Director, Credit Portfolio Management

Toronto, ON, Canada

Job Description


Address: 100 King Street West



Job Family Group: Audit, Risk & Compliance This role complements a team that leads the evolution and development of a dynamic credit portfolio management framework for the enterprise. Develops materials for the Portfolio Management meeting of CRO and key credit senior staff . Prepares credit risk deep dives for RRC, RMC or investors on topics of interest. The role supports management of the Business and Government limit framework design, manages and monitors credit concentration limits, active portfolio management and offlay of credit risks (both single name and industry/product concentrations), assessment of the risk return of key concentrations.
Specific activities include:
Industry/Product & Limits

  • Oversight & operation of the wholesale credit limit framework including operating procedures & automation of limit reporting;
  • Regular reporting, oversight and analytics on the overall wholesale lending book as well as key concentrations
Industry Reviews and Deep Dives
  • Perform lead role on board level risk/LOB presentations for key credit risk concentration; ensuring all key stakeholders are engaged with respect to various industry/product reviews at appropriate times as well as the key risk factors are addressed
  • Provide effective challenge to the business strategy presented by each LOB
Regulatory/Economic Capital
  • A fundamental understanding of the framework for both EC & RC calculations and methodology; stay abreast of any methodology or regulatory changes impacting EC and RC and impact to wholesale credit limit framework
Portfolio Insights
  • Provide deep insights into risk trends in key sectors, geographies or LOBs
  • Strong understanding of various market indicators and the various insights to the overall wholesale loan book (CDS market trending; indices and top names, various market indices showing sectoral movement
  • Develop a proactive approach takes key industry indices and comparison against key risk or loss metrics to provide forward looking insights and/or areas of concern / review
  • Understanding of the key economic drivers for key concentrations with the ability to track key economic variables or industries against our book and current performance
  • Provide insights on industry or product basis of both negative and positive trends in industry (Enterprise wide and Canada/US)
  • Key understanding of Risk Migration trending and its applicability to portfolio insights including change in underwriting standards, as well as trending against key risk drivers for specific industry/product concentrations
Risk Transfer
  • Fundamental understanding 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
Stress Testing
  • Key understanding of the credit stress testing process and models.
  • Key stakeholder with respect to wholesale credit stress testing and CPM’s key responsibilities include engaging with credit stress testing team to
  • Improve enterprise level industry/product stress tests and
  • Engage with team to create a framework that provides more consistent and repeatable stress tests with a focus on sensitivity testing versus full stress testing
  • Track actual portfolio performance against stress test results, including tracking of key risk drivers – did the portfolio behave as it should have.
  • Compare actual losses in periods of stress against forecast losses
    In this role there is frequent interaction with senior bank leaders and a need for both diplomacy and firmness to ensure that the timeliness of materials and the content prepared for the Board and Risk Management Committee conform to content expectations.
Qualifications:
  • Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • Expert knowledge of risk management, audit, compliance, governance practices.
  • Expert knowledge of business and regulatory environment and understanding of risk issues / trends and best practices.
  • Expert knowledge of banking products, including credit and non-credit experience, economics and financial markets.
  • Expert communication and relationship management skills.
  • Ability to manage multiple priorities with effective planning and organizing skills.
  • Seasoned expert with extensive industry knowledge.
  • Technical leader viewed as a thought leader for innovation.
  • Verbal & written communication skills - Expert.
  • Analytical and problem solving skills - Expert.
  • Influence skills - Expert.
  • Collaboration & team skills; with a focus on cross-group collaboration - Expert.
  • Able to manage ambiguity.
  • Data driven decision making - Expert.
We’re here to help At BMO 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. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world. As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset. To find out more visit us at https://jobs.bmo.com/ca/en . BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter. Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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Job Detail

  • Job Id
    JD2016568
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Toronto, ON, Canada
  • Education
    Not mentioned