Director, Credit Risk

1 week ago

Toronto, Canada BMO Financial Group Full time

100 King Street West Toronto Ontario,M5X 1A1
- 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.
- Provides credit coaching, training and support to direct team and other stakeholders as required.
- Works with stakeholders to ensure effectiveness of risk management controls, analysis and monitoring on a transactional and portfolio basis.
- 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.
- Conducts independent analysis and assessment to resolve strategic issues.
- Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
- Ensures alignment between stakeholders.
- Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
- Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
- Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
- Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information.
- 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.
- Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
- Supports credit due diligence activities for bank acquisitions or integration.
- Reviews and communicates decisions on credit transactions with rationale that can be understood and explained to customers.
- Identifies and advises on terms, conditions and collateral requirements for the transaction decision as well as opportunities for cross-selling and/or alternative solutions to meet client’s needs.
- Keeps abreast of economic and market developments within the portfolio to inform decision making and credit risk policies.
- Provides approval for exceptions according to established policy and standards.
- Monitors the credit portfolio through transaction review & approval to ensure compliance with the Bank’s lending policies and procedures.
- Provides credit risk coaching and advice to sales & service employees to increase awareness of risk, policy, and knowledge of structuring transactions.
- Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
- Builds effective relationships with internal/external stakeholders.
- Gathers and formats data into regular and ad-hoc reports, and dashboards.
- Monitors and tracks performance and addresses any issues.
- Executes work to deliver timely, accurate, and efficient service.
- Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.
- Influences how teams/groups work together.
- Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.
- Communicates abstract concepts in simple terms.
- Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.
- Anticipates trends and responds by implementing appropriate changes.
- Broader work or accountabilities may be assigned as needed.** Qualifications**:

- Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Credit Qualifications and associated credit knowledge and skills according to the established qualification standards.
- Expert knowledge of banking products & services.
- Expert knowledge of industry trends and regulations.
- Expert knowledge of credit portfolio management policies & procedures, and financing guidelines.
- Proven leadership skills and highly developed coaching skills.
- Seasoned expert with extensive industry knowledge.
- Technical leader viewed as a thought leader for innovation.
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