Senior Credit Manager

BMO; Winnipeg; On-site; CAD 118,000 - 221,000; Full time

Job summary

A leading financial services provider in Winnipeg is seeking a Senior Credit Manager responsible for independent credit applications review and ensuring credit quality. The ideal candidate will have over 7 years of experience and a post-secondary degree in a related field. Skills in analytical thinking, leadership, and communication are essential for this role, which offers a competitive salary range of $86,000.00 - $160,000.00.

Benefits

Health insurance

Tuition reimbursement

Retirement savings plans

Qualifications

• Typically 7+ years of relevant experience.
• In-depth knowledge of banking products and services.
• Credit qualifications according to established standards.

Responsibilities

• Provides independent review and adjudication of credit applications.
• Ensures credit quality of assigned portfolios.
• Provides training and support to teams involved in credit applications.

Skills

Analytical skills

Leadership skills

Communication skills

Collaboration & team skills

Problem-solving skills

Education

Post-secondary degree in a related field

Job description

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Provides independent, objective review and adjudication of credit applications and transactions for an assigned portfolio within credit limits or makes credit recommendations and escalates as required. Ensures the credit quality of the assigned portfolios is maintained within the Bank’s risk tolerance, policies & procedures, and meets financing guidelines. Supports credit adjudication operations and initiatives. Provides training and support to teams and channels where the applications and transactions originate.

• Works with stakeholders to ensure effectiveness of risk management controls, analysis, and monitoring on a transactional and portfolio basis.
• Provides credit coaching, training, and support to the direct team and other stakeholders as required.
• 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.
• Influences and negotiates to achieve business objectives.
• Identifies emerging issues and trends to inform decision-making.
• Recommends business priorities, advises on resource requirements, and develops a roadmap for strategic execution.
• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Ensures alignment between stakeholders.
• Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis, and reporting.
• Integrates information from multiple sources to enable more efficient processes, enhanced analysis, and/or streamlined reporting.
• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
• Employs systems (e.g., customized exception reports, tracking reports, etc.) to manage information.
• Breaks down strategic problems, analyzes data and information to provide insights and recommendations.
• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
• Leads the development of the communication strategy focusing on positively influencing or changing behavior.
• Collaborates across BMO to develop communication strategies and ensure consistency of messaging, to positively influence or change behavior.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Supports credit due diligence activities for bank acquisitions or integration.
• Reviews and communicates decisions on credit transactions with rationale that can be understood and explained to customers.
• Identifies and advises on terms, conditions, and collateral requirements for the transaction decision as well as opportunities for cross-selling and/or alternative solutions to meet client’s needs.
• Keeps abreast of economic and market developments within the portfolio to inform decision making and credit risk policies.
• Provides approval for exceptions according to established policy and standards.
• Monitors the credit portfolio through transaction review & approval to ensure compliance with the Bank’s lending policies and procedures.
• Provides credit risk coaching and advice to sales & service employees to increase awareness of risk, policy, and knowledge of structuring transactions.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Builds effective relationships with internal/external stakeholders.
• Gathers and formats data into regular and ad-hoc reports, and dashboards.
• Monitors and tracks performance and addresses any issues.
• Executes work to deliver timely, accurate, and efficient 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 complex and non-routine problems.
• 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 a related field or an equivalent combination of education and experience.
• Credit Qualifications and associated credit knowledge and skills according to the established qualification standards.
• In-depth/expert knowledge of banking products & services, industry trends, regulations, credit portfolio management policies & procedures, and financing guidelines.
• Proven leadership skills and highly developed coaching skills.
• 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.
• Must be Grey Listed.

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 the 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 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.

Seniority level

Not Applicable

Employment type

Full-time

Job function

Finance and Sales

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