Manager, Consumer Risk Portfolio Management

About the role

The Manager, Portfolio Risk Management is responsible for independent risk oversight and early risk identification across consumer lending portfolios (e.g., Credit Cards, Mortgage/HELOC, Direct Lending, Indirect/RV/Marine, Small Business).

Responsibilities

• Risk Identification & Portfolio Oversight (Primary Focus)
• Monitor portfolio performance to identify emerging credit risks, adverse trends, and concentration exposures
• Develop and track key risk indicators (KRIs), early warning indicators, and portfolio triggers
• Conduct deep-dive analyses (vintage, segmentation, roll rates, loss drivers, score band performance)
• Provide independent challenge to business strategies (growth, underwriting, pricing, line management, collections)
• Audit alignment with risk appetite, credit policy, and regulatory expectations
• Assess portfolio performance against risk appetite and regulatory requirements
• Portfolio Analytics & Insights
• Analyze portfolio data to generate actionable insights on risk/return trade-offs
• Support loss forecasting, capital, and stress scenario analysis
• Identify drivers of delinquencies, charge-offs, and credit migration
• Perform ad-hoc analysis to support senior management, regulators, and business partners
• Risk Reporting & Governance
• Develop and enhance risk reporting frameworks for management and regulatory stakeholders
• Ensure reporting is accurate, timely, and aligned with regulatory standards (e.g., OCC, CECL, Basel where applicable)
• Lead preparation of portfolio risk summaries, dashboards, and executive materials
• Support internal and external audits/examinations with clear documentation and defensible analytics
• Ensure strong data governance, controls, and reconciliation processes
• Data, Tools & Infrastructure
• Work with large datasets from loan systems, bureau data, and payment platforms
• Build and maintain reporting solutions using tools such as: SQL / SAS / Python / R (data extraction and analytics)
• Use Tableau / Power BI (dashboarding & visualization)
• Use Excel
• Partner with data owners to ensure data quality, completeness, and usability
• Contribute to automation and efficiency improvements in reporting and analytics workflows
• Cross-Functional Risk Oversight
• Act as a trusted advisor to business, finance, model risk, and collections teams
• Collaborate across functions to ensure consistent risk measurement and reporting
• Support strategic initiatives (e.g., new product launches, credit strategy changes, model implementation) from a risk perspective

Qualifications

• Experience & Education
• 3-5+ years of experience in Consumer Credit Risk, Portfolio Management, or Risk Analytics
• Experience across one or more products: Credit Cards, Mortgage/HELOC, Auto/RV/Marine, Personal Lending, Small Business
• Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or related field (advanced degree preferred)
• Skills
• Strong knowledge of: Credit risk metrics (delinquency, roll rates, loss rates, vintage, PD/LGD concepts)
• Portfolio risk analytics and segmentation techniques
• Risk reporting frameworks and KRIs
• Hands-on experience with: SQL, SAS, or Python
• Data visualization tools (Tableau, Power BI)
• Ability to work with large, complex datasets and translate into clear insights
• Understanding of: Consumer lending lifecycle and underwriting frameworks
• CECL / IFRS9 concepts (preferred)
• Regulatory expectations (e.g., OCC guidance, SR letters, model governance principles)
• Experience supporting audit or regulatory reviews is a plus
• Strong analytical thinking and problem-solving
• Ability to identify risks early and escalate effectively
• Clear, concise communication of complex risk insights to senior stakeholders
• Proven ability to independently own analyses and deliver under tight timelines

Pay

$74,000.00 - $138,000.00

Pay Type: Salaried

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.