Senior Risk Decision Analytics Lead

Hispanic Alliance for Career Enhancement; Chicago (IL); On-site; USD 74,000 - 138,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Life insurance

Retirement savings plan

Job summary

BMO Financial Group is seeking a proficient Risk Analyst in Chicago to develop and maintain risk decision-support strategies. You will work with Consumer Credit Bureau data, CRIFF systems, and risk models to enable high-quality decisions within a designated portfolio.

We value 4–6 years of relevant experience, strong analytics, and excellent communication. This salaried role offers health insurance, tuition reimbursement, and retirement benefits, with a broad engagement across stakeholders.

Qualifications

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Working / in-depth knowledge of Consumer Credit Bureau data and products
• Exposure to Consumer Loan Origination Systems (CRIFF a plus)
• Working / in-depth product knowledge for the designated business / portfolio.
• Working / in-depth knowledge of risk management theory, processes and portfolio management reporting techniques.
• Woking / in-depth knowledge of modelling & analytics concepts and applications.
• Working / in-depth knowledge of risk systems technology.
• Technical proficiency gained through education and/or 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.

Responsibilities

• Develops and maintains risk decision-support strategies using analytical solutions to enable high-quality, fact-based decisions for a designated risk portfolio.
• Manages interface with Consumer Credit Bureaus including interpreting credit bureau manuals, sourcing granular data and the creation of aggregate variables.
• business intelligence, and the design and development of sophisticated decision support tools.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
• Acts as a resource for team members with less experience
• Assists with the maintenance, monitoring, measurement & reporting on the status of the risk decision strategies performance.
• Supports the development and maintenance of system and process documentation / process controls / knowledge assets required for the operation.
• Supports the maintenance, monitoring, measurement & reporting on the status of the risk decision strategies and key risk indicators to internal & external stakeholders.
• Supports the planning and execution of the change management process including simulation, validation testing and reporting requirements to evaluate the effectiveness of the new or modified strategies.
• Provides advice and guidance to assigned business/group on implementation of analytical solutions.
• Develops and maintains in-depth knowledge of business product strategies and related risk management requirements and legislative/ regulatory directives.
• Works with 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.
• Works with internal and external stakeholders to understand the capabilities of risk models and core risk systems to ensure effectiveness of risk decision strategies.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Presents findings & recommendations in a simple, clear way to drive action.
• Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
• Monitors and tracks performance; addresses any issues.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.

Skills

Credit bureau data

CRIFF familiarity

Risk modeling

Analytics concepts

Risk systems tech

Stakeholder collaboration

Data sourcing

Data-driven decisions

Communication skills

Problem solving

Education

Post-secondary degree

Job description

BMO Financial Group is seeking a proficient Risk Analyst in Chicago to develop and maintain risk decision-support strategies. You will work with Consumer Credit Bureau data, CRIFF systems, and risk models to enable high-quality decisions within a designated portfolio.

We value 4–6 years of relevant experience, strong analytics, and excellent communication. This salaried role offers health insurance, tuition reimbursement, and retirement benefits, with a broad engagement across stakeholders.