Credit Risk Reviewer Jobs

Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and asset quality of the credit portfolio. As a critical component of risk management at BMO, this work provides vital assurance to the Board of Directors and senior management as to the quality of the internal control system and in so doing helps reduce the risk of loss and reputational damage to the Company. Identifies unacceptable/high risk circumstances that could lead to material impact on profitability or reputation. Provides independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation.

• Provides specialized consulting, analytical and technical support.
• Provides training and support to internal stakeholders on risk rating accuracy and best practices in credit risk.
• Works collaboratively with internal stakeholders to maximize risk return and improve the customer experience through the lending process.
• Represents Credit Risk Review as requested in various cross enterprise working groups in order to provide credit risk oversight and perspectives.
• Aggregates Credit Risk Review intelligence, indentifies issues and reports to Senior Management, various internal committees and/or Boards.
• Works independently and regularly handles non-routine situations.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Participates in due diligence for portfolio or bank acquisitions via credit risk evaluations.
• Builds relationships with lending areas and across risk management.
• Assigns grades for the quality and risk profile of the portfolios reviewed and the compliance of the related unit(s) with bank policies and procedures.
• Reviews and rates credit risks to assure timeliness and accuracy of credit risk ratings for the assigned commercial loan portfolio and/or retail loan portfolio.
• Completes investigations, assigned tasks, reports, and contribute to overall review assessments and grades timely, accurately and with appropriate diligence.
• Participates in ongoing portfolio reviews, target examinations, portfolio deep dives, and special reviews of specific credits in accordance with Credit Risk Review Mandate and Procedures.
• Recommends action plans for resolving material issues noted in reviews.
• Contributes to the development and implementation of loan policies and procedures, on an as-needed basis.
• Assures consistent practices and applications of Credit Risk Review Mandate and Procedures.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Broader work or accountabilities may be assigned as needed.
• Assesses ratings and evaluation of the adherence to policies and procedures, as well as the effectiveness and accuracy of credit analysis, collateral evaluation, monitoring, underwriting quality, and identification and management of problem credits.

Qualifications:

• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Strong finance and accounting practice skills.
• Professional designations or business designation: CPA, MBA, CFA.
• Influence skills - In-depth.
• Superior credit analytics and risk evaluation skills.
• Analytical and problem solving skills - In-depth.
• Extensive knowledge of and experience with Corporate Policies/Standards, Commercial Lending and/or Retail Lending Process and Directives, the enterprise’s credit culture and procedures, and general banking practices and regulations.
• Collaboration & team skills - In-depth.
• Verbal & written communication skills - In-depth.
• Data driven decision making - In-depth.
• Typically between 10+ years of relevant experience and/or certification in related field of study or an equivalent combination of education and experience.
• Credit qualification required according to the standards established within the Credit Qualification Process Policies and Procedures.
• Essential to have ability to identify early warning signals and required practices for management of problem accounts. Experience with loan workouts preferred.
• Superior knowledge of all phases of effective credit administrations, policies and procedures, commercial lending and/or retail lending processes, and analytical practices.

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/us/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. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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.

Compensation and Benefits:

$66,500.00 - $95,000.00

The base salary represents BMO Financial Group’s hiring range for this position. Actual salaries will vary and will be based on various factors, such as location, skills, experience, and qualification for the role. Salaries for part-time roles will be pro-rated based on number of hours regularly worked.

Base salary is one component of BMO Financial Group’s total compensation package for employees, which may include performance-based incentives, commissions or 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: www.bmousbenefits.com.