BMO Financial Group Manager, Incentive Compensation Analytics in Chicago, Illinois
The Incentive Comp Analytics Manager works with management and business partners to support the design, development, and implementation of variable incentive compensation plans while employing advanced analytical solutions. We are looking for a strategic thinker with the ability to dissect business problems, conduct research, and utilize advanced statistical analysis to identify trends, variations, patterns, and insights relating to banker & branch performance, incentive plan effectiveness, and build end-to-end analytical solutions.
This is an exciting opportunity that is on the forefront of a critical enterprise capability, providing thought leadership to U.S. Personal and Business Banking on the value of data and analytics. The incumbent will recognize the need for strict security and be able to use good judgment and professional tact when handling confidential and sensitive matters appropriately and timely. The incumbent will also work with and support multiple lines of business and will closely collaborate with Corporate Compensation, Human Resources, Finance, Compliance, and Risk.
Support Senior Management on incentive plan design, modeling, and evaluation, as well as other analytical projects of varying sizes and complexities, including:
Coordinate and co-lead new initiatives, including assisting in developing methodology and gathering data requirements
Identify the best analytical techniques that can be effectively applied to designing, modeling, evaluating, documenting, communicating, and implementing variable compensation plans including contests
Participate in business partner interviews/discovery sessions, brainstorming/design sessions, and other intake forums to capture business objectives to help drive change and ensure alignment to LOB, finance, sales, and marketing strategies
Building end-to-end automated analytic solutions that are intuitive, simple to maintain, and drive real business outcomes
Work closely with Administration team to address compensation plan questions and gaps
Responsible for the design, development, and implementation of innovative analytical solutions, including but not limited to:
Data gathering and cleansing, statistical transformation, feature engineering & selection
Apply analytical techniques such as linear/non-linear models, clustering, and optimization
Visualize and build reports and visualizations to effectively communicate data driven insights to users for a variety of audiences
Develop accurate financial models and make recommendations regarding financial impact of initiatives and projects – Prepares sales and incentive payout projections to interpret and communicate actual results against budget and forecasts future variable compensation expenditure
Possesses a university degree in mathematics, statistics, physics, engineering, or finance (Masters preferred)
3 to 6 years of experience in an analytics role is required, with practical experience in variable compensation design and administration strongly preferred
3 years of experience in a banking or financial services is desired
Advanced skills in Python, R, or SAS, including relevant packages and statistical testing methodologies
Demonstrates strong communication skills (both written and verbal) and relationship management skills at a senior management level
Shows strong knowledge of mathematical and statistical models in a highly technical context, with proven record of building solutions to complex problems
Exhibits advanced critical thinking skills, integrative skills and creativity to drive innovation
Demonstrates ability to build a good fact base, apply sound reasoning, and generate relevant recommendations that get implemented and lead to business success
Able to work highly independently and manage multiple priorities in an agile fast paced environment
Possesses solid leadership skills and is able to work successfully with a team that has diverse skills, knowledge, and educational backgrounds
Demonstrates strong attention to detail and a high level of due diligence
We’re here to help
At BMO Harris Bank we have a shared purpose; we put the customer at the center 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 Harris Bank 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://bmoharriscareers.com .
BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Business Analytics & Reporting
BMO Financial Group
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