Senior Manager Credit Portfolio Management

Address:

Job Family Group:

If youre looking for your next dream job consider this one in BMOs Enterprise Risk Group 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

This role is accountable for supporting a robust and dynamic credit portfolio management framework for the enterprise. A fundamental understanding of credit risk the banks lending practices (including underwriting) credit structuring and an overall understanding of the lending business in both the Canadian and US markets is critical for this role. This role also requires the ability to understand the highly quantitative aspect of many risk disciplines and to bring the business perspective forward to the quantitative discipline. Working closing with both quantitative as well as business colleagues the ability to communicate on both a technical/quantitative and business basis is important for success. In addition to management of various credit concentration limits this role includes management and reporting of the limit framework active portfolio management and offlay of credit risks (both single name and industry/product concentrations) assessment of the risk return of key concentrations and recommendation of capital deployment reporting and assessment of key concentrations which are presented at various risk committees including RMC/RRC fundamental understanding of credit methodologies including risk rating models and key risk drivers such as PD/LGD/EAD and the stress testing of key concentrations under various business strategies to determine reasonableness under stress against the banks overall risk appetite. This role is accountable to work with and liaise with senior business leaders economics senior risk leaders (including the CRO) finance colleagues economic & regulatory capital methodology teams stress testing transactional credit teams (including the SCO(s) enterprise risk policy and governance teams as well as the risk reporting teams to achieve objectives in enhancement of the credit portfolio management discipline. In addition this role will be responsible for ongoing changes in market & regulatory environment and provide assessment and forward looking views of the portfolio that require analysis on a more adhoc basis. As a central function this role is instrumental in ensuring a holistic overview of the credit risk portfolio of the bank. However critical to this role is the ability to work with various LOB portfolio functions.

Industry/Product & Limits

• Support oversight & operation of the wholesale credit limit framework including operating procedures & automation of limit reporting;

• Regular reporting and oversight on the overall wholesale lending book as well as key concentrations

Industry Reviews and Deep Dives

• Take lead and/or support role as required on board level risk/LOB presentations for key credit risk concentration; ensuring all key stakeholders are engaged with respect to various industry/product reviews at appropriate times as well as the key risk factors are addressed

• Provide effective challenge to the business strategy presented by each LOB

Portfolio Insights

• Development of a standardized view of the portfolio to provide deeper insights into risk trends in key sectors geographies or LOBs

• Strong understanding of various market indicators and the various insights to the overall wholesale loan book (CDS market trending; indices and top names various market indices showing sectoral movement

• Develop a framework that takes key industry indices and comparison against key risk or loss metrics to provide forward looking insights

• Understanding of the key economic drivers for key concentrations with the ability to track key economic variables or industries against our book and current performance

• Provide insights on industry or product basis of both negative and positive trends in industry (Enterprise wide and Canada/US)

• Key understanding of Risk Migration trending and its applicability to portfolio insights including change in underwriting standards as well as trending against key risk drivers for specific industry/product concentrations

Risk Transfer

• Fundamental understanding of various risk transfer options both at a single name and concentration perspective including best practices in the industry with respect to credit portfolio management

• CPM expert on risk transfer initiatives in the institution and the impact if any to credit risk concentration limits

• Maintain engagement with Capital solution treasury and capital management to ensure understanding of pipeline of transactions

• Continued monitoring tall trees both single name and industry wide for potential risk transfer opportunities

• Engage with LOB transactional credit and I&CB with respect to development of CLO and other warehouse structures to effectively transfer credit risk

Risk Return

• Key risk representative and liaison between finance risk reporting and CPM to develop a consistent risk return metric for analysis across products industries and LOBs

Stress Testing

• Key understanding of the credit stress testing process and models.

• Key stakeholder with respect to wholesale credit stress testing and CPMs key responsibilities include engaging with credit stress testing team

Knowledge:

• 7 years of relevant banking experience; preference to have minimum of 5 years corporate banking or relevant capital markets experience with focus on credit risk

• Professional designation or graduate degree such as MBA Chartered Financial Analyst (CFA) or accounting designation

• In depth knowledge of BMO Risk Management approach and overall knowledge of BMO;

• Solid knowledge of BMO Risk Policies and Processes; including solid knowledge of credit risk policy and overall lending practices

• Understanding of multijurisdictional legal / regulatory environment

• Awareness of financial and business marketplace and risk issues affecting various industries with particular focus on proactive management of current and future potential issues impacting on the businesses

• Experience working in close partnership with stakeholders at various levels in a way that maximises their participation and leverages their support

Skills:

• Expert oral / written communication skills

• Strong attention to detail with a proven decision making ability

• Highly developed personal effectiveness skills which include the ability to influence and negotiate adapt to varying conditions and apply creativity and seize personal development opportunities

• Ability to use both excel and powerpoint is critical

• Ability to interface effectively with Senior Executives of BMO and ability to work in cross disciplinary teams is critical

• Ability to lead cross disciplinary teams to achieve a goal

• Ability to think creatively and outside the box; able to advance new concepts and ideas and work effectively in white space

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 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.

To find out more visit us at is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race religion color national origin sex (including pregnancy childbirth or related medical conditions) sexual orientation gender identity gender expression transgender status sexual stereotypes age status as a protected veteran status as an individual with a disability or any other legally protected characteristics. We also consider applicants with criminal histories consistent with applicable federal state and local law.

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.