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Corporate Credit Risk Manager

1 month ago

Chicago, Illinois, United States BMO Financial Group Full time
About the Role

This is a hybrid position that requires working in our Downtown Chicago office three days a week. As a Corporate and Commercial Credit Risk Officer, you will be responsible for providing independent, objective review and adjudication of credit applications and transactions for assigned portfolios within credit limits or making credit recommendations and escalating as required.

Key Responsibilities
  • Ensure the credit quality of assigned portfolios is maintained within the bank's risk tolerance, policies, and procedures, and meets financing guidelines.
  • Support credit adjudication operations and initiatives.
  • Act as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.
  • Develop an expert understanding of business/group challenges.
  • Network with industry contacts to gather competitive insights and best practices.
  • Recommend measures to improve organizational effectiveness.
  • May consult to or serve on various committees and task forces.
  • Provide credit coaching, training, and support to direct teams and other stakeholders as required.
  • Work with stakeholders to ensure the effectiveness of risk management controls, analysis, and monitoring on a transactional and portfolio basis.
  • Influence and negotiate to achieve business objectives.
  • Identify emerging issues and trends to inform decision-making.
  • Recommend business priorities, advise on resource requirements, and develop a roadmap for strategic execution.
  • Manage resources and lead the execution of strategic initiatives to deliver on business and financial goals.
  • Conduct independent analysis and assessment to resolve strategic issues.
  • Act as the prime contact for internal/external stakeholder relationships, which may include regulators.
  • Ensure alignment between stakeholders.
  • Develop and manage comprehensive information management systems; design and/or lead initiatives to improve processes, analysis, and reporting.
  • Integrate information from multiple sources to enable more efficient processes, enhanced analysis, and/or streamlined reporting.
  • Define business requirements for analytics and reporting to ensure data insights inform business decision-making.
  • Employ systems (e.g., customized exception reports, tracking reports) to manage information.
  • Break down strategic problems and analyze data and information to provide insights and recommendations.
  • Lead change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
  • Lead the development of the communication strategy, focusing on positively influencing or changing behavior.
  • Collaborate across BMO to develop communications strategies and ensure consistency of messaging to positively influence or change behavior.
  • Lead the execution of operational programs; assess and adapt as needed to ensure quality of execution.
  • Support credit due diligence activities for bank acquisitions or integration.
  • Review and communicate decisions on credit transactions with rationale that can be understood and explained to customers.
  • Identify and advise on terms, conditions, and collateral requirements for the transaction decision as well as opportunities for cross-selling and/or alternative solutions to meet client needs.
  • Keep abreast of economic and market developments within the portfolio to inform decision-making and credit risk policies.
  • Provide approval for exceptions according to established policy and standards.
  • Monitor the credit portfolio through transaction review and approval to ensure compliance with the bank's lending policies and procedures.
  • Provide credit risk coaching and advice to sales and service employees to increase awareness of risk, policy, and knowledge of structuring transactions.
  • Build effective relationships with internal/external stakeholders.
  • Gather and format data into regular and ad-hoc reports and dashboards.
  • Monitor and track performance and address any issues.
  • Execute work to deliver timely, accurate, and efficient service.
  • Operate at a group/enterprise-wide level and serve as a senior specialist resource across BMO.
  • Influence how teams/groups work together.
  • Apply expertise and think creatively to address unique or ambiguous situations and find solutions to multiple, interdependent, complex problems.
  • Communicate abstract concepts in simple terms.
  • Foster strong internal and external networks and work with and across multiple teams to achieve business objectives.
  • Anticipate trends and respond by implementing appropriate changes.
Qualifications
  • Typically 9+ years of relevant experience and a post-secondary degree in a related field of study or an equivalent combination of education and experience.
  • Credit qualifications and associated credit knowledge and skills according to established qualification standards.
  • Expert knowledge of banking products and services.
  • Expert knowledge of industry trends and regulations.
  • Expert knowledge of credit portfolio management policies and procedures, and financing guidelines.
  • Proven leadership skills and highly developed coaching skills.
  • Seasoned expert with extensive industry knowledge.
  • Technical leader viewed as a thought leader for innovation.
  • Verbal and written communication skills - Expert.
  • Analytical and problem-solving skills - Expert.
  • Influence skills - Expert.
  • Collaboration and team skills, with a focus on cross-group collaboration - Expert.
  • Able to manage ambiguity.
  • Data-driven decision-making - Expert.