Application Deadline:

02/13/2025

Address:

320 S Canal Street

Job Family Group:

Data Analytics & Reporting

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.  #ERPMDreamJobs

This role is accountable for leading the evolution and development of a robust and dynamic credit portfolio management function for the enterprise and US entities. A fundamental understanding of credit risk, the bank’s lending practices and businesses in both the Canadian and US markets (including underwriting), credit structuring and a strong handle of the overall credit markets in Canada and the US is critical for this role. 

This role also requires the ability to understand the highly quantitative aspect of many risk disciplines and to bring the business perspective forward to the quantitative discipline, utilizing results of such quantitative analytics to enable execution of portfolio management strategies.  Working closing with both quantitative as well as business colleagues, the ability to communicate on both a technical/quantitative and business basis is important for success.   

This role includes development and execution of active portfolio management and offlay of credit risks (both single name and industry/product concentrations), assessment of the risk return of key concentrations and recommendation of capital deployment, reporting and assessment of key concentrations which are presented at various risk committees including RMC/RRC, fundamental understanding of credit methodologies including risk rating models and key risk drivers such as PD/LGD/EAD and the stress testing of key concentrations under various business strategies to determine reasonableness under stress against the bank’s overall risk appetite. 

This role is accountable to work with senior business leaders, senior risk leaders (including the CRO), finance colleagues, , and transactional credit teams (including the SCO) to achieve objectives in enhancement of the credit portfolio management discipline.

In addition, this role will be responsible for ongoing changes in market & regulatory environment and provide assessment and forward looking views of the portfolio that require analysis on a more adhoc basis.  As a central function, this role is instrumental in ensuring a holistic overview of the credit risk portfolio and assessment and execution of credit portfolio management strategies for the Enterprise. 

NOTE: All accountabilities below are equally required for Enterprise and US entities

Assessment of Industry Reviews and Deep Dives

Determine based on credit limit framework and through detailed trending analysis, industries or concentrations presenting emerging risk or requiring further review

Utilize results of reviews and quantitative analytics to recommendation credit portfolio management strategies for risk mitigation, reduction and/or removal from balance sheet

Risk Transfer

Take a lead role in for ERPM in the understanding and enhancement of various risk transfer options, both at a single name and concentration perspective including best practices in the industry with respect to credit portfolio management

CPM expert on risk transfer initiatives in the institution and the impact, if any, to credit risk concentration limits

Maintain engagement with Capital solution, treasury and capital management to ensure understanding of pipeline of transactions

Development of strategy and ensuring execution for risk mitigation, reduction and / or removal for “tall trees” – both single name and industry wide

Engage with LOB, finance, and Capital Markets with respect to development of additional risk offloading options / toolkits to effectively reduce, transfer, and/or mitigate credit risk

Active Portfolio Management

Establish ERPM’s Active Portfolio Management function

Develop strategy and ensure execution for risk mitigation, reduction and / or removal for “tall trees” – both single name and industry wide

Engage with LOB, finance, and Capital Markets with respect to development of additional risk offloading toolkits to effectively reduce, transfer, and/or mitigate credit risk

Risk Return

Key team member and liaison between finance, risk reporting and CPM to develop a consistent risk return metric for analysis across products, industries and LOBs

Knowledge

10+ years of relevant banking experience; preference to have minimum of 5 years corporate banking or relevant capital markets experience with focus on credit risk

Professional designation or graduate degree, such as MBA, Chartered Financial Analyst (CFA), or accounting designation,

In depth knowledge of BMO Risk Management approach and overall knowledge of BMO;

Solid knowledge of BMO Risk Policies and Processes; including solid knowledge of credit risk policy and overall lending practices

Understanding of multi-jurisdictional legal / regulatory environment

Awareness of financial and business marketplace and risk issues affecting various industries, with particular focus on proactive management of current and future potential issues impacting on the businesses

Experience working in close partnership with stakeholders at various levels in a way that maximises their participation and leverages their support

Skills

Expert oral / written communication skills

Strong attention to detail with a proven decision making ability

Highly developed personal effectiveness skills, which include the ability to influence and negotiate, adapt to varying conditions and apply creativity and seize personal development opportunities

Ability to use both excel and powerpoint is critical

Ability to interface effectively with Senior Executives of BMO and ability to work in cross disciplinary teams is critical

Ability to lead cross disciplinary teams to achieve a goal

Ability to think creatively and ‘outside the box’; able to advance new concepts and ideas and work effectively in “white space”

Salary:

$128,000.00 - $238,000.00

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 http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

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.