Manager, Credit Risk Oversight - (Home Financing Lending / RESL/ Leadership)

at  BMO Financial Group

33 Dundas Street West Toronto Ontario,M5G 3C2

The Manager, Credit Risk Oversight reports to the Senior Manager, Home Financing Lending Policy and Process Oversight and supports Senior Management with respect to all aspects of credit risk management in the Bank. The candidate will provide oversight, monitoring and reporting of credit risk policy for the Real Estate Secured Lending portfolio. They will be responsible for assisting in the development and operationalization of credit risk policies & standards, methodologies and controls that increase transparency, accuracy, and consistency across groups. They will work with stakeholders to implement the methodology, metrics, and program standards for the RESL portfolio to ensure compliance and identification of action plans.

• Provides independent and effective challenge to credit policy and credit procedure changes, amendments, and work collaboratively on new developments as proposed by the Business Lines. Make recommendations to Senior Manager, Home Financing Lending Policy and Process Oversight and Senior Management, as required.
• Liaises and maintains strong relationships with the credit functions across the business lines to ensure that credit policies and procedures are adhered to in the organization
• Ensures proposed Products, Policies and Procedures are in alignment with the bank’s credit risk appetite and that satisfactory risk mitigation strategies have been discussed and documented
• Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
• Acts as a trusted advisor to assigned business/group
• Acts as a subject matter expert on relevant regulations and policies.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Provides strategic input into business decisions as a trusted advisor.
• May network with industry contacts to gain competitive insights and best practices.
• Influences and negotiates to achieve business objectives.
• Assists in the development of strategic plans.
• Identifies emerging issues and trends to inform decision-making.
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Interprets new regulations and assesses impacts to the governance/policy framework.
• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Breaks down strategic problems, and analyses 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 communications 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.
• Monitors and tracks performance; addresses any issues.
• Manages the review and sign-off process for relevant regulatory reporting.
• May provide specialized support for other internal and external regulatory requirements.
• Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
• Provides input into the planning and implementation of ongoing operational programs in support of the credit risk framework.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Leads the design, implementation and management of core business/group processes.
• Builds effective relationships with internal/external stakeholders.
• 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.
• Broader work or accountabilities may be assigned as needed.
• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviors
• Ensures alignment between values and behavior that fosters diversity and inclusion.
• Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.

QUALIFICATIONS:

• Typically between 5 - 8 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Knowledge of Home Financing Lending and Real Estate Secured Lending.
• In-depth knowledge and understanding of credit risk management practices.
• In-depth knowledge of regulatory requirements and legal documentation.
• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

• Provides independent and effective challenge to credit policy and credit procedure changes, amendments, and work collaboratively on new developments as proposed by the Business Lines. Make recommendations to Senior Manager, Home Financing Lending Policy and Process Oversight and Senior Management, as required.
• Liaises and maintains strong relationships with the credit functions across the business lines to ensure that credit policies and procedures are adhered to in the organization
• Ensures proposed Products, Policies and Procedures are in alignment with the bank’s credit risk appetite and that satisfactory risk mitigation strategies have been discussed and documented
• Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
• Acts as a trusted advisor to assigned business/group
• Acts as a subject matter expert on relevant regulations and policies.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Provides strategic input into business decisions as a trusted advisor.
• May network with industry contacts to gain competitive insights and best practices.
• Influences and negotiates to achieve business objectives.
• Assists in the development of strategic plans.
• Identifies emerging issues and trends to inform decision-making.
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Interprets new regulations and assesses impacts to the governance/policy framework.
• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Breaks down strategic problems, and analyses 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 communications 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.
• Monitors and tracks performance; addresses any issues.
• Manages the review and sign-off process for relevant regulatory reporting.
• May provide specialized support for other internal and external regulatory requirements.
• Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
• Provides input into the planning and implementation of ongoing operational programs in support of the credit risk framework.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Leads the design, implementation and management of core business/group processes.
• Builds effective relationships with internal/external stakeholders.
• 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.
• Broader work or accountabilities may be assigned as needed.
• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviors
• Ensures alignment between values and behavior that fosters diversity and inclusion.
• Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals