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Manager, Consumer Risk Portfolio Management
BMO Capital MarketsChicago, IL, USA$74,000 - $138,0003-5 years
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Address:
320 S Canal StreetJob Family Group:
Data Analytics & ReportingThe 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).
This role focuses on:
- Proactive identification of emerging credit risks
- Portfolio analytics and risk segmentation
- Oversight of business strategies against risk appetite
- Development of actionable insights to inform senior management and regulatory reporting
The ideal candidate brings strong quantitative skills, deep knowledge of consumer credit risk, and hands-on experience with modern analytics and data tools.
Key Responsibilities
1. 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)
- Assess alignment with risk appetite, credit policy, and regulatory expectations
2. 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
3. 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
4. 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)
- Tableau / Power BI (dashboarding & visualization)
- Excel
- Partner with data owners to ensure data quality, completeness, and usability
- Contribute to automation and efficiency improvements in reporting and analytics workflows
5. 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)
- 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
Salary:
$74,000.00 - $138,000.00Pay 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
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.
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 http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
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.