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Data Quality Credit Analyst - Commercial Banking

Company: Bank of Montreal
Location: Chicago
Posted on: May 28, 2023

Job Description:

Data Quality Credit Analyst - Commercial Banking page is loaded Data Quality Credit Analyst - Commercial Banking Apply locations Chicago, IL, USA time type Full time posted on Posted 2 Days Ago job requisition id R230008387 Application Deadline: 05/18/2023Address:320 S Canal StreetJob Family Group:Business ManagementThe Data Quality, Credit Analyst will be responsible for supporting the NA Commercial Banking team to test the data integrity of the inputs entered into the Commercial Lending System. This person will be accountable to provide monthly verifications of the sample and will validate inputs entered for risk rating, collateral, and other credit underwriting calculations used by the Line of Business. The analyst will look for compliance with current risk rating model methodology, policies and guidance to ensure the inputs are validated and replicable. The accuracy of the inputs into the lending systems is critical to the calculation of key performance metrics for the bank.

  • Supports the business/group leader in the effective implementation, maintenance and administration of first line of defense (1st LOD) programs. Contributes to a strong risk management culture through collaboration with other first line employees, and second & third line functions to ensure compliance, or operational risks are identified, mitigated, monitored and reported on an ongoing basis.
  • Provides testing over risk rating and collateral inputs to the Commercial Lending systems.
  • Provides direct feedback to the multiple business units, communicate clearly any issues in reference of policy and guidance.
  • Assists with the implementation of risk management programs/ frameworks while identifying and minimizing negative impacts to the business.
  • Acts as a subject matter expert in the evaluation, development and implementation of an internal control system.
  • Supports the 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.
  • Monitors and tracks performance and addresses any issues.
  • Builds awareness, knowledge, and skills and, as necessary, provides communication, practical tools and ongoing support including making presentations, to promote a culture of risk identification and management.
  • Supports the management of 1st LOD program for the business/group in compliance with appropriate principles, standards & direction from the second line of defense groups.
  • Works with assigned business and group leaders to implement 1st LOD programs and frameworks, developing and maintaining an in-depth understanding of the applicable regulatory and internal risk management requirements. Interprets and provides advice on the application of the requirements for the business/group.
  • Maintains an understanding of the business/group strategies and objectives, products and services, internal and external stakeholders and business processes as well as the underlying infrastructure to identify and manage implications and risk exposures for the business/group.
  • Identifies, investigates, analyzes, documents & mitigates program risks, taking into account jurisdictional issues, and raises any issues or concerns to senior leaders and other stakeholders.
  • Recommends adjustments to the overall program, policy or processes within the business/group in accordance with the Risk Appetite Statement, Governance and Corporate Policy.
  • Supports the business/group through internal/external audits or regulatory examinations and assists in development of action plans to resolve any identified issues.
  • Provides support to the development and delivery of training and awareness programs within the business/group to increase awareness of and compliance to risk management requirements.
  • 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.Qualifications:
    • Undergraduate university degree, with a focus in Finance/Accounting or another Business-related field
    • Credit underwriting and/or financial spreading/analysis background
    • Typically between 4 - 6 years of relevant experience
    • 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
    • Bilingual English/French preferred but not requiredWe're here to helpAt BMO Harris Bank 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 Harris Bank 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 .BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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 Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank 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. Similar Jobs (5) Manager, Credit Risk Modelling & Analytics locations Chicago, IL, USA time type Full time posted on Posted 28 Days Ago VP, Global Financial Institutions Portfolio Management, Corporate Banking locations Chicago, IL, USA time type Full time posted on Posted 30+ Days Ago About Us BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we're focused on building, investing and transforming how we work to drive performance and continue growing the good.Who we areWe're proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank, by assets, in North America, we help our customers make the most of their money. In Canada, the United States and across the globe, we'll continue to build, invest and transform to drive performance that serves the good that grows. Bank of the West job opportunities can be found here .
      Bank of the West is a trade name used by BMO Harris Bank N.A. Banking products and services are subject to approval and are provided by BMO Harris Bank N.A. Member FDIC.

Keywords: Bank of Montreal, Chicago , Data Quality Credit Analyst - Commercial Banking, Accounting, Auditing , Chicago, Illinois

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