Position Title: Senior Manager of Wholesale Credit, Model Risk and Vetting

Duties & Responsibilities: Relationship Management • Partner with the lines of business, corporate functions, and ERPM to enhance understanding of model risks relating to Corporate Risk models and ensure transparency of models used in their respective areas • Build and manage relationships with the line of business/risk managers/executives in the joint implementation of strategic changes in the business by assisting model development via parallel-to-development model risk consulting. Act as internal consultant to proactively help the lines of business manage its’ model risk • Provide support to large-scale projects as required and subject matter advisory support to other work streams as appropriate • Develop relationships with other financial institutions; provide ongoing peer benchmarking support Managerial Leadership • Provide leadership to staff in Wholesale Credit Model Vetting Group, coach, inspire and motivate members in the group to timely deliver projects with good quality • Provide clear direction to staff under the incumbent's supervision; and develop and implement training and career development plans for junior employees to ensure they receive developmental opportunities and have the required level of skills and knowledge • Assist the Director to promote teamwork sprint and maintain a culture and work environment that attracts, retains, and motivates the highest calibre of skilled model risk professionals • Display and encourage appropriate high performance behaviours to ensure behaviours in the group are congruent with the MRV Group Spirit and the Bank’s Our Way Model Governance • Communicate model risk issues to the lines of business to ensure identified model risks are understood and appropriate model risk mitigation actions implemented, escalating where necessary to the Direct • Assist the Director to ensure all models covered by the team meet the Model Risk Corporate Standard, including defining the scope of the model, modeling requirements and the standards • Assist the Director to ensure all models covered by the team are vetted and approved or issued an exception based on quality assurance to protect the bank from unjustified, undue, and unidentified risks due to the use of the models • Assist the Director to ensure the model inventory is up-to-date and complete regular Model Inventory Attestations Project Management • Support the Director in the development and execution of overall work plan. • Assist the Director to manage team’s vetting activities within complete business framework (Operating Groups and Lines of Business) to ensure all models capturing valuation, market, credit, capital at risk and operational risks are vetted. • Assist the Director to ensure actionable conditions and/or recommendations are issued in the vetting reports to help the lines of business enhance the vetted models. • Assist the Director to manage model vetting projects from assumptions, methodologies to implementations and calibrations, to ensure the quality of model risk control and timeliness of project deliveries. Operational • Support the director for the optimal operation of the team, including identifying and implementing improvements to work, processes, and systems to ensure operational effectiveness and compliance with all bank and external regulatory, corporate policy, and governance requirements. • Assist the Director to ensure regular review process is followed, model conditions are monitored and fulfillment of conditions are assessed on a timely basis.

Position Qualifications: Knowledge: • Advanced knowledge of financial theory; risk related models (credit, market, operational and liquidity etc.), capital (EC, RC) and Stress Testing models, pricing and valuation models etc.; • Extensive knowledge in data mining and statistical analysis techniques with minimum of five years of working experience; pertaining to credit risk modeling, particularly in wholesale credit risk modeling would be an asset • In-depth knowledge of industry best practices and good understanding of Basel and other regulatory requirements on risk rating models and parameter estimation • Good knowledge of wholesale credit management, lending process and credit process Skills: • Strong ability of promoting a team-work spirit and building competent group • Good team management skills, able to clearly provide direction, set up expectation, coach, inspire and motivate group members as well as independently deliver work assignments • Effective project and time management in order to efficiently deliver concurrent projects with competing priorities • Constructive conflict-solving ability; and ability to collaboratively work with model owner/sponsor counterparts • Effective presentation and communication skills; Ability to convey complex concepts and outcomes to non-subject matter experts. • Proficient programming skills (i.e. SAS, R, Matlab, VBA, etc.) Education and Accreditation: • Master’s degree in Statistics, Mathematics, Engineering, Economics, Finance and MBA etc. • PhD in quantitative field or combination of quantitative and business degrees preferred

Salary Range: Competitive and commensurate with qualifications

Benefits:

Web Site: https://www4.harrisbank.com/

Application Address: Via BMO Harris Career at https://www4.harrisbank.com/vgn/images/index.html Job ID: 90529

Contact Email: Lee.Huang@bmo.com

Application Deadline: Until filled