Job Description
Senior Finance Data Analyst (Loan Default Data) page is loaded Senior Finance Data Analyst (Loan Default Data) Apply locations Toronto, ON, CAN time type Full time posted on Posted 2 Days Ago job requisition id R240015910 Application Deadline: 06/29/2024 Address: 100 King Street West Job Family Group: Data Analytics & Reporting About the role: Creates a culture where data is managed as a valuable corporate asset. Compiles and analyzes financial information (loans, commercial banking) for SAMU. Analyzes monthly and quarterly allowance and Provision for Credit loss reports and ensures financial information has been recorded accurately. Identifies trends and developments for LOBs and presents findings to senior management. Supports financial forecasting and performs data reconciliation of internal accounts. Provides input to, and follows, data governance standards and processes to improve the quality of BMO data and reduce overall data risk for the designated business/group. Develops and implements data strategies, tactics, products and a curated data model to achieve business objectives. Reviews, designs and implements data governance practices and data management processes within the business/group in alignment with Enterprise Data Governance Operating Directive. Responsibilities: Actively leads routine monthly financial management reporting responsibilities as well as ad-hoc requests for reports.Supports forecasting process by gathering and compiling various data sets, analyzing trends, analyzing variances and current performance metrics, and partnering with department leadership to obtain key assumptionsPro-actively identifies business trends and risks to forecast. i.e., use historical information to inform decisions about the futureDemonstrate flexibility and agility to support analysis for current business with ability to scale to accommodate expected business growthPartners with the organization to provide monthly rolling forecasts and high-level leadership presentations.Builds, documents, and deploys scalable processes and systems that ensure repeatable, high-quality executionListens closely and asks questions to ensure complete understanding of any issue or question-at-hand to provide the most concise and accurate reporting/analysisGeneral technical knowledge of accounting and financial analysis processes. Able to work with managers throughout company in analyzing financial dataMonitors and reports on data management requirements and compliance issues, impacts and resolution status to leadership and data governance team.Acts as a trusted advisor on data governance and data management matters.Influences and negotiates to achieve business objectives.Recommends and implements solutions based on analysis of issues and implications for the business.Identifies emerging issues and trends to inform decision-making.Supports the assessment, root cause analysis, and formulating proposed solutions/remediation strategies.Escalates data and compliance issues.Implements, maintains and reviews processes to ensure quality and integrity of data and ensures compliance with Bank and regulatory requirements.Develops stakeholder communications and training in support of data management process implementation.Supports the resolution of data issues by coordinating stakeholders in the information chain.Performs quality assurance activities to ensure handling, storage, and collection of data complies with Bank Policy and regulatory requirements.Analyzes structured and unstructured data to support the design and development of a business / group curated data model.Identifies and implements the optimum means to collect, process, analyze and report on information and ensure ongoing accuracy, integrity and security.Participates in the timely resolution of operating/technical problems or manages escalation with other BMO technical support groups. Qualifications: Bachelor’s Degree in Accounting or Finance (preferred) or Data/Computer ScienceTypically, between 5 - 7 years of relevant experience as a Data Analyst within Finance domain (financial data related to loans, credit, etc)Skilled in working with SAP S/4 HANA, SQL, APMS, LoanIQ, MS ExcelDeep knowledge and technical proficiency gained through extensive education and business experience. Advanced level of proficiency: Financial ReconciliationFinancial Management & ReportingData analysis of large data sets from multiple data sourcesData management.Data GovernanceAdditional Skills required:Consistently deliver prescribed outcomes in a timely and accurate manner with appropriate guidanceStrong organizational skills, attention to detail and continuous process improvement mindsetAbility to work effectively with all levels of the organization and across departmentsAssertive, action orientated hands-on, "roll up your sleeves"-type approachEnergetic, strong work ethic, resilient, collaborative, ability to juggle multiple projects at once and personally committed to achieving successStrong time management skillsBeing capable of demonstrating leadership skillsHigh level of proficiency with Microsoft Excel a mustPrepare executive reports for Senior ManagementCompensation and Benefits: $74,800.00 - $138,600.00 Pay Type: SalariedThe 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 We’re here to helpAt 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.Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO 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)Lead AML Data Analyst locations Toronto, ON, CAN time type Full time posted on Posted 7 Days Ago Credit Analyst, Business Property Finance locations 2 Locations time type Full time posted on Posted 2 Days Ago Lead Data Engineer (Global Asset Management) locations Toronto, ON, CAN time type Full time posted on Posted 7 Days Ago 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 in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. 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.