Application Deadline:

Address:
33 Dundas Street West

Job Family Group:

Audit, Risk & Compliance

Join a high-impact team at the forefront of strategic credit decisioning-where your leadership will shape the robustness of credit risk across BMO's retail and private wealth portfolios. As a Senior Manager, Retail Credit Portfolio Oversight and Governance you will be responsible to provide oversight, monitoring and reporting of credit risk strategies and policies for the Unsecured Lending portfolio. You will be responsible for assisting in the development and implementation of credit risk policies & standards, methodologies and controls that increase transparency, accuracy, and consistency across groups.

At BMO, we're more than a bank-we're a purpose-driven organization committed to Boldly Grow the Good in business and life. As one of North America's top ten banks, we foster an inclusive, high-performing culture built on integrity, empathy, and innovation. Our Employee Value Proposition centers on personalized career development, competitive rewards, and holistic well-being-mental, physical, social, and financial. We empower our people to shape their future through continuous learning, flexible work arrangements, and vibrant Employee Resource Groups.

1. Policies, Procedures and Credit Strategies Governance and Oversight

Supports strong governance across credit functions by ensuring policies and procedures are followed, risks are managed effectively, and regulatory expectations are met. Provide independent and effective challenge to credit policy and credit procedure changes, amendments, and work collaboratively on new developments.

Key Responsibilities:

Relationship Management: Build and maintain strong connections with credit teams across business lines to ensure consistent policy / framework adherence.

Change Leadership: Lead change initiatives, including planning, stakeholder engagement, execution, and long-term sustainability.

Risk Alignment: Review new products, policies, and credit strategies to ensure they align with the bank's risk appetite and include proper risk mitigation.

Documentation Support: Help create clear and comprehensive documents for credit strategies and related processes.

Regulatory Awareness: Stay informed on relevant regulations and assess their impact on governance and policy frameworks.

Advisory Role: Act as a trusted advisor and subject matter expert on credit-related regulations and policies, identifying emerging trends and issues.

Audit Representation: Represent the governance function during internal and external audits or regulatory reviews.

2. Reporting and Analytics

Focus on monitoring credit strategy performance, providing insights through data analysis, and delivering accurate reporting to support decision-making. Breaks down strategic problems, and analyses data and information to provide insights and recommendations.

Key Responsibilities:

Performance Monitoring: Track credit strategy results and flag any issues.

Analysis: Define business needs for analytics and reporting to enable data-driven decisions and conduct independent assessments to address strategic challenges and ad-hoc investigations

Reporting & Dashboards: Design and deliver regular and ad-hoc reports and dashboards.

Governance: Manage review and approval processes for all reporting outputs.

3. Leadership

Drives Collaboration and Influence: Shapes timelines and deliverables through strong negotiation and influence, ensuring alignment with business goals.

Strategic Problem-Solving: Leverages expertise and innovative thinking to navigate complex, ambiguous challenges and deliver effective solutions.

Inclusive Leadership: Champions values-driven behavior that promotes diversity, equity, and inclusion across teams and initiatives.

Qualifications

• 3+ years of relevant experience and a graduate degree in related field of study or an equivalent combination of education and experience (advance level degrees preferred).

• Knowledge of risk management theory, processes and portfolio management reporting techniques.

• Willingness to learn and ability to navigate ambiguous business problems to arrive at a solution

• Stakeholder management skills to lead the change and drive new processes

• Analytical mindset to define and solve complex problems

• Hands on experience with data extraction and analysis using tools such as SAS, SQL, or Python.

• Knowledge and understanding of modelling & analytics concepts and applications.

• Knowledge and understanding of credit risk monitoring framework

• Knowledge and understanding of regulatory requirements.

Salary :

$86,000.00 - $160,000.00

Pay Type:

Salaried

The 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 https://jobs.bmo.com/ca/en .

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. To request accommodation, please contact your recruiter.

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.