Director-Team Leader Credit Risk Review

Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and asset quality of the credit portfolio. As a critical component of risk management at BMO, this work provides vital assurance to the Board of Directors and senior management as to the quality of the internal control system and in so doing helps reduce the risk of loss and reputational damage to the Company. Identifies unacceptable/high risk circumstances that could lead to material impact on profitability or reputation. Provides independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation.

+ Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.

+ Ensures alignment between values and behaviour that fosters diversity and inclusion.

+ Regularly connects work to BMOs purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.

+ Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.

+ Attracts, retains, and enables the career development of top talent.

+ Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance. Leads and directs risk rating accuracy assessments (risk ratings, accrual status, loss determination) in selected High Risk Loan Meetings, with accountability for regular review of high risk loans.

+ Advises and counsels senior leaders concerning credit policies and credit management practices and on strategic project participation (strategy and new product development).

+ Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.

+ Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

+ Collaborates with senior leaders to determine action plans for resolving material issues noted in review.

+ Monitors to ensure actions are executed as proposed.

+ Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.

+ Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.

+ Monitors and tracks performance, and addresses any issues.

+ Oversees the review process to ensure transparency, consistency and proper engagement of senior leaders to address findings for appropriate resolutions of issues and follow-up action plans.

+ Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour.

+ Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

+ Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.

+ Acts as subject matter experts in US Acquisition Due Diligence processes for prospect commercial portfolios, including upfront portfolio analysis, on-site file reviews, specific loss estimations, and other assessments as needed to enable a commercial-wide assessment of portfolio risk profile, estimation of losses, and review of the targets credit management practices (as required).

+ Motivates continued high performance by enhancing and executing the People Strategy including skill transformation and career development.

+ Enhances Competency Self-Assessment and Individual Development Plan view of skills and knowledge.

+ Recommends modifications to division training to address real time and evolving needs identified through self assessments, quality reviews, emerging trends and regulatory expectations.

+ Recommends changes as needed to team structure, succession planning, to enable effective completion of the group's mandate.

+ Reviews and rates credit risks to assure timeliness and accuracy of credit risk ratings for the assigned commercial loan portfolio and/or retail loan portfolio.

+ Participates in ongoing portfolio reviews, target examinations, portfolio deep dives, and special reviews of specific credits in accordance with Credit Risk Review Mandate and Procedures.

+ Assesses ratings and evaluation of the adherence to policies and procedures, as well as the effectiveness and accuracy of credit analysis, collateral evaluation, monitoring, underwriting quality, and identification and management of problem credits.

+ Assigns grades for the quality and risk profile of the portfolios reviewed and the compliance of the related unit(s) with bank policies and procedures.

+ Recommends action plans for resolving material issues noted in reviews.

+ Provides training and support to internal stakeholders on risk rating accuracy and best practices in credit risk.

+ Builds relationships with lending areas and across risk management.

+ Assures consistent practices and applications of Credit Risk Review Mandate and Procedures.

+ Completes investigations, assigned tasks, reports, and contribute to overall review assessments and grades timely, accurately and with appropriate diligence.

+ Represents Credit Risk Review as requested in various cross enterprise working groups in order to provide credit risk oversight and perspectives.

+ Aggregates Credit Risk Review intelligence, indentifies issues and reports to Senior Management, various internal committees and/or Boards.

+ Works collaboratively with internal stakeholders to maximize risk return and improve the customer experience through the lending process.

+ Participates in due diligence for portfolio or bank acquisitions via credit risk evaluations.

+ Contributes to the development and implementation of loan policies and procedures, on an as-needed basis.

+ 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 20+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

+ Professional designations or business designation: CPA, MBA, CFA.

+ Credit qualification required according to the standards established within the Credit Qualification Process Policies and Procedures.

+ Superior knowledg.