Senior Manager, North American Business Banking Credit Risk Policy and Oversight

Application Deadline:

09/16/2024

Address:

320 S Canal Street

Job Family Group:

Audit, Risk & Compliance

The Senior Manager, North American Business Banking Credit Risk Policy and Oversight is accountable for developing and managing the Business Banking segment’s credit risk management policies and for developing and managing Credit Risk Management’s oversight framework for the line of business as the second line of defense. 

This role is focused on three primary accountabilities, namely Credit risk policy, Line of business oversight Advising risk and business colleagues on decisions and controls.

Core responsibilities:

Credit risk policy

• Develop, draft and manage policy outlining the bank’s credit risk framework for lending in the Business Banking segment (includes governing principles, processes, roles and responsibilities and monitoring and reporting requirements)
• Develop and manage the credit qualification policy for all roles within Business Banking
• Provide oversight (review, input and approval) for all line of business created policies, financing guidelines, industry and franchise programs and operating procedures that outline the segment’s risk appetite, credit requirements and underwriting standards
• Proactively identify and address gaps and/or required changes in policies and procedures
• Build and maintain expertise on laws, regulations and market best practices related to small business lending and proactively identify and address emerging issues and trends that warrant changes to policies or procedures
• Act as the principal subject matter expert on all credit risk related policy matters for colleagues in Risk Management, the line of business and other stakeholders

Provides subject matter expertise in the analysis, development, approval process, issuance and communication of Risk policy frameworks in alignment with standards. Writes, publishes and maintains policy documentation to achieve the desired business results and support corporate, compliance and/or regulatory requirements. Includes guidelines, standards, directives, operating procedures, and related documentation.

• Provides strategic input into business decisions as a trusted advisor.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• 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.
• Analyzes the impact of projects related to compliance, transformation, system upgrades etc. on policies and procedures. Assesses and reports the impact of changes to stakeholders.
• Acts as the prime subject matter expert for internal/external stakeholders.
• 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.
• 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.
• Oversees the design, development, and implementation of tools and training required to deliver business results.
• Creates, implements and sustains the guidelines, standard, operating procedures and other documentation.
• Initiates and coordinates review processes among stakeholders.
• Identifies and eliminates gaps in current state of policies and procedural documentation.
• Reviews documentation on a timely basis to ensure they are up to date, accurate and complete.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Builds effective relationships with internal/external stakeholders.
• Ensures align