Senior Manager, Credit Portfolio Management

Application Deadline:

06/09/2025

Address:

320 S Canal Street

Job Family Group:

Data Analytics & Reporting

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide 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 bank’s 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 bank’s 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.

Limit Framework - Industry/Product

• Support oversight & operation of the wholesale credit limit framework through detailed analysis of industries and concentrations presenting emerging risks to the bank's wholesale loan portfolio
• Conduct regular reporting and analysis of the overall wholesale lending book as well as existing risk transfer tools (Synthetic Risk Transfer trades, loan insurance, loan sales and CDS)
• Provide effective challenge to each Line of Business (LOB) strategy to ensure compliance with single name and portfolio level limits

Portfolio Analysis & Insights - Industry Reviews and Deep Dives

• Take lead and/or support role on portfolio updates; ensure all stakeholders (LOBs, Capital Solutions, Treasury and Risk partners) are engaged with respect to various industry/product reviews and ensure all risk factors are addressed
• Development of standardized industry reviews along with ad hoc deep dives to provide insights into portfolio risk trends in sectors, geographies, or LOBs
• Understanding of various market indicators (CDS market, leverage loan market, and other relevant market indices) and tying trends to insights relevant to the overall wholesale loan book
• Understanding of the drivers behind portfolio concentrations with the ability to track key economic variables and industry trends against the wholesale loan book

• Follow portfolio risk trends and understand how changes (including changes in underwriting standards) can impact specific industry and product concentrations

Risk Transfer

• Continued monitoring of "tall trees" and emerging risks (single name, product and industry) for potential risk transfer opportunities
• Basic understanding of various Credit Portfolio Management (CPM) risk transfer tools at a single name and portfolio perspective; understand how tools impact credit risk, risk limits and risk weighted assets (RWA)
• Maintain engagement with Risk & Capital Solutions,