Credit Audit Manager — Risk & Controls Lead

BMO Financial Group; Chicago (IL); Hybrid; USD 75,000 - 160,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO is seeking an Audit Manager, Credit in Chicago to independently execute audits across U.S. banking and North American segments. You will assess credit policies, conduct governance and regulatory reviews, and advise on risk and controls with a focus on operational effectiveness.

The role requires extensive experience in retail credit and audit, strong analytical skills, and ability to lead cross-functional teams in a hybrid work environment. Competitive compensation and benefits apply.

Qualifications

• Undergraduate degree or equivalent with 7–10 years of relevant retail and/or business purpose lending or credit risk management experience.
• Strong knowledge of internal controls and risk assessment.
• Experience with U.S. banking regulations and credit risk management practices.

Responsibilities

• Audit execution: assist in planning and engagement execution; document work papers; propose action plans for deficiencies.
• Credit assessment: review loans and provide independent risk assessment on credit policies, underwriting quality, and problem credits.
• Governance assessment: assess risk governance effectiveness over credit portfolios and alignment with risk appetite.
• Regulatory review: evaluate compliance with banking laws and regulations within the audit scope.
• Business operations: assess key processes to ensure effective credit administration and risk management.

Skills

Critical thinking

Interpersonal skills

Planning & organizing

Leadership potential

Relationship management

Analytical thinking

Microsoft Office

Education

Bachelor's degree

Job description

BMO is seeking an Audit Manager, Credit in Chicago to independently execute audits across U.S. banking and North American segments. You will assess credit policies, conduct governance and regulatory reviews, and advise on risk and controls with a focus on operational effectiveness.

The role requires extensive experience in retail credit and audit, strong analytical skills, and ability to lead cross-functional teams in a hybrid work environment. Competitive compensation and benefits apply.