Application Deadline:

Address:
VIRTUAL59 - REMOTE/TELETRAVAIL - ON - BMO

Job Family Group:

Audit, Risk & Compliance

Commercial Real Estate Appraisal Services Unit (CREASU) Canada provides oversight and management of an Appraisers Evaluation Process (AEP) that monitors and tracks external appraisers' performance based on reviews of select commercial R/E appraisal reports. CREASU U.S. and CREASU Canada primarily exist because of U.S. and Canada banking regulations, respectively. CREASU Canada AEP provides consultation services related to regulations, guidelines, operating procedures, and appraisal standards to Canada lines of business as well as Credit relative to specific proposed transactions.

Responsibilities include but are not limited to:

• Commercial real estate appraisal reviews based on proposed transaction details including purchase/sale, lease, and restrictive agreements.
• Evaluate environmental risk factors and concerns
• Review of policy, operating procedures, financing guidelines, regulations/regulatory guidelines, and appraisal or environmental standards regarding clarification and applicability to proposed transactions
• Prepare environment reports for Canadian Real Estate Financing as per the Environmental & Social Risk Policy
• Update appraisal policies
• Cross functional collaboration to complete Canadian appraisal policy publication
• Maintain Elevated Security List

Monitors, analyzes and reports on the quality of appraisals for a designated lending portfolio. Examines individual appraisals and aggregate level portfolio information to provide insights on the accuracy and consistency of decisions relative to risk strategies, policies, and appetite. Identifies deficiencies and recommends corrective action plans. Supports the implementation, maintenance, and sustainment of vendor appraisal services used by BMO.

• Provides strategic input into business decisions as a trusted advisor.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
• Measures the effectiveness of risk governance system and framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Defining business requirements for analytics & reporting to ensure data insights inform business decision making.
• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.
• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Manages the review and sign-off process for relevant regulatory reporting.
• Guides/assists in the identification and classification of issues; recommends action plans.
• Leads and integrates the monitoring, measurement & reporting on the status of the governance program to internal & external stakeholders.
• May provide specialized support for other internal and external regulatory requirements.
• Provides input into the planning and implementation of ongoing operational programs in support of the risk framework.
• Leads/participate in the design, implementation and management of core business/group processes.
• Independently examine appraisals and evaluations prepared by vendors or BMO appraisers for adherence to all policies / procedures and standards applicable to the transaction based on established assessment processes.
• Assesses the credibility and/or reliability of appraisals performed for the Bank, as well as the reasonableness of the appraisal value conclusions.
• Documents and reports results of reviews on an individual and summary basis; identifies and recommends action plans for resolving issues.
• Identifies where corrective actions are required (e.g. incomplete investigations and analysis, possible fraudulent transactions) and escalates per guidelines; ensures corrective action is taken as necessary.
• Reviews third-party vendor applications for placement on the approved appraiser list against supplier standards.
• Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
• Builds effective relationships with internal/external stakeholders.
• Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
• Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences.
• Supports the development and promotion of a business/group program.
• Executes work to deliver timely, accurate, and service.
• 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.

Qualifications:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• AACI (Accredited Appraiser Canadian Institute) or equivalent preferred.
• Experience in commercial appraisal and/or review.
• Strong knowledge of banking regulations and valuation techniques
• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• 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.

Salary :

$94,600.00 - $176,000.00

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.