Artificial Intelligence Developer - Job Opportunity at BMO Financial Group

Toronto, Canada
Full-time
Senior
Posted: March 17, 2025
On-site
CAD 92,400-171,600 per year

Benefits

Comprehensive health insurance with competitive coverage
Career development through tuition reimbursement program
Life and accident insurance protection
Retirement savings plans with employer matching
Performance-based incentives and discretionary bonuses

Key Responsibilities

Lead development and optimization of enterprise-wide AI models with direct business impact
Drive technical implementation of AI algorithms for complex financial use cases
Ensure AI model performance and validation across multiple business domains
Translate strategic business requirements into technical specifications
Maintain system integrity through preventative maintenance and optimization
Guide security and compliance standards for AI implementations

Requirements

Education

Bachelor's/Master's degree in computer science, data science, mathematics or related fields. Ideally a Masters' Degree or PhD level program

Experience

5+ years developing AI and ML solutions/models, 2+ years in Financial Services (Banking)

Required Skills

Python Pyspark Unsupervised machine learning Deep learning Reinforcement learning Convolution networks (CNG) Statistics Hyper parameter tuning Data management Data lakes Data engineering Data wrangling Entity resolution Human behavior analysis
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are rapidly expanding their AI capabilities to enhance risk assessment, fraud detection, and customer experience personalization The convergence of traditional banking with AI-driven solutions is creating high demand for specialists who understand both domains Growing regulatory focus on AI governance and ethics is driving need for robust validation and monitoring frameworks

Salary Evaluation

The offered salary range of CAD 92,400-171,600 is competitive for the Toronto market, particularly considering the senior level and specialized AI expertise required. The wide range suggests room for negotiation based on experience and specialized skills.

Role Significance

Likely part of a specialized AI team of 5-10 members within a larger data and analytics organization
Senior individual contributor role with significant technical authority and strategic input on AI implementations

Key Projects

Development of customer behavior prediction models Risk assessment and fraud detection systems Process automation and efficiency optimization Customer experience personalization engines

Success Factors

Deep understanding of both AI technologies and financial services domain Ability to bridge technical and business requirements Strong focus on model validation and performance monitoring Excellence in collaborative development across multiple stakeholder groups

Market Demand

Very high demand with continued growth expected. Financial institutions are competing aggressively for AI talent, particularly those with domain expertise in banking.

Important Skills

Critical Skills

Deep learning and AI model development expertise is essential for creating sophisticated financial models Python and PySpark proficiency crucial for handling large-scale data processing Financial services domain knowledge critical for understanding use case applications

Beneficial Skills

Cloud platform expertise for scalable implementations Knowledge of AI governance and ethics frameworks Familiarity with regulatory compliance in AI applications

Unique Aspects

Role combines enterprise-scale AI development with direct financial services application
Opportunity to work on cutting-edge AI implementations in a regulated environment
Position offers exposure to both technical excellence and business domain expertise

Career Growth

2-3 years in role before progression, depending on project success and leadership demonstration

Potential Next Roles

Lead AI Architect AI/ML Engineering Manager Head of AI Strategy Technical Director - AI Solutions

Company Overview

BMO Financial Group

BMO Financial Group is one of Canada's largest banks with significant international presence and a strong focus on digital transformation

Among top 10 largest banks in North America with growing investment in AI and digital capabilities
Major employer in Toronto's financial district with significant technology operations
Traditional banking environment evolving toward technology-focused culture with emphasis on innovation and digital transformation
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