Manager Credit Risk Review Oversight Governance Compliance
Manager Credit Risk Review Oversight Governance Compliance
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 72500 - 134500
1 Vacancy
Job Description
Application Deadline:
Address:
320 S Canal StreetJob Family Group:
Audit Risk & ComplianceIf you are looking for your next dream job consider this one in BMO Enterprise Risk and Portfolio Management (ERPM) where every colleague helps protect and grow the bank by providing independent review and oversight of enterprisewide risks working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs
Credit Risk Review (CRR) is an independent group within Enterprise Risk Portfolio Management (ERPM) responsible for identifying risk at portfolio levels ensuring Risk Rating accuracy and evaluating effectiveness of credit management practices through ongoing reviews analysis and continuous monitoring of BMO US Operations Commercial and Retail credit portfolios.
Seeking to add an individual contributor to CRR Operations. CRR Operations is responsible for credit risk oversight (including production support and issues management) business analytics & reporting data management compliance (including Operational NonFinancial Risk ONFR) technology policies & procedures stakeholder management exam & audit liaison as well as quality assurance program and training. Team member will report to Director and Team Leader CRR Operations.
Role responsibilities to include but not be limited to leading enterprise compliance activities as well as ONFR monitoring & testing coordinating CRR exams & audits maintaining policy & procedures monitoring CRR remediations and participating in risk oversight activities including risk committee reporting. Manager will also be engaged in strategic planning (including efficiency gains) training as well as other operational and production support activities. A fully developed understanding of credit risk and exposure to the BMOs compliance framework (including ONFR/GRCE activities) is required. An accounting and/or finance background is ideal.
Acts as a trusted advisor to assigned business/group.
Guides/assists in the identification and classification of issues; recommends action plans.
Influences and negotiates to achieve business objectives.
Recommends and implements solutions based on analysis of issues and implications for the business.
Assists in the development of strategic plans.
Identifies emerging issues and trends to inform decisionmaking.
Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
Identifies develops and administers credit risk control framework activities for adherence to all policies procedures and established processes; documents and reports results of independent risk assessments on an individual and portfolio basis.
Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
Provides advice and guidance to assigned business/group on implementation of the risk framework including effective challenge.
Coordinates and participates in the of oversight/governance activities including reporting; assessment of education & training needs development/delivery of training; development and of regulatory administration processes & procedures.
Consults with stakeholders to improve consistency and transparency of risk measurement metrics and reporting.
Supports the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management education and training assessments.
Develops and maintains indepth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
Builds effective relationships with internal/external stakeholders.
Analyzes data and information to provide insights and recommendations. E.g. risk trends in key sectors geographies or LOBs.
Monitors and tracks performance; addresses any issues.
Coordinates and monitors the review and signoff of regulatory reporting and attestations.
Focus is primarily on business/group within BMO; may have broader enterprisewide focus.
Provides specialized consulting analytical and technical support.
Exercises judgment to identify diagnose and solve problems within given rules.
Works independently and regularly handles nonroutine situations.
Broader work or accountabilities may be assigned as needed.
Qualifications:
Deep knowledge and technical proficiency gained through extensive education and credit review business experience.
Verbal & written communication skills Indepth.
Collaboration & team skills Indepth.
Analytical and problem solving skills Indepth.
Influence skills Indepth.
Data driven decision making Indepth.
Salary:
$72500.00 $134500.00Pay Type:
SalariedThe 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 parttime roles will be prorated 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 performancebased 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 indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an email to and let us know the nature of your request and your contact information.
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
Employment Type
Full-Time
