Director, Counterparty Credit Risk Adjudication - Insurance

Application Deadline:

07/17/2025

Address:

320 S Canal Street

Job Family Group:

Audit, Risk & Compliance

Portfolio coverage will include the broader Insurance industry including US, Canada, and international insurers operating within Life, Property & Casualty, as well as Reinsurance, distributors, and managing general agents; capturing both lending and trading products (e.g. FX, derivatives, securities financing).  Other portfolios may be assigned depending on your interests and experience.  Specific to the insurance industry coverage:

• Understands the risks of the insurance industry and needs of insurance clients;  provides relevant ideas and opinions to support creative and sound solutions.

• Makes decisions based on a strong understanding of risks; effectively evaluates risk-return trade-offs, and proactively takes accountability for risks assumed.

• Applies insurance and other industry expertise and thinks creatively to address unique or ambiguous situations to find solutions to problems that can be complex and non-routine.

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

Provides independent, objective review and adjudication of credit applications and transactions for an assigned portfolio within credit limits or makes credit recommendations and escalates as required. Ensures the credit quality of the assigned portfolios are maintained within the Bank’s risk tolerance, policies & procedures, and meet financing guidelines. Supports credit adjudication operations and initiatives. Provides training and support to teams and channels where the applications and transactions originate.

• 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.

• Iden