Senior Credit Risk Assurance Lead

BMO; Milwaukee (WI); On-site; USD 85,000 - 180,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group is seeking a senior risk professional to conduct independent examinations of credits and portfolios, ensuring risk rating accuracy and asset quality across the credit portfolio. The role partners with senior management to enhance internal controls and governance, while driving improvements in customer experience during the lending process.

The candidate will advise on credit policies, lead strategic initiatives, and manage a high-performing team, with heavy emphasis on

Qualifications

• Typically between 15+ years of relevant experience and/or certification in related field of study or an equivalent combination of education and experience.
• Professional designations or business designation: CPA, MBA, CFA.
• Credit qualification required according to the standards established within the Credit Qualification Process Policies and Procedures.
• Superior knowledge of all phases of effective credit administrations, policies and procedures, commercial lending and/or retail lending processes, and analytical practices.
• Essential to have ability to identify early warning signals and required practices for management of problem accounts. Experience with loan workouts preferred.
• Extensive knowledge of and experience with Corporate Policies/Standards, Commercial and/or Retail Lending Process and Directives, the enterprise’s credit culture and procedures, and general banking practices and regulations.
• Superior credit analytics and risk evaluation skills.
• Strong finance and accounting practice 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.

Responsibilities

• Advises on credit policies, and processes to account management.
• 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.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Conducts independent analysis and assessment to resolve strategic issues.
• Develops the business case by identifying needs, analysing potential options and assessing expected return on investment.
• Collaborates and interacts with senior leaders to maximize risk return and improve the customer experience through the lending process.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Manages review findings and follow up in transparency, consistency, detailed ongoing communications with senior leaders and proper escalation of findings to assure appropriate resolutions of issues and follow up action plans.
• Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour.
• Participates in special credit reviews, research, or other projects and initiatives, as may be assigned, particularly in start-up phase of credit risk review.
• Where appropriate, hires and onboards new team members.
• Continues to develop a highly engaged team with specialised expertise.
• Ensures work of subordinates is well executed in accordance with standards and that their judgments are sound, well documented and repeatable.
• Manages regular performance and performance assessment of all staff for which they are responsible. Recognizes the appropriate value of timing of rewards.
• Reviews and rates credit risks to assure timeliness and accuracy of credit risk ratings for the assigned commercial loan portfolio and/or retail loan portfolio.
• Participates in ongoing portfolio reviews, target examinations, portfolio deep dives, and special reviews of specific credits in accordance with Credit Risk Review Mandate and Procedures.
• Assesses ratings and evaluation of the adherence to policies and procedures, as well as the effectiveness and accuracy of credit analysis, collateral evaluation, monitoring, underwriting quality, and identification and management of problem credits.
• Assigns grades for the quality and risk profile of the portfolios reviewed and the compliance of the related unit(s) with bank policies and procedures.
• Recommends action plans for resolving material issues noted in reviews.
• Provides training and support to internal stakeholders on risk rating accuracy and best practices in credit risk.
• Builds relationships with lending areas and across risk management.
• Assures consistent practices and applications of Credit Risk Review Mandate and Procedures.
• Completes investigations, assigned tasks, reports, and contribute to overall review assessments and grades timely, accurately and with appropriate diligence.
• Represents Credit Risk Review as requested in various cross enterprise working groups in order to provide credit risk oversight and perspectives.
• Aggregates Credit Risk Review intelligence, indentifies issues and reports to Senior Management, various internal committees and/or Boards.
• Works collaboratively with internal stakeholders to maximize risk return and improve the customer experience through the lending process.
• Participates in due diligence for portfolio or bank acquisitions via credit risk evaluations.
• Contributes to the development and implementation of loan policies and procedures, on an as-needed basis.
• 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 problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.

Skills

Verbal & written communication

Analytical and problem solving

Influence skills

Collaboration & team skills

Data driven decision making

Education

CPA, MBA, CFA

Job description

BMO Financial Group is seeking a senior risk professional to conduct independent examinations of credits and portfolios, ensuring risk rating accuracy and asset quality across the credit portfolio. The role partners with senior management to enhance internal controls and governance, while driving improvements in customer experience during the lending process.

The candidate will advise on credit policies, lead strategic initiatives, and manage a high-performing team, with heavy emphasis on