Director, Credit Portfolio Management

Application Deadline:

02/13/2025

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 leading the evolution and development of a robust and dynamic credit portfolio management function for the enterprise and US entities. A fundamental understanding of credit risk, the bank’s lending practices and businesses in both the Canadian and US markets (including underwriting), credit structuring and a strong handle of the overall credit markets in Canada and the US 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, utilizing results of such quantitative analytics to enable execution of portfolio management strategies.  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.   

This role includes development and execution of 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 senior business leaders, senior risk leaders (including the CRO), finance colleagues, , and transactional credit teams (including the SCO) 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 and assessment and execution of credit portfolio management strategies for the Enterprise. 

NOTE: All accountabilities below are equally required for Enterprise and US entities

Assessment of Industry Reviews and Deep Dives

• Determine based on credit limit framework and through detailed trending analysis, industries or concentrations presenting emerging risk or requiring further review

• Utilize results of reviews and quantitative analytics to recommendation credit portfolio management strategies for risk mitigation, reduction and/or removal from balance sheet

Risk Transfer

• Take a lead role in for ERPM in the understanding and enhancement of various risk transfer options, both at a single name and concentration perspective including best practices in the industry with respect to credit portfolio management

• CPM expert on risk transfer initiatives in the institution and the impact, if any, to credit risk concentration limits

• Maintain engagement with Capital solution, treasury and capital management to ensure understanding of pipeline of transactions

• Development of strategy and ensuring execution for risk mitigation, reduction and / or removal for “tall trees” – both single name and industry wide

• Engage with LOB, finance, and Capital Markets with respect to development of additional risk offloading options / toolkits to effectively reduce, transfer, and/or mitigate credit risk

Active Portfolio Management

• Establish ERPM’s Active Portfolio Management function

• Develop strategy and ensure execution for risk mitigation, reduction and / or removal for “tall trees” – both single name and industry wide

• Engage with LOB, finance, and Capital Markets with respect to development of additional risk offloading toolkits to effectively reduce, transfer, and/or mitigate credit risk

Risk Return

• Key team me