Director, Artificial intelligence & Innovation

About the Role

Key Responsibilities

• Manage a team of data scientists to bring advanced analytical algorithms and modeling approaches to solving BMO Commercial Banking business problems.
• Partner with stakeholders across the Commercial Bank to uncover opportunities and develop a prioritized roadmap aligned with BMO's strategic objectives.
• Collaborate with the Data Engineering and Model Operations team to source data required for model development and operations.
• Develop solutions appropriate to the problem statements, ensuring integration with business processes.
• Work with the Sr. Manager, Strategy and Governance to meet governance requirements, including Responsible AI, Model Validation, Legal, Regulatory, and Compliance.
• Prepare artifacts to fulfill the bank's Model Validation and Model Risk Management requirements.
• Provide oversight and ongoing monitoring over deployed analytical assets and models, taking appropriate actions when needed.
• Use data mining and extracting usable data from valuable sources to assess the feasibility of AI/ML solutions.
• Conduct large-scale analysis to discover patterns and trends by combining different modules and algorithms.
• Use analysis to provide recommendations and advice for business leaders to maintain market competitiveness.
• Develop prediction systems and machine learning algorithms.
• Investigate additional technologies and tools for developing innovative data solutions.
• Collaborate with the product team and partners to understand and provide data-driven decision making, business planning, and future roadmap.
• Build interdependent teams that collaborate across functions to create value for stakeholders.
• Attract, retain, and enable the career development of top talent.
• Improve team performance, recognize and reward performance, coach employees, and support their development.
• Operate at a group/enterprise-wide level and serve as a senior specialist resource.
• Apply expertise and think creatively to address complex problems and find solutions.
• Communicate abstract concepts in simple terms.
• Foster strong internal and external networks to achieve business objectives.
• Anticipate trends and implement appropriate changes.

Requirements

• Expert level of proficiency in mathematics, statistics & operations research.
• Expertise in artificial intelligence, deep learning, and machine learning.
• Knowledge of trust, bias, and ethics in AI.
• Strong creative and critical thinking skills.
• Experience with big data, data visualization, and computational thinking.
• Proficiency in data wrangling and preprocessing.
• Excellent verbal and written communication skills.
• Strong analytical and problem-solving skills.
• Influence and collaboration skills, with a focus on cross-group teamwork.
• Ability to manage ambiguity and data-driven decision making.
• Typically 9+ years of relevant experience and/or certification in a related field or an equivalent combination of education and experience.
• Industry expertise and recognition as a technical thought leader for innovation.

Nice to Have

• Experience with data modeling and predictive analytics.
• Familiarity with legal, regulatory, and compliance requirements related to AI.
• Experience in financial services or banking industry.

Qualifications

• Typically 9+ years of relevant experience and/or certification in a related field.
• Formal education or certification in data science, AI, or related disciplines.

Benefits & Perks

• Salary range of $164,400.00 - $285,600.00, with potential performance-based incentives and bonuses.
• Health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
• Additional perks and rewards as part of BMO's total compensation package.
• Supportive work environment with training, coaching, and career development opportunities.