Address:

Key Responsibilities

Independent Risk Oversight & Effective Challenge

• Provide objective, evidence‑based challenge on credit proposals, strategy changes, segmentation approaches, ML‑enabled decisioning, and underwriting standards to ensure alignment with risk appetite and regulatory expectations.
• Assess conceptual soundness, core assumptions, data quality, and directional risk impacts across origination, account management, and collections strategies.
• Monitor portfolio performance, early‑warning indicators, and emerging risks; escalate material issues with clear, actionable recommendations.
• Identify deviations from expected outcomes and support timely adjustments to strategies, controls, and processes.

Portfolio Risk Insight & Analytics

• Partner with business teams to review and validate business cases, ensuring assumptions are robust, risk and financial impacts are well quantified, and proposals comply with enterprise standards and governance requirements.
• Conduct deep‑dive portfolio analytics including trend, segmentation, and concentration analyses to identify emerging vulnerabilities and forward‑looking loss drivers.
• Lead analytical assessments that support regulatory capital and stress‑testing activities, with a focus on PCL, capital (KRM), and scenario impacts on expected losses.
• Deliver data‑driven insights to strengthen portfolio quality, enhance risk‑adjusted returns, and improve decision effectiveness across the credit lifecycle.
• Represent the second line in select cross‑functional governance forums and regulatory interactions, clearly articulating risk, loss, and stress‑related insights.

Credit Governance, Policy & Framework Stewardship

• Support enhancements to credit risk governance frameworks, including authorities, controls, and alignment with enterprise and model risk standards.
• Oversee adherence to credit‑related policies, standards, and regulatory requirements; partner closely with Compliance on the Regulatory Compliance Management (RCM) program.
• Manage governance documentation across its lifecycle, including credit proposals, policy updates, decision memos, model‑related oversight materials, and second line reporting.

Cross‑Functional Influence & Collaboration

• Build strong partnerships with credit, finance, product, legal, operations, data/analytics, and modeling teams to embed risk considerations early in design.
• Influence senior stakeholders through concise, insight‑rich analysis that enhances transparency and elevates decision quality.
• Ensure alignment of business initiatives with enterprise expectations, including business casing, risk management, model governance, and data governance requirements.

Leadership & Culture Building

• Mentor and develop analysts and associates to strengthen analytical rigor, credit judgment, and effective challenge capabilities.
• Foster a culture grounded in integrity, transparency, and continuous improvement.
• Operate as a specialist resource and trusted advisor to senior leaders and key stakeholders across the organization.
• Apply strong analytical skills and creative problem‑solving to navigate complex or ambiguous situations.
• Stay current on emerging trends, evolving risks, and regulatory developments; recommend adjustments to ensure oversight practices remain effective.
• Take on broader work or enterprise‑wide deliverables as required.

Qualifications

• Typically 7+ years of progressive experience in credit risk management, policy, strategy, or governance preferably within retail lending or OSFI‑regulated environments.
• Graduate degree in a quantitative discipline (Statistics, Mathematics, Actuarial Science, Engineering, Finance, Economics, or related field).
• Strong understanding of credit risk frameworks, risk appetite, second‑line responsibilities, regulatory expectations, and stress testing/regulatory capital concepts.
• Demonstrated ability to provide objective, well‑reasoned, analytically grounded challenge.
• Strong understanding of credit lifecycle economics, ROE drivers, and risk‑return optimization principles.
• Advanced skills in Python, SQL, SAS, R, or comparable analytical tools; ability to translate complex analysis for senior audiences.
• Strong communication, influencing, and stakeholder management skills; able to operate autonomously in a fast‑paced environment.

What We Offer

• A strategic second‑line leadership role with visibility across the enterprise.
• Opportunities to materially strengthen credit oversight, decision quality, and portfolio resilience.
• A culture grounded in integrity, innovation, inclusion, and performance.
• Access to senior leadership, cross‑functional partners, and complex analytical challenges that support ongoing career development.
• Flexibility, autonomy, and support to build a long‑term career at one of North America’s most respected financial institutions.

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: