and delivering robust models that withstand regulatory scrutiny.

Qualifications

• Regulatory capital and stress testing knowledge.
• Familiarity with compliance and regulatory standards.
• Experience with machine learning concepts and data science tools.
• Demonstrated learning agility and ability to adapt.
• Systems thinking mindset and cross-functional collaboration.
• Knowledge of model risk management frameworks.
• Ability to create clear data visualizations for stakeholders.
• Data wrangling and preprocessing skills for large datasets.
• Strong analytical reasoning and problem solving.
• Excellent verbal and written communication skills.
• Proven collaboration across teams and functions.
• Ability to manage ambiguity in complex environments.
• Data-driven decision making under pressure.

Responsibilities

• Develops pricing and quantitative risk models for an assigned portfolio (e.g., fixed income, corporate credit, loans).
• Monitors risk in strategies and portfolios alongside project managers or functional leads.
• Conducts research and develops data-driven tools to support financial decisions, pricing, and scenario analysis.
• Applies risk assessment knowledge and regulatory standards to model development and validation.
• Documents data flows, systems, and processes to improve design and management of business processes.
• Collaborates with senior leaders to align models with risk appetite and regulatory expectations.

Skills

Regulatory capital & stress testing

Compliance & regulation

Machine learning

Learning agility

Systems thinking

Model risk management

Data visualization

Data wrangling

Data preprocessing

Critical thinking

Driving results

Quantitative financial modelling

Computational thinking & programming

Verbal & written communication

Analytical problem solving

Collaboration & teamwork

Managing ambiguity

Data-driven decision making

Education

Post-secondary degree in related field or equivalent experience

Job description

Application Deadline: 09/01/2026

Address: 100 King Street West

Job Family Group: Data Analytics & Reporting

Are you an expert in credit risk model development? As the Senior Manager, Wholesale Credit Methodology, you will play a crucial role in shaping the credit risk models that quantify and manage the risks associated with BMO's corporate customers—representing over 70% of the bank's total exposure. In this role, you will leverage your expertise to develop and enhance complex credit risk models, ensuring they align with regulatory requirements and withstand scrutiny from both internal and external stakeholders. Your work will be instrumental in adapting these models to new business environments and obtaining regulatory approval, offering you a rare opportunity to make a significant mark on the industry.

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 and financial decisions (e.g. investments, pricing, etc.), drive innovation and minimize the impact of uncertainty.

• Develops pricing and quantitative risk models for an assigned portfolio e.g. fixed income, corporate credit and loans.
• Monitors risk in strategies and portfolios alongside project managers or functional leads.
• Conducts research and develops tools that use data to make better financial decisions; such as: investments, pricing, etc.
• Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
• Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.
• Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.
• Conducts quantitative research in risks across strategies and portfolios.
• 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.
• 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.
• Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Qualifications:

Intermediate level of proficiency:

• Regulatory capital and stress testing.
• Compliance and regulation.
• Machine learning.
• Learning Agility.
• Systems Thinking.

Advanced level of proficiency:

• Model risk management.
• Data visualization.
• Data wrangling.
• Data preprocessing.
• Critical thinking.
• Driving Results.
• Quantitative financial modeling.
• Computational thinking and programming.
• Verbal & written communication skills.
• Analytical and problem solving skills.
• Collaboration & team skills; with a focus on cross-group collaboration.
• Able to manage ambiguity.
• Data driven decision making.
• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Seasoned professional with a combination of education, experience and industry knowledge.

Salary :

$103,200.00 - $192,000.00

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 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.