Credit Manager, Personal & Business Banking

BMO; Burnaby; On-site; CAD 68,000 - 126,000; Full time

Job summary

A leading bank is seeking a Credit Manager to adjudicate credit applications and provide training within their Business Bank and Retail Consumer segments. The ideal candidate will have significant experience in credit management and a strong understanding of banking products, ensuring alignment with the bank's risk tolerance and policies. This role offers opportunities for professional growth and development.

Benefits

Training and development opportunities

Incentives and bonuses

Comprehensive benefits package

Qualifications

• Typically 5-7 years of relevant experience.
• Knowledge of credit qualifications, banking products, and credit management policies.
• Commercially qualified with current C&I recommending limit.

Responsibilities

• Provide independent review and adjudication of credit applications.
• Contribute to developing and implementing lending policies.
• Train and support originating teams and channels.

Skills

Leadership

Analytical skills

Coaching

Influence

Ambiguity management

Education

Post-secondary degree or equivalent

Job description

This Credit Manager role primarily involves adjudicating Canadian Business Bank transactions, requiring a commercially qualified candidate with current commercial recommending C&I limit. The position may also involve some retail transactions as the team engages in both Canadian Business Bank and Retail Consumer segments.

Responsibilities include providing independent, objective review and adjudication of credit applications within assigned portfolios, ensuring credit quality aligns with the Bank's risk tolerance, policies, procedures, and financing guidelines. The role supports credit adjudication operations and initiatives, and provides training and support to originating teams and channels.

1. Recommends alternatives to credit proposals, such as restructuring applications or using special loan plans.
2. Contributes to developing and implementing lending policies and procedures.
3. Acts as a trusted advisor to assigned business groups.
4. Influences and negotiates to achieve business objectives.
5. Recommends and implements solutions based on analysis of issues and implications.
6. Assists in developing strategic plans and identifying emerging issues and trends.
7. Designs and delivers training programs, and helps determine business priorities.
8. Conducts independent analysis to resolve strategic issues and supports strategic initiatives.
9. Ensures stakeholder alignment and integrates information for efficient processes and reporting.
10. Leads change management activities and develops communication plans to influence behavior.
11. Provides technical expertise and supports workflow management.
12. Reviews credit transactions, communicates decisions, and advises on terms, conditions, and collateral requirements.
13. Keeps abreast of economic and market developments to inform risk policies.
14. Provides approval for exceptions and monitors the credit portfolio for compliance.
15. Offers credit risk coaching to sales and service teams, and builds relationships with stakeholders.
16. Prepares reports, dashboards, and monitors performance.
17. Executes work efficiently, focusing primarily on business groups within BMO, with potential enterprise-wide responsibilities.
18. Provides consulting, analytical, and technical support, and handles non-routine situations independently.

Qualifications :

• Commercially qualified with current C&I recommending limit.
• Typically 5-7 years of relevant experience, with a related post-secondary degree or equivalent.
• Knowledge of credit qualifications, banking products, industry trends, regulations, and credit management policies.
• Proven leadership, coaching, analytical, influence, and ambiguity management skills.

Salary : $68,000 - $126,000

This range reflects BMO's pay scale, with actual salaries varying based on location, skills, experience, education, and qualifications. Compensation may include incentives, bonuses, benefits, and other perks.

We are committed to creating positive change and supporting our employees' growth, offering training, coaching, and development opportunities.