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Senior Manager - Fraud Model Risk Management R200004759

Job ID3A-2A-C8-3B-4D-81
CompanyBMO Financial Group
Date Posted2020-04-27
Posted Until2020-05-27
Job TypeFull-time
Job CategoryFinance
The Financial Crimes Unit (FCU) brings together our Cybersecurity, Fraud and Physical Security capabilities to address the ever-growing and increasingly complex global security environment. It is a highly collaborative effort that greatly enhances BMO’s ability to rapidly prevent, detect, respond to, and recover from all security threats. This position offers a unique experience to learn from experienced leaders in the industry, join a team building the 21st century model for security and helping grow the good by protecting our customers and communities.

Performs sophisticated data analytics to explore and identify known or previously unidentified criminal behaviours among customer and employee groups across BMO. Supports investigations against people or property of BMO by providing key data or supporting the investigative process. Applies knowledge of analytics algorithms and technologies to develop analytic solutions and support decision making. Develops and implements the strategies for technology as related to business requirements. Acts as a subject matter expert on BMO data and data modelling for criminal risk mitigation to guide management programs and investigation activities. Drives innovation through the development of data products, establishes best practices and influences data governance guidelines and policies.


• Manages people and leads a team capable of delivering the desired business results.
• Provides strategic input into business decisions as a trusted advisor.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Ensures alignment between analytics, business and technical sides of strategies to improve performance and effectiveness.
• Conducts independent analysis and assessment to resolve strategic issues.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Monitors and tracks performance, and addresses any issues.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Applies risk mitigation and management methods to manage/refines risk approaches within the function/process. Ensures policies, processes and controls are implemented and adhered to.
• Develops/manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
• Leads/participates in the design, implementation and management of core business/group processes.
• Identifies and understands new and emerging patterns of fraud, both external and internal.
• Identifies and acquires appropriate data for fraud analysis based on knowledge of BMO product, data warehouse systems and architectural linkages.
• Develops complex technical rules/ scenarios to maximize the effectiveness of fraud detection and prevention programs.
• Applies statistical, data mining and pattern analysis techniques to determine relationships between transactions, customer data and known/predicted fraudulent behaviours.
• Summarizes statistical findings, draws conclusions and presents actionable business recommendations.
• Conducts programming as required for data mining mainframe jobs and develops detection rules/ scenarios or automated reports for Investigator use.
• Develops and maintains models and metrics, scenarios, profiles and parameters used to improve the efficiency of fraud detection systems.
• Manages risk and minimizes losses through monitoring, controlling, audits and verifications in accordance with compliance requirements, policies, procedures and regulations.
• Provides leadership and oversight on the identification, analysis and resolution of issues, recommending appropriate courses of action and creating solutions.
• Supports development and execution of strategic initiatives in collaboration with stakeholders.
• Leads/participates in the design, implementation and management of core business/group processes.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.
• Typically 7+ years of relevant experience and a Masters degree in related field of study.
• Advanced technical skills and knowledge.
• Advanced knowledge of fraud and security management.
• Advanced knowledge of Statistical Analyses and Human Behaviour Modeling.
• In-depth knowledge of risk and technology management as applied to fraud and/or criminal risk.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
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.
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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.