Risk Management Director

4 days ago


Chicago, Illinois, United States Bank of Montreal Full time
Job Title: Managing Director, US Consumer Risk

At Bank of Montreal, we are seeking a seasoned professional to join our US Consumer Risk team as a Managing Director. This is a critical role that will provide independent risk oversight to the various lines of businesses, ensuring credit risks are appropriately managed within the risk tolerance for this business.

Key Responsibilities:
  • Provide independent risk oversight of the consumer lending businesses in US P&BB, ensuring credit risks are prudently managed within the risk tolerance.
  • Ensure the quality, performance, and credit risk profile of the US P&BB retail portfolio are monitored and reported to Senior Executive, management committees, and RMC on a timely basis.
  • Present value-added risk context, oversight of credit risk systems, models, scorecards, credit exception underwriting, return on capital risk assessments to support strategic business planning and new product development risk assessment.
  • Act as the risk stripe owner for consumer credit risk in the US and provide the required leadership and strategic direction.
  • Ensure Banks credit risk taking policies, authority structures, procedures, and processes are adhered to through direct involvement in credit transaction authorizations and portfolio management processes.
Requirements:
  • MBA or Masters/PhD level quantitative degree (i.e., statistics, mathematics, economics, finance, operations research, engineering, or other related field).
  • 15+ years of Consumer risk and portfolio management experience.
  • 10+ years of experience in line relationship/transactional credit and consumer underwriting experience.
  • 10+ years of managing a team of highly analytical, quantitative, and technical resources.
  • Credit qualified.
  • Advanced knowledge of Consumer Basel and the necessary elements of maintaining regulatory compliance.
About Us:

At Bank of Montreal, we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities, and our people. We are committed to an inclusive, equitable, and accessible workplace, where everyone has the opportunity to grow and succeed.



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