Director, Credit Risk Oversight

3 weeks ago

Toronto, Canada BMO Financial Group Full time

33 Dundas Street West Toronto Ontario,M5G 3C2

Provides oversight, monitoring and reporting on credit risk for a designated portfolio. Develops and monitors the credit risk management framework that includes the governance framework & practices leveraged across BMO to manage credit risks. Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance and identification of action plans.
- Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.
- Develops an expert understanding of business/group challenges.
- Networks with industry contacts to gather competitive insights and best practices.
- Recommends measures to improve organizational effectiveness.
- May consult to or serve on various committees and task forces.
- Interprets new regulations and assesses impacts to the governance framework.
- Influences and negotiates to achieve business objectives.
- Identifies emerging issues and trends to inform decision-making.
- Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
- Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
- Measures the effectiveness of risk governance system and framework; recommends changes as required.
- Conducts independent analysis and assessment to resolve strategic issues.
- Leads the development and maintenance of the governance system and framework.
- Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
- Ensures alignment between stakeholders.
- Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
- Designs and produces regular and ad-hoc reports, and dashboards.
- Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
- Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
- 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 behaviour.
- Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour.
- Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success.
- Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
- Manages the review and sign-off process for relevant regulatory reporting.
- Leads and integrates the monitoring, measurement & reporting on the status of the credit risk governance program to internal & external stakeholders.
- Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
- May provide specialized support for other internal and external regulatory requirements.
- Provides input into the planning and implementation of ongoing operational programs in support of the credit risk framework.
- Leads the design, implementation and management of core business/group processes.
- 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 execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution 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 in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
- Builds effective relationships with internal/external stakeholders.
- Analyz

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