Manager, Business Governance and Fraud Programs
Job Summary
Application Deadline:
Address:
55 Bloor Street WestJob Family Group:
Join a pioneering team shaping the future of Canadian Retail Credit Strategies.
Were building next-generation end-to-end credit solutions that span the entire lifecyclefrom acquisition and account management to collectionsanchored in a holistic Lending Decision Strategy and aligned with Canadian Personal & Business Banking (P&BB) priorities.
Our approach combines cutting-edge decisioning software advanced decision trees and innovative credit models to deliver smarter faster and more customer-centric outcomes. This is your opportunity to influence credit cycles using modern modeling techniques and best-in-class decisioning applications all within a high-performance customer-focused environment.
If youre passionate about leveraging data technology and strategy to transform lending decisions and drive meaningful impact across Canadian P&BB this is the team for you
The Manager Business Governance and Fraud Programs is responsible for supporting the Personal Lending and Home Financing business units in the effective design implementation and ongoing management of first line of defense (1LOD) programs. This role plays a critical part in strengthening governance enhancing fraud prevention frameworks and ensuring risks are proactively identified assessed and mitigated. The main focus of this position will be to deal with Issues Management
Risk Management & Governance
- Collaborate with first and second line of defense teams to identify assess monitor and report on risk exposures across Personal Lending and Home Financing portfolios.
- Support the development enhancement and ongoing execution of governance frameworks aligned with regulatory and internal standards.
Fraud Programs & Controls
- Contribute to the design and continuous improvement of fraud risk management programs and controls.
- Monitor emerging fraud trends and risks ensuring timely escalation and response.
Issue Identification & Remediation
- Investigate emerging risks and issues coordinating timely remediation and corrective actions.
- Lead or support the development of policy updates procedures and associated change management activities.
Process & Control Documentation
- Document end-to-end processes controls and associated risks.
- Conduct and maintain risk and control assessments (e.g. RCSAs) ensuring accuracy and completeness.
Program & Initiative Leadership
- Lead and contribute to cross-functional initiatives ensuring strong governance stakeholder alignment and effective execution.
- Drive initiatives focused on risk reduction fraud prevention and loss mitigation.
Stakeholder Collaboration
- Partner with business leaders risk compliance and audit teams to ensure alignment on priorities and risk management practices.
- Provide clear and concise reporting and insights to stakeholders and senior leadership.
- Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- In-depth product knowledge for the designated business / portfolio.
- In-depth knowledge of risk management theory processes and portfolio management reporting techniques.
- In-depth knowledge of risk systems technology.
- In-depth knowledge of regulatory requirements.
- 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.
#FutureOfRetailLending
Salary:
Pay Type:
The above represents BMO Financial Groups 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 Groups expected target for the first year in this position.
BMO Financial Groups 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: 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 strive to help you make an impact from day one for yourself and our customers. Well 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 well help you gain valuable experience and broaden your skillset.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.
Required Experience:
Manager
About Company
We cover the whole balance sheet, from foreign exchange, trade finance and treasury management to corporate lending, securitization, public and private debt and equity underwriting. Our team of experts can also provide a full range of advisory services, along with industry-leading res ... View more