Senior Manager, Credit Risk Strategy Oversight

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Join a purposedriven team at the core of BMOs risk management ecosystem. As the Senior Manager Credit Risk Strategy Oversight you will provide independent forwardlooking challenge on credit strategies policies and portfolio decisions across BMOs Canadian Retail lending this highimpact second line role you will strengthen the banks risk discipline through clear datadriven oversight ensuring alignment with risk appetite regulatory expectations and enterprise governance. You will influence strategic credit outcomes elevate decision quality and help embed sound credit practices across the lifecycle. This role provides meaningful opportunities to strengthen portfolio resilience and support BMOs commitment to Boldly Grow the Good.

Key Responsibilities

Independent Risk Oversight & Effective Challenge

• Provide objective evidencebased challenge on credit proposals strategy changes segmentation approaches MLenabled decisioning and underwriting standards to ensure alignment with risk appetite and regulatory expectations.
• Assess conceptual soundness core assumptions data quality and directional risk impacts across origination account management and collections strategies.
• Monitor portfolio performance earlywarning indicators and emerging risks; escalate material issues with clear actionable recommendations.
• Identify deviations from expected outcomes and support timely adjustments to strategies controls and processes.

Portfolio Risk Insight & Analytics

• Partner with business teams to review and validate business cases ensuring assumptions are robust risk and financial impacts are well quantified and proposals comply with enterprise standards and governance requirements.
• Conduct deepdive portfolio analytics including trend segmentation and concentration analyses to identify emerging vulnerabilities and forwardlooking loss drivers.
• Lead analytical assessments that support regulatory capital and stresstesting activities with a focus on PCL capital (KRM) and scenario impacts on expected losses.
• Deliver datadriven insights to strengthen portfolio quality enhance riskadjusted returns and improve decision effectiveness across the credit lifecycle.
• Represent the second line in select crossfunctional governance forums and regulatory interactions clearly articulating risk loss and stressrelated insights.

Credit Governance Policy & Framework Stewardship

• Support enhancements to credit risk governance frameworks including authorities controls and alignment with enterprise and model risk standards.
• Oversee adherence to creditrelated policies standards and regulatory requirements; partner closely with Compliance on the Regulatory Compliance Management (RCM) program.
• Manage governance documentation across its lifecycle including credit proposals policy updates decision memos modelrelated oversight materials and second line reporting.

CrossFunctional Influence & Collaboration

• Build strong partnerships with credit finance product legal operations data/analytics and modeling teams to embed risk considerations early in design.
• Influence senior stakeholders through concise insightrich analysis that enhances transparency and elevates decision quality.
• Ensure alignment of business initiatives with enterprise expectations including business casing risk management model governance and data governance requirements.

Leadership & Culture Building

• Mentor and develop analysts and associates to strengthen analytical rigor credit judgment and effective challenge capabilities.
• Foster a culture grounded in integrity transparency and continuous improvement.
• Operate as a specialist resource and trusted advisor to senior leaders and key stakeholders across the organization.
• Apply strong analytical skills and creative problemsolving to navigate complex or ambiguous situations.
• Stay current on emerging trends evolving risks and regulatory developments; recommend adjustments to ensure oversight practices remain effective.
• Take on broader work or enterprisewide deliverables as required.

Qualifications

• Typically 7 years of progressive experience in credit risk management policy strategy or governance preferably within retail lending or OSFIregulated environments.
• Graduate degree in a quantitative discipline (Statistics Mathematics Actuarial Science Engineering Finance Economics or related field).
• Strong understanding of credit risk frameworks risk appetite secondline responsibilities regulatory expectations and stress testing/regulatory capital concepts.
• Demonstrated ability to provide objective wellreasoned analytically grounded challenge.
• Strong understanding of credit lifecycle economics ROE drivers and riskreturn optimization principles.
• Advanced skills in Python SQL SAS R or comparable analytical tools; ability to translate complex analysis for senior audiences.
• Strong communication influencing and stakeholder management skills; able to operate autonomously in a fastpaced environment.

What We Offer

• A strategic secondline leadership role with visibility across the enterprise.
• Opportunities to materially strengthen credit oversight decision quality and portfolio resilience.
• A culture grounded in integrity innovation inclusion and performance.
• Access to senior leadership crossfunctional partners and complex analytical challenges that support ongoing career development.
• Flexibility autonomy and support to build a longterm career at one of North Americas most respected financial institutions.

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.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others differences we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation please contact your recruiter.

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.