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BMO · 3 hours ago

Director, Credit Risk Policy

Chicago, IL, USA

Full-time

Hybrid

Senior Level, Lead/Staff

$137K/yr - $238K/yr

9+ years exp

BMO is a leading financial institution committed to creating lasting, positive change. The Director of Credit Risk Policy will lead the Wholesale Credit Risk Policy team, driving enterprise-wide initiatives and collaborating with various stakeholders to enhance credit risk management frameworks and policies.

BankingCrowdfundingFinanceFinancial Services

Responsibilities

Provides subject matter expertise in the analysis, development, approval process, issuance and communication of Risk policy frameworks in alignment with standards

Writes, publishes and maintains policy documentation to achieve the desired business results and support corporate, compliance and/or regulatory requirements

Includes guidelines, standards, directives, operating procedures, and related documentation

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

Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives

Develops an expert understanding of business/group challenges

Networks with industry contacts to gather competitive insights and best practices

Recommends measures to improve organizational effectiveness

May consult to or serve on various committees and task forces

Influences and negotiates to achieve business objectives

Identifies emerging issues and trends to inform decision-making

Designs, develops and implements multi-year strategy (including governance &, program design, operating frameworks, tools and processes)

Monitors adherence to standards and assists with issue management

Develops the business case by identifying needs, analysing potential options and assessing expected return on investment

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

Analyzes the impact of projects related to compliance, transformation, system upgrades etc. on policies and procedures. Assesses and reports the impact of changes to stakeholders

Acts as the prime contact for internal/external stakeholder relationships, which may include regulators

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

Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives

Leads the development of the communication strategy focusing on positively influencing or changing behaviour

Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour

Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success

Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution

Oversees the design, development, and implementation of tools and training required to deliver business results

Creates, implements and sustains the guidelines, standard, operating procedures and other documentation

Initiates and coordinates review processes among stakeholders

Identifies and eliminates gaps in current state of policies and procedural documentation

Reviews documentation on a timely basis to ensure they are up to date, accurate and complete

Breaks down strategic problems, and analyses data and information to provide insights and recommendations

Builds effective relationships with internal/external stakeholders

Ensures alignment between stakeholders

Monitors and tracks performance, and addresses any issues

Designs and produces regular and ad-hoc reports, and dashboards

Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences

Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information

Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO

Influences how teams/groups work together

Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems

Communicates abstract concepts in simple terms

Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives

Anticipates trends and responds by implementing appropriate changes

Broader work or accountabilities may be assigned as needed

Qualification

Risk managementComplianceGovernance policy managementProject managementData driven decision makingAnalytical skillsInfluence skillsVerbal communicationWritten communicationManage ambiguityCollaboration skillsProblem solving skillsTeam skills

Required

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, and / or governance policy management

Expert knowledge of business and regulatory environment

Seasoned expert with extensive industry knowledge – technical leader viewed as a thought leader for innovation

Project management skills - Expert

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