Head, CBB Lending & Segment Operations

BMO; Toronto; On-site; CAD 160,000 - 190,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group seeks Head of CBB Segment & Lending Operations in Toronto to lead national underwriting, funding, middle office, and risk controls for the Business Banking segment. You will drive efficiency, scalability, and rigorous risk management while partnering with Sales, Risk, AML, and Fraud teams to support growth and client satisfaction.

You will shape operational strategy, optimize processes, digitize lending workflows, maintain portfolio quality, and develop high-performing teams

Qualifications

• University degree or equivalent.
• MBA or equivalent preferred.
• Extensive leadership experience in financial services.

Responsibilities

• Lead national Segment, Credit & Lending Operations including underwriting, funding, middle office and risk controls.
• Drive productivity, capacity, and digital initiatives to improve turnaround times and cost efficiency.
• Ensure sound risk management and adherence to credit policies and regulatory requirements.
• Mentor and develop a high-performing team across Canada with strong collaboration with Sales, Risk, AML and Fraud.

Skills

Strategic leadership

Operational excellence

Credit/Lending knowledge

Regulatory compliance

Stakeholder collaboration

Education

University degree

MBA or equivalent

Job description

Address:
33 Dundas Street West

Job Family Group:
Customer Shared Services

As a key member of the Business Banking leadership team, the Head of CBB Segment & Lending Operations supports the execution of the Canadian Business Banking (CBB) strategy by delivering efficient, scalable, and risk-managed segment, credit and lending operations that optimize client experience, sales effectiveness, portfolio performance, and profitability, while driving continuous operational efficiencies, productivity improvements, and process simplification to enhance capacity, service quality, and business performance. Leads the national underwriting/adjudication, funding, middle office, file review, KYC remediation and fraud due diligence support teams, ensuring operational excellence, sound risk management, and consistent service delivery across the business. Holds unilateral credit authority and provides leadership on complex lending decisions, balancing client needs with prudent risk management within the Bank's approved risk appetite.

• Leads the national Segment, Credit & Lending Operations function, including underwriting/adjudication, funding, middle office, file reviews, and fraud due diligence support activities, supporting CBB clients.
• Leads operational performance management across the function and holds accountability for improving operational productivity and creating capacity to support business growth through workflow optimization, simplification, and technology-enabled solutions.
• Identifies opportunities to simplify, standardize, digitize, and automate lending processes to improve turnaround times, scalability, risk management, client experience, and reduce avoidable operating costs.
• Delivers exceptional client and employee experiences by ensuring timely, accurate, and efficient execution of lending activities across the business.
• Partners with Business Banking Sales, Products, Risk Management, AML, Fraud, and other key stakeholders to align operational capacity, capabilities, priorities, and service levels with business growth objectives.
• Oversees credit underwriting, funding, credit file reviews, fraud due diligence, and key administrative activities for new and existing clients, ensuring sound adjudication, quality decision-making, and consistent application of credit policies and standards.
• Exercises unilateral lending authority and provides guidance on complex or escalated lending decisions, ensuring recommendations adhere to sound credit-granting principles and regulatory requirements.
• Maintains accountability for portfolio quality through effective monitoring, annual reviews, early identification of emerging risks, and proactive portfolio management practices.
• Ensures the quality and integrity of credit analysis, portfolio monitoring, customer and account controls, and risk management processes to protect the Bank's assets and support sustainable business growth.
• Maintains a strong control environment by ensuring compliance with internal policies, lending directives, regulatory requirements, audit standards, AML obligations, and operational risk management practices.
• Provides oversight of discretionary lending authorities and related controls, ensuring appropriate governance, monitoring, reporting, and escalation practices are in place.
• Within the mandate of this role, promotes and supports the Bank’s risk culture including ensuring employees understand their accountabilities for risk-taking activities, promoting an environment of open communication and effective challenge, and establishing the "tone from the top" through leading by example.
• Takes measured risks while protecting the bank by applying our Risk Management Framework in the execution of their role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.
• Role models driving simplicity and productivity enhancements for optimization across groups driving continuous improvement on key measures.
• Activates our winning culture, aligned with Purpose. Ignites engagement by aligning our culture to our strategy and fueling exceptional execution
• Fosters an inclusive environment for all employees by eliminating barriers to inclusion.
• Develops leaders, plans for succession, and fosters a high-performance culture.
• Drives top talent acquisition and retention, developing organizational capabilities to drive competitive advantage.
• Leads and mentors a team with diverse risk and business experience, skills, and orientation.
• Leads, promotes, and reinforces the Bank’s Ambition; personally, role models One Bank leadership; drives sustainable improvements in customer loyalty and business growth; adheres and supports enterprise customer experience and brand standards.

Qualifications:

• University degree or equivalent experience. Preferred: MBA or equivalent
• 10+ years Financial Services management experience, including senior leadership experience;
• Demonstrated experience leading and transforming operational areas within financial services, including identifying and executing against key optimization initiatives to drive increase efficiency and productivity
• Experience in financial services risk management and an understanding of regulatory and internal requirements
• In-depth knowledge of Bank products, Bank organization, and banking group inter-relationships
• Expert business acumen
• Credit/Lending experience would be considered an asset
• Excellent organizational, communications, presentation, and relationship management skills
• Excellent managerial leadership and change leadership skills
• Excellent coaching and interpersonal skills
• Solid performance management and people development skills
• Demonstrated excellent negotiation, problem resolution and leadership ability
• Planning and organizing skills and ability to manage multiple priorities

Please note the base salary range for this position is CAD $160,000.00 to CAD $190,000.00

Salary :

Pay Type:

Salaried

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.