Director, Asset & Wealth Management, Portfolio Management

BMO; United States; On-site; USD 225,000 - 275,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Retirement savings plans

Job summary

BMO Capital Markets is seeking an experienced Director to lead credit structuring, underwriting, and portfolio management for asset and wealth management clients and sponsor funds. You will guide due diligence, ISDA/CSA negotiations, and documentation in collaboration with Legal, Risk and product teams.

You will design scalable underwriting models and lead high‑volume originations while maintaining credit quality.

Qualifications

• Typically 8–10+ years in corporate banking, credit underwriting, risk and portfolio management.
• MBA, CFA, CPAs or equivalent credentials are highly regarded.
• Experience structuring, underwriting and executing lending transactions.
• Strong ability to engage directly with clients in diligence capacity.

Responsibilities

• Lead credit structuring, underwriting and client due diligence for asset & wealth manager borrowers and sponsor funds.
• Oversee underwriting execution, including documentation, templates and escalation protocols.
• Manage a diversified lending and derivatives credit portfolio with risk oversight and periodic reviews.
• Provide leadership and mentorship to Analysts, Associates and VPs; collaborate with cross‑functional teams.

Skills

Credit underwriting

Portfolio management

Leadership

Financial analysis

ISDA/CSA negotiations

Client due diligence

Risk management

Communication

Education

MBA or CFA/CPA preferred

Undergraduate degree in finance/economics

Tools

MS Excel

Financial modeling

Job description

Application Deadline: 11/29/2026 Address: 151 W 42nd Street Job Family Group: Capital Mrkts Sales & Service BMO Capital Markets is a leading, full-service North American-based financial services provider, with over 2,700 professionals in 30+ locations around the world, including 20 offices in North America, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$1.1 trillion total assets and approximately 53,000 employees as of April 30, 2026. #BMOCapitalMarkets

The Director is a senior member of the Corporate Banking team, accountable for leading credit structuring, underwriting, execution, and portfolio management across the Asset & Wealth Management sector. The role combines strong credit judgment, transaction leadership, portfolio oversight, and informal people leadership, with responsibility for underwriting loans to asset and wealth managers and FX and interest rate derivative trading lines for sponsor funds. This is a credit-oriented leadership role, partnering closely with coverage bankers, product teams, Risk, and Legal. This position provides senior underwriting and execution expertise across sub-sectors including, but not limited to, Fund Finance (subscription facilities, NAV facilities, BDC financings), management company financings, and credit facilities supporting trading, treasury, and trade finance activities. A key priority is helping build a scalable underwriting execution model for a high volume of new sponsor fund trading-line originations, while maintaining credit quality and disciplined approvals. The Director will engage directly with clients to lead due diligence and advance credit-related documentation and ISDA negotiations.

Key Responsibilities

Credit Structuring, Underwriting & Client Due Diligence

Act as a senior credit and portfolio management lead for Asset & Wealth Manager borrowers and sponsor fund counterparties. Partner with coverage bankers to help with structuring, underwriting, negotiation, and execution of complex loans to asset and wealth managers, balancing client objectives with the Bank’s risk appetite. Underwrite FX and interest rate derivative trading lines for sponsor funds, assessing counterparty credit quality, fund structures, liquidity, repayment and settlement capacity, and credit support. Lead client diligence discussions to understand business models, financial performance, fund terms, investment strategies, and hedging requirements, translating findings into clear credit recommendations. Lead credit-related ISDA and Credit Support Annex (CSA) negotiations with clients and counsel, in partnership with Legal, Risk, and trading teams, ensuring documentation aligns with approved credit terms. Represent BMO and BMO Capital Markets professionally in client diligence and transaction negotiations, maintaining sector engagement and contributing to the Bank’s standing within the industry and local community.

Underwriting Execution Model & Deal Leadership

Help design and implement a scalable underwriting execution model for a high volume of new trading-line originations, including standardized diligence requirements, credit templates, workflow ownership, and escalation protocols. Lead and review credit applications, approval submissions, and related documentation, ensuring analytical rigour, accuracy, consistent risk assessment, and compliance with approved terms. Present and defend balanced credit recommendations to approval stakeholders, clearly articulating risks, mitigants, proposed structures, and exceptions requiring concurrence. Coordinate coverage, trading, Risk, Legal, and operations stakeholders from initial diligence through approval, documentation, and line activation; manage pipeline priorities, execution capacity, turnaround times, and quality controls without compromising credit discipline.

Portfolio Management & Risk Oversight

Maintain senior accountability for a diversified lending and derivatives credit portfolio, with oversight of credit quality, risk ratings, exposures, performance, and risk‑adjusted returns. Lead annual reviews, renewals, amendments, and ongoing monitoring of borrowers and fund counterparties, including financial performance, covenants, liquidity, collateral and credit support, and emerging risks. Exercise sound judgment in balancing transaction execution and portfolio objectives with credit, market, operational, and legal/compliance risks; elevate deterioration and recommend appropriate risk mitigation. Ensure adherence to internal policies, controls, and regulatory expectations. Monitor regulatory, industry, and market developments affecting the portfolio and proactively adjust underwriting assumptions, monitoring priorities, and risk recommendations.

Team Leadership & Collaboration

Provide leadership, coaching, and oversight to Analysts, Associates, and Vice Presidents; review and guide work to ensure delivery of high-quality outputs. Function as a senior mentor within the team and contribute to succession planning and talent development. Collaborate closely with sector coverage bankers, product specialists, and Capital Markets partners to deliver integrated client solutions. Act as a positive change agent, driving efficiency, effectiveness, and continuous improvement across processes and client delivery.

Analysis, Strategy & Insight

Oversee development of financial models, cash flow and downside analyses, industry assessments, and borrower- and fund-specific evaluations to support loan structuring, trading-line sizing, and credit decisions. Lead due diligence efforts for new and existing relationships, including client interactions and evaluations of business models, industry trends, and regulatory impacts. Synthesize information from multiple sources into actionable underwriting recommendations and clearly communicate credit requirements and structural considerations to clients and internal stakeholders.

Qualifications & Experience

Typically 8–10+ years of progressive experience in corporate banking, credit underwriting, credit risk and portfolio management, or a related financial services role, with proven experience structuring, underwriting, and executing lending transactions. Undergraduate degree in finance, economics, accounting, or a related discipline; strong academic performance preferred. MBA, CFA, CPAs or equivalent professional credentials highly regarded. Demonstrated experience within the Asset & Wealth Manager and/or Fund Finance sector strongly preferred; cash flow lending and fund finance experience are ideal. Deep understanding of corporate lending, portfolio management, and credit risk frameworks, with the ability to assess sponsor fund structures and derivatives counterparty exposures. Proven ability to manage multiple complex underwriting assignments and portfolio responsibilities concurrently, with the organizational discipline to lead high‑volume execution and improve processes. Comfort engaging directly with clients in a diligence capacity and negotiating credit-related ISDA and CSA terms alongside Legal and product partners; experience underwriting FX and interest rate derivative trading lines is highly valued. Strong leadership, influencing, and negotiation skills, with the ability to operate independently in non‑routine, high‑impact situations. Superior analytical capability and comfort with advanced financial modeling and analysis. Excellent written and verbal communication skills; capable of delivering polished presentations to senior internal and external audiences. Strong collaborative mindset with the ability to align diverse stakeholders toward shared objectives. Motivated to pursue a credit‑oriented leadership role, with a focus on underwriting excellence, portfolio stewardship, and team development.

The Base Salary for this position is $250,000 USD. Salary: 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’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 [e-mail] and let us know the nature of your request and your contact information.

Who we are

BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good. Who we are We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.