Head of Credit & Portfolio Management - Corporate Banking

BMO; Chicago (IL); On-site; USD 270,000 - 330,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group in the United States seeks a senior leader to oversee the Portfolio Management function within Global Corporate Banking. You will govern PM standards, manage risk, and provide leadership across a large, cross‑functional team in a fast‑paced environment.

The role drives portfolio monitoring, credit structuring, and regulatory engagement, ensuring risk appetite alignment and performance across the portfolio.

Qualifications

• Post-secondary education or equivalent in finance; CPA or MBA or equivalent.
• 20+ years in financial services in a corporate lending environment; 10+ years in structuring transactions.
• Credit qualified with expert knowledge of credit risk management and policies.
• Experience with U.S. and/or Canadian regulatory expectations and regulator engagements.
• Knowledge of portfolio management concepts: allowance and provisioning, RWA, concentration and limits.
• Expertise across corporate lending sectors and products.
• Experience leading a large, diverse team and influencing LU leaders.

Responsibilities

• Governance & standards for PM across Corporate Banking and policy interpretation.
• Credit governance and delegated approval authority within limits.
• Lead regulatory, audit and control activities for PM; manage exams and remediation.
• Develop portfolio monitoring, KRIs, watchlists and risk insights.
• Drive active portfolio management and capital productivity.
• Define deal hand-off from origination to PM and provide structuring expertise.
• Lead talent development and PM capability building.
• Drive PM effectiveness and operating model improvements.
• Promote risk culture and leadership within the team.

Skills

Credit risk management

Leadership

Regulatory compliance

Analytical thinking

Strategic planning

Education

CPA or MBA or equivalent

Job description

BMO Financial Group in the United States seeks a senior leader to oversee the Portfolio Management function within Global Corporate Banking. You will govern PM standards, manage risk, and provide leadership across a large, cross‑functional team in a fast‑paced environment.

The role drives portfolio monitoring, credit structuring, and regulatory engagement, ensuring risk appetite alignment and performance across the portfolio.