BMO U.S. · 1 hour ago
Senior Manager - Business Banking Credit Risk Strategy
Naperville, IL
Full-time
Onsite
Senior Level
$102K/yr - $190K/yr
7+ years expBMO U.S. is a company that focuses on making a positive impact in local communities. The Senior Manager - Business Banking Credit Risk Strategy is responsible for developing and maintaining risk decision-support strategies using analytical solutions to enable high-quality, fact-based decisions for a designated risk portfolio.
Banking
Responsibilities
Understanding the key drivers of losses and P&L, their relative importance and the current trends; apply this knowledge effectively to forecast losses meaningfully and accurately
Analyze underlying model outputs relative to other business, ensure that the models provide rational and logical output
Reconcile detailed financial data from disparate data sources
Present the findings to various key stake-holders and senior management across the US Banking organization, specifically Business Banking and Small Business Cards
Hold discussions with and present to various review and challenge teams, internal and external auditors and regulators
Ensure best in class governance and documentation practices for these functions
Drive process efficiencies through automation for the underlying data, forecasting and reporting processes
Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do
Ensures alignment between values and behaviour that fosters diversity and inclusion
Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through
Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders
Attracts, retains, and enables the career development of top talent
Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance
Provides strategic input into business decisions as a trusted advisor
Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group
Acts as a subject matter expert on relevant regulations and policies
May network with industry contacts to gain competitive insights and best practices
Interprets new regulations and assesses impacts to the risk strategy framework
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
Measures the effectiveness of risk decision strategy management framework; recommends changes as required
Conducts independent analysis and assessment to resolve strategic issues
Leads the development and maintenance of the risk strategy management framework
Acts as the prime subject matter expert for internal/external stakeholders
Represents the decision strategy function during internal/external regulatory audits and/or examinations
Ensures alignment between stakeholders
Designs and produces regular and ad-hoc reports, and dashboards
Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting
Defines business requirements for analytics & reporting to ensure data insights inform business decision making
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 execution of operational programs; assesses and adapts as needed to ensure quality of execution
Leads and integrates the monitoring, measurement & reporting on the status of the risk decision strategy performance to internal & external stakeholders
Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines
May provide specialized support for other internal and external regulatory requirements
Leads in the design, implementation and management of core business/group processes
Develops and maintains risk strategies using analytics, predictive modelling and business rules to optimize decisions and productivity
Supports the planning and execution of the change management process including simulation, validation testing and reporting requirements to evaluate the effectiveness of the new or modified strategies
Provides advice and guidance to assigned business/group on implementation of analytical solutions
Develops and maintains in-depth knowledge of business product strategies and related risk management requirements and legislative/ regulatory directives
Works with stakeholders to identify the business requirements, understand the profitability structure, the risk / return assessment and the expected outcomes
Works with data owners to discover and select available data sources from internal sources and external vendors (e.g. lending system, payment system, external credit rating system) to fulfill analytical needs
Works with internal and external stakeholders to understand the capabilities of risk models and core risk systems to ensure effectiveness of risk decision strategies
Builds effective relationships with internal/external stakeholders
Ensures alignment between stakeholders
Summarizes statistical findings and draws conclusions and presents actionable business recommendations
Presents findings & recommendations in a simple, clear way to drive action
Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting
Monitors and tracks performance; addresses any issues
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine
Implements changes in response to shifting trends
Broader work or accountabilities may be assigned as needed
Qualification
Required
Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
In-depth / expert product knowledge for the designated business / portfolio
In-depth / expert knowledge of risk management theory, processes and portfolio management reporting techniques
In-depth / expert knowledge of modelling & analytics concepts and applications
In-depth / expert knowledge of risk systems technology
In-depth / expert knowledge of regulatory requirements
Seasoned professional with a combination of education, experience and industry knowledge
Verbal & written communication skills - In-depth / Expert
Analytical and problem solving skills - In-depth / Expert
Influence skills - In-depth / Expert
Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert
Able to manage ambiguity
Data driven decision making - In-depth / Expert
Benefits
Health insurance
Tuition reimbursement
Accident and life insurance
Retirement savings plans
Company
BMO U.S.
We’re a bank, but there’s more to it than that. We're a top ten bank in North America and have been serving our customers since 1817.
5001-10000 employees
H1B Sponsorship
BMO U.S. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1)
2024 (11)
2023 (41)
2022 (22)
2021 (14)
2020 (21)
Funding
Current Stage
Late StageLeadership Team
Mike Morton
Vice Chair U.S. Commercial Banking
Recent News
2025-10-16
2025-09-23
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